Commercial Tort Claims. Each Debtor shall promptly notify Secured Party of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting to Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 40 contracts
Samples: Security Agreement (Arch Therapeutics, Inc.), Security Agreement (Veroni Brands Corp.), Security Agreement (Arch Therapeutics, Inc.)
Commercial Tort Claims. Each If the Debtor shall promptly at any time hold or acquire a commercial tort claim, the Debtor shall immediately notify the Secured Party in a writing signed by the Debtor of any Commercial Tort Claim acquired by it that concerns the particulars thereof and grant to the Secured Party in such writing a claim security interest therein and in excess the proceeds thereof, all upon the terms of $50,000 this Agreement, with such writing to be in form and unless otherwise consented substance satisfactory to by the Secured Party, such Debtor shall enter into a supplement to this Agreement granting to Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 23 contracts
Samples: Security Agreement (Cardinal Ethanol LLC), Security Agreement (Cardinal Ethanol LLC), Security Agreement (STW Resources Holding Corp.)
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party the Collateral Agent of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 and unless otherwise consented to if requested by Secured Partythe Collateral Agent, such Debtor shall enter into a supplement to this Agreement granting to the Secured Party Parties a Lien on and security interest in such Commercial Tort Claim.
Appears in 7 contracts
Samples: Security Agreement (Zhibao Technology Inc.), Security Agreement (Trio Petroleum Corp.), Security Agreement (Caravelle International Group)
Commercial Tort Claims. Each If Debtor at any time holds or acquires a Commercial Tort Claim, Debtor shall promptly immediately notify Secured Party in writing of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 the details thereof and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting grant to Secured Party in writing a Lien on and security interest therein or lien thereon and in such Commercial Tort Claimthe Proceeds thereof, in form and substance satisfactory to Secured Party.
Appears in 5 contracts
Samples: Pledge and Security Agreement (Innovative Food Holdings Inc), Pledge and Security Agreement (Innovative Food Holdings Inc), Pledge and Security Agreement (Innovative Food Holdings Inc)
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party the Collateral Agent of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 and unless otherwise consented to by Secured Partythe Collateral Agent, such Debtor shall enter into a supplement to this Agreement granting to the Secured Party Parties a Lien on and security interest in such Commercial Tort Claim.
Appears in 5 contracts
Samples: Security Agreement (Innovation1 Biotech Inc.), Securities Purchase Contract (Ascent Solar Technologies, Inc.), Security Agreement (Innovation1 Biotech Inc.)
Commercial Tort Claims. Each If Debtor shall promptly at any time hold or acquire a commercial tort claim, Debtor shall immediately notify Secured Party in a writing signed by Debtor of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 the particulars thereof and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting grant to Secured Party in such writing a Lien on and security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such Commercial Tort Claimwriting to be in form and substance satisfactory to Secured Party.
Appears in 4 contracts
Samples: Security Agreement (Green Plains Renewable Energy, Inc.), Security Agreement (Virtusa Corp), Security Agreement (Fortified Holdings Corp.)
Commercial Tort Claims. Each If Debtor shall promptly at any time hold or acquire a Commercial Tort Claim, Debtor shall immediately notify Secured Party in writing of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 the details thereof and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting grant to Secured Party in such writing a Lien on and security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such Commercial Tort Claimwriting to be in form and substance acceptable to Secured Party.
Appears in 3 contracts
Samples: Security Agreement (Resaca Exploitation, Inc.), Security Agreement (Resaca Exploitation, Inc.), Security Agreement (Specialty Laboratories)
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 20,000 and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting to Secured Party Parties a Lien on and security interest in such Commercial Tort Claim.
Appears in 3 contracts
Samples: Security Agreement (Enter Corp), Security Agreement (Enter Corp), Security Agreement (Enter Corp)
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party of any Commercial Tort Claim (as defined in the Uniform Commercial Code) acquired by it that concerns a claim in excess of $50,000 and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement Agreement, granting to Secured Party a Lien on and security interest in such Commercial Tort Claimcommercial tort claim.
Appears in 3 contracts
Samples: Master Reaffirmation Agreement (Panther Expedited Services, Inc.), Master Reaffirmation Agreement (Panther Expedited Services, Inc.), Security Agreement (Warrantech Corp)
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party of any Commercial Tort Claim (as defined in the Uniform Commercial Code) acquired by it that concerns a claim in excess of $50,000 and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting to Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 2 contracts
Samples: Security Agreement (CardioVascular BioTherapeutics, Inc.), Security Agreement (Galaxy Energy Corp)
Commercial Tort Claims. Each If any Debtor shall promptly notify Secured Party of at any time holds or acquires a Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 and unless otherwise consented to by Secured PartyClaim, such Debtor shall enter into a supplement to this Agreement granting immediately notify Secured Party in writing of the details thereof and grant to Secured Party in writing a Lien on and security interest therein or lien thereon and in such Commercial Tort Claimthe Proceeds thereof, in form and substance reasonably satisfactory to Secured Party.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Home Solutions of America Inc), Pledge and Security Agreement (Home Solutions of America Inc)
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party of any in writing if it has a Commercial Tort Claim acquired by it that concerns (other than, as long as no Default or Event of Default exists, a Commercial Tort Claim for less than $50,000) and shall take such actions as Secured Party deems appropriate to subject such claim to a duly perfected, first priority Lien in excess favor of $50,000 and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting to Secured Party a Lien on and security interest in such Commercial Tort Claim..
Appears in 2 contracts
Samples: General Security Agreement, General Security Agreement (Micron Solutions Inc /De/)
Commercial Tort Claims. Each Debtor shall promptly notify the Secured Party of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 25,000 and unless otherwise consented to by the Secured Party, such Debtor shall enter into a supplement to this Agreement granting to the Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 2 contracts
Samples: Security Agreement (Kaching Kaching, Inc.), Security Agreement (Duke Mining Company, Inc.)
Commercial Tort Claims. Each If Debtor shall promptly notify Secured Party of at any time holds or acquires Commercial Tort Claim acquired by it that concerns a claim Claims in excess of $50,000 and unless otherwise consented to by Secured Party100,000 in the aggregate, such Debtor shall enter into a supplement to this Agreement granting immediately notify Secured Party in writing of the details thereof and grant to Secured Party in writing a Lien on and security interest therein or lien thereon and in such Commercial Tort Claimthe Proceeds thereof, in form and substance satisfactory to Secured Party.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Rf Monolithics Inc /De/), Pledge and Security Agreement (Rf Monolithics Inc /De/)
Commercial Tort Claims. Each The Debtor shall promptly notify the Secured Party of any Parties in writing upon incurring or otherwise obtaining a Commercial Tort Claim acquired by it that concerns a claim in excess against any third party, and upon request of $50,000 and unless otherwise consented to by the Secured PartyParties, such Debtor shall promptly enter into a supplement an amendment to this Security Agreement granting and do such other acts or things deemed appropriate by the Secured Parties to give the Secured Party Parties a Lien on and security interest in any such Commercial Tort Claim.
Appears in 2 contracts
Samples: Security Agreement (Access Pharmaceuticals Inc), Security Agreement (Sco Capital Partners LLC)
Commercial Tort Claims. Each If Debtor shall at any time hold or acquire a commercial tort claim, Debtor shall promptly notify Secured Party in a writing signed by Debtor of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 the particulars thereof and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting grant to Secured Party in such writing a Lien on and security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such Commercial Tort Claimwriting to be in form and substance satisfactory to Secured Party.
Appears in 2 contracts
Samples: Security Agreement (Utah Medical Products Inc), Security Agreement (Franklin Covey Co)
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 and and, unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting to Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 1 contract
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 100,000 and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting to Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 1 contract
Commercial Tort Claims. Each The Debtor shall promptly notify the Secured Party of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 and unless otherwise consented to by the Secured Party, such the Debtor shall enter into a supplement to this Agreement Agreement, granting to the Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 1 contract
Commercial Tort Claims. Each Debtor shall will promptly notify Secured Party of any Commercial Tort Claim acquired by it commercial tort claim with respect to any Collateral in a signed writing that concerns a gives brief details of the claim in excess of $50,000 and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting to grants Secured Party a Lien on and security interest in such Commercial Tort Claim.the claim and any proceeds, all upon the terms of this Agreement.23
Appears in 1 contract
Commercial Tort Claims. Each Debtor shall promptly notify the Secured Party of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 and and, unless otherwise consented to by the Secured Party, such Debtor shall enter into a supplement to this Agreement granting to the Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 1 contract
Samples: First Lien Security Agreement (American Petro-Hunter Inc)
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 and unless otherwise consented to by Secured PartyParty or Lender, such Debtor shall enter into a supplement to this Agreement granting to Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 1 contract
Commercial Tort Claims. Each The Debtor shall promptly notify the Secured Party of any in writing upon incurring or otherwise obtaining a Commercial Tort Claim acquired by it that concerns a claim in excess against any third party, and upon request of $50,000 and unless otherwise consented to by the Secured Party, such Debtor shall promptly enter into a supplement an amendment to this Agreement granting and do such other acts or things deemed appropriate by the Secured Party to give the Secured Party a Lien on and security interest in any such Commercial Tort Claim.
Appears in 1 contract
Commercial Tort Claims. Each Debtor The Debtors shall promptly notify the Secured Party of any in writing upon incurring or otherwise obtaining a Commercial Tort Claim acquired by it that concerns a claim in excess against any third party, and upon request of $50,000 and unless otherwise consented to by the Secured Party, such Debtor shall promptly enter into an amendment to this Agreement or a supplement to this Agreement granting the Collateral Disclosure List and do such other acts or things deemed appropriate by the Secured Party to give the Secured Party a Lien on and security interest in any such Commercial Tort Claim.
Appears in 1 contract
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party of any Commercial Tort Claim (as defined in the Uniform Commercial Code) acquired by it that concerns a claim in excess of $50,000 and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement Agreement, granting to Secured Party a Lien on and security interest in such Commercial Tort Claim.commercial tort claim. Panther Security Agreement
Appears in 1 contract
Samples: Master Reaffirmation Agreement
Commercial Tort Claims. Each Debtor Such Obligor shall promptly notify Secured Party of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 and unless otherwise consented to by Secured Party, such Debtor Obligor shall enter into a supplement to this Agreement granting to Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 1 contract
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party of any Commercial Tort Claim (as defined in the Uniform Commercial Code) acquired by it that concerns a claim in excess of $50,000 and and, unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting to Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 1 contract
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party of any Commercial Tort Claim (as defined in the Uniform Commercial Code) acquired by it that concerns a claim in excess of $50,000 100,000 and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting to Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 1 contract
Samples: Security Agreement (Infinity Inc)
Commercial Tort Claims. Each Debtor shall promptly notify Secured Party of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 20,000 and unless otherwise consented to by Secured Party, such Debtor shall enter into a supplement to this Agreement granting to Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 1 contract
Commercial Tort Claims. Each Debtor shall promptly notify the Secured Party of any Commercial Tort Claim acquired by it that concerns a claim in excess of $50,000 10,000 and unless otherwise consented to by the Secured Party, such Debtor shall enter into a supplement to this Agreement granting to the Secured Party a Lien on and security interest in such Commercial Tort Claim.
Appears in 1 contract
Commercial Tort Claims. Each The Debtor shall promptly notify the Secured Party of any in writing upon incurring or otherwise obtaining a Commercial Tort Claim acquired by it that concerns a claim in excess against any third party, and upon request of $50,000 and unless otherwise consented to by the Secured Party, such Debtor shall promptly enter into a supplement an amendment to this Security Agreement granting and do such other acts or things deemed appropriate by the Secured Party to give the Secured Party a Lien on and security interest in any such Commercial Tort Claim.
Appears in 1 contract
Samples: Security Agreement (Iwt Tesoro Corp)
Commercial Tort Claims. Each If Debtor shall now has or at any time acquires or has acquired a Commercial Tort Claim in excess of $100,000, Debtor will promptly notify Secured Party of any Commercial Tort Claim acquired by it that concerns a claim the same, in excess of $50,000 and unless otherwise consented an authenticated writing reasonably acceptable to by Secured Party, setting out the nature of such Debtor shall enter into a supplement Claim in sufficient detail to this Agreement granting identify the same, and grant to Secured Party in that writing a Lien on and security interest in such Commercial Tort Claimtherein and all Proceeds thereof, incorporating the terms of this Agreement by reference.
Appears in 1 contract
Samples: Security Agreement (Magnegas Corp)