Common use of Execution by Secured Party Clause in Contracts

Execution by Secured Party. This Agreement shall take effect immediately upon execution by the Debtor and the execution hereof by the Secured Party shall not be required as a condition to the effectiveness of this Security Agreement The Provision for execution by the Secured Party is solely for the purpose of filing this Security Agreement to the extent required or permitted by law.

Appears in 1 contract

Samples: Loan Agreement (Radiant Energy Corp)

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Execution by Secured Party. This Security Agreement shall take effect immediately upon execution by the Debtor and the execution hereof by the Secured Party Parties shall not be required as a condition to the effectiveness its effectiveness. The provision for execution of this Security Agreement The Provision for execution by the Secured Party Parties is solely only for the purpose purposes of filing this Security Agreement to as a financing statement under the extent applicable law, if such execution is required or permitted by lawfor purposes of such filing.

Appears in 1 contract

Samples: Security Agreement (Cadista Holdings Inc.)

Execution by Secured Party. This Agreement shall take effect immediately upon execution by the Debtor and the execution hereof by the Secured Party shall not be required as a condition to the effectiveness of this Security Agreement Agreement. The Provision provision for execution by the Secured Party is solely for the purpose of filing this Security Agreement to the extent required or permitted by law.

Appears in 1 contract

Samples: Security Agreement (Optical Cable Corp)

Execution by Secured Party. This Agreement shall take effect immediately upon execution by the Debtor Debtor, and the execution hereof by the Secured Party shall not be required as a condition to the effectiveness of this Security Agreement Agreement. The Provision provision for execution of this Agreement by the Secured Party is solely only for the purpose purposes of filing this Agreement as a Security Agreement to under the extent Uniform Commercial Code, if execution hereof by the Secured Party is required or permitted by lawfor purposes of such filing.

Appears in 1 contract

Samples: Security Agreement (Enlightened Gourmet, Inc.)

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Execution by Secured Party. This Agreement shall take effect immediately upon execution by the Debtor and the execution hereof by the Secured Party shall not be required as a condition to the effectiveness of this Security Agreement Agreement. The Provision provision for execution by the Secured Party is solely for the purpose of filing this Security Agreement to the extent required or permitted by law.

Appears in 1 contract

Samples: Patent Purchase Agreement (Sunshine Biopharma, Inc)

Execution by Secured Party. This Security Agreement shall take effect immediately upon execution by the Debtor and the execution hereof by the Secured Party shall not be required as a condition to the effectiveness its effectiveness. The provision for execution of this Security Agreement The Provision for execution by the Secured Party is solely only for the purpose purposes of filing this Security Agreement to as a financing statement under the extent applicable law, if such execution is required or permitted by lawfor purposes of such filing.

Appears in 1 contract

Samples: Security Agreement (Cadista Holdings Inc.)

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