Security Agreement Re Sample Clauses
A Security Agreement is a legal clause that establishes a lender's security interest in specific assets of a borrower as collateral for a loan or obligation. In practice, this clause outlines which assets are covered, the rights and responsibilities of both parties, and the conditions under which the lender may take possession of the collateral if the borrower defaults. Its core function is to protect the lender by providing a legal mechanism to recover value if the borrower fails to meet their obligations, thereby reducing the lender's risk.
Security Agreement Re. Intellectual Property; and (iii) Pledge Agreement, each dated as of January 31, 1997 and hereby confirms that the Collateral Documents to which each is a party remain in full force and effect and the rights and remedies of the Agent thereunder, the obligations of the Subsidiary Guarantors thereunder and the liens and security interests created and provided for thereunder remain in full force and effect for the benefit and security of the indebtedness purported to be secured thereby and shall not be affected, impaired or discharged hereby.
Security Agreement Re. Intellectual Property from the Company to the Agent.
Security Agreement Re. Investment Account from Badger to the Agent (the "Badger Investment Security Agreement") (the Badger Security Agreement, the Badger Security Agreement, the PlasTechs Security Agreement and the Badger Investment Security Agreement being hereinafter collectively referred to as the "Security Agreements").