Common use of DESCRIPTION OF COLLATERAL AND GUARANTIES Clause in Contracts

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness is secured by the Collateral as described in the Loan Agreement. Additionally, Borrower has agreed with Bank not to mortgage, pledge, hypothecate or otherwise encumber its Intellectual Property, pursuant to a Negative Pledge Agreement dated October 15, 1998. Hereinafter, the above-described security documents and guaranties, together with all other documents securing repayment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness is ---------------------------------------- secured by the Collateral as described in the Loan Agreement. Additionally, Borrower has agreed with Bank not to mortgage, pledge, hypothecate hypothecate, or otherwise encumber any of its Intellectual Property, pursuant to a Negative Pledge Agreement dated October 15, 1998Agreement. Hereinafter, the above-described security documents and guaranties, together with all other documents securing repayment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness is secured by the Collateral as described in the Loan Agreement. Agreement Additionally, Borrower has agreed with Bank not to mortgage, pledge, hypothecate hypothecate, or otherwise encumber any of its Intellectual Property, pursuant to a Negative Pledge Agreement dated October 15March 20, 1998. Hereinafter, the above-described security documents and guaranties, together with all other documents securing repayment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness is secured by the Collateral as described in the Loan Agreement. Additionally, Borrower has agreed with Bank not to mortgage, pledge, hypothecate hypothecate, or otherwise encumber any of its Intellectual Property, pursuant to a Negative Pledge Agreement dated October 15September 9, 19981999. Hereinafter, the above-described security documents and guaranties, together with all other documents securing repayment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness is ---------------------------------------- secured by the Collateral as described in the Loan Agreement. AdditionallyIn addition, Borrower has agreed with Bank not to mortgage, pledge, hypothecate or otherwise encumber any of its Intellectual Property, intellectual property pursuant to a that certain Negative Pledge Agreement dated October 15December 30, 19981997. Hereinafter, the above-described security documents and guaranties, together with all other documents securing repayment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness is secured by the Collateral as described in the Loan Agreement. Additionally, Borrower has agreed with Bank not to mortgage, pledge, hypothecate hypothecate, or otherwise encumber any of its Intellectual Property, pursuant to a Negative Pledge Agreement dated October 15March 20, 1998. Hereinafter, the above-described security documents and guaranties, together with all other documents securing repayment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness is secured by the Collateral as described in the Loan a Commercial Security Agreement, dated March 6, 1995. Additionally, and in connection with the repayment of the Indebtedness, Borrower has agreed with Bank Lender not to mortgage, pledge, hypothecate or otherwise further encumber any of its Intellectual Propertyintellectual property, pursuant to a Negative Pledge Agreement dated October 15March 6, 19981995. Hereinafter, the above-described security documents and guaranties, together with all other documents securing repayment payment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness Term Notes is secured by a Commercial Security Agreement, dated August 15, 1994. In addition to the Collateral as described in the Loan Agreement. Additionallyforegoing, Borrower has agreed with Bank not to sell, transfer, assign, mortgage, pledge, hypothecate lease, grant a security interest in, or otherwise encumber its any of Borrower's Intellectual Property, pursuant to a Negative Pledge Agreement dated October 15, 1998. Hereinafter, the above-described security documents and guarantiesdocuments, together with all other documents securing repayment payment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness is secured by a Commercial Security Agreement, dated August 15, 1994. In addition to the Collateral as described in the Loan Agreement. Additionallyforegoing, Borrower has agreed with Bank not to sell, transfer, assign, mortgage, pledge, hypothecate lease, grant a security interest in, or otherwise encumber its any of Borrower's Intellectual Property, pursuant to a Negative Pledge Agreement dated October 15, 1998. Hereinafter, the above-described security documents and guarantiesdocuments, together with all other documents securing repayment payment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness is secured by the Collateral as described in the Loan Agreement. AdditionallyIn addition, Borrower has agreed with Bank not to mortgagepledge any of its Patents, pledge, hypothecate or otherwise encumber its Intellectual PropertyCopyrights and Trademarks to a third party, pursuant to a Negative Pledge Agreement Agreement, dated October 15August 22, 19981997, by and between Borrower and Bank. Hereinafter, the above-described security documents and guaranties, together with all other documents securing repayment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".