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), Discretionary Credit Agreement (Medicalcv Inc), Discretionary Credit Agreement (Medicalcv Inc)

AutoNDA by SimpleDocs

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: Open End Mortgage, Assignment of Rents and Security Agreement (Spectran Corp), Loan Agreement (Spectran Corp), Mortgage, Assignment of Rents and Security Agreement (Spectran Corp)

Rights in Property Held by the Lender. As security for the prompt satisfaction of all Obligations, the 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 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 be independent of of, and in addition to, any right of setoff which set-off that the Lender may havehas under Section 8.07 or otherwise.

Appears in 2 contracts

Samples: Demand Line of Credit Loan and Security Agreement (Vivid Technologies Inc), Line of Credit Loan and Security Agreement (Vivid Technologies 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 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)

AutoNDA by SimpleDocs

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.)

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)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!