Right to Grant Security Interest. Borrower has the right to grant a security interest in the Equipment Collateral. Borrower will pay all taxes and other charges against the Equipment Collateral, Borrower will not use the Equipment Collateral illegally or allow the Equipment Collateral to be encumbered except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances.
Appears in 3 contracts
Samples: Loan and Security Agreement (Headhunter Net Inc), Loan and Security Agreement (Headhunter Net Inc), Loan and Security Agreement (Headhunter Net Inc)
Right to Grant Security Interest. Borrower has the right to ---------------------------------- grant a security interest in the Equipment Collateral. Borrower will pay all taxes and other charges against the Equipment Collateral, Borrower will not use the Equipment Collateral illegally or allow the Equipment Collateral to be encumbered except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances.
Appears in 2 contracts
Samples: Loan and Security Agreement (Concurrent Computer Corp/De), Loan and Security Agreement (Concurrent Computer Corp/De)
