Common use of SECURED OBLIGATIONS OF DEBTOR Clause in Contracts

SECURED OBLIGATIONS OF DEBTOR. The Collateral secures and shall hereafter secure (i) the payment by Debtor to Secured Party of all indebtedness now or hereafter owed to Secured Party by Debtor under the Note or this Security Agreement (collectively, the "Transaction Documents"), whether at stated maturity, by acceleration or otherwise, together with any interest thereon, (ii) the performance by Debtor of all other obligations under the Security Agreement, (iii) any and all sums advanced by Secured Party in order to preserve the Collateral or preserve Secured Party's security interest in the Collateral (or the priority thereof) and (iv) the expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing of or realizing on the Collateral, of any proceeding for the collection or enforcement of any indebtedness, obligations or liabilities of Secured Party referred to above, or of any exercise by Secured Party of its rights hereunder, together with reasonable attorneys fees and disbursements and court costs (collectively, the "Secured Obligations"). All payments and performance by Debtor with respect to any Secured Obligations shall be in accordance with the terms under which said indebtedness, obligations and liabilities were or are hereafter incurred or created.

SECURED OBLIGATIONS OF DEBTOR. The Collateral secures and shall hereafter secure (i) the payment Payment by Debtor to Secured Party of all indebtedness now or hereafter owed pursuant to the Offering Documents to Secured Party by Debtor under the Note or this Security Agreement (collectivelyDebtor, including, without limitation, the "Transaction Documents"), whether at stated maturity, by acceleration or otherwiseloan made to Debtor pursuant to the Investor Notes, together with any interest thereonthereon and extensions, modifications and renewals thereof, (ii) the payment by Debtor, or reimbursement to Secured Party, of all fees, costs or expenses to be paid, incurred or borne by Debtor pursuant to any of the Offering Documents, and (iii) the performance by Debtor of all other obligations under and the Security Agreement, (iii) any and discharge of all sums advanced by Secured Party in order other liabilities to preserve the Collateral or preserve Secured Party's security interest in the Collateral (or the priority thereof) and (iv) the expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing of or realizing on the Collateral, of any proceeding for the collection or enforcement of any indebtedness, obligations or liabilities of Secured Party referred to above, or of any exercise by Secured Party of its rights hereunderevery kind and character, together with reasonable attorneys fees and disbursements and court costs direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising under this Agreement or any of the other Offering Documents (collectively, the foregoing are collectively referred to as the "Secured Obligations"). All payments and performance by Debtor with respect to any Secured Obligations shall be in accordance with the terms under of the Offering Documents. Debtor shall reimburse Secured Party on demand for any and all amounts expended by Secured Party in accordance with, or in the enforcement (judicially or otherwise) or exercise of its rights under, the terms of this Agreement, including attorneys' fees, which said indebtedness, obligations and liabilities were or amounts are hereafter incurred or createdincluded in the Secured Obligations secured hereunder.

SECURED OBLIGATIONS OF DEBTOR. (a) The Collateral secures and shall hereafter secure (i) the payment by Debtor to Secured Party of all indebtedness now or hereafter owed to Secured Party by Debtor under the Note or this Security Agreement following (collectively, the "Transaction Documents")“Secured Obligations”): each and every debt, liability and obligation of every type and nature which Debtor may now or at any time hereafter owe to Secured Party or any Affiliate of Secured Party, whether at stated maturitynow existing or hereafter created or arising, by acceleration and whether direct or indirect, due or to become due, absolute or contingent, or otherwise, together including without limitation, all principal, interest, compensation, fees, expenses and other charges, obligations or amounts. (b) The Secured Obligations include without limitation (i) each and every debt, liability and obligation of every type and nature which Debtor may now or at any time hereafter owe to Secured Party or any Affiliate of Secured Party under or with respect to the Note, the Development Agreement, this Agreement, or any interest thereonother Transaction Document, (ii) without limiting the performance by Debtor generality of all other obligations under the Security Agreementforegoing clause (i), (iii) any and all sums advanced by Secured Party or any Affiliate of Secured Party in order to preserve the Collateral or preserve Secured Party's security interest in the Collateral Security Interest (or the priority thereof), and (iii) without limiting the generality of the foregoing clauses (i) and (iv) the ii), any and all expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing of or realizing on the Collateral, of any proceeding for the collection or enforcement of any indebtednessdebt, obligations liability or liabilities obligation of Secured Party Debtor referred to above, or of any exercise by Secured Party of its rights hereunder, together with reasonable attorneys attorneys’ fees and disbursements and court costs costs. (collectively, the "Secured Obligations"). c) All payments and performance by Debtor with respect to any Secured Obligations shall be in accordance with the terms under which said indebtedness, obligations and liabilities such Secured Obligations were or are hereafter incurred or created.