General Security Interest. As security for the payment and performance of all present and future indebtedness, liabilities and obligations of the Debtor to the Vendors arising pursuant to a certain guarantee provided by the Debtor in favour of the Vendors with respect to the obligations created by a certain promissory note of even date herewith authorized, executed and delivered in favour of the Vendors by Teleplus Connect Corp. in the principal amount of Five Million Nine Hundred Eighty Three Thousand One Hundred Seventy Eight Dollars ($5,983,178.) and this Security Agreement (all such indebtedness, liabilities, obligations, expenditures, costs and expenses are hereinafter collectively referred to as the "Obligations"), whether direct or indirect, absolute or contingent, liquidated or unliquidated, as principal or as surety, alone or with others, of whatsoever nature or kind, in any currency, the Debtor hereby assigns, charges, pledges, mortgages and grants to the Vendors a security interest in all of the undertaking, property and assets of the Debtor, both real and personal, immoveable and moveable, tangible and intangible, legal and equitable, of whatsoever nature and kind and wheresoever situate, now owned or hereafter acquired by or on behalf of the Debtor or in respect of which the Debtor now or hereafter has any right, title or interest (all of which is hereinafter called the "Collateral"), including without limitation:
General Security Interest i. To secure payment, first, of the purchase price for Goods until such amount is paid in full, and secondly, of all the other Secured Money, and to secure the performance of all other obligations owing by the buyer to Mico or any Related Company, the buyer grants Mico a Security Interest in all of the buyer’s personal property (as defined in the PPSA), which includes, without limitation, the Goods supplied to the buyer, and a fixed charge over all of the buyer’s real property, wherever situated (such personal property and real property is, together, the “Secured Property”).
General Security Interest. 2.1 For value received and as a general and continuing security for the payment of the Indebtedness including any ultimate unpaid balance thereof, owed to MFC and to secure the payment of the Indebtedness under this general security agreement or any Related Documents, Druxxxxx xxreby:
General Security Interest. To guaranty and as security for repayment of the full principal amount of the Convertible Note plus interest, Lender shall receive a priority security interest in all of the assets and intellectual property of(i) the Company and (ii) Resilent LLC dba Digital Defense (the “Security Interest”). Company and Lender shall work together to promptly perfect Lender’s Security Interest in such assets and intellectual property.
General Security Interest. [Grantor] All assets and undertakings Or All assets and undertakings of [details of Business or Partnership] {} [Rank] Specific Security Interest [Grantor] [Motor vehicles] [Watercraft] [Aircraft] [Other Goods] [Crops] [Livestock] [Contracts] [Other intangible property] {} [Rank] Freehold Property Mortgage [Grantor] [Secured Property]{include Title Details and property address} {} [Rank] Mortgage of Life Insurance Policy [Grantor] [Secured Property] {} [Rank] [State] Mortgage of Water Rights [Grantor] [Secured Property] {include Water Licence Number} {} [Rank] Mortgage of Lease [Grantor] [Secured Property] {} [Rank] Set-Off Agreement [Grantor] All accounts set out in the Set-off Agreement or, if none are specified, all accounts which you hold with us. } [Rank] * Parties to this Offer Letter agree and confirm that:
General Security Interest. (a) As security for the payment of any amounts payable by you to us, and the performance of your obligations pursuant to these Sub- contractor T&Cs and each Work Contract, you grant to us a Security Interest over all your present and after acquired personal property (in this clause 19, Collateral).
General Security Interest. (a) As security for the payment of any amounts payable by the Guarantor(s) to us, and the performance of the Guarantor(s) obligations pursuant to this Guarantee & Indemnity, each Guarantor grants to us a security interest (Security Interest) over all their present and after acquired personal property (in this clause 8, Collateral).
General Security Interest. To secure payment, first, of the purchase price for Goods until such amount is paid in full, and secondly, of all the other Secured Money, and to secure the performance of all other obligations owing by the Customer to the Supplier, the Customer grants the Supplier a Security Interest in all of the Customer’s personal property (as defined in the PPSA), which includes, without limitation, the Goods supplied to the Customer, and a fixed charge over all of the Customer’s real property, wherever situated (such personal property and real property is, together, the “Secured Property”). The Customer must not consent to or enter into any agreement which permits any supplier or other person to register a Security Interest in respect of any Collateral subject to the Supplier’s Security Interest, including, without limitation, the Goods (whether an accession or otherwise), which ranks in priority to the Supplier’s rights as first ranking security holder. An “Enforcement Event” occurs if: The Customer fails to pay, or in the Supplier’s opinion is likely to fail to pay, any amount of the Secured Money when due; or The Customer breaches, or in the Supplier’s opinion is likely to breach, any non-monetary obligations owing to the Supplier or any Related Company; or The Customer ceases or threatens to cease business; or The Customer is unable to pay any debts as they fall due or i s declared insolvent or bankrupt; or The Customer makes an arrangement or compromise with creditors; or any step is made to dissolve it; or an encumbrancer takes possession of any Goods or other Collateral; or a liquidator, manager, administrator, or receiver (or any similar person) is appointed to the Customer or any of the Customer’s property; or any analogous event occurs; or The Customer’s ownership or effective control is transferred, or in the Supplier’s opinion the nature of the Customer’s business is materially altered; or any Guarantor breaches any obligations owing to the Supplier If an Enforcement Event occurs then (in addition to and without prejudice to any other remedies the Supplier may have): Each Security Interest created under these Terms of Credit will become immediately enforceable; and All of the Secured Money will be due and payable immediately; and the Supplier may at any time appoint in writing one or more Receivers (jointly and severally) in respect of any Secured Property on terms which the Supplier considers to be necessary or expedient; and The remuneration of a Receiv...
