Right to Pledge. Borrower has full right, power and authority to grant to Lender a security interest in the Collateral on the terms set forth herein, and the grant of such security interest shall not result in Borrower being in default of any other Debt or require Borrower to grant a Lien on any Collateral to the holder of any such Debt.
Appears in 2 contracts
Samples: Loan and Security Agreement (Haemacure Corp), Loan and Security Agreement (National Rv Holdings Inc)
Right to Pledge. Borrower has full right, power and authority to grant to Lender a security interest in the Collateral on the terms set forth herein, and the grant of such security interest shall not result in Borrower being in default of any other Debt or require Borrower to grant a Lien xxxxx x Xxxx on any Collateral to the holder of any such Debt.
Appears in 1 contract
Samples: Loan and Security Agreement (Natural Alternatives International Inc)
Right to Pledge. Borrower has full right, power and authority to grant to Lender a security interest in the Collateral on the terms set forth herein, and the grant of such security interest shall not result in Borrower being in default of any other Debt contract or obligation or require Borrower to grant a Lien xxxxx x Xxxx on any Collateral to the holder of any such Debtother Person.
Appears in 1 contract
Samples: Loan and Security Agreement (LCC International Inc)
