Common use of Composition of the Collateral Clause in Contracts

Composition of the Collateral. The property in which a security interest is, or is intended to be, granted pursuant to this Agreement, the Security Agreement, or any other Loan Document and the provisions of Section 5.2 is herein collectively called the "Collateral." The Collateral, together with all the Borrower's other property of any kind held by the Bank, shall stand as one general, continuing collateral security for all of the Obligations, and may be retained by the Bank until all Obligations have been satisfied in full, and the Revolving Credit Facility has terminated.

Appears in 1 contract

Samples: Revolving Credit Agreement (August Technology Corp)

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Composition of the Collateral. The property in which a security interest is, or is intended to be, granted pursuant to this Agreement, the May Security Agreement, or any other Loan Document and the provisions of Section 5.2 is herein collectively called the "Collateral." The Collateral, together with all the Borrower's ’s other property of any kind held by the BankLender, shall stand as one general, continuing collateral security for all of the Obligations, and may be retained by the Bank Lender until all Obligations have been satisfied in full, and the Revolving Credit Facility has terminated.

Appears in 1 contract

Samples: Credit Agreement (Medicalcv Inc)

Composition of the Collateral. The property in which a security interest is, or is intended to be, granted pursuant to this Agreement, the Security Agreement, Agreement or any other Loan Document or other agreement and the provisions of Section 5.2 is herein collectively called the "Collateral." The Collateral, together with all the Borrower's ’s other property of any kind held by the BankLender, shall stand as one general, continuing collateral security for all of the Obligations, and may be retained by the Bank Lender until all Obligations have been satisfied in full, and the Revolving Credit Discretionary Facility has terminated.

Appears in 1 contract

Samples: Credit Agreement (Medicalcv Inc)

Composition of the Collateral. The property in which a security interest is, or is intended to be, granted pursuant to this Agreement, the Security Agreement, the Assignment of Life Insurance , the Pledge Agreement, or any other Loan Document and the provisions of Section 5.2 is herein collectively called the "Collateral." The Collateral, together with all the Borrower's other property of any kind held by the Bank, shall stand as one general, continuing collateral security for all of the Obligations, and may be retained by the Bank until all Obligations have been satisfied in full, and the Revolving Credit Facility Commitment has terminated.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Aura Systems Inc)

Composition of the Collateral. The property in which a security interest is, or is intended to be, granted pursuant to this Agreement, the Security Agreement, the Mortgage or any other Loan Document and the provisions of Section 5.2 is herein collectively called the "Collateral." The Collateral, together with all the Borrower's ’s other property of any kind held by the BankLender, shall stand as one general, continuing collateral security for all of the Obligations, and may be retained by the Bank Lender until all Obligations have been satisfied in full, and the Revolving Credit Discretionary Facility has terminated.

Appears in 1 contract

Samples: Discretionary Credit Agreement (Medicalcv Inc)

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Composition of the Collateral. The property in which a security interest is, or is intended to be, granted pursuant to this Agreement, the Security Agreement, Agreement or any other Loan Document and the provisions of Section 5.2 is herein collectively called the "Collateral." The Collateral, together with all the Borrower's ’s other property of any kind held by the Bank, shall stand as one general, continuing collateral security for all of the Obligations, and may be retained by the Bank until all Obligations have been satisfied in full, and the Revolving Credit Facility has terminated.

Appears in 1 contract

Samples: Credit Agreement (Access Integrated Technologies Inc)

Composition of the Collateral. The property in which a security interest is, or is intended to be, granted pursuant to this Agreement, the Security Agreement, or any other Loan Document and the provisions of Section 5.2 is herein collectively called the "Collateral." The Collateral, together with all the Borrower's ’s other property of any kind held by the Bank, shall stand as one general, continuing collateral security for all of the Obligations, and may be retained by the Bank until all Obligations have been indefeasibly satisfied in full, and the Revolving Credit Facility has terminated.

Appears in 1 contract

Samples: Credit Agreement (Vascular Solutions Inc)

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