COLLATERAL FOR THE OBLIGATIONS. Until paid in full, the Obligations will be secured by the following:
COLLATERAL FOR THE OBLIGATIONS. The Obligations will be secured and supported as provided in this Section:
COLLATERAL FOR THE OBLIGATIONS. Promptly upon acquisition thereof, pledge all assets and properties (including all Accounts, inventory, real property and other assets and properties) of each Borrower and its Subsidiaries constituting Collateral under the Security Documents in each case as security for the Obligations, maintain in full force and effect the lockbox arrangements contemplated by the Security Agreement and perform all obligations of each Borrower and its 93 Subsidiaries set forth in any Lockbox Agreement (including without limitation issuing irrevocable directions to all Account Debtors to remit payments in respect of Accounts to the lockboxes or accounts established with the Collateral Agent or pursuant to any Lockbox Agreement).
COLLATERAL FOR THE OBLIGATIONS. Until finally paid and satisfied in full and this Agreement is no longer of any force or effect, the Obligations are and shall remain secured by a valid and enforceable first priority pledge, assignment of and/or grant of security interest and Lien in and to all personal property of the Company, tangible and intangible, now owned and existing or hereafter acquired or arising, including, without limitation, all accounts receivable, all Purchased Accounts Receivable, cash, Pledged Cash, Investment securities, all promissory notes (including, but not limited to, the Escalade Note) made and issued by Escalade and/or any of the Escalade Domestic Subsidiaries in favor of, and owned and held by, the Company, general intangibles and all proceeds and products thereof (collectively, the "COLLATERAL"), which assignments, security interests and pledges shall be granted to the Bank by the Company Security Agreement and the Escalade Note Pledge Agreement, respectively, subject only to Liens and security interests described in the exceptions enumerated in Section 5.02(b)
COLLATERAL FOR THE OBLIGATIONS. Until paid in full, all of the Obligations will be secured by the following:
COLLATERAL FOR THE OBLIGATIONS. The Collateral Agent shall keep the Collateral segregated from its other property and may set up one or more bank or security accounts, as it deems appropriate, to maintain such segregation.
COLLATERAL FOR THE OBLIGATIONS. The ------------ Obligations will be secured by a security interest in all personal property of the Company, tangible and intangible, now owned and existing or hereafter acquired or arising, including, without limitation, all equipment, inventory, accounts receivable and general intangibles and all proceeds thereof, which security interest will be created by a Security Agreement (as the same may be amended, modified, extended, renewed, supplemented, replaced and/or restated from time to time and at any time, the "Security -------- Agreement") in the form attached as EXHIBIT I. The Security --------- --------- Agreement will provide security interests in the collateral described therein subject only to liens and security interests described in the exceptions enumerated in subsections 5.02(b)(1) through (7) of this Agreement. In the event the Company owns or acquires tangible or intangible personal property that the Bank deems is or may not be covered as collateral by the Security Agreement or in which the Bank deems its security interest therein is or may not be perfected, the Company covenants and agrees promptly upon the request of the Bank to execute such other security instruments and documents and take such other actions as the Bank may require to grant to the Bank a perfected security interest therein, all of which security instruments and documents
COLLATERAL FOR THE OBLIGATIONS. In addition to all of the Collateral required under the Agreement, the Obligations shall be supported and secured by a first and prior lien on and security interest in all of the personal property of Master Products. Such lien and security interest shall be evidenced by a Security Agreement in the form of Exhibit C and by the filing of Uniform Commercial Code ("UCC") Financing Statements in all offices deemed appropriate by the Bank. In addition, Master Products shall execute and deliver an Unconditional Limited Guaranty of all of the obligations of the Company and Martxx Xxxe Industries for in the form of EXHIBIT D. Further, Martxx Xxxe Industries, Inc. shall execute and deliver a Pledge Agreement, to pledge all of its ownership interest in the common stock of Master Products, which Pledge Agreement shall be in the form of EXHIBIT E. Mxxxxx Xxxe Industries, Inc. shall deliver the stock certificates of Master Products to the Bank together with stock powers executed in blank.
COLLATERAL FOR THE OBLIGATIONS. Subject in all respects to the other provisions of this Agreement and the other Loan Documents (including all thresholds, exceptions and deadlines therein), each Loan Party covenants and agrees promptly, upon the reasonable request of the Lender, to execute such security instruments and documents and take such other actions as the Lender may reasonably require to grant, preserve, protect and continue the validity, perfection and priority of the security interests created or intended to be created by the Collateral Documents, all of which security instruments and documents shall be in form and substance reasonably satisfactory to the Lender and its counsel.
COLLATERAL FOR THE OBLIGATIONS. The Obligations of Starcraft, Imperial, Starcraft Southwest and National under their respective Parent Guaranty Agreements shall be secured by a security interest in all accounts receivable, general intangibles, inventory and equipment of each of Starcraft, Imperial, Starcraft Southwest and National, respectively, now owned and hereafter acquired, and in the proceeds thereof, which security interests shall be created by a security agreement executed by each of Starcraft, Imperial, Starcraft Southwest and National (collectively, the "Parent Security Agreements"). The Obligations of the Parent, Imperial, Starcraft Southwest and National under their respective Starcraft Guaranty Agreements shall be secured by a security interest in all accounts receivable, general intangibles, inventory and equipment of each of the Parent, Imperial, Starcraft Southwest and National, respectively, now owned or hereafter acquired, and in the proceeds thereof, which security interests shall be created by a security agreement executed by each of the Parent, Imperial, Starcraft Southwest and National (collectively, the "Starcraft Security Agreements"). Additionally, the security agreements from each of the Parent and Starcraft shall also secure all other of their respective Obligations. Each of the Parent, Starcraft, Imperial, Starcraft Southwest and National shall execute and deliver to the Bank as of the Seventh Amendment Effective Date a single security agreement in substantially the form of the attached Exhibit "E" in order to satisfy the requirements of this Section 3B, which security agreements shall be in addition and supplemental to any and all other security agreements provided to the Bank prior to that date with respect to this Agreement."
(h) Amendment of Section 4.b(ix). Section 4.b(ix) of the Existing Agreement is amended and restated in its entirety as of the Seventh Amendment Effective Date to read as follows:
