Cross-Collateral. Buyer grants to Seller and any assignee of Seller a security interest in the Collateral to secure the payment and performance of all absolute and all contingent obligations and liabilities of Buyer to Seller or to such assignee of Seller, now existing or hereafter arising, whether under this Contract or any other agreement and whether due directly or by assignment; provided, however, upon any assignment of the Contract by Seller, the assignee shall be deemed, for the purpose of this paragraph, the only party with a security interest in the Collateral.
Appears in 4 contracts
Samples: Paccar Security Agreement (Boyd Bros Transportation Inc), 3 Security Agreement (Boyd Bros Transportation Inc), Paccar Financial Logo (Boyd Bros Transportation Inc)
Cross-Collateral. Buyer grants to Seller and any assignee of Seller a security interest in the Collateral to secure the payment and performance of all absolute and all contingent obligations and liabilities of Buyer to Seller or to such assignee of Seller, now existing or hereafter arising, whether under this Contract or any other agreement and whether due directly or by assignment; provided, however, upon any assignment of the Contract by Seller, the assignee shall be deemed, for the purpose of this paragraph, the only party with a security interest in the Collateral. 17.
Appears in 1 contract
Samples: Paccar Financial Security Agreement (Sports Resorts International Inc)
