Common use of Obligations Secured by Collateral Clause in Contracts

Obligations Secured by Collateral. Any amounts paid by any Indemnitee as to which such Indemnitee has the right to reimbursement, and any amounts paid by the Security Agent in preservation of any of its rights or interest in the Collateral, together with interest on such amounts from the date paid until reimbursement in full at a rate per annum equal at all times to the Overdue Rate shall constitute Obligations secured by the Collateral.

Obligations Secured by Collateral. Any amounts paid by any Indemnitee as to which such Indemnitee has the right to reimbursement, and any amounts paid by the Security Agent in preservation of any of its rights or interest in the Collateral, together with interest on such amounts from the date paid until reimbursement in full at a rate per annum equal at all times to the Overdue Rate Rate, shall constitute Obligations secured by the Collateral.

Obligations Secured by Collateral. Any amounts amount paid by any Indemnitee as to which such Indemnitee has the right to reimbursement, and any amounts amount paid by the Security Collateral Agent in preservation of any of its rights or interest in the Collateral, together with interest on such amounts from the date paid until reimbursement in full at a rate per annum equal at all times to the Overdue Prime Rate plus two percent (2%), shall constitute Obligations secured by the Collateral.

Obligations Secured by Collateral. Any amounts amount paid by any Indemnitee as to which such Indemnitee has the right to reimbursement, and any amounts amount paid by the Security Collateral Agent in preservation of any of its rights or interest in the Collateral, together with interest on such amounts from the date paid until reimbursement in full at a rate per annum equal at all times to the Overdue Prime Rate plus two percent (2%) shall constitute Obligations secured by the Collateral.