Common use of All Loans to Constitute One Obligation Clause in Contracts

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Agent or such Lender.

Appears in 5 contracts

Samples: Loan and Security Agreement (Standard Register Co), Loan and Security Agreement (Rowe Companies), Loan and Security Agreement (Integrated Electrical Services Inc)

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All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers Borrower and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s 's Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers Borrower to Agent or such Lender.

Appears in 3 contracts

Samples: Loan and Security Agreement (Dixie Group Inc), Loan and Security Agreement (Dixie Group Inc), Loan and Security Agreement (Dixie Group Inc)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation obligation of Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s 's Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Agent or such Lender.

Appears in 3 contracts

Samples: Loan and Security Agreement (Tropical Sportswear International Corp), Loan and Security Agreement (Danka Business Systems PLC), Loan and Security Agreement (Tropical Sportswear International Corp)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation obligation of Borrowers Borrower, and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s the security interest in and Lien upon all of the Collateral; providedCollateral and by all other security interests, howeverLiens, that Agent claims and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each encumbrances heretofore, now or at any time or times hereafter granted by Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Agent or such LenderBank.

Appears in 2 contracts

Samples: Loan and Security Agreement (Prism Financial Corp), Loan and Security Agreement (Sigmatron International Inc)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers Borrower and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s 's Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers Borrower to Agent or such Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Rhodes Inc), Loan and Security Agreement (Amerigroup Corp)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers Borrower, and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s 's Lien for the benefit of the Agent and the ratable benefit of the Lenders upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Agent or such Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mobile Mini Inc), Loan and Security Agreement (Mobile Mini Inc)

All Loans to Constitute One Obligation. The Except as specifically set forth herein, the Loans shall constitute one general Obligation obligation of Borrowers Borrowers, and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s first priority security interest in and Lien upon all of the Collateral; providedCollateral and by all other security interests, howeverLiens, that Agent claims. and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of encumbrances heretofore, now or at any Obligations jointly and severally owed time or times hereafter granted by Borrowers to Agent or such Lenderpursuant to the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Lawson Products Inc/New/De/), Credit Agreement (Lawson Products Inc/New/De/)

All Loans to Constitute One Obligation. The All Loans shall constitute one general Obligation joint and several obligation of Borrowers Borrowers, and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s 's security interest in and Lien upon all of the Collateral; provided, howeverfor the benefit of Lenders, that Agent and each Lender shall be deemed to be a creditor of each Borrower by all other security interests and the holder of a separate claim against each Liens heretofore, now or at any time or times hereafter granted by Borrower to Agent for the extent benefit of any Obligations jointly and severally owed by Borrowers to Agent or such LenderLenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Industrial Data Systems Corp)

All Loans to Constitute One Obligation. The All Loans shall constitute one general Obligation joint and several obligation of Borrowers Borrowers, shall be evidenced by the Notes, and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s 's security interest in and Lien upon all of the Collateral; provided, howeverand by all other security interests and Liens heretofore, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each now or at any time or times hereafter granted by Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Agent or such LenderAgent.

Appears in 1 contract

Samples: Loan and Security Agreement (Cal Dive International Inc)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation obligation of Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Administrative Agent’s Lien upon all of the Collateral; provided, however, that each Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to such Agent or such Lender.

Appears in 1 contract

Samples: Credit and Security Agreement (PNA Group Holding CORP)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s 's Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Agent or such Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Integrated Electrical Services Inc)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers the Borrowers, on which each Borrower is jointly and (unless otherwise expressly provided in any Security Document) severally liable, and shall be secured by Agent’s Lien upon all the Liens on the Collateral in favor of the CollateralCollateral Agent; provided, however, that the Agent and each Lender of the Lenders shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any all Obligations jointly and severally owed by the Borrowers to the Agent or such Lender.

Appears in 1 contract

Samples: Credit Agreement (Crown Crafts Inc)

All Loans to Constitute One Obligation. The All Loans shall constitute one general Obligation obligation of Borrowers Borrower, and (unless otherwise expressly provided in any Security Document) shall be secured by Collateral Agent’s 's security interest, for the benefit of Lenders, in and Lien upon all of the Collateral; provided, howeverand by all other security interests and Liens heretofore, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each now or at any time or times hereafter granted by Borrower to Collateral Agent, for the extent benefit of any Obligations jointly and severally owed by Borrowers Lenders to Agent or such Lendersecure the Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Mmi Products Inc)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation obligation of Borrowers Borrower, and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s the security interest in and Lien upon all of the Collateral; provided, howeverfor Bank's benefit, that Agent and each Lender shall be deemed to be a creditor of each Borrower by all other security interests, Liens, claims and the holder of a separate claim against each encumbrances heretofore, now or at any time or times hereafter granted by Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Agent or such LenderBank.

Appears in 1 contract

Samples: Loan and Security Agreement (Heartland Technology Inc)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers Borrower and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s 's Lien upon all of the Collateral; providedPROVIDED, howeverHOWEVER, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers Borrower to Agent or such Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Metromedia International Group Inc)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers Borrower and (unless otherwise expressly provided in any the Security DocumentDocuments) shall be secured by Agent’s 's Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers Borrower to Agent or such Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Toms Foods Inc)

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All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation obligation of Borrowers Borrowers, and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s the security interest in and Lien upon all of the Collateral; provided, howeverfor Bank's benefit, that Agent and each Lender shall be deemed to be a creditor of each Borrower by all other security interests, Liens, claims and the holder of a separate claim against each Borrower to the extent of encumbrances heretofore, now or at any Obligations jointly and severally owed time or times hereafter granted by Borrowers to Agent or such LenderBank.

Appears in 1 contract

Samples: Loan and Security Agreement (Paul Harris Stores Inc)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s 's Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Agent or such Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Tropical Sportswear Co Inc)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers the Borrowers, on which each Borrower is jointly and (unless otherwise expressly provided in any Security Document) severally liable, and shall be secured by Agent’s Lien upon all the Liens on the Collateral in favor of the CollateralAgent; provided, however, that the Agent and each Lender of the Lenders shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any all Obligations jointly and severally owed by the Borrowers to the Agent or such Lender.

Appears in 1 contract

Samples: Credit and Security Agreement (Belden Inc)

All Loans to Constitute One Obligation. The Loans Loans, Letter of Credit Outstandings and other Obligations shall constitute one general Obligation obligation of Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Agent or such Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Standard Register Co)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation obligation of Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Administrative Agent’s Lien upon all of the Collateral; provided, however, that Administrative Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Administrative Agent or such Lender.

Appears in 1 contract

Samples: Credit Agreement (Superior Essex Inc)

All Loans to Constitute One Obligation. The All Loans to Borrower shall constitute one general Obligation obligation of Borrowers Borrower, and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s 's security interest in and Lien upon all of the Collateral; provided, howeverand by all other security interests and Liens heretofore, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each now or at any time or times hereafter granted by Borrower to Agent for the extent benefit of any Obligations jointly and severally owed by Borrowers to Agent or such LenderLenders.

Appears in 1 contract

Samples: Loan Agreement (Microwave Power Devices Inc)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers the Borrower, and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s Lien upon all the Liens on the Collateral in favor of the CollateralAgent; provided, however, that the Agent and each Lender of the Lenders shall be deemed to be a creditor of each the Borrower and the holder of a separate claim against each the Borrower to the extent of any all Obligations jointly and severally owed by Borrowers the Borrower to the Agent or such Lender.

Appears in 1 contract

Samples: Credit and Security Agreement (Thomas & Betts Corp)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers Borrowers, and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s 's security interest in and Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower Collateral for Agent's benefit and the holder ratable benefit of a separate claim against each Borrower to the extent of all Lenders, and by all other security interests, Liens, claims and encumbrances heretofore, now or at any Obligations jointly and severally owed time or times hereafter granted by Borrowers to Agent or such Lenderfor its benefit and the ratable benefit of Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (Factory Card Outlet Corp)

All Loans to Constitute One Obligation. The Loans shall constitute -------------------------------------- one general Obligation of Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s 's Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be ----------------- deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Agent or such Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Gulf States Steel Inc /Al/)

All Loans to Constitute One Obligation. The Loans shall constitute one general Obligation of Borrowers the Borrowers, on which each Borrower is jointly and (unless otherwise expressly provided in any Security Document) shall be secured by Agent’s Lien upon all of the Collateralseverally liable; provided, however, that the Administrative Agent and each Lender of the Lenders shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any all Obligations jointly and severally owed by the Borrowers to the Administrative Agent or such Lender.

Appears in 1 contract

Samples: Credit Agreement (Airborne Inc /De/)

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