Definition of Collateral. For the purpose of securing prompt and complete payment and performance by the Grantors of all of the Obligations, each Grantor unconditionally and irrevocably hereby grants to the Secured Party a continuing security interest in and to, and lien upon, the following “Collateral” of the Grantors (all capitalized terms used herein and not defined in the Agreement shall have the respective meanings ascribed thereto in the UCC):
Appears in 5 contracts
Samples: Security Agreement (Medbox, Inc.), Security Agreement (Carbonics Capital Corp), Security Agreement (SpeechSwitch, Inc.)
