Common use of Secured Party's security interest in the Collateral Clause in Contracts

Secured Party's security interest in the Collateral. shall attach to the full extent provided or permitted by law to the proceeds, in whatever form, of any disposition of said Collateral or to any part thereof by Debtor until such proceeds are remitted and accounted for as provided herein. Debtor will notify Secured Party before Debtor signs, executes or authorizes any financing statement regardless of coverage.

Secured Party's security interest in the Collateral. shall attach to the full extent provided or permitted by law to the proceeds, in whatever form, of any a disposition of said Collateral or to any part thereof by Debtor until such proceeds are remitted and accounted for as provided herein. Debtor will notify Secured Party before Debtor signs, executes or authorizes any financing statement regardless of coverage.