COLLATERAL FOR THE LOAN Sample Clauses

COLLATERAL FOR THE LOAN. The Obligations shall be secured by a first priority lien on the Properties and, as evidenced by the Loan Documents.

COLLATERAL FOR THE LOAN. The Obligations shall be secured by a first priority lien on the Premises and Rents and Leases associated with the Premises and all materials and other personal property related to the operation of the Project, as evidenced by the Security Documents.

COLLATERAL FOR THE LOAN. No particular collateral for the loan is provided for in this agreement. However, the Borrower is obliged to provide appropriate collateral upon written request of the Lender.

COLLATERAL FOR THE LOAN. Notwithstanding anything to the contrary contained herein, but subject to Section 7.27, the entirety of the Indebtedness evidenced by the Notes shall be secured by each of the Mortgages recorded by Lender against the Properties.

COLLATERAL FOR THE LOAN. The Loan shall be secured by a ----------------------- perfected first-priority security interest in the Collateral Shares.

COLLATERAL FOR THE LOAN. The Obligations shall be secured by the Security Documents.

COLLATERAL FOR THE LOAN. Notwithstanding anything to the contrary contained herein, the entirety of the Indebtedness evidenced by Note Component A-2 and Note B shall be secured by each of (i) the mortgages recorded by Lender against the Initial Properties and (ii) the second lien mortgages recorded by Lender against the Secondary Properties.

COLLATERAL FOR THE LOAN. The Parties agree that the collateral and security for the Loan shall be a first priority security interest in the Collateral.

COLLATERAL FOR THE LOAN. (a) The Parties agree that the collateral and security for the Loan shall be a first priority security interest in the Collateral, including all revenues and other proceeds thereof. (b) The Parties, by an agreement of even date, have agreed as to certain procedures upon a default by the Borrower. Any such election of remedies shall not limit the Lender’s rights under the Note, nor act as a waiver of any of the Lender’s rights under the Note or this Agreement.

COLLATERAL FOR THE LOAN. The Parties agree that the collateral and security for the Loan shall be a first priority security interest in the Collateral, including the components of the System and work-in-progress before delivery, and accounts receivable from Correct Solutions for the System. Until the total principal amount and accrued interest has been paid to the Lender, Correct Solutions shall be instructed to make all payments due under the purchase order or the accounts receivable directly to the Lender. Borrower will execute an irrevocable order directing Correct Solutions to direct all payments on the Collateral to the Lender until the Lender certifies that the Lender is paid in full. To the extent the Lender receives any amount from Correct Solutions in excess of the total amount due, the Lender will forward such amount to the Borrower in a timely manner.