MASTER SECURITY AGREEMENT Clause Samples
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MASTER SECURITY AGREEMENT. The security interests granted pursuant to this Agreement are granted in conjunction with the security interests granted to Agent by Grantors pursuant to the Master Security Agreement. Each Grantor hereby acknowledges and affirms that the rights and remedies of Agent with respect to the security interest in the Collateral made and granted hereby are more fully set forth in the Master Security Agreement, the terms and provisions of which relating to the such right and remedies are incorporated by reference herein as if fully set forth herein.
MASTER SECURITY AGREEMENT. The Lender shall have received from Par Pharmaceutical, Inc. the duly executed Master Security Agreement in form and content satisfactory to the Lender pursuant to which Par Pharmaceutical, Inc. shall grant to the Lender a first priority security interest in certain machinery and equipment of Par Pharmaceutical, Inc.
MASTER SECURITY AGREEMENT. The Master Security Agreement executed and delivered by Borrowers in favor of Collateral Agent, on or prior to the Closing Date, in form and substance satisfactory to Collateral Agent, as the same may be amended, modified, restated or supplemented from time to time.
MASTER SECURITY AGREEMENT. The Borrower further covenants and agrees with KfW that it shall use the loan proceeds solely in accordance with the terms of Section 2.01 hereof.
MASTER SECURITY AGREEMENT. The Assignor appoints Laurus, any of Laurus' officers, employees or any other person or entity whom Laurus may designate as the Assignor's attorney, with power to execute such documents in each the Assignor's behalf and to supply any omitted information and correct patent errors in any documents executed by any Assignor or on any Assignor's behalf; to file financing statements against the Assignor covering the Collateral (and, in connection with the filing of any such financing statements, describe the Collateral as "all assets and all personal property, whether now owned and/or hereafter acquired" (or any substantially similar variation thereof)); to sign the Assignor's name on public records; and to do all other things Laurus deem necessary to carry out this Master Security Agreement. The Assignor hereby ratifies and approves all acts of the attorney and neither Laurus nor the attorney will be liable for any acts of commission or omission, nor for any error of judgment or mistake of fact or law other than gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision). This power being coupled with an interest, is irrevocable so long as any Obligations remains unpaid.
MASTER SECURITY AGREEMENT. The security interests granted pursuant to this Agreement are granted in conjunction with the security interests granted to Laurus by each Grantor pursuant to the Master Security Agreement, dated as of the date hereof, between Grantor and Laurus (as supplemented, amended, restated or otherwise modified from time to time, the “Master Security Agreement”). Each Grantor hereby acknowledges and affirms that the rights and remedies of Laurus with respect to the security interest in the Collateral made and granted hereby are more fully set forth in the Master Security Agreement, all of the terms and provisions of the Master Security Agreement are incorporated by reference herein as if fully set forth herein, and in the event of any conflict, the applicable term or provision of the Master Security Agreement shall control.
MASTER SECURITY AGREEMENT. A Master Security Agreement (the "Security Agreement") in which the Borrower shall grant to the Lender a first lien and security interest in the Borrower's personal property described therein (the "Collateral") securing the Note. A favorable opinion is required from legal counsel acceptable to the Lender regarding the priority of the Lender's lien position.