SECURITY FOR CONTINUING GUARANTY Sample Clauses
The 'Security for Continuing Guaranty' clause establishes that specific assets or collateral are provided to secure the obligations of a guarantor under a continuing guaranty agreement. In practice, this means that if the principal debtor defaults, the creditor can claim against the designated security—such as cash deposits, property, or other pledged assets—to recover outstanding debts. This clause ensures that the creditor has an additional layer of protection and recourse, thereby reducing the risk of loss if the guarantor or principal debtor fails to fulfill their obligations.
SECURITY FOR CONTINUING GUARANTY. This Continuing Guaranty is secured by the security interest granted by Guarantor pursuant to that certain Security Agreement between Guarantor and Lender dated as of even date herewith (the "Security Document").
SECURITY FOR CONTINUING GUARANTY. This Continuing Guaranty is secured by the collateral pledged by Guarantor and Borrower pursuant to the Loan Agreement and the other Loan Documents.
SECURITY FOR CONTINUING GUARANTY. Polyphase's performance under this -------------------------------- Guaranty is secured in accordance with the terms of the Pledge Agreement, and Overhill Ventures' performance under this Guaranty is secured in accordance with the terms of the Loan Agreement. In addition, to secure such performance under this Guaranty, each Guarantor grants to Bank a Lien upon all monies, general and special deposits, Instruments, and other property of such Guarantor at any time maintained with or held by Bank, and all Proceeds of the foregoing.
SECURITY FOR CONTINUING GUARANTY. This Continuing Guaranty is secured by that certain Security Agreement of even date herewith between Galveston's Steakhouse Corp. and Lender (the "Security Document").
SECURITY FOR CONTINUING GUARANTY. This Continuing Guaranty is secured by various deeds of trust and/or mortgages and/or security agreements and/or pledge agreements and/or assignments executed by Guarantor (collectively, the "Security Document").
SECURITY FOR CONTINUING GUARANTY. This Continuing Guaranty is secured by that certain Security Agreement executed by the Guarantor in favor of the Agent and dated as of even date herewith in the form attached hereto as Exhibit A and each of the documents, instruments, and agreements executed and delivered from time to time by the Guarantor in connection herewith or therewith, together with any and all other security agreements and mortgages or deeds of trust (if any) executed and delivered to the Agent by the Guarantor whether now existing or hereafter created, as each of the foregoing may be modified, amended, restated, supplemented or replaced from time to time (all such documents directly or indirectly securing any of the Guarantied Obligations are herein referred to, collectively, as the “Security Documents”).
SECURITY FOR CONTINUING GUARANTY. This Continuing Guaranty is secured by that certain Security Agreement executed by each Guarantor in favor of the Agent and dated as of even date herewith and each of the documents, instruments, and agreements executed and delivered from time to time by the Guarantor in connection herewith or therewith, together with any and all pledge agreements, trademark security agreements, patent assignments (if any), deposit account control agreements, mortgages or deeds of trust (if any) executed and delivered to the Agent by each Guarantor whether now existing or hereafter created, as each of the foregoing may be modified, amended, restated, supplemented or replaced from time to time (all such documents directly or indirectly securing any of the Guarantied Obligations are herein referred to, collectively, as the “Security Documents”).