Grant of Continuing Security Interest. Borrower hereby grants to BACC a continuing security interest in all presently existing and hereafter acquired or arising Collateral in order to secure prompt repayment of the Obligations and in order to secure prompt performance by Borrower of each and all of its covenants and Obligations under the Loan Documents and otherwise. BACC's continuing security interest in the Collateral shall attach to all Collateral without further act on the part of BACC or Borrower.
Appears in 7 contracts
Samples: Loan and Security Agreement (Reeds Inc), Loan and Security Agreement (Drinks Americas Holdings, LTD), Loan and Security Agreement (Icx Electronics Inc)
Grant of Continuing Security Interest. Borrower hereby grants to BACC a continuing security interest in all presently existing and hereafter acquired or arising Collateral in order to secure prompt repayment of the Obligations and in order to secure prompt performance by Borrower of each and all of its covenants and Obligations under the Loan Documents and otherwise. BACC's ’s continuing security interest in the Collateral shall attach to all Collateral without further act on the part of BACC or Borrower.
Appears in 2 contracts
Samples: Loan and Security Agreement (Teamstaff Inc), Loan and Security Agreement (Drinks Americas Holdings, LTD)
Grant of Continuing Security Interest. Borrower hereby grants to BACC a continuing first priority lien and security interest in all presently existing and hereafter acquired or arising Collateral in order to secure prompt repayment of the Obligations and in order to secure prompt performance by Borrower of each and all of its covenants and Obligations under the Loan Documents and otherwise. BACC's continuing security interest in the Collateral shall attach to all Collateral without further act on the part of BACC or Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Farmstead Telephone Group Inc)
