Confirmation of Collateral. Each Borrower covenants, confirms and agrees that as security for the repayment of the Obligations, Bank has, and shall continue to have, and is hereby granted a continuing lien on and security interest in the Collateral (including the Xxxxx Xxxxxx Securities), all whether now owned or hereafter acquired, created or arising, including all proceeds thereof. Each Borrower acknowledges and agrees that nothing herein contained in any way impairs Bank’s existing rights and priority in the Collateral.
Appears in 3 contracts
Samples: Loan and Security Agreement (Emerson Radio Corp), Loan and Security Agreement (Emerson Radio Corp), Loan and Security Agreement (Emerson Radio Corp)
Confirmation of Collateral. Each Borrower covenants, confirms and agrees that as security for the repayment of the Obligations, Bank has, and shall continue to have, and is hereby granted a continuing lien on and security interest in the Collateral (including the Xxxxx Xxxxxx Securities)Collateral, all whether now owned or hereafter acquired, created or arising, including all proceeds thereof. Each Borrower acknowledges and agrees that nothing herein contained in any way impairs Bank’s existing rights and priority in the Collateral.
Appears in 3 contracts
Samples: Loan and Security Agreement (Ic Isaacs & Co Inc), Loan and Security Agreement (Ic Isaacs & Co Inc), Loan and Security Agreement (Ic Isaacs & Co Inc)
Confirmation of Collateral. Each Borrower covenants, confirms and agrees that as security for the repayment of the Obligations, Bank has, and shall continue to have, and is hereby granted a continuing lien on and security interest in the Collateral (including the Xxxxx Xxxxxx Securities)Collateral, all whether now owned or hereafter acquired, created or arising, including all proceeds thereof. Each Borrower acknowledges and agrees that nothing herein contained in any way impairs Bank’s 's existing rights and priority in the Collateral.
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