Collateral Security. (a) The indebtedness, liabilities and obligations of Borrower under this Section 2A, however created or incurred, whether now existing or hereafter arising, due or to become due, absolute or contingent, direct or indirect, secured or unsecured, are among the obligations secured by the security interests, liens and encumbrances created by the Collateral Security Documents delivered to Agent by Borrower, and Agent and the Lenders are entitled to the benefit of the collateral security granted thereunder with respect to such indebtedness.
Appears in 3 contracts
Samples: Credit Agreement (Merkert American Corp), Credit Agreement (Merkert American Corp), Credit Agreement (Marketing Specialists Corp)
Collateral Security. (a) The indebtedness, liabilities and obligations of Borrower Borrowers under this Section 2A, however created or incurred, whether now existing or hereafter arising, due or to become due, absolute or contingent, direct or indirect, secured or unsecured, are among the obligations secured by the security interests, liens and encumbrances created by the Collateral Security Documents delivered to Agent by BorrowerCollateral, and Agent and the Lenders are Bank is entitled to the benefit of the collateral security Collateral granted thereunder with respect to such indebtedness.
Appears in 2 contracts
Samples: Credit Agreement (Delias Inc), Credit Agreement (David Bridal Inc)
Collateral Security. (a) The indebtedness, liabilities and obligations of Borrower Borrowers under this Section 2A, however created or incurred, whether now existing or hereafter arising, due or to become due, absolute or contingent, direct or indirect, secured or unsecured, are among the obligations secured by the security interests, liens and encumbrances created by the Collateral Security Documents delivered to Agent by BorrowerBorrowers, and Agent and the Lenders are entitled to the benefit of the collateral security granted thereunder with respect to such indebtedness.
Appears in 2 contracts
Samples: Credit Agreement (Centennial Healthcare Corp), Credit Agreement (Centennial Healthcare Corp)
Collateral Security. (a) The indebtedness, liabilities and obligations of the Borrower under this Section 2A, however created or incurred, whether now existing or hereafter arising, due or to become due, absolute or contingent, direct or indirect, secured or unsecured, are among the obligations secured by the security interests, liens and encumbrances created by the Collateral Security Documents delivered to Administrative Agent by Borrower, and Administrative Agent and the Lenders Banks are entitled to the benefit of the collateral security granted thereunder with respect to such indebtedness.
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Collateral Security. (a) The indebtedness, liabilities and obligations of Borrower the Company under this Section 2A, however created or incurred, whether now existing or hereafter arising, due or to become due, absolute or contingent, direct or indirect, secured or unsecured, are among the obligations secured by the security interests, liens and encumbrances created by the Collateral Security Documents delivered to Agent by BorrowerAgent, and Agent and the Lenders Banks are entitled to the benefit of the collateral security granted thereunder with respect to such indebtedness.
Appears in 1 contract
Samples: Revolving Credit Agreement (Jones Cable Income Fund 1-B LTD)
Collateral Security. (a) The indebtedness, liabilities and obligations of Borrower under this Section 2A, however created or incurred, whether now existing or hereafter arising, due or to become due, absolute or contingent, direct or indirect, secured or unsecured, are among the obligations secured by the security interests, liens and encumbrances created by the Collateral Security Documents delivered to Agent by BorrowerCollateral, and Agent and the Lenders Banks are entitled to the benefit of the collateral security Collateral granted thereunder with respect to such indebtedness.
Appears in 1 contract
Samples: Credit Agreement (Home Health Corp of America Inc \Pa\)