Common use of No Impairment, Etc Clause in Contracts

No Impairment, Etc. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the payment or performance of the Indebtedness and no security taken hereafter as security for payment or performance of the Indebtedness shall impair in any manner or affect this Security Agreement, all such present and future additional security to be considered as cumulative security. Any of the Collateral may be released from this Security Agreement without altering, varying or diminishing in any way the force, effect, lien, security interest, or charge of this Security Agreement as to the Collateral not expressly released, and, except for Permitted Liens, this Security Agreement shall continue as a first and prior lien, security interest and charge on all of the Collateral not expressly released until all the Indebtedness secured hereby has been paid or performed in full. Any future assignment of the interest of Debtor in and to any of the Collateral shall not deprive Secured Party of the right to sell or otherwise dispose of or utilize all or any part of the Collateral as above provided or necessitate the sale or disposition thereof in parcels or in severality.

Appears in 1 contract

Samples: Security Agreement (Miravant Medical Technologies)

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No Impairment, Etc. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the payment or performance of the Indebtedness Secured Obligations and no security taken hereafter as security for payment or performance of the Indebtedness Secured Obligations shall impair in any manner or affect this Security Agreement, all such present and future additional security to be considered as cumulative security. Any of the Collateral may be released from this Security Agreement without altering, varying or diminishing in any way the force, effect, lien, security interest, or charge of this Security Agreement as to the Collateral not expressly released, and, except for Permitted Liens, and this Security Agreement shall continue as a first and prior lien, security interest and charge on all of the Collateral not expressly released until all the Indebtedness Secured Obligations secured hereby has have been paid or performed in full. Any future assignment of the interest of the Debtor in and to any of the Collateral shall not deprive the Secured Party of the right to sell or otherwise dispose of or utilize all or any part of the Collateral as above provided or necessitate the sale or disposition thereof in parcels or in severalityseveralty.

Appears in 1 contract

Samples: Security Agreement (Rotary Power International Inc)

No Impairment, Etc. The execution and delivery of ------------------ this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the payment or performance of the Indebtedness and no security taken hereafter as security for payment or performance of the Indebtedness shall impair in any manner or affect this Security Agreement, all such present and future additional security to be considered as cumulative security. Any of the Collateral may be released from this Security Agreement without altering, varying or diminishing in any way the force, effect, lien, security interest, or charge of this Security Agreement as to the Collateral not expressly released, and, except for Permitted Liens, and this Security Agreement shall continue as a first and prior lien, security interest and charge on all of the Collateral not expressly released until all the Indebtedness secured hereby has been paid or performed in full. Any future assignment of the interest of Debtor in and to any of the Collateral shall not deprive Secured Party of the right to sell or otherwise dispose of or utilize all or any part of the Collateral as above provided or necessitate the sale or disposition thereof in parcels or in severality.

Appears in 1 contract

Samples: Security Agreement (Efax Com Inc)

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No Impairment, Etc. The execution and delivery of this Security Agreement in no manner shall impair or affect any other security (by endorsement or otherwise) for the payment or performance of the Indebtedness Secured Obligations and no security taken hereafter as security for payment or performance of the Indebtedness Secured Obligations shall impair in any manner or affect this Security Agreement, all such present and future additional security to be considered as cumulative security. Any part of the Collateral may be released from this Security Agreement without altering, varying or diminishing in any way the force, effect, lien, security interest, or charge of this Security Agreement as to the Collateral not expressly released, and, except for Permitted Liens, and this Security Agreement shall continue as a first and prior lien, security interest and charge on all of the Collateral not expressly released until all the Indebtedness Secured Obligations secured hereby has have been paid or performed in full. Any future assignment of the interest of Debtor in and to any of the Collateral shall not deprive Secured Party the Trustee of the right to sell or otherwise dispose of or utilize all or any part of the Collateral as above provided or necessitate the sale or disposition thereof in parcels or in severalityseveralty.

Appears in 1 contract

Samples: Security Agreement (Rotary Power International Inc)

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