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.
Appears in 1 contract
Samples: Commercial Loan and Security Agreement (Trans Lux Corp)
Continuous Security Interest. The Borrower expressly acknowledge acknowledges that the security interests interest 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, 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.
Appears in 1 contract
Continuous Security Interest. The Borrower and Lender expressly acknowledge that the security interests interest 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.
Appears in 1 contract
Samples: Loan and Security Agreement (Implant Sciences Corp)
Continuous Security Interest. The Borrower expressly acknowledge acknowledges that the security interests interest 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 advancesincurred, 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.
Appears in 1 contract
Samples: Export Credit and Security Agreement (American Science & Engineering Inc)
Continuous Security Interest. The Borrower expressly acknowledge acknowledges that the security interests interest 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.
Appears in 1 contract
Samples: Revolving Loan and Security Agreement (American Science & Engineering Inc)