Indebtedness Secured. The security interest granted hereby is to secure payment of the following (the “Indebtedness”): (a) The amounts due under the Note, together with interest, fees and other charged provided for therein;(b) All future advances which Secured Party may, at its option and for any purpose, make to Debtor, together with interest thereon; (c) All sums which Secured Party may, at its option, expend or advance for the maintenance, preservation and protection of the Collateral, including without limitation, payment of taxes, levies, assessments, insurance premiums and discharge of liens, together with interest thereon, or in any other property given as security for payment of the Indebtedness; (d) All expenses, including reasonable attorneys’ fees, which Secured Party incurs in connection with collection of any or all Indebtedness secured hereby or in enforcement or protection of its rights hereunder, or any other instrument given as security for the Note, or in changes in form of such Indebtedness which may be made from time to time by agreement between Debtor and Secured Party, together with interest thereon; (e) All other present or future, direct or indirect, absolute or contingent, liabilities, obligations and indebtedness of Debtor to Secured Party, however created, and specifically including all or part of any renewal or extension of the Note whether or not the Debtor executes any extension agreement or renewal instruments.
Appears in 2 contracts
Samples: Note Agreement (US Capital Global Lending LLC), Note Agreement (US Capital Global Lending LLC)
Indebtedness Secured. The security interest granted hereby is to secure payment of the following (the “Indebtedness”):
(a) The amounts due under the NoteNotes, together with interest, fees and other charged provided for therein;(btherein;
(b) All future advances which any Secured Party may, at its option and for any purpose, make to DebtorBorrower, together with interest thereon; ;
(c) All sums which any Secured Party may, at its option, expend or advance for the maintenance, preservation and protection of the Collateral, including without limitation, payment of taxes, levies, assessments, insurance premiums and discharge of liens, together with interest thereon, or in any other property given as security for payment of the Indebtedness; ;
(d) All expenses, including reasonable attorneys’ fees, which any Secured Party incurs in connection with collection of any or all Indebtedness secured hereby or in enforcement or protection of its rights hereunder, or any other instrument given as security for the a Note, or in changes in form of such Indebtedness which may be made from time to time by agreement between Debtor Borrower and Secured Party, together with interest thereon; and
(e) All other present or future, direct or indirect, absolute or contingent, liabilities, obligations and indebtedness of Debtor Borrower to Secured Party, however createdParties pursuant to the Loan Documents, and specifically including all or part of any renewal or extension further renewals, extensions, modifications, and restatements of the Note foregoing, whether or not the Debtor Borrower executes any extension agreement or renewal instruments.
Appears in 2 contracts
Samples: Security Agreement (Smart Move, Inc.), Security Agreement (Smart Move, Inc.)
Indebtedness Secured. The security interest granted hereby is to secure payment of the following (the “Indebtedness”):
(a) The amounts due under the Note, together with interest, fees and other charged provided for therein;(btherein;
(b) All future advances which any Secured Party may, at its option and for any purpose, make to DebtorGemini, together with interest thereon; ;
(c) All sums which any Secured Party may, at its option, expend or advance for the maintenance, preservation and protection of the Collateral, including without limitation, payment of taxes, levies, assessments, insurance premiums and discharge of liens, together with interest thereon, or in any other property given as security for payment of the Indebtedness; ;
(d) All expenses, including reasonable attorneys’ fees, which any Secured Party incurs in connection with collection of any or all Indebtedness secured hereby or in enforcement or protection of its rights hereunder, or any other instrument given as security for the a Note, or in changes in form of such Indebtedness which may be made from time to time by agreement between Debtor Borrower and Secured Party, together with interest thereon; and
(e) All other present or future, direct or indirect, absolute or contingent, liabilities, obligations and indebtedness of Debtor Gemini to Secured Party, however createdParty pursuant to the Loan Documents, and specifically including all or part of any renewal or extension further renewals, extensions, modifications, and restatements of the Note foregoing, whether or not the Debtor Gemini executes any extension agreement or renewal instruments.
Appears in 1 contract
Samples: Security and Hypothecation Agreement (Global Casinos Inc)
Indebtedness Secured. The security interest granted hereby is to secure payment of the following (the “Indebtedness”):
(a) The amounts due under the Note, together with interest, fees and other charged provided for therein;(b) All future advances which Secured Party may, at its option and for any purpose, make to Debtor, together with interest thereon; (c) All sums which Secured Party may, at its option, expend or advance for the maintenance, preservation and protection of the Collateral, including without limitation, payment of taxes, levies, assessments, insurance premiums and discharge of liens, together with interest thereon, or in any other property given as security for payment of the Indebtedness; (d) All expenses, including reasonable attorneys’ fees, which Secured Party incurs in connection with collection of any or all Indebtedness secured hereby or in enforcement or protection of its rights hereunder, or any other instrument given as security for the Note, or in changes in form of such Indebtedness which may be made from time to time by agreement borrowing relationship between Debtor and Secured PartyParty is to be a continuing one and is intended to cover numerous types of extensions of credit, together with interest thereon; loans, overdraft payments, or advances made directly or indirectly to Debtor. Accordingly, this Security Agreement and the Security Interest created hereby secures payment of that certain: (ei) All other present or future, direct or indirect, absolute or contingent, liabilities, obligations and indebtedness revolving line of credit promissory note of Debtor to Secured Party, however createddated of even date herewith in the original principal amount of $2,000,000.00 and all obligations of any kind owing by Debtor to Secured Party whether now existing or hereafter incurred, direct or indirect, primary or secondary, sole or joint and several, contingent or non-contingent, liquidated or non-liquidated, or otherwise, arising from loans, advances, guaranties, endorsements or otherwise, whether related or unrelated to the purpose of the original extension of credit, whether of the same or a different class as the primary obligation, and specifically whether the obligations are from time to time reduced and thereafter increased or entirely extinguished and new obligations thereafter incurred, including, without limitation, any sums advanced and any expenses or obligations incurred by Secured Party pursuant to this Security Agreement (including attorneys' fees and costs as provided herein) or any other agreement concerning, evidencing or securing obligations of Debtor to Secured Party, and any liabilities of Debtor to Secured Party arising from any source whatsoever and all or part of any renewal or extension of extensions, renewals and modifications thereof (collectively, the Note whether or not the Debtor executes any extension agreement or renewal instruments"Indebtedness").
Appears in 1 contract
Samples: Security Agreement (Goldfield Corp)
Indebtedness Secured. The security interest granted hereby is to secure payment of the following (the “Indebtedness”):
(a) The amounts due under the NoteNotes, together with interest, fees and other charged provided for therein;(btherein;
(b) All future advances which Secured Party any Lender may, at its option and for any purpose, make to DebtorBorrower, together with interest thereon; ;
(c) All sums which the Secured Party and/or any Lender may, at its option, expend or advance for the maintenance, preservation and protection of the Collateral, including without limitation, payment of taxes, levies, assessments, insurance premiums and discharge of liens, together with interest thereon, or in any other property given as security for payment of the Indebtedness; ;
(d) All expenses, including reasonable attorneys’ fees, which any Lender or the Secured Party incurs in connection with collection of any or all Indebtedness secured hereby or in enforcement or protection of its rights hereunder, or any other instrument given as security for the a Note, or in changes in form of such Indebtedness which may be made from time to time by agreement between Debtor Borrower and a Lender or the Secured Party, together with interest thereon; and
(e) All other present or future, direct or indirect, absolute or contingent, liabilities, obligations and indebtedness of Debtor Borrower to Secured Party, however createdLenders pursuant to the Loan Documents, and specifically including all or part of any renewal or extension further renewals, extensions, modifications, and restatements of the Note foregoing, whether or not the Debtor Borrower executes any extension agreement or renewal instruments.
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