Borrowers Default. If the Borrower defaults in the payment of its Obligations pursuant to this Note, upon the Lender's demand, the Borrower will execute any other assignment or document necessary or advisable to liquidate or assign the Collateral to the Lender, make payment pursuant to this Note, and to carry out the purposes of this Agreement.
Appears in 15 contracts
Samples: Promissory Note and Security Agreement (Penn America Group Inc), Promissory Note and Security Agreement (Penn America Group Inc), Promissory Note and Security Agreement (Penn America Group Inc)