Binding Effect; Several Agreement; Successors and Assigns. This Agreement shall become effective as to Grantor when a counterpart hereof executed on behalf of Grantor shall have been delivered to the Secured Parties and a counterpart hereof shall have been executed on behalf of the Secured Parties, and thereafter shall be binding upon Grantor and the Secured Parties and their respective successors and assigns, and shall inure to the benefit of Grantor, the Secured Parties and their respective successors and assigns, except that Grantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Purchase Agreement, the Notes or the other Transaction Documents.
Appears in 17 contracts
Samples: Security Agreement (P Com Inc), Security Agreement (Silver Star Energy Inc), Security Agreement (Quest Oil Corp)
Binding Effect; Several Agreement; Successors and Assigns. This Agreement shall become effective as to Grantor when a counterpart hereof executed on behalf of Grantor shall have been delivered to the Secured Parties and a counterpart hereof shall have been executed on behalf of the Secured Parties, and thereafter shall be binding upon Grantor and the Secured Parties and their respective successors and assigns, and shall inure to the benefit of Grantor, the Secured Parties and their respective successors and assigns, except that Grantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Purchase Letter Loan Agreement, the Notes or the other Transaction Loan Documents.
Appears in 11 contracts
Samples: Security Agreement (Speedcom Wireless Corp), Security Agreement (Speedcom Wireless Corp), Security Agreement (Speedcom Wireless Corp)
Binding Effect; Several Agreement; Successors and Assigns. This Agreement shall become effective as to Grantor when a counterpart hereof executed on behalf of Grantor shall have been delivered to the Secured Parties and a counterpart hereof shall have been executed on behalf of the Secured Parties, and thereafter shall be binding upon Grantor and the Secured Parties and their respective successors and assigns, and shall inure to the benefit of Grantor, the Secured Parties and their respective successors and assigns, except that Grantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Purchase Agreement, the Notes Note or the other Transaction Documents.
Appears in 2 contracts
Samples: Security Agreement (Intelligentias, Inc.), Security Agreement (Technoconcepts, Inc.)
Binding Effect; Several Agreement; Successors and Assigns. This Agreement shall become effective as to Grantor when a counterpart hereof executed on behalf of Grantor shall have been delivered to the Secured Parties Party and a counterpart hereof shall have been executed on behalf of the Secured PartiesParty, and thereafter shall be binding upon Grantor and the Secured Parties Party and their its respective successors and assigns, and shall inure to the benefit of Grantor, the Secured Parties Party and their its respective successors and assigns, except that Grantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Purchase Agreement, the Notes Agreement or the other Transaction DocumentsNote.
Appears in 2 contracts
Samples: Security Agreement (Vertel Corp), Security Agreement (Vertel Corp)
Binding Effect; Several Agreement; Successors and Assigns. This Agreement shall become effective as to Grantor when a counterpart hereof executed on behalf of Grantor shall have been delivered to the Secured Parties and a counterpart hereof shall have been executed on behalf of the Secured Parties, and thereafter shall be binding upon Grantor and the Secured Parties and their respective successors and assigns, and shall inure to the benefit of Grantor, the Secured Parties and their respective successors and assigns, except that Grantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Purchase Agreement, Agreement and the Notes or the other Transaction DocumentsNotes.
Appears in 2 contracts
Samples: Security Agreement (Dirt Motor Sports, Inc.), Security Agreement (World Racing Group, Inc.)
Binding Effect; Several Agreement; Successors and Assigns. This Agreement shall become effective as to Grantor when a counterpart hereof executed on behalf of Grantor shall have been delivered to the Secured Parties and a counterpart hereof shall have been executed on behalf of the Secured Parties, and thereafter shall be binding upon Grantor and the Secured Parties and their respective successors and assigns, and shall inure to the benefit of Grantor, the Secured Parties and their respective successors and assigns, except that Grantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Purchase Agreement, the Notes Agreement or the other Transaction DocumentsNotes.
Appears in 2 contracts
Samples: Security Agreement (Vertel Corp), 4 Security Agreement (Vertel Corp)
Binding Effect; Several Agreement; Successors and Assigns. This Agreement shall become effective as to Grantor when a counterpart hereof executed on behalf of Grantor shall have been delivered to the Secured Parties Party and a counterpart hereof shall have been executed on behalf of the Secured PartiesParty, and thereafter shall be binding upon Grantor and the Secured Parties Party and their respective successors and assigns, and shall inure to the benefit of Grantor, the Secured Parties Party and their respective successors and assigns, except that Grantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Purchase Share Exchange Agreement, the Notes or the other Transaction Documents.
Appears in 1 contract
Binding Effect; Several Agreement; Successors and Assigns. This Agreement shall become effective as to Grantor when a counterpart hereof executed on behalf of Grantor shall have been delivered to the Secured Parties and a counterpart hereof shall have been executed on behalf of the Secured Parties, and thereafter shall be binding upon Grantor and the Secured Parties and their respective successors and assigns, and shall inure to the benefit of Grantor, the Secured Parties and their respective successors and assigns, except that Grantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Purchase Agreement, the Notes Note or the other Transaction Documents.
Appears in 1 contract
Binding Effect; Several Agreement; Successors and Assigns. This Agreement shall become effective as to Grantor when a counterpart hereof executed on behalf of Grantor shall have been delivered to the Secured Parties Party and a counterpart hereof shall have been executed on behalf of the Secured PartiesParty, and thereafter shall be binding upon Grantor and the Secured Parties Party and their respective successors and assigns, and shall inure to the benefit of Grantor, the Secured Parties Party and their respective successors and assigns, except that Grantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Aircraft Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Purchase Agreement, the Notes or the other Transaction DocumentsAgreements.
Appears in 1 contract
Samples: Aircraft Security Agreement (Tactical Air Defense Services, Inc.)
Binding Effect; Several Agreement; Successors and Assigns. This Agreement shall become effective as to each Grantor when a counterpart hereof executed on behalf of such Grantor shall have been delivered to the Secured Parties Party and a counterpart hereof shall have been executed on behalf of the Secured PartiesParty, and thereafter shall be binding upon such Grantor and the Secured Parties Party and their respective successors and assigns, and shall inure to the benefit of such Grantor, the Secured Parties Party and their respective successors and assigns, except that no Grantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Purchase Agreement, the Notes Note or the other Transaction Documents.
Appears in 1 contract
Samples: Security Agreement (Verticalnet Inc)
Binding Effect; Several Agreement; Successors and Assigns. This Agreement shall become effective as to Grantor when a counterpart hereof executed on behalf of Grantor shall have been delivered to the Secured Parties Party and a counterpart hereof shall have been executed on behalf of the Secured PartiesParty, and thereafter shall be binding upon Grantor and the Secured Parties Party and their respective successors and assigns, and shall inure to the benefit of Grantor, the Secured Parties Party and their respective successors and assigns, except that Grantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Company Shares Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Purchase Agreement, the Notes or the other Transaction DocumentsAgreements.
Appears in 1 contract
Samples: Shares Security Agreement (Tactical Air Defense Services, Inc.)
Binding Effect; Several Agreement; Successors and Assigns. This Agreement shall become effective as to Grantor when a counterpart hereof executed on behalf of Grantor shall have been delivered to the Secured Parties and a counterpart hereof shall have been executed on behalf of the Secured Parties, and thereafter shall be binding upon Grantor and the Secured Parties and their respective successors and assigns, and shall inure to the benefit of Grantor, the Secured Parties and their respective successors and assigns, except that Grantor shall not have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Debenture and Warrant Purchase Agreement, the Notes Agreement or the other Transaction DocumentsDebentures.
Appears in 1 contract
