Common use of Securities and Deposits Clause in Contracts

Securities and Deposits. The Lender may at any time following and during the continuance of 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 Lender may following and during the continuance of an Event of Default demand, 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 Lender to the Grantor may at any time be applied to or set off against any of the Obligations then due and owing.

Appears in 3 contracts

Samples: Security Agreement (Ecoark Holdings, Inc.), Security Agreement (Pinnacle Data Systems Inc), Security Agreement (Mod Pac Corp)

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Securities and Deposits. The Lender Bank may at any time following and during the continuance of 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 Lender Bank may following and during the continuance of an Event of Default demand, xxx 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 Lender Bank to the Grantor Borrower may at any time be applied to or set off against any of the Obligations then due and owingObligations.

Appears in 2 contracts

Samples: Security Agreement (XCel Brands, Inc.), Security Agreement (XCel Brands, Inc.)

Securities and Deposits. The Lender Purchasers may at any time following and during the continuance of an Event of Default, at its their option, transfer to itself themselves 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 Lender Purchasers may following and during the continuance of an Event of Default demand, xxx 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 Lender Purchasers to the Grantor Grantors may at any time be applied to or set off against any of the Obligations then due and owing.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Visual Networks Inc), Pledge and Security Agreement (Precision Optics Corporation Inc)

Securities and Deposits. The Lender may at any time following the occurrence and during the continuance of 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 Lender may following the occurrence and during the continuance of an Event of Default demand, 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 Lender to the Grantor Guarantor may at any time during the continuance of an Event of Default be applied to to, or set off against against, any of the Obligations then due and owing.

Appears in 2 contracts

Samples: Security Agreement (Lydall Inc /De/), Security Agreement (Lydall Inc /De/)

Securities and Deposits. The Lender may at any time following and during the continuance of 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 Lender may may, following and during the continuance of an Event of Default Default, demand, xxx 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 Lender to the Grantor Borrower may at any time be applied to or set off against any of the Obligations then due and owingObligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Planetout Inc)

Securities and Deposits. The Lender may at any time following and during the continuance of 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 Lender may may, following and during the continuance of an Event of Default Default, demand, xxx 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 Lender to the Grantor Company may at any time be applied to or set off against any of the Obligations then due and owingObligations.

Appears in 1 contract

Samples: Subordinated Loan Agreement (Rurbanc Data Services Inc)

Securities and Deposits. The Lender may at any time time, following the occurrence of, and during the continuance of 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, After the Lender may following occurrence of and during the continuance of an Event of Default Default, the Lender may demand, 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 Lender to the Grantor Company 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 (Precision Optics Corporation, Inc.)

Securities and Deposits. The Lender may at any time following and during the continuance of 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 Lender may following and during the continuance of an Event of Default demand, 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 Lender to the Grantor Borrower may at any time be applied to or set off against any of the Obligations then due and owingObligations.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Cascade Corp)

Securities and Deposits. The Lender may at any time following and during the continuance of 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 Lender may may, following and during the continuance of an Event of Default Default, demand, xxx sxx for, collect, or make any settlement or compromise 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 Lender to the Grantor Borrower may at any time be applied to or set off against any of the Obligations then due and owing.

Appears in 1 contract

Samples: Loan and Security Agreement (IEG Holdings Corp)

Securities and Deposits. The Lender may at any time following and during time, after the continuance occurrence of an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive and if Lender receives any income thereon and either hold such income as additional Collateral or apply it to the Obligations. Whether After the occurrence of an Event of Default, whether or not any Obligations are due, the Lender may following and during the continuance of an Event of Default demand, 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 Lender to the Grantor Debtor may at any time be applied to or set off against any of the Obligations then due and owingObligation.

Appears in 1 contract

Samples: Security Agreement (Global Aircraft Solutions, Inc.)

Securities and Deposits. The Lender may at any time following and during the continuance of 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 Lender may may, following and during the continuance of an Event of Default Default, demand, 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 Lender to the Grantor Company may at any time be applied to or set off against any of the Obligations then due and owingObligations.

Appears in 1 contract

Samples: Subordinated Loan Agreement (Rurbanc Data Services Inc)

Securities and Deposits. The Lender may at any time following and during the continuance of 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 Lender may may, following and during the continuance of an Event of Default demand, xxx sxx for, collect, or make any settlement or compromise which it deems desirable with respect to 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 Lender to the Grantor Company 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 (Janel Corp)

Securities and Deposits. The Lender may may, at any time following and during the continuance of an Event of Default, at its option, transfer to itself the Lender 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 Lender may may, following and during the continuance of an Event of Default demand, xxx for, collect, or make any settlement or compromise which it deems they deem 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 Lender to the Grantor Guarantor may at any time be applied to or set off against any of the Obligations then due and owingObligations.

Appears in 1 contract

Samples: Securities Purchase Agreement (Health Fitness Corp /Mn/)

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Securities and Deposits. The Lender may at any time following and during the continuance of 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 Lender may may, following and during the continuance of an Event of Default demand, xxx sue for, collect, or make any settlement or compromise which it deems desirable deemx xesirable with respect to 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 Lender to the Grantor Company 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 (Cohesant Inc.)

Securities and Deposits. The Lender may at any time following and during the continuance of an a 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 Lender may following and during the continuance of an Event of Default demand, 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 Lender to the Grantor Company may at any time be applied to or set off against any of the Obligations then due after occurrence and owingduring a continuance of a an Event of Default.

Appears in 1 contract

Samples: Revolving Loan Agreement (Aspect Medical Systems Inc)

Securities and Deposits. The Lender may at any time following and during ----------------------- the continuance of an Event of Defaulta default, at its option, transfer to itself or any nominee any securities constituting the 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 Lender may following and during the continuance of an Event of Default a default demand, xxx 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 Obligations, any deposits or other sums at any time credited by or due from the Lender to the Grantor Borrower 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 (Integrated Business Systems & Services Inc)

Securities and Deposits. The Lender may may, at any time following and during the continuance of an Event of Default, at its option, transfer to itself the Lender 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 Lender may may, following and during the continuance of an Event of Default demand, xxx for, collect, or make any settlement or compromise which it deems they deem 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 Lender to the Grantor Borrower may at any time be applied to or set off against any of the Obligations then due and owingObligations.

Appears in 1 contract

Samples: Securities Purchase Agreement (Health Fitness Corp /Mn/)

Securities and Deposits. The Lender may at any time following and during the continuance of an Event of Default, at its option, transfer to itself or any nominee nominee, for Collateral purposes, any securities constituting Collateral, receive any income thereon and if an Event of Default has occurred and is continuing, hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Lender may following and during the continuance of an Event of Default demand, 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 Lender to the Grantor Borrower 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 (Advanced BioEnergy, LLC)

Securities and Deposits. The Lender may at any time following the occurrence and during the continuance of 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 Lender may following the occurrence and during the continuance of an Event of Default demand, xxx 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 Lender to the Grantor Guarantor may at any time during the continuance of an Event of Default be applied to to, or set off against against, any of the Obligations then due and owing.

Appears in 1 contract

Samples: Security Agreement

Securities and Deposits. The Lender may at any time following and during the continuance of 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 Lender may may, following and during the continuance of an Event of Default Default, demand, 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 Lender to the Grantor Borrower 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: Security Agreement (Standard Management Corp)

Securities and Deposits. The Lender may at any time following and during the continuance of an a 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 Lender may may, following and during the continuance of an a Default and Event of Default demand, xxx for, collect, or make any settlement or compromise which it deems desirable with respect to 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 Lender to the Grantor Company may at any time be applied to or set off against any of the Obligations then due and owing.

Appears in 1 contract

Samples: Credit Agreement (International Baler Corp)

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