OBLIGATION SECURED Sample Clauses
OBLIGATION SECURED. The Security Interest shall secure, in such order of priority as Secured Party may elect:
(a) Payment of the aggregate sum of $15,000,000.00 according to the terms of those Revolving Promissory Notes dated June 30, 1998, each made by Schuff Steel Company, a Delaware corporation (as predecexxxx xn interest to Schuff International, Inc., a Delaware corporation) (herxxxxxxer called "Borrower"), payable respectively to the order of one of the Lenders, each evidencing a revolving line of credit, all or any part of which may be advanced to Borrower, repaid by Borrower and readvanced to Borrower, from time to time, subject to the terms and conditions thereof, with interest thereon, extension and other fees, late charges, prepayment premiums and attorneys' fees, according to the terms thereof, and all extensions, modifications, renewals or replacements thereof (hereinafter called the "RLC Notes");
(b) Payment of the sum of $5,000,000.00, according to the terms of that Revolving Promissory Note dated June 30, 1998, made by Borrower, payable to the order of Secured Party as the Swing Line Lender, evidencing a revolving line of credit, all or any part of which may be advanced to Borrower, repaid by Borrower and readvanced to Borrower, from time to time, subject to the terms and conditions thereof, with interest thereon, extension and other fees, late charges, prepayment premiums and attorneys' fees, according to the strict terms thereof, and all extensions, modifications, renewals or replacements thereof (hereinafter called the "Swing Line Note" and with the RLC Notes, the "Note");
(c) Payment, performance and observance by Borrower of each covenant, condition, provision and agreement contained in that Credit Agreement dated June 30, 1998 (the "Credit Agreement"), by and between Borrower, and the lenders listed from time to time therein (collectively, the "Lenders"), and Secured Party, as Arranger, Administrative Agent, Issuing Bank and Swing Line Lender and of all monies expended or advanced by Secured Party pursuant to the terms thereof or to preserve any right of Secured Party thereunder as permitted hereunder;
(d) Payment, performance and observance by Debtor of each covenant, condition, provision and agreement contained herein and of all monies expended or advanced by Secured Party pursuant to the terms hereof, or to preserve any right of Secured Party hereunder, or to protect or preserve the Collateral or any part thereof as permitted hereunder; and
(e) Payment...
OBLIGATION SECURED. In consideration of the purchase of the ------------------ Certificates, the Seller agrees to cause payment of the Certificates from funds available in the Subordination Spread Accounts (as hereinafter defined) and from receipt of Excess Amounts and Recapture Amounts (as hereinafter defined), as and to the extent set forth herein. Such obligation is non-recourse in respect of the Seller, and recourse may only be had to the Subordination Spread Accounts, the Excess Amounts and the Recapture Amounts. Neither the Subordination Spread Accounts, the Excess Amounts nor the Recapture Amounts shall be part of the Trust.
OBLIGATION SECURED. 3.1 This Agreement shall secure, in such order of priority as Secured Party may elect:
(a) Payment of the aggregate sum of $766,659 according to the terms of the Note, with interest thereon, extension and other fees, late charges, prepayment premiums and attorneys’ fees, according to the terms thereof, and all extensions, modifications, renewals or replacements thereof;
(b) Payment, performance and observance by Pledgor of each covenant, condition, provision and agreement contained in that Redemption Agreement and of all monies expended or advanced by Secured Party pursuant to the terms thereof or to preserve any right of Secured Party thereunder;
(c) Payment, performance and observance by Pledgor of each covenant, condition, provision and agreement contained herein and of all monies expended or advanced by Secured Party pursuant to the terms hereof, or to preserve any right of Secured Party hereunder, or to protect or preserve the Pledged Securities or any part thereof; and
(d) Payment and performance of any and all other indebtedness, obligations and liabilities of Pledgor to Secured Party of every kind and character, direct or indirect, absolute or contingent, due or to become due, now existing or hereafter incurred, whether such indebtedness is from time to time reduced and thereafter increased or entirely extinguished and thereafter reincurred. All of the indebtedness and obligations secured by this Agreement are hereinafter collectively called the “Obligation.”
OBLIGATION SECURED. This Agreement shall secure the performance of the Notes on the conditions set forth below.
OBLIGATION SECURED. The security interest, lien and other interests granted to Pledgee pursuant to this Share Pledge shall secure the prompt performance and observance of the Obligation.
OBLIGATION SECURED. Guarantor hereby acknowledges and agrees that the security interest granted hereby secures the full and timely performance of all terms, covenants and conditions required to be performed and observed by Guarantor under this Agreement and the Guaranty and acknowledges and agrees that this Agreement shall extend to and secure any and all renewals, refinancings, amendments and extensions of any or all of the foregoing.
OBLIGATION SECURED. This Deed of Trust is given for the purpose of securing, in such order of priority as Beneficiary may elect:
2.1 Payment of all sums at any time owing under those certain Promissory Notes, dated as of May 1, 1997, in the aggregate principal amount of One Hundred Million and No/100 Dollars ($100,000,000), executed by Trustor and payable to the order of each Lender (as defined in Section 2.3), evidencing a revolving line of credit, all or any part of which may be advanced to Trustor, repaid by Trustor and readvanced to Trustor, from time to time, subject to the terms and conditions thereof, provided that the principal balance outstanding at any time shall not exceed the sum set forth above in this Paragraph 2.1, with interest thereon, extension and other fees, late charges, prepayment premiums and attorneys' fees, according to the terms thereof, and all extensions, modifications, renewals or replacements thereof (hereinafter called the "Notes"
OBLIGATION SECURED. The Interest shall secure payment of the indebtedness evidenced by that certain Note ("Note") of even date between the Debtors and the Secured Parties, which is issued pursuant to the terms of the Company's Limited Liability Company Agreement.
OBLIGATION SECURED. This Deed of Trust is given for the purpose of securing the payment by Trustor of the aggregate amount of Two Million Eight Hundred Fifty Thousand Dollars ($2,850,000.00) with interest thereon, extension and other fees, late charges and costs, according to the terms of that Secured Promissory Note, dated as of October 17, 2005, made by Trustor, payable to the order of Beneficiary, and all amendments, modifications, renewals or replacements thereof (hereinafter called the "Note") and payment, performance and observance by Trustor of each covenant, condition, provision and agreement contained herein and of all monies expended or advanced by Beneficiary pursuant to the terms hereof, or to preserve any right of Beneficiary hereunder, or to protect or preserve the Trust Property or any part thereof. All of the indebtedness and obligations secured by this Deed of Trust are hereinafter collectively called the "Obligation."
OBLIGATION SECURED. The Collateral shall secure payment of the indebtedness and the full and faithful performance of Debtor’s obligations under the Note (the “Secured Obligations”).