Grant of Continuing Security Interest. Borrower hereby grants to Lender a continuing security interest in the Collateral in order to secure the prompt repayment of the Obligations and the prompt performance by Borrower of each and all of its covenants and Obligations under the Loan Documents and otherwise. Lender's continuing security interest in the Collateral shall attach to all Collateral without further act on the part of Lender or Borrower.
Appears in 3 contracts
Samples: Loan and Security Agreement (Optical Cable Corp), Loan and Security Agreement (AMERI Holdings, Inc.), Loan and Security Agreement (Ag&e Holdings Inc.)
Grant of Continuing Security Interest. Borrower hereby grants to Lender a continuing security interest in the all presently existing and hereafter acquired or arising Collateral in order to secure the prompt repayment of the Obligations and the in order to secure prompt performance by Borrower of each and all of its covenants and Obligations under the Loan Documents and otherwise. Lender's ’s continuing security interest in the Collateral shall attach to all Collateral without further act on the part of Lender or Borrower.
Appears in 2 contracts
Samples: Loan and Security Agreement (Polar Power, Inc.), Loan and Security Agreement (Corporate Resource Services, Inc.)
