Common use of Cumulative Security Clause in Contracts

Cumulative Security. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the Secured Obligations. No security taken hereafter as security for the Secured Obligations shall impair in any manner or affect this Security Agreement. All such present and future additional security is to be considered as cumulative security.

Appears in 14 contracts

Samples: Security Agreement (Allied Corp.), Security Agreement (Allied Corp.), Security Agreement (Allied Corp.)

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Cumulative Security. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the Secured payment of the Obligations. No security taken hereafter as security for payment of all or any portion of the Secured Obligations shall impair in any manner or affect this Security Agreement. All such present and future additional security is to be considered as cumulative security.

Appears in 4 contracts

Samples: Security Agreement (Primeenergy Corp), Credit Agreement (Middle Bay Oil Co Inc), Security Agreement (Edge Petroleum Corp)

Cumulative Security. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the payment of the Secured Obligations. No security taken hereafter as security for payment of the Secured Obligations shall impair in any manner or affect this Security Agreement. All such present and future additional security is to be considered as cumulative security.

Appears in 2 contracts

Samples: Security Agreement (Vincera, Inc.), Security Agreement (Vincera, Inc.)

Cumulative Security. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the Secured ObligationsIndebtedness. No security taken hereafter as security for the Secured Obligations Indebtedness shall impair in any manner or affect this Security Agreement. All such present now existing security and future hereafter arising or acquired additional security is to be considered as cumulative security.

Appears in 1 contract

Samples: Security Agreement (AMERICAN EAGLE ENERGY Corp)

Cumulative Security. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the Secured Obligations. No security taken hereafter as security for the Secured Obligations shall impair in any manner or affect this Security Agreement. All such present and future additional security is to be considered as cumulative security.

Appears in 1 contract

Samples: Security Agreement (Varitek Industries Inc)

Cumulative Security. The execution and delivery of this Security Agreement shall in no manner shall impair or affect any other security (by endorsement or otherwise) hereto­fore or hereafter existing for the Secured Obligations. No security taken hereafter as security for the Secured Obligations shall impair in any manner or affect this Security Agreement. All such present and future additional security is to be considered as cumulative security.

Appears in 1 contract

Samples: Pledge Agreement (Reo Plus, Inc.)

Cumulative Security. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security by (by endorsement or otherwise) for the Secured payment of the Obligations. No security taken hereafter as security for payment of the Secured Obligations shall impair in any manner or affect this Security Agreement. All such present and future additional security is to be considered as cumulative security.

Appears in 1 contract

Samples: Security Agreement (Watermarc Food Management Co)

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Cumulative Security. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the Secured Subordinated Obligations. No security taken hereafter as security for the Secured Subordinated Obligations shall impair in any manner or affect this Security Agreement. All such present and future additional security is to be considered as cumulative security.

Appears in 1 contract

Samples: Asset Purchase Agreement (Uti Energy Corp)

Cumulative Security. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the Secured payment of the Obligations. No security taken hereafter as security for payment of the Secured Obligations shall impair in any manner or affect this Security Agreement. All such Such present and future additional security is to be considered as cumulative security.

Appears in 1 contract

Samples: Stock Pledge Agreement (Miravant Medical Technologies)

Cumulative Security. The execution and delivery of this Security -------------------- Agreement shall in no manner shall impair or affect any other security (by endorsement or otherwise) heretofore or hereafter existing for the Secured Obligations. No security taken hereafter as security for the Secured Obligations shall impair in any manner or affect this Security Agreement. All such present and future additional security is to be considered as cumulative security.

Appears in 1 contract

Samples: Security Agreement (Colony Energy, Inc.)

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