Grantor Obligations. The provisions of this Article 5 are for the purpose of defining the relative rights of the Note Holders with respect to the Collateral and the exercise of Contractual Rights and Statutory Rights. Nothing herein shall impair the obligations of Grantor, which are absolute and unconditional, to pay and perform the Obligations as and when due. No provision of this Security Agreement shall be construed to prevent any Note Holder from exercising remedies that may otherwise be available to it.
Appears in 4 contracts
Samples: Pledge and Security Agreement (Pearl Frank H), Pledge and Security Agreement (Imageware Systems Inc), Pledge and Security Agreement (Vitrotech Corp)
