Common use of Indebtedness Secured Clause in Contracts

Indebtedness Secured. This Agreement and the Security Interest created by it secures payment of the Note owing by Borrower to Secured Party (the “Indebtedness”). The Indebtedness includes any credit extended, sums advanced, and any expenses incurred by Secured Party under the Note.

Appears in 5 contracts

Samples: Security Agreement (Accentia Biopharmaceuticals Inc), Security Agreement (Accentia Biopharmaceuticals Inc), Security Agreement (Accentia Biopharmaceuticals Inc)

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Indebtedness Secured. This Agreement and the Security Interest created by it secures secure payment of the Note owing by Borrower to Secured Party (the “Indebtedness”). The Indebtedness includes any credit extended, sums advanced, and any expenses incurred by Secured Party under the Note.

Appears in 2 contracts

Samples: Security Agreement (Biovest International Inc), Security Agreement (Biovest International Inc)

Indebtedness Secured. This The foregoing security interest is given to secure payment and performance of all indebtedness and obligations of Debtor to Secured Party under this Agreement and the Security Interest created by it secures payment of the Note indebtedness and obligations owing by Borrower to Secured Party (the “Indebtedness”)by Debtor pursuant to a Promissory Note of even date, including any and all modifications, extensions, and renewals. The Indebtedness includes any credit extended, sums advanced, indebtedness and any expenses incurred obligations that are secured by Secured Party under this security interest are collectively called the Note"indebtedness."

Appears in 1 contract

Samples: Security Agreement (Americhip International Inc)

Indebtedness Secured. This Agreement and the The Security Interest created granted by it Debtor secures payment of any and all indebtedness and liabilities of Debtor to the Note owing by Borrower to Secured Party pursuant to the Purchase Price Note and the Non-Competition Agreements, as may be amended from time to time by the parties thereto (the "Indebtedness"). The Indebtedness includes any credit extended, sums advanced, and any expenses incurred by Secured Party under the Note.

Appears in 1 contract

Samples: Security Agreement (Horizon Medical Products Inc)

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Indebtedness Secured. This Agreement and the Security Interest created by it secures hereunder secure payment of the Note Loan owing by Borrower to Secured Party Party, and whether the Loan is, from time to time, reduced and thereafter increased or entirely extinguished and thereafter reincurred (the “Indebtedness”). The Indebtedness includes any credit extended, sums advanced, and any expenses incurred by Secured Party under and specifically includes the Loan of Secured Party to Borrower evidenced by the Note.

Appears in 1 contract

Samples: Security Agreement (Biovest International Inc)

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