Common use of Existing Security Interests Clause in Contracts

Existing Security Interests. The security interests granted herein are intended to be supplemental to, and not in limitation of, any existing security interests granted to the Secured Party to secure the Obligations, whether under the Prior Debt Documents or otherwise. All such existing security interests, and any rights of the Secured Party in connection therewith, shall remain in full force and effect in accordance with their respective terms, provided, however, that in the event of a conflict between the terms of this Agreement and of any such prior security interests, or the documents evidencing the same, the terms of this Agreement shall control.

Appears in 3 contracts

Samples: Security Agreement (TXP Corp), Security Agreement (Neomedia Technologies Inc), Global Security Agreement (Mobilepro Corp)

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Existing Security Interests. The security interests granted herein are intended to be supplemental to, and not in limitation of, any existing security interests granted to the Secured Party to secure the Obligations, whether under the Prior Debt Security Documents or otherwise. All such existing security interests, and any rights of the Secured Party in connection therewith, shall remain in full force and effect in accordance with their respective terms, provided, however, that in the event of a conflict between the terms of this Agreement and of any such prior security interests, or the documents evidencing the same, the terms of this Agreement shall control.

Appears in 1 contract

Samples: Security Agreement (Homeland Security Capital CORP)

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