Common use of Secured Note Clause in Contracts

Secured Note. The full amount of this Note is secured by the Collateral identified and described as security therefore in the Security Agreement executed by and delivered by Borrower to Lender. Borrower shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral against and take such other action as is necessary to remove, any Lien on or in the Collateral, or in any portion thereof.

Appears in 2 contracts

Samples: Consent, Transfer, Assumption and Amendment Agreement (XOMA Corp), Loan Transfer Consent (XOMA Corp)

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Secured Note. The full amount of this Note is secured by the Collateral collateral identified and described as security therefore therefor in the Security Agreement executed by and delivered by Borrower to LenderAgreement. Borrower shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral collateral against and take such other action as is necessary to remove, any Lien lien on or in the Collateralcollateral, or in any portion thereof.Thereof

Appears in 1 contract

Samples: Promissory Note (Sbe Inc)

Secured Note. The full amount of this Note is secured by the Collateral collateral identified and described as security therefore therefor in the Security Agreement executed by and delivered by Borrower to LenderAgreement. Borrower shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral collateral against and take such other action as is necessary to remove, any Lien lien on or in the Collateralcollateral, or in any portion thereof, except as permitted pursuant to the Security Agreement. To the extent Borrower is unable to satisfy this Note when due with the collateral described in the Security Agreement, the Company may hold Borrower personally liable for this Note or assert any claim against Borrower for the payment of this Note.

Appears in 1 contract

Samples: Loan Agreement (Scientific Learning Corp)

Secured Note. The full amount of this Note is secured by the Collateral identified and described as security therefore therefor in the Security Agreement executed by and delivered by Borrower to LenderBorrower. Borrower shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral against and take such other action as is necessary to remove, any Lien on or in the Collateral, or in any portion thereof.or

Appears in 1 contract

Samples: Credit Agreement (Software Net Corp)

Secured Note. The full amount of this Note is secured by the Collateral collateral identified and described as security therefore therefor in the Security Agreement executed by and delivered by Borrower to LenderDeed of Trust. Borrower shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral collateral against and take such other action as is necessary to remove, any Lien lien on or in the Collateralcollateral, or in any portion thereof.

Appears in 1 contract

Samples: Executive Relocation Loan Agreement (Ross Stores Inc)

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Secured Note. The full amount of this Note is secured by the Collateral identified and described as security therefore in the Security Agreement executed by and delivered by Borrower to LenderBorrower. Borrower shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral against and take such other action as is necessary to remove, any Lien on or in the Collateral, or in any portion thereof, except as permitted pursuant to the Security Agreement.

Appears in 1 contract

Samples: Loan Agreement (Integrated Surgical Systems Inc)

Secured Note. The full amount of this Note is secured by the Collateral collateral identified and described as security therefore therefor in the Security Agreement executed by and delivered by Borrower to LenderAgreement. Borrower shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral collateral against and take such other action as is necessary to remove, any Lien lien on or in the Collateralcollateral, or in any portion thereofthereof except as permitted pursuant to the Security Agreement.

Appears in 1 contract

Samples: Stock Pledge Agreement (Petsmart Inc)

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