Common use of Reduction of Obligations Clause in Contracts

Reduction of Obligations. The Obligations may be reduced to zero from time to time without affecting the validity, perfection or enforceability of this General Security Agreement or the security interest created hereby until this General Security Agreement is discharged in accordance with Section 9.10.

Appears in 2 contracts

Samples: General Security Agreement (Innexus Biotechnology Inc), General Security Agreement (Innexus Biotechnology Inc)

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Reduction of Obligations. The Obligations may be reduced to zero from time to time without affecting the validity, perfection or enforceability of this General Security Agreement or the security interest interests created hereby until this General Security Agreement is discharged in accordance with Section 9.10.

Appears in 1 contract

Samples: Security Agreement (West Marine Inc)

Reduction of Obligations. The Obligations may be reduced to zero from time to time without affecting the validity, perfection or enforceability of this General Security Agreement or the security interest interests created hereby until this General Security Agreement is discharged in accordance with Section 9.1011.7.

Appears in 1 contract

Samples: General Security Agreement (Pacific Stratus Ventures LTD)

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Reduction of Obligations. The Obligations may be reduced to zero from time to time without affecting the validity, perfection or enforceability of this General Security Agreement or the security interest interests created hereby until this General Security Agreement is discharged in accordance with Section 9.109. 1 0.

Appears in 1 contract

Samples: Security Agreement (3-D Geophysical Inc)

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