Priority of Security Interest. This security interest shall neither affect nor be affected by any other security for any of the obligation. Neither extensions of any of the obligation nor releases of any of the collateral will affect the priority or validity of this security interest with reference to any third person.
Appears in 5 contracts
Samples: Loan Agreement (Penn Octane Corp), Loan Agreement (Penn Octane Corp), Security Agreement (Iexalt Inc)
Priority of Security Interest. This security interest shall neither affect nor be affected by any other security for any of the obligation. Neither extensions of any of the obligation nor releases of any of the collateral will affect the priority or of validity of this security interest with reference to any third person.
Appears in 4 contracts
Samples: Security Agreement (Continential Southern Resources Inc), Security Agreement (Continental Southern Resources Inc), Security Agreement (Bepariko Biocom)
Priority of Security Interest. This security interest shall neither affect nor be affected by any other security for any of the obligationObligations. Neither extensions of any of the obligation Obligations nor releases of any of the collateral Collateral will affect the priority or validity of this security interest with reference to Debtor, Borrower, Guarantor or any third person.
Appears in 2 contracts
Samples: Commercial Security Agreement (Friedman Industries Inc), Commercial Security Agreement (Friedman Industries Inc)
Priority of Security Interest. This security interest shall neither affect nor be affected by any other security for any of the obligation. Neither extensions of any of the obligation nor releases of any of the collateral Collateral will affect the priority or validity of this security interest with reference to any third person. 14.
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Priority of Security Interest. This security interest shall neither affect nor be affected by any other security for any of the obligation. Neither extensions of any of the obligation nor releases of any of the collateral will affect the priority or validity of this security interest with reference to any third person. 14.
Appears in 1 contract
Samples: Supplement And (Penn Octane Corp)
Priority of Security Interest. This security interest shall neither affect nor be affected by any other security for any of the obligation. Neither extensions of any of the obligation nor releases of any of the collateral Collateral will affect the priority or validity of this security interest with reference to any third person.
Appears in 1 contract
Priority of Security Interest. This security interest shall neither affect nor be affected by any other security for any of the obligationobligations. Neither extensions of any of the obligation nor releases of any of the collateral will affect the priority or validity of this security interest with reference to any third person.
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