Common use of Deposits and Property in Possession Clause in Contracts

Deposits and Property in Possession. All deposit accounts (whether general, special or otherwise) of the Debtor maintained with the Secured Party and all sums now or hereafter on deposit therein or payable thereon, and all other personal property and interests in personal property of the Debtor of any kind or description now held by the Secured Party or at any time hereafter transferred or delivered to, or coming into the possession, custody or control of, the Secured Party, or any agent or affiliate of the Secured Party, whether expressly as collateral security or for any other purpose (whether for safekeeping, custody, collection or otherwise), and all dividends and distributions on or other rights in connection with any such property, in each case whether now owned or existing or hereafter created, acquired or arising;

Appears in 4 contracts

Samples: Security Agreement (Champion Financial Corp /Md/), Security Agreement (Champion Financial Corp /Md/), Security Agreement (Champion Financial Corp /Md/)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.