Common use of Right of Secured Party to Defend Action Affecting Security Clause in Contracts

Right of Secured Party to Defend Action Affecting Security. Secured Party may, at the expense of Debtor, appear in and defend any action or proceeding at law or in equity purporting to affect Secured Party's security interest under this Agreement.

Appears in 9 contracts

Samples: Pledge and Security Agreement (Maii Holdings Inc), Pledge and Security Agreement (Mobility Electronics Inc), Pledge and Security Agreement (Internet America Inc)

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Right of Secured Party to Defend Action Affecting Security. Secured Party may, at the expense of Debtor, appear in and defend any action or proceeding at law or in equity purporting to affect Secured Party's security interest Security Interest under this Agreement.

Appears in 7 contracts

Samples: Assignment and Security Agreement (American Physicians Service Group Inc), Assignment and Security Agreement (American Physicians Service Group Inc), Assignment and Security Agreement (Exsorbet Industries Inc)

Right of Secured Party to Defend Action Affecting Security. The Secured Party may, at the expense of Debtor's expense, appear in and defend any action or proceeding at law or in equity purporting to affect the Secured Party's security interest under this Security Agreement.

Appears in 4 contracts

Samples: Security Agreement (Cyanotech Corp), Security Agreement (Cyanotech Corp), Security Agreement (Schuler Homes Inc)

Right of Secured Party to Defend Action Affecting Security. The Secured Party may, at the expense of Debtor’s expense, appear in and defend any action or proceeding at law or in equity purporting to affect the Secured Party's ’s security interest under this Security Agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Cyanotech Corp)

Right of Secured Party to Defend Action Affecting Security. Secured Party may, at the expense of DebtorMoadel, appear in and defend any action or proceeding at law or in equity purporting to affect Secured Party's security interest Security Interest under this Agreement.

Appears in 1 contract

Samples: Assignment and Security Agreement (Prime Medical Services Inc /Tx/)

Right of Secured Party to Defend Action Affecting Security. Secured Party may, at the expense of Debtor, appear in and defend any action or proceeding at law or in equity purporting to affect Secured Party's security interest Security Interest under this Agreement.. ----------------------------------------------------------

Appears in 1 contract

Samples: Contribution Agreement (Prime Medical Services Inc /Tx/)

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Right of Secured Party to Defend Action Affecting Security. The Secured Party may, at the expense of DebtorDebtors expense, appear in and defend any action or proceeding at law or in equity purporting to affect the Secured Party's ’s security interest under this Security Agreement.

Appears in 1 contract

Samples: Security Agreement (Hoku Scientific Inc)

Right of Secured Party to Defend Action Affecting Security. Secured Party may, at the expense of DebtorPledgor, appear in and defend any action or proceeding at law or in equity purporting to affect Secured Party's security interest under this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (Boundless Motor Sports Racing Inc)

Right of Secured Party to Defend Action Affecting Security. Secured Party may, at the expense of DebtorLASIK, appear in and defend any action or proceeding at law or in equity purporting to affect Secured Party's security interest Security Interest under this Agreement.

Appears in 1 contract

Samples: Assignment and Security Agreement (Prime Medical Services Inc /Tx/)

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