Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Event of Default demand, sue for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company may at any time be applied to or set off against any of the Obligations then due and owing.
Appears in 8 contracts
Samples: Security Agreement (Red Cat Holdings, Inc.), Security Agreement (Golden Matrix Group, Inc.), Security Agreement (Northann Corp.)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Event of Default demand, sue sxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company may at any time be applied to or set off against any of the Obligations then due and owing.
Appears in 6 contracts
Samples: Security Agreement (Wisa Technologies, Inc.), Security Agreement (Wisa Technologies, Inc.), Security Agreement (Marizyme Inc)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, may following and during the continuance of a payment default or an Event of Default demand, sue xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company Debtor may at any time be applied to or set off against any of the Obligations then due and owingObligations.
Appears in 5 contracts
Samples: Security Agreement (Cardinal Ethanol LLC), Security Agreement (Solar Power, Inc.), Security Agreement (Solar Power, Inc.)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Default and Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, may following and during the continuance of a payment default or an Default and Event of Default demand, sue xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company Debtor may at any time be applied to or set off against any of the Obligations then due and owing.
Appears in 4 contracts
Samples: Contract for the Purchase of Seattle Corporate Office and Use of Itex Client Information (Itex Corporation), Contract for the Purchase of Corporate Office and Use of Client Information (Itex Corporation), Contract for the Purchase of Sacramento Corporate Office and Use of Itex Client Information (Itex Corporation)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Event of Default demand, sue sxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company such Grantor may at any time be applied to or set off against any of the Obligations then due and owing.
Appears in 2 contracts
Samples: Guarantors Security Agreement (Marizyme Inc), Unit Purchase Agreement (Marizyme Inc)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Event of Default demand, sue xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the a Company may at any time be applied to or set off against any of the Obligations then due and owing.
Appears in 2 contracts
Samples: Security Agreement (COMSovereign Holding Corp.), Security Agreement (COMSovereign Holding Corp.)
Securities and Deposits. The Secured Party may may, at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Secured Obligations. Whether or not any Secured Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Event of Default Default, demand, sue xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Secured Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company Debtor may at any time be applied to or set off against any of the Obligations then due and owingSecured Obligations.
Appears in 1 contract
Samples: Asset Purchase Agreement (Greenrose Acquisition Corp.)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Event of Default demand, sue sxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company may at any time be applied to or set off against any of the Obligations then due and owing.
Appears in 1 contract
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Event of Default demand, sue xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company may at any time be applied to or set off against any of the Obligations then due and owing.
Appears in 1 contract
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Event of Default demand, sue for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company Debtors may at any time be applied to or set off against any of the Obligations then due and owing.
Appears in 1 contract
Samples: Security Agreement (Know Labs, Inc.)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Secured Obligations. Whether or not any Secured Obligations are due, the Secured Party may, may following and during the continuance of a payment default or an Event of Default demand, sue sxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of the Collateral or any other security for the Secured Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company Grantor may at any time be applied to or set off against any of the Secured Obligations then due and owing.
Appears in 1 contract
Samples: Pledge and Security Agreement (Real Industry, Inc.)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of DefaultDefault and notice to the Customer, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, (other than SS/L or its affiliates) may following and during the continuance of a payment default or an Event of Default demand, sue xxx for, collect, or make any settlement or compromise which it deems desirable with respect to any securities constituting the Collateral. Regardless of the adequacy of such Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company Customer may at any time be applied to or set off against any of the Obligations then due and owingObligations.
Appears in 1 contract
Samples: Customer Credit Agreement (Sirius Satellite Radio Inc)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default Default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Secured Obligations. Whether or not any Secured Obligations are due, the Secured Party may, may following and during the continuance of a payment default Default or an Event of Default demand, sue xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Secured Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company Debtor may at any time be applied to or set off against any of the Secured Obligations then due and owing.
Appears in 1 contract
Samples: Security Agreement (Gulfstream International Group Inc)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Default and Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, may following and during the continuance of a payment default or an Default and Event of Default demand, sue xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company may at any time be applied to or set off against any of the Obligations then due and owingdue.
Appears in 1 contract
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Default and Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, may following and during the continuance of a payment default or an Default and Event of Default demand, sue xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party or any Lender to the Company Debtor may at any time be applied to or set off against any of the Obligations then due and owingObligations.
Appears in 1 contract
Samples: Security Agreement (Virtusa Corp)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Event of Default demand, sue for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company such Grantor may at any time be applied to or set off against any of the Obligations then due and owing.
Appears in 1 contract
Samples: Security Agreement (Northann Corp.)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities cash, securities, or financial assets constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, may following and during the continuance of a payment default or an Event of Default demand, sue for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company any Debtor may at any time be applied to or set off against any of the Obligations then due and owingObligations.
Appears in 1 contract
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Default and Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Default and Event of Default Default, demand, sue xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company Debtor may at any time be applied to or set off against any of the Obligations then due and owingObligations.
Appears in 1 contract
Samples: Security Agreement (Nautilus, Inc.)
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Default and Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, may following and during the continuance of a payment default or an Default and Event of Default demand, sue for, collect, or make any axx settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company Debtor may at any time be applied to or set off against any of the Obligations then due and owingObligations.
Appears in 1 contract
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Event of Default demand, sue for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company may at any time be applied to or set off against any of the Obligations then due and owing.
Appears in 1 contract
Securities and Deposits. The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Secured Obligations. Whether or not any Secured Obligations are due, the Secured Party may, may following and during the continuance of a payment default or an Event of Default demand, sue xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Secured Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company Grantors may at any time be applied to or set off against any of the Secured Obligations then due and owing.
Appears in 1 contract
Samples: Pledge and Security Agreement (GenuTec Business Solutions, Inc.)
