Secured Agreement Clause Samples
A Secured Agreement is a contractual provision that establishes a security interest in specific assets to guarantee the fulfillment of an obligation, typically the repayment of a loan or performance of a duty. In practice, this clause identifies the collateral—such as equipment, inventory, or real estate—that the borrower pledges to the lender, and outlines the conditions under which the lender may claim the collateral if the borrower defaults. The core function of a Secured Agreement is to reduce the lender's risk by providing a legal right to seize and sell the collateral, thereby increasing the likelihood of recovering the owed amount in case of non-payment.
Secured Agreement. To secure this Loan Agreement I give you a security interest in the Property including existing and future improvements, easements, fixtures, attachments, replacements and additions to the Property, insurance refunds, and proceeds.
Secured Agreement. To secure this loan, I give you a security interest in My Homestead including existing and future improvements, easements, fixtures, attachments, replacements and additions to the property, insurance refunds, and proceeds. This security interest is intended to be limited to the homestead property and not other collateral, as required under the Texas Constitution.
Secured Agreement. To secure repayment of all obligations evidenced by this Agreement and performance of all of Company’s obligations hereunder, Company, grants Holder a second priority security interest (subject to the first lien held by Laurus Master Fund, LTD) in all of Company’s inventory, accounts, equipment, cash, deposit accounts, securities, Intellectual Property (as defined in Exhibit A hereto), chattel paper, general intangibles and instruments, now existing or hereafter arising, and all proceeds thereof, as such terms are defined in the California Uniform Commercial Code (the “UCC”), whether now owned or hereafter acquired, or any value received in exchange for any of the foregoing (collectively, the “Collateral”) as set forth in Exhibit A. Company shall take such actions as Holder reasonably requests from time to time to perfect or continue the second priority security interest granted hereunder including, without limitation, the filing of all necessary UCC financing statements in connection therewith. Company shall not dispose of or encumber all or any substantial part of the Collateral, other than in the ordinary course of business, without the prior written consent of Holder.
Secured Agreement. To secure repayment of all obligations evidenced by this Agreement and performance of all of Company's obligations hereunder, Company, grants Holder a first priority security interest, in all of Company's inventory, accounts, equipment, cash, deposit accounts, securities, Intellectual Property (as defined in Exhibit A hereto), chattel paper, general intangibles and instruments, now existing or hereafter arising, and all proceeds thereof, as such terms are defined in the California Uniform Commercial Code (the "UCC"), whether now owned or hereafter acquired, or any value received in exchange for any of the foregoing (collectively, the "Collateral") as set forth in Exhibit A. Company shall take such actions as Holder reasonably requests from time to time to perfect or continue the first priority security interest granted hereunder including, without limitation, filing UCC-1 financing statements in connection therewith. Company shall not dispose of or encumber all or any substantial part of the Collateral without prior written consent of Holder.
Secured Agreement. To secure repayment of all obligations evidenced by this Agreement and performance of all of Borrower's obligations hereunder, Borrower grants Sand Hill a security interest in the property described in Exhibit A attached hereto (the "Collateral"). Borrower shall take such actions as Sand Hill shall reasonably request from time to time to perfect or continue the security interest granted hereunder. Borrower shall not dispose of its property except in the ordinary course of business or encumber any part of its property without Sand Hill's prior written consent.
Secured Agreement. To secure repayment of all obligations evidenced by this Agreement and performance of all of Borrower's obligations hereunder (including interest accruing after an Insolvency Event), Borrower grants Sand Hill a security interest in the property described in EXHIBIT A attached hereto (the "Collateral"). Borrower shall take such actions as Sand Hill requests from time to time to perfect or continue the security interest granted hereunder. Borrower shall not dispose of or encumber or permit to be encumbered or attached any part of the Collateral without Sand Hill's prior written consent except for dispositions of inventory made in the ordinary course of Borrower's business.
Secured Agreement. To secure repayment of all obligations evidenced by ----------------- this Agreement and performance of all of Borrower's obligations hereunder (including interest accruing after an Insolvency Event), Borrower grants Sand Hill a security interest in the property described in Exhibit A attached hereto --------- (the "Collateral").
Secured Agreement. To secure repayment of all obligations evidenced by this Agreement and performance of all of Borrower's obligations hereunder (including interest accruing after an Insolvency Event), Borrower grants Sand Hill a security interest in the property described in Exhibit A attached hereto (the "Collateral"). Borrower shall take such actions as Sand Hill requests from time to time to perfect or continue the security interest granted hereunder. Borrower shall not dispose of or encumber or permit to be encumbered or attached any part of the Collateral without Sand Hill's prior written consent, except for the security interest granted to Imperial Bank ("Bank") under that certain Loan and Security Agreement between Borrower and Bank of even date herewith (the "Bank Loan Agreement") and dispositions of inventory made in the ordinary course of Borrower's business.
Secured Agreement. To secure repayment of all obligations evidenced by this Agreement and performance of all of Company's obligations hereunder, Company grants Holder a security interest, (subject only to the Senior Liens listed on Schedule 1 (the "Senior Liens") in all of Company's inventory, accounts, equipment, cash, deposit accounts, securities, Intellectual Property (as defined in Exhibit A hereto), chattel paper, general intangibles and instruments, now existing or hereafter arising, and all proceeds thereof, as such terms are defined in the Uniform Commercial Code (the "UCC"), whether now owned or hereafter acquired, or any value received in exchange for any of the foregoing (collectively, the "Collateral") as set forth in Exhibit A. Company shall take such actions as Holder reasonably requests from time to time to perfect or continue the second priority security interest granted hereunder including, without limitation, filing UCC-1 financing statements in connection therewith. Company, except in the ordinary course of business, shall not dispose of or encumber all or any substantial part of the Collateral without prior written consent of Holder.
Secured Agreement when used with respect to any Secured Obligation, refers collectively to each instrument, agreement or other document that sets forth obligations of the Canadian Grantors and/or rights of the holder with respect to such Secured Obligation.