Common use of Pledged Property Clause in Contracts

Pledged Property. (a) Company hereby pledges to the Secured Party, and creates in the Secured Party for its benefit, a security interest for such time until the Obligations are paid in full, in and to all of the property of the Company as set forth in Exhibit "A" attached hereto (collectively, the "Pledged Property"); provided, however, that Secured Party agrees that it will subordinate its security interest to the Pledged Property in the event that the Company requests such subordination to establish a line of credit with a bank or other financial institution. The Pledged Property, as set forth in Exhibit "A" attached hereto, and the products thereof and the proceeds of all such items are hereinafter collectively referred to as the "Pledged Collateral."

Pledged Property. (a) The Company hereby pledges to the Secured Party, and creates in the Secured Party for its benefit, a security interest for such time until the Obligations are paid in full, in and to all of the property of the Company as set forth in Exhibit "A" attached hereto (collectively, the "Pledged Property"); provided, however, that Secured Party agrees that it will subordinate its security interest to the Pledged Property in the event that the Company requests such subordination to establish a line of credit with a bank or other financial institution. The Pledged Property, as set forth in Exhibit "A" attached hereto, and the products thereof and the proceeds of all such items are hereinafter collectively referred to as the "Pledged Collateral."

Pledged Property. (a) Company hereby pledges to the Secured Party, and creates in the Secured Party for its benefit, a first priority security interest for such time until the Obligations are paid in full, in and to all of the property of the Company as set forth in Exhibit "“A" ” attached hereto hereto, whether presently owned or existing or hereafter acquired or coming into existence, and all additions and accessions thereto and all substitutions and replacements thereof (collectively, the "“Pledged Property"”); provided, however, that Secured Party agrees that it will subordinate its security interest to the Pledged Property in the event that the Company requests such subordination to establish a line of credit with a bank or other financial institution. The Pledged Property, as set forth in Exhibit "“A" ” attached hereto, and the products thereof and the proceeds of all such items are hereinafter collectively referred to as the "“Pledged Collateral."”

Pledged Property. (a) Company hereby pledges to the Secured Party, and creates in the Secured Party for its benefit, a first priority security interest for such time until the Obligations are paid in full, in and to all of the property and assets of the Company as set forth in Exhibit "“A" ” attached hereto hereto, whether presently owned or existing or hereafter acquired or coming into existence, and all additions and accessions thereto and all substitutions and replacements thereof (collectively, the "“Pledged Property"”); provided, however, that Secured Party agrees that it will subordinate its security interest to the Pledged Property in the event that the Company requests such subordination to establish a line of credit with a bank or other financial institution. The Pledged Property, as set forth in Exhibit "“A" ” attached hereto, and the products thereof and the proceeds of all such items are hereinafter collectively referred to as the "“Pledged Collateral."”

Pledged Property. (a) Company The Debtors hereby pledges pledge to the Secured Party, and creates create in the Secured Party for its benefit, a security interest in and to all of the Pledged Property for such time until the Obligations are paid in full, full subject only to the existing security interests held by other parties in and to all of the property of the Company such Pledged Property as set forth in Exhibit "A" attached hereto (collectivelyhereto. Notwithstanding the ------------ foregoing, the "Pledged Property"); provided, however, that Secured Party agrees that it will subordinate its security interest granted pursuant to the Pledged Property this Agreement shall terminate immediately in the event that the Company requests such subordination to establish a line of credit with a bank redeems, or other financial institutionthe Secured Party shall have converted, all amounts due under the Convertible Debenture. The Pledged Property, as set forth in Exhibit "A" attached hereto, and the ----------- products thereof and the proceeds of all such items are hereinafter collectively referred to as the "Pledged Collateral."" -------------------