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, 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 Commitment has terminated.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Aura Systems 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, the Assignment of Life Insurance , the Pledge Agreement, or any other Loan Document and the provisions of Section Sections 5.2 and 5.3 hereof or pursuant to the provisions of any Security Document is herein collectively called the "Collateral." The Collateral, together with Collateral and all the of each Borrower's other property of any kind held by the BankLender, shall stand as one general, continuing collateral security for all of the Obligations, Obligations and may be retained by the Bank Lender until all Obligations have been satisfied in full, full and the Commitment Lender's commitment to lend under this Agreement has been terminated.

Appears in 1 contract

Samples: Revolving and Term Loan Agreement (Cavalier Homes 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 ’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 Commitment Revolving Credit Facility has terminated.

Appears in 1 contract

Samples: Credit Agreement (Vascular Solutions 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, 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 Commitment 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, the Assignment of Life Insurance , the Pledge 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 Commitment Discretionary Facility has terminated.

Appears in 1 contract

Samples: February 2005 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 Sections 5.2 and 5.3 hereof or pursuant to the provisions of any Security Document is herein collectively called the "Collateral." The Collateral, together with Collateral and all the of each Borrower's other property of any kind held by the BankLender, shall stand as one general, continuing collateral security for all of the Obligations, Obligations and may be retained by the Bank Lender until all Obligations have been satisfied in full, full and the Commitment Lender's commitment to lend under this Agreement has been terminated.. 5.2

Appears in 1 contract

Samples: And Term Loan Agreement (Cavalier Homes 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, 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 Commitment Revolving Credit Facility has terminated.

Appears in 1 contract

Samples: Revolving Credit Agreement (August Technology Corp)

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, 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 Commitment Discretionary Facility has terminated.

Appears in 1 contract

Samples: Discretionary 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 May 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 ’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 Commitment Facility has terminated.

Appears in 1 contract

Samples: October 2004 Credit Agreement (Medicalcv Inc)

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