Secured Obligations Secured Sample Clauses
The "Secured Obligations Secured" clause defines the specific debts, liabilities, or obligations that are protected or backed by collateral under a security agreement. In practice, this clause typically lists or describes the types of obligations—such as loans, guarantees, or future advances—that the security interest covers, ensuring that the collateral secures not just current but also potential future obligations. Its core function is to clearly delineate the scope of what is secured, thereby preventing disputes over which obligations are covered and providing certainty to both the lender and borrower.
Secured Obligations Secured. The security interest created hereby in the Collateral constitutes continuing collateral security for all of the following obligations, indebtedness and liabilities, whether now existing or hereafter incurred or arising:
Secured Obligations Secured. (a) The security interest created hereby in the Collateral secures the payment and performance of all Secured Obligations.
(b) Without limiting the generality of the foregoing, this Agreement secures the payment of all amounts that constitute part of the Secured Obligations and would be owed by any Credit Party to any Beneficiary under the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving a Credit Party.
Secured Obligations Secured. (a) The security interest created hereby in the Collateral secures the payment and performance of all Secured Obligations.
(b) Without limiting the generality of the foregoing, this Agreement secures, as to Grantor, the payment of all amounts that constitute part of the Secured Obligations and would be owed by any Credit Party to any Beneficiary under the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving a Restricted Person.
(c) Notwithstanding any other provision of this Agreement, with respect to any Grantor, the liability of such Grantor hereunder and under each other Loan Document to which it is a party shall be limited to the maximum liability that such Grantor may incur without rendering this Agreement and such other Loan Document subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provision or any applicable state or federal law. This subsection (c) shall not apply to the Borrower.
Secured Obligations Secured. The security interest created hereby in the Collateral secures the payment and performance of all Secured Obligations.
Secured Obligations Secured. The Security Interest granted hereby secures payment and performance of the Obligations. If the security interest in the Collateral is not sufficient, in the event of default, to satisfy all Obligations of Debtor, Debtor acknowledges and agrees that Debtor shall continue to be liable for any Obligations remaining outstanding and Secured Party shall be entitled to pursue full payment thereof.
Secured Obligations Secured. (a) The security interest created hereby in the Collateral secures the payment and performance of all Secured Obligations.
(b) Without limiting the generality of the foregoing, this Agreement secures, as to Grantor, the payment of all amounts that constitute part of the Secured Obligations and would be owed by any Restricted Person to any Beneficiary under the Note Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving a Restricted Person.
(c) Notwithstanding any other provision of this Agreement, with respect to any Grantor, the liability of such Grantor hereunder and under each other Note Document to which it is a party shall be limited to the maximum liability that such Grantor may incur without rendering this Agreement and such other Note Documents subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provision of any applicable state or federal law. This subsection (c) shall not apply to Company, or Rio Vista ECO LLC.
Secured Obligations Secured. (1) The security interest granted hereby (the "Security Interest") secures the payment and performance of all debts, liabilities and obligations, present or future, direct or indirect, absolute or contingent, matured or unmatured, at any time or from time to time due or accruing due and owing by or otherwise payable by the Obligor to the Collateral Agent and the Secured Creditors, in any currency, and whether incurred by the Obligor alone or with another or others, arising out of, in connection with or pursuant to the Guarantee and the other Loan Documents to which it is a party (collectively, and together with the expenses, costs and charges set out in Section 2.2(2), the "Secured Obligations").
(2) All expenses, costs and charges incurred by or on behalf of the Collateral Agent and the Secured Creditors in connection with this amended and restated security agreement, the Security Interest or the Collateral, including all legal fees, court costs, receiver's or agent's remuneration and other expenses of taking possession of, repairing, protecting, insuring, preparing for disposition, realizing, collecting, selling, transferring, delivering or obtaining payment for the Collateral, and of taking, defending or participating in any action or proceeding in connection with any of the foregoing matters or otherwise in connection with the Secured Creditors' interest in any Collateral, whether or not directly relating to the enforcement of this amended and restated security agreement or any other Credit Document, shall be added to and form a part of the Secured Obligations.
Secured Obligations Secured. The security interest created by each Grantor hereunder in its Collateral constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter incurred or arising, including all renewals, extensions, amendments, modifications, supplements, or restatements of or substitutions for any of the Secured Obligations. Without limiting the generality of the foregoing, the Secured Obligations shall include all post-petition interest, expenses, and other duties and liabilities with respect to indebtedness or other obligations described above in this Section 2.2, which would be owed but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization, or similar proceeding. It is the intention of each Grantor which is a Subsidiary of Borrower and Secured Party that this Agreement not constitute a fraudulent transfer or fraudulent conveyance under any Law that may be applied hereto. Each Grantor which is a Subsidiary of Borrower and, by its acceptance hereof, Secured Party hereby acknowledges and agrees that, notwithstanding any other provision of this Agreement: (a) with respect to such Grantor, the indebtedness secured hereby shall be limited to the maximum amount of indebtedness that can be incurred or secured by such Grantor without rendering the Grantor insolvent or rendering the security interests granted, and obligations incurred, hereunder by such Grantor, subject to avoidance under S▇▇▇▇▇▇ ▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Bankruptcy Code or any comparable provisions of any applicable Law, and (b) the Collateral pledged by such Grantor hereunder shall be limited to the maximum amount of Collateral that can be pledged by such Grantor without rendering the pledge of Collateral by such Grantor subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable Law. Each Grantor hereby acknowledges that the Secured Obligations are owed to the various Credit Parties and that each Credit Party is entitled to the benefits of the Liens given under this Agreement.
Secured Obligations Secured. This Agreement is made, and the security interest created hereby is granted to Lender, to secure prompt payment of the Secured Obligations (as defined in the Loan Agreement) and the prompt performance of each of the covenants and duties of Borrower under the Loan Documents (as defined in the Loan Agreement).
Secured Obligations Secured. (1) The pledge and hypothecation in this debenture pledge agreement (the "Pledge") secure the payment and performance of all debts, liabilities and obligations, present or future, direct or indirect, absolute or contingent, matured or unmatured, at any time or from time to time due or accruing due and owing by or otherwise payable by the Obligor to the Collateral Agent and the Secured Creditors, in any currency, and whether incurred by the Obligor alone or with another or others, arising out of, in connection with or pursuant to the Guarantee and any other Loan Document to which it is a party (collectively, and together with the expenses, costs and charges set out in Section 2.2(2), the "Secured Obligations").
(2) All expenses, costs and charges incurred by or on behalf of the Collateral Agent and the Secured Creditors in connection with this debenture pledge agreement, the Debenture or the Charged Premises (as defined in the Debenture), including all legal fees, court costs, receiver's or agent's remuneration and other expenses of taking possession of, repairing, protecting, insuring, preparing for disposition, realizing, collecting, selling, transferring, delivering or obtaining payment for the Charged Premises, and of taking, defending or participating in any action or proceeding in connection with any of the foregoing matters or otherwise in connection with the Collateral Agent and the Secured Creditors' interest in any Charged Premises, whether or not directly relating to the enforcement of this debenture pledge agreement or any other Credit Document, shall be added to and form a part of the Secured Obligations.