Common use of Collateral for Obligations Clause in Contracts

Collateral for Obligations. The Borrower acknowledges that it is the intention of the Borrower that the Collateral and all the Deeds of Trust be security for all of the Obligations, both those now existing and those hereafter created or incurred by future loans, advances, extensions of credit or otherwise and whether or not currently contemplated by the Borrower and/or the Lenders on or about the date hereof.

Appears in 3 contracts

Samples: Financing and Security Agreement (Alternative Living Services Inc), Financing and Security Agreement (Alternative Living Services Inc), Financing and Security Agreement (Sunrise Assisted Living Inc)

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Collateral for Obligations. The Borrower acknowledges Borrowers acknowledge that it is the intention of the Borrower Borrowers that the Collateral and all the Deeds of Trust be security for all of the Obligations, both those now existing and those hereafter created or incurred by future loans, advances, extensions of credit or otherwise and whether or not currently contemplated by the Borrower Borrowers and/or the Lenders on or about the date hereof.

Appears in 2 contracts

Samples: Financing and Security Agreement (Sunrise Assisted Living Inc), Financing and Security Agreement (Sunrise Assisted Living Inc)

Collateral for Obligations. The Each Borrower acknowledges that it is the intention of the Borrower Borrowers that the Collateral and all the Deeds of Trust be security for all of the Obligations, both those now existing and those hereafter created or incurred by future loans, advances, extensions of credit or otherwise and whether or not currently contemplated by the Borrower Borrowers and/or the Lenders on or about the date hereof.

Appears in 2 contracts

Samples: Financing and Security Agreement (American Retirement Corp), Financing and Security Agreement (American Retirement Corp)

Collateral for Obligations. The Borrower acknowledges that it is the intention of the Borrower that the Collateral and all the Deeds of Trust be security for all of the Obligations, both those now existing and those hereafter created or incurred by future loans, advances, extensions of credit or otherwise and whether or not currently contemplated by the Borrower and/or the Lenders Lender on or about the date hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunrise Assisted Living Inc)

Collateral for Obligations. The Borrower acknowledges Borrowers acknowledge that it is the intention of the Borrower Borrowers that the Collateral and all the Deeds of Trust be security for all of the Obligations, both those now existing and those hereafter created or incurred by future loans, advances, extensions of credit or otherwise and whether or not currently contemplated by the Borrower Borrowers and/or the Lenders Lender on or about the date hereof.

Appears in 1 contract

Samples: Financing and Security Agreement (Sunrise Assisted Living Inc)

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Collateral for Obligations. The Borrower acknowledges Borrowers acknowledge that it is the intention of the Borrower Borrowers that the Collateral and all the Deeds of Trust be security for all of the Obligations, both those now existing and those hereafter created or incurred by future loansloan, advances, extensions of credit or otherwise and whether or not currently contemplated by the Borrower Borrowers and/or the Lenders on or about the date hereof.

Appears in 1 contract

Samples: Financing and Security Agreement (Sunrise Assisted Living Inc)

Collateral for Obligations. The Borrower acknowledges Borrowers acknowledge that it is the intention of the Borrower Borrowers that the Collateral and all the Deeds of Trust be security for all of the Obligations, both those now existing and those hereafter created or incurred by future loansloan, advances, extensions of credit or otherwise and 41 48 whether or not currently contemplated by the Borrower Borrowers and/or the Lenders on or about the date hereof.

Appears in 1 contract

Samples: Financing and Security Agreement (Sunrise Assisted Living Inc)

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