Common use of Enforceability of Collateral Clause in Contracts

Enforceability of Collateral. The Collateral is enforceable in accordance with its terms, is genuine, and complies with applicable laws concerning form, content and manner of preparation and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 2 contracts

Samples: Security Agreement (Espre Solutions Inc), Commercial Security Agreement (Ricex Co)

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Enforceability of Collateral. The With respect to the Accounts and to the best knowledge of the Debtor, the Collateral is enforceable in accordance with its terms, is genuine, and complies in all material respects with applicable laws concerning form, content and manner of preparation and execution, and and, to the best of the knowledge of the Debtor, all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Security Agreement (General Magic Inc)

Enforceability of Collateral. The To the extent the Collateral consists of Notes, Instruments and/or Chattel Paper, the Collateral is enforceable in accordance with its terms, is genuine, and complies with applicable laws concerning formfrom, content and manner of preparation preparatino and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Loan Agreement (Midsouth Bancorp Inc)

Enforceability of Collateral. The To the extent the Collateral is consists of accounts, chattel paper, or general Intangibles, the Collateral Is enforceable in In accordance with its terms, is genuine, and complies compiles with applicable laws concerning form, content and manner of preparation and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in In fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Boatracs Inc /Ca/)

Enforceability of Collateral. The Collateral is enforceable in accordance with its terms, is its genuine, and complies with applicable laws concerning form, content and manner of preparation and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Security Agreement (Espre Solutions Inc)

Enforceability of Collateral. The To the extent the Collateral consists of accounts, chattel paper, or general intangibles, the Collateral is enforceable in accordance with its terms, is genuine, and complies with applicable laws concerning form, form content and manner of preparation and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Klein Engines & Competition Components Inc)

Enforceability of Collateral. The With respect to the Accounts, the Collateral is enforceable in accordance with its terms, is genuine, and complies in all material respects with applicable laws concerning form, content and manner of preparation and execution, and and, to the best the knowledge of the Grantor, all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Security Agreement (Zymetx Inc)

Enforceability of Collateral. The To the extent the Collateral consists of accounts, the Collateral is enforceable in accordance with its terms, is genuine, and complies with applicable laws concerning form, content and manner of preparation and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Tufco Technologies Inc)

Enforceability of Collateral. The To the extent the Collateral consists of accounts, chattel paper, or general intangibles, the Collateral is enforceable in accordance with its terms, is its genuine, and complies with applicable laws concerning form, content and manner of preparation and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Balance Bar Co)

Enforceability of Collateral. The To the extent the Collateral consists of accounts, chattel paper, or general intangibles, the Collateral is enforceable in accordance with its terms, is genuine, and complies with applicable laws concerning formloan, content and manner of preparation and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact tact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Business Loan Agreement (Solopoint Inc)

Enforceability of Collateral. The To the extent the Collateral consists of accounts, chattel paper, or general intangibles, the Collateral is enforceable in accordance with its terms, is genuine, and complies with applicable laws concerning form, content and manner of preparation and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact are obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Security Agreement (Rdo Equipment Co)

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Enforceability of Collateral. The To the extent the Collateral consists of accounts, chattel paper, or general intangibles, the Collateral is enforceable in accordance with its terms, is genuine, and complies with applicable laws concerning form, content and manner of preparation and execution, and all persons appearing appeanng to be obligated on the Collateral have authority authonty and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Colonial Downs Holdings Inc)

Enforceability of Collateral. The With respect to the Accounts, the Collateral is enforceable in accordance with its terms, is genuine, and complies in all material respects with applicable laws concerning form, content and manner of preparation and execution, and and, to the best of the knowledge of the Debtors, all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Security Agreement (Constellation 3d Inc)

Enforceability of Collateral. The To the extent the Collateral consists of accounts, contract rights, chattel paper, or general intangibles, the Collateral is enforceable in accordance with its terms, is genuine, and complies with applicable laws concerning form, content and manner of preparation and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Steelcloud Inc)

Enforceability of Collateral. The To the extent the Collateral consists of accounts, instruments, documents, chattel paper, letter-of-credit rights, letters of credit or general intangibles, the Collateral is enforceable in accordance with its terms, is genuine, and complies with applicable laws concerning form, content and manner of preparation and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Security Agreement (Acceris Communications Inc)

Enforceability of Collateral. The To the extent the Collateral is consists of accounts, chattel paper, or general Intangibles, the Collateral Is enforceable in accordance with its Its terms, is Is genuine, and complies compiles with applicable laws concerning form, content and manner of preparation and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in In fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Commercial Security Agreement (Boatracs Inc /Ca/)

Enforceability of Collateral. The To the extent the Collateral consists of accounts, chattel paper, or general intangibles, tha Collateral is enforceable in accordance with its terms, is genuine, and complies with applicable laws concerning form, content and manner of preparation and execution, and all persons appearing to be obligated on the Collateral have authority and capacity to contract and are in fact obligated as they appear to be on the Collateral.

Appears in 1 contract

Samples: Corporate Resolution to Borrow (Arc Communications Inc)

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