Continuous Security Interest Sample Clauses

Continuous Security Interest. The Borrower expressly acknowledge that the security interests granted under the Existing Loan Agreement and remade hereunder shall remain as security for payment and performance of the Obligations, whether now existing or which may hereafter be incurred by future advances, or otherwise. The notice of the continuing grant of this security interest therefore shall not be required to be stated on the face of any document representing any such Obligations, nor otherwise identify it as being secured hereby.
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Continuous Security Interest. Pledgor hereby agrees that until payment of principal, interest, and all other sums owing pursuant to the Note in accordance with the terms thereof and performance in full of all of the Obligations and the covenants, conditions and agreements to Pledgor hereunder, all rights, powers and remedies grated to BELL hereunder shall continux xx exist and may be exercised by BELL.
Continuous Security Interest. Debtor agrees that until Debtor has paid in full all obligations of Debtor under the Transaction, or until termination of this Security Agreement by the Secured Party, all rights, powers and remedies granted to the Secured Party hereunder shall continue to and may be exercised by Secured Party at any time, and from time to time, as long as the Security Interest is still in effect.
Continuous Security Interest. DxXxxxxx hereby agrees that, until performance in full of all of the Obligations (as defined herein), and the covenants, conditions and agreements of DxXxxxxx hereunder, all rights, powers and remedies granted to Seller hereunder shall continue to exist and may be exercised by Seller at any time and from time to time.
Continuous Security Interest. The Principals hereby agree that, until performance in full of all the Principals' obligations under the Note and this Pledge Agreement, all rights, powers and remedies granted to iNTELEFILM hereunder shall continue to exist and may be exercised by iNTELEFILM at any time and from time to time, irrespective of the fact that payment of any amount owing on account of the Note or otherwise may have become barred by any statute of limitations, the Principals hereby waiving the right to plead any statute of limitations to the full extent permitted by law.
Continuous Security Interest. Pledgor hereby agrees that, until payment of principal, interest, and all other sums owing pursuant to the Note in accordance with the terms thereof and performance in full of all of the Obligations and the covenants, conditions and agreements to Pledgor hereunder, all rights, powers and remedies granted to BSI hereunder shall continue to exist and may be exercised by BSI.
Continuous Security Interest. The Executive hereby agrees that, until ---------------------------- performance in full of all the Executive's obligations under the Executive Note and this Pledge Agreement, all rights, powers and remedies granted to the Company hereunder shall continue to exist and may be exercised by the Company at any time and from time to time, irrespective of the fact that payment of any amount owing on account of the Executive Note or otherwise may have become barred by any statute of limitations, the Executive hereby waiving the right to plead any statute of limitations to the full extent permitted by law.
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Continuous Security Interest. Pledgor hereby agrees that, until performance in full of all the Obligations, all rights, powers and remedies granted to Pledgee hereunder shall continue to exist and may be exercised by Pledgee at any time and from time to time, irrespective of the fact that payment of any amount owing on account of the Note or otherwise may have become barred by any statute of limitations, Pledgor hereby waiving the right to plead any statute of limitations to the full extent permitted by law.

Related to Continuous Security Interest

  • Perfected Security Interest On the Closing Date, after giving effect to the filing of the FAA Filed Documents and the Financing Statements, Mortgagee shall have received a duly perfected first priority security interest in all of Owner's right, title and interest in the Aircraft, subject only to Permitted Liens.

  • Valid Security Interest This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of the Issuer, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and purchasers from the Depositor.

  • Grant of a Security Interest It is the express intent of the parties hereto that the conveyance of the Mortgage Loans by the Seller to the Purchaser as provided in Section 2 hereof be, and be construed as, a sale of the Mortgage Loans by the Seller to the Purchaser and not as a pledge of the Mortgage Loans by the Seller to the Purchaser to secure a debt or other obligation of the Seller. However, if, notwithstanding the aforementioned intent of the parties, the Mortgage Loans are held to be property of the Seller, then, (a) it is the express intent of the parties that such conveyance be deemed a pledge of the Mortgage Loans by the Seller to the Purchaser to secure a debt or other obligation of the Seller, and (b) (i) this Agreement shall also be deemed to be a security agreement within the meaning of Article 9 of the Uniform Commercial Code of the applicable jurisdiction; (ii) the conveyance provided for in Section 2 hereof shall be deemed to be a grant by the Seller to the Purchaser of a security interest in all of the Seller's right, title and interest in and to the Mortgage Loans, and all amounts payable to the holder of the Mortgage Loans in accordance with the terms thereof, and all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including, without limitation, all amounts, other than investment earnings, from time to time held or invested in the Certificate Account, the Distribution Account or, if established, the REO Account (each as defined in the Pooling and Servicing Agreement) whether in the form of cash, instruments, securities or other property; (iii) the assignment to the Trustee of the interest of the Purchaser as contemplated by Section 1 hereof shall be deemed to be an assignment of any security interest created hereunder; (iv) the possession by the Trustee or any of its agents, including, without limitation, the Custodian, of the Mortgage Notes, and such other items of property as constitute instruments, money, negotiable documents or chattel paper shall be deemed to be possession by the secured party for purposes of perfecting the security interest pursuant to Section 9-313 of the Uniform Commercial Code of the applicable jurisdiction; and (v) notifications to persons (other than the Trustee) holding such property, and acknowledgments, receipts or confirmations from persons (other than the Trustee) holding such property, shall be deemed notifications to, or acknowledgments, receipts or confirmations from, financial intermediaries, bailees or agents (as applicable) of the secured party for the purpose of perfecting such security interest under applicable law. The Seller and the Purchaser shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Mortgage Loans, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement and the Pooling and Servicing Agreement.

  • Perfected Security Interests The Collateral Documents, taken as a whole, are effective to create in favor of the Collateral Trustee, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all of the Collateral to the extent purported to be created thereby, subject as to enforceability to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. With respect to the Collateral as of the Closing Date, at such time as (a) financing statements in appropriate form are filed in the appropriate offices (and the appropriate fees are paid) and (b) the execution of the Account Control Agreements, the Collateral Trustee, for the benefit of the Secured Parties, shall have a first priority perfected security interest and/or mortgage (or comparable Lien) in all of such Collateral to the extent that the Liens on such Collateral may be perfected upon the filings, registrations or recordations or upon the taking of the actions described in clauses (a) and (b) above, subject in each case only to Permitted Liens, and such security interest is entitled to the benefits, rights and protections afforded under the Collateral Documents applicable thereto (subject to the qualification set forth in the first sentence of this Section 3.15).

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

  • No Pledge or Security Interest The purpose of the Company’s retention of Executive’s certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

  • First Priority Security Interest The Administrative Agent, for the benefit of the Lenders, has a first priority perfected security interest in the collateral pledged by the Borrower pursuant to the Security Agreement.

  • Grant of General Security Interest in Collateral 3.1 As security for the Obligations of Debtor, Debtor hereby grants the Collateral Agent, for the benefit of the Lenders, a security interest in the Collateral.

  • Legal validity; effective Security Interests The Finance Documents to which the Borrower is a party, do now or, as the case may be, will, upon execution and delivery (and, where applicable, registration as provided for in the Finance Documents):

  • Collateral; Security Interest (a) Pursuant to the Custodial Agreement, the Custodian shall hold the Mortgage Loan Documents as exclusive bailee and agent for the Lender pursuant to terms of the Custodial Agreement and shall deliver to the Lender Trust Receipts (as defined in the Custodial Agreement) each to the effect that it has reviewed such Mortgage Loan Documents in the manner and to the extent required by the Custodial Agreement and identifying any deficiencies in such Mortgage Loan Documents as so reviewed.

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