Common use of Rights in Property Held by the Lender Clause in Contracts

Rights in Property Held by the Lender. As security for the prompt satisfaction of all Obligations, the Borrower hereby assigns, transfers and sets over to the Lender all of its right, title and interest in and to, and grants to the Lender a lien on and a security interest in, any amounts which may be owing from time to time by the Lender to the Borrower in any capacity, including, but without limitation, any balance or share belonging to the Borrower of any deposit or other account with the Lender, which lien and security interest shall be independent of any right of setoff which the Lender may have.

Appears in 5 contracts

Samples: Credit Agreement (Medicalcv Inc), Credit Agreement (Medicalcv Inc), October 2004 Credit Agreement (Medicalcv Inc)

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Rights in Property Held by the Lender. As security for the prompt satisfaction of all Obligations, the each Borrower hereby assigns, transfers transfers, and sets over to the Lender all of its right, title title, and interest in and to, and grants to the Lender a lien on and a security interest in, any all amounts which that may be owing owing, from time to time time, by the Lender to the any Borrower in any capacity, including, but without limitation, any balance or share belonging to the Borrower of any Borrower, or any deposit or other account with the Lender, which lien and security interest shall be independent of any right of setoff which the Lender may have.and

Appears in 3 contracts

Samples: Guaranty Agreement (Spectran Corp), Loan Agreement (Spectran Corp), Guaranty Agreement (Spectran Corp)

Rights in Property Held by the Lender. As further security for the prompt satisfaction of all Obligations, the Borrower hereby assigns, transfers and sets over to the Lender all of its right, title and interest in and to, and grants to the Lender a lien on and a security interest in, any all amounts which that may be owing from time to time by the Lender to the Borrower in any capacity, including, but without limitation, any balance or share belonging to the Borrower of any deposit or other account with the Lender, which lien and security interest shall be independent of any right of setoff set-off which the Lender may have.

Appears in 1 contract

Samples: Loan Agreement (Star Scientific Inc)

Rights in Property Held by the Lender. As security for the prompt satisfaction of all Obligations, the Borrower hereby assigns, transfers and sets over to the Lender all of its right, title and interest in and to, and grants to the Lender a lien on and a security interest in, any all amounts which that may be owing from time to time by the Lender to the Borrower in any capacity, including, but without limitation, any balance or share belonging to the Borrower of any deposit or other account with the Lender, which lien and security interest shall be independent of any right of setoff set-off which the Lender may have.

Appears in 1 contract

Samples: Loan and Security Agreement (RxElite, Inc.)

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Rights in Property Held by the Lender. As security for the prompt satisfaction of all Obligations, the Borrower hereby assigns, transfers and sets over to the Lender all of its right, title and interest in and to, and grants to the Lender a lien on and a security interest in, any all amounts which that may be owing owing, from time to time time, by the Lender to the Borrower in any capacity, including, but without limitation, any balance or share belonging to the Borrower of Borrower, or any deposit or other account with the Lender, which lien and security interest shall will be independent of of, and in addition to, any right of setoff which set-off that the Lender may havehas hereunder or otherwise.

Appears in 1 contract

Samples: Loan and Security Agreement (Intrinsix Corp)

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