OPTIONAL SECURITY Sample Clauses

OPTIONAL SECURITY. Notwithstanding any other provision of this Agreement, from time to time if Agent requests and Borrower consents, Borrower may grant to Agent, for the pro rata benefit of Banks, mortgages on specific parcels of real property owned by Borrower in the State of Indiana, each securing Borrower's Indebtedness to Banks hereunder. Unless an Event of Default has occurred and is continuing, each such mortgage shall be released by Agent upon Borrower's sale of the subject real property, without the requirement of any payment to Agent (other than reimbursement of costs incurred) or the consent of any Banks. If an Event of Default that has not been waived by all Banks has occurred and is continuing, Agent shall release any such mortgage(s) only upon (a) payment to Agent for the pro rata benefit of Banks (in accordance with the pro rata distribution as described in Section 9 hereof with respect to distribution of Proceeds after Default) of the amount secured by such mortgage(s) and (b) the consent of all Banks.
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OPTIONAL SECURITY. ZEIT makes available a number of security features and functionalities that Customer may elect to use. Customer is responsible for (a) implementing the measures described in Section 6.2, as appropriate, (b) properly configuring the Services, (c) using the controls available in connection with the Services (including the security controls) to allow Customer to restore the availability and access to Customer Data in a timely manner in the event of a physical or technical incident (e.g. backups and routine archiving of Customer Data), and (d) taking such steps as Customer considers adequate to maintain appropriate security, protection, and deletion of Customer Data, which includes use of encryption technology to protect Customer Data from unauthorized access and measures to control access rights to Customer Data.
OPTIONAL SECURITY. The obligations hereunder and under the ----------------- Notes are unsecured; provided, however, that in the event an Event of Default (as defined in Article V below), or any condition or event which with the giving of notice or lapse of time, or both, would become such an Event of Default shall have occurred and be continuing, the Bank may, at its option, elect to secure such obligations and upon receipt by the Borrower of written notice of such election, Borrower will execute and deliver to the Bank such security agreements, financing statements and deeds of trust, and such other documents, instruments, notices and agreements as the Bank in its reasonable judgment deems necessary or desirable to obtain a perfected security interest in and lien upon such assets of Borrower (and/or of its Subsidiaries) to fully and adequately secure the repayment of the Line, together with all interest thereon, and all other obligations of Borrower hereunder.
OPTIONAL SECURITY. Vercel makes available a number of security features and functionalities that Customer may elect to use. Customer is responsible for (a) implementing the measures described in Section 6.2, as appropriate, (b) properly configuring the Services, (c) using the controls available in connection with the Services (including the security controls) to allow Customer to restore the availability and access to Customer Data in a timely manner in the event of a physical or technical incident (e.g. backups and routine archiving of Customer Data), and (d) taking such steps as Customer considers adequate to maintain appropriate security, protection, and deletion of Customer Data, which includes use of encryption technology to protect Customer Data from unauthorized access and measures to control access rights to Customer Data.
OPTIONAL SECURITY. Notwithstanding any other provision of this Agreement, from time to time if Agent requests and Borrower consents, Borrower may grant to Agent, for the pro rata benefit of Banks, mortgages on

Related to OPTIONAL SECURITY

  • Additional Security This guarantee is in addition to and is not in any way prejudiced by any other guarantee or security now or subsequently held by any Finance Party.

  • Organizational Security 1. It is the mutual intention of the parties that the provisions of this Article protect the rights of individual employees without restricting CSEA’s right to require every bargaining unit employee, except those exempt from these provisions, to pay a fair share of the cost of collective bargaining activities.

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