Debts Secured. The security interest granted by this Patent Security Agreement shall secure the prompt payment and performance of all of the Obligors’ present and future debts, obligations, and liabilities of whatever nature to the Secured Party, including, without limitation, (a) the Note and any PIK Notes (as defined in the Note) issued or deemed to be issued pursuant to the Note, (b) all obligations of each Obligor arising from or relating to the Investment Documents, including, without limitation, this Patent Security Agreement, and (c) transactions in which the documents evidencing the indebtedness refer to this grant of security interest as providing security therefor (collectively, the “Obligations”). Each of the Obligors and the Secured Party expressly acknowledge their mutual intent that the security interest created by this Patent Security Agreement secure the prompt and indefeasible payment and performance of payment and performance of any and all Obligations without any limitation whatsoever.
Debts Secured. The security interest granted by this Agreement --------------- shall secure the following obligation, which is a full recourse obligation of the Pledgor and Diversified Product Inspections, Inc.: convertible debentures of Diversified Product Inspections, Inc. issued in favor of Secured Party in the aggregate principal amount of up to THREE HUNDRED THOUSAND DOLLARS ($300,000) (the "Debentures"), any and all renewals, extensions, replacements, modifications and amendments thereof (including any which increase the original principal amount).
Debts Secured. The security interest granted by this Agreement shall secure the following obligation, which is a full recourse obligation of ETL: (a) a convertible debenture issued by ETL in favor of Leaddog Capital L.P., dated January of 2008, in the principal amount of Eighty-five Thousand Dollars ($85,000), any and all renewals, extensions, replacements, modifications and amendments thereof (the “Debenture”).
Debts Secured. The security interest granted by this Agreement shall secure payment of Pledger's two Promissory Notes issued in favor of Pledgee, of even dxxx, xxxx in the principal amount of FIVE HUNDRED TEN THOUSAND AND NO/100 DOLLARS ($510,000.00) (collectively and individually, as the context may require, the "Note"), any and all renewals, extensions, replacements, modifications and amendments thereof (including any which increase the original principal amount).
Debts Secured. The security interest granted by this Agreement shall secure all of the Loan Parties’ present and future debts, obligations, and liabilities of whatever nature to Lender, including, without limitation, (a) all Obligations of the Loan Parties arising from or relating to the Loan Documents, including, without limitation, the Loan Agreement, the Promissory Note, the Collateral Documents, the Hedging Transaction Documents, and this Agreement, (b) transactions in which the documents evidencing the indebtedness refer to this grant of security interest as providing security therefor, and (c) all overdrafts on any account of any Loan Party maintained with Lender, now existing or hereafter arising. Pledgor and Lender expressly acknowledge their mutual intent that the security interests created by this Agreement secure any and all present and future debts, obligations, and liabilities of the Loan Parties to Lender without any limitation whatsoever, and that Pledgor and the Loan Parties will each benefit from the transactions contemplated by the Loan Documents.
Debts Secured. The security interest granted by this Agreement shall secure all of Guarantor’s present and future debts, obligations, and liabilities of whatever nature to Lender, including, without limitation, (a) the Guarantee and all renewals, extensions, modifications and replacements thereof, (b) all obligations of Guarantor arising from or relating to the Loan Documents, including, without limitation, this Agreement, (c) advances of the same kind and quality or relating to this transaction, (d) transactions in which the documents evidencing the indebtedness refer to this grant of security interest as providing security therefor, (e) all overdrafts on any account of Guarantor maintained with Lender, now existing or hereafter arising, and (f) the Equipment Line. Guarantor and Lender expressly acknowledge their mutual intent that the security interests created by this Agreement secure any and all present and future debts, obligations, and liabilities of Guarantor to Lender without any limitation whatsoever.
Debts Secured. The security interest granted by this Security Agreement shall secure all of Borrower’s present and future debts, obligations, and liabilities of whatever nature to Lender, including, without limitation, (a) the Promissory Note (Accounts Receivable Financing) of Borrower in favor of Lender dated August 17, 2009, in the original principal amount of one million five hundred thousand dollars ($1,500,0000), and all renewals, extensions, modifications and replacements thereof (including any which increase the original principal amount), (b) the Promissory Note (Inventory Financing) of Borrower in favor of Lender dated August 17, 2009, in the original principal amount of five hundred thousand dollars ($500,0000), and all renewals, extensions, modifications and replacements thereof (including any which increase the original principal amount), (c) all obligations of Borrower arising from or relating to the Loan Documents, including, without limitation, this Security Agreement, (d) advances of the same kind and quality or relating to this transaction, and (e) transactions singed by Borrower in which the documents evidencing the indebtedness refer to this grant of security interest as providing security therefor. Borrower and Lender expressly acknowledge their mutual intent that the security interests created by this Security Agreement secure any and all present and future debts, obligations, and liabilities of Borrower to Lender without any limitation whatsoever.
Debts Secured. The security interest granted by this Agreement shall secure the following obligation, which is a full recourse obligation to the Borrower: Convertible debentures of Newriders, Inc. issued pursuant to Rule 506 of Regulation D, in favor of Secured Party dated May ___, 1998, in the principal amount of not more than One Million Five Hundred Thousand Dollars ($1,500,000) (the "Loan Agreement"), any and all renewals, extensions, replacements, modifications and amendments thereof (including any which increase the original principal amount).
Debts Secured. The security interest granted by this Agreement shall secure all of Pledgor’s present and future debts, obligations, and liabilities of whatever nature to Lender or Collateral Agent, including, without limitation, the Obligations.
Debts Secured. The security interest granted by this Security Agreement shall secure all of Borrower’s Obligations. Borrower and Administrative Agent expressly acknowledge their mutual intent that the security interest created by this Security Agreement secure any and all present and future debts, obligations, and liabilities of Borrower to Administrative Agent under the Notes, without any limitation whatsoever.
