Common use of DEFINITION OF PLEDGED COLLATERAL Clause in Contracts

DEFINITION OF PLEDGED COLLATERAL. For the purpose of securing prompt and complete payment and performance by the Company of all of the Obligations, the Company unconditionally and irrevocably hereby grants to the Secured Party a continuing security interest in and to, and lien upon, all of the Company’s assets and all of the assets of the Company’s subsidiaries which are held by either as of the date of the Agreement to which this Exhibit is attached, including specifically the following Pledged Collateral of the Company and its subsidiaries:

Appears in 2 contracts

Samples: Security Agreement (Platina Energy Group Inc.), Security Agreement (Platina Energy Group Inc.)

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DEFINITION OF PLEDGED COLLATERAL. For the purpose of securing prompt and complete payment and performance by the Company of all of the Obligations, the Company unconditionally and irrevocably hereby grants to the Secured Party a continuing security interest in and to, and lien upon, all of the three xxxxx specified below in the Company’s assets and all of the assets of the Company’s subsidiaries which are held by either as of the date of the Agreement to which this Exhibit is attached, including specifically the following Pledged Collateral of the Company and its subsidiaries:Xxxx Xxxxxxxx gas field subsidiary.

Appears in 1 contract

Samples: Security Agreement (Vortex Resources Corp.)

DEFINITION OF PLEDGED COLLATERAL. For the purpose of securing prompt and complete payment and performance by the Company of all of the Obligations, the Company unconditionally and irrevocably hereby grants to the Secured Party a continuing security interest in and to, and lien upon, all of the Company’s assets and all of the assets of the Company’s subsidiaries Company and of any company acquired by the Company which are held results in funding being provided to the Company by either as of the date of Buyers under the Agreement to which this Exhibit is attachedSecurities Purchase Agreement, including specifically the following Pledged Collateral pledged collateral of the Company and its subsidiaries:any such acquired company(ies):

Appears in 1 contract

Samples: Security Agreement (Buckeye Ventures, Inc.)

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DEFINITION OF PLEDGED COLLATERAL. For the purpose of securing prompt and complete payment and performance by the Company of all of the Obligations, the Company unconditionally and irrevocably hereby grants to the Secured Party a continuing security interest in and to, and lien upon, all of the Company’s assets and all of the assets of the Company’s subsidiaries which are held by either as of the date of the Agreement to which this Exhibit is attachedsubsidiaries, including specifically the following Pledged Collateral of the Company and its subsidiaries:

Appears in 1 contract

Samples: Securities Purchase Agreement (Planetlink Communications Inc)

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