One General Obligation. All Loans and advances by Lenders to Borrower under this Agreement constitute one loan, and all Obligations of Borrower to Agent and Lenders under this Agreement constitute one general obligation. It is expressly understood and agreed that all of the rights of Agent and each Lender contained in this Agreement shall likewise apply insofar as applicable to any modification of or supplement to this Agreement.
One General Obligation. All extensions of credit by Lender to Borrower under this Agreement shall constitute one general obligation of Borrower, secured by Lender's Lien on the Collateral and by the Mortgage; provided that upon termination of the Revolving -------- Line of Credit and payment in full of all Revolving Advances, Lender shall release its Lien on the Accounts Receivable Collateral and the Inventory Collateral.
One General Obligation. All advances of credit to, or for the benefit of, Borrower under this Agreement and under any other Loan Document constitute one loan, and all of the Obligations constitute one obligation. The Loans and all other advances or extensions of credit to, or for the benefit of, Borrower under this Agreement or the other Loan Documents and all other Obligations are made on the security of the Mortgage. Section 3
One General Obligation. 13 2.4 INTEREST............................................................13 2.5 METHOD OF MAKING PAYMENTS...........................................15 2.6
One General Obligation. All Loans and Obligations under this Agreement and the other Loan Documents shall constitute one general obligation of the Borrower and, except as may be otherwise provided in any of the Loan Documents, shall be secured by the Lender's Liens upon all of the Collateral granted hereunder, under the other Loan Documents, and by all other Liens heretofore, now, or at any time or times hereafter granted by the Borrower to the Lender.
One General Obligation. All Loans under this Agreement constitute one loan, and all Obligations of Borrower under this Agreement and all of the other Loan Documents constitute one general obligation. All of the rights of National City contained in this Agreement shall likewise apply insofar as applicable to any modification of or supplement to this Agreement. No officers, directors, shareholders or employees of Borrower shall have any personal liability for any obligations under this Agreement or as a result of any documents or certificates delivered pursuant to this Agreement, except in cases of actual fraud or willful misconduct; provided, however, that nothing in this sentence shall be deemed in any way to limit the absolute and unconditional liability of Borrower for the full and timely payment, observance and performance of all of its obligations hereunder.
One General Obligation. The Term Loans, all Advances under the Revolving Loan and each Lender Letter of Credit, together with any and all other extensions of credit and financial accommodations which may be made by Lenders to Borrower pursuant to this Agreement or any other Loan Document shall be one general obligation of Borrower, secured by Agent's security interests (for the benefit of all Lenders) in all Collateral, including, without limitation, each parcel of Mortgaged Property to the extent provided in the Mortgage with respect to such parcel.
One General Obligation. It is distinctly understood and agreed that all of the rights and remedies of the Secured Parties contained in this Agreement shall likewise apply insofar as applicable to any modification of or supplement to this Agreement and to any other agreements between the Secured Parties and the Debtor. Any default of this Security Agreement by the Debtor shall constitute, likewise, a default by the Debtor of any other existing agreement with the Secured Parties, and any default by the Debtor of any other agreement with the Secured Parties shall constitute a default of this Security Agreement.
One General Obligation. Cross Collateral. All loans and advances by Bank to Borrower under this Agreement and under all other agreements constitute one loan, and all indebtedness and obligations of Borrower to Bank under this and under all other agreements, present and future, constitute one general obligation secured by the Collateral and security held and to be held by Bank hereunder and by virtue of all other assignments and security agreements between Borrower and Bank now and hereafter existing. It is expressly understood and agreed that all of the rights of Bank contained in this Agreement shall likewise apply insofar as applicable to any modification of or supplement to this Agreement and to any other agreements, present and future, between Bank and Borrower.
One General Obligation
