Common use of Pledge of Credit Clause in Contracts

Pledge of Credit. Now or hereafter pledge Agent's or any Lender's credit on any purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than the business of the Borrowers as conducted on the date of this Agreement.

Appears in 1 contract

Samples: Security Agreement (Semx Corp)

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Pledge of Credit. Now or hereafter pledge Agent's or any Lender's credit on any purchases or for any purpose whatsoever or use any portion of any Revolving Advance in or for any business other than the Borrower's business of the Borrowers as conducted on the date of this Agreement.

Appears in 1 contract

Samples: Security Agreement (Robotic Vision Systems Inc)

Pledge of Credit. Now or hereafter pledge Agent's or any Lender's credit on any purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than the Borrowers' business of the Borrowers as conducted on the date described in Section 5.22 of this Agreement.

Appears in 1 contract

Samples: Revolving Credit (Teamstaff Inc)

Pledge of Credit. Now or hereafter pledge Agent's or any Lender's credit on any purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than the Borrower's business of the Borrowers as conducted on the date of this AgreementAgreement (including for this purpose the business of Borrower's Subsidiaries).

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Cygne Designs Inc)

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Pledge of Credit. Now or hereafter pledge Pledge Agent's or any Lender's credit on any purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than the such Borrower's business of the Borrowers as conducted on the date of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Lets Talk Cellular & Wireless Inc)

Pledge of Credit. Now or hereafter pledge Agent's or any Lender's credit on any purchases or for any purpose whatsoever or use any portion of any Advance in or for any business other than the such Borrower's business of the Borrowers as conducted on the date of this Agreement, or as permitted to be conducted in the future by the terms of this Agreement.

Appears in 1 contract

Samples: Revolving Credit (Trescom International Inc)

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