Security for Indebtedness. The Collateral shall secure the payment and performance of all of Grantor’s obligations under the Purchase Agreement, the Note and this Assignment, and any amounts expended by or on behalf of Secured Party for the protection and preservation of the security interest granted herein (collectively, the “Indebtedness”).
Security for Indebtedness. You hereby charge to the Firm by way of first fixed charge a continuing security interest in, right of set-off to and general lien on and over all securities, cash, investment property, and other property in your Account and all your right, title, interest and benefit present and future in, to and under such property (“Collateral”). To the extent not effective charged under this clause 10.9, you assign, and agree to assign, absolutely and by way of security to the Firm all your rights, present and future, actual or contingent, relating to any of the Collateral. Subject to Applicable Rules, and without prior notice to you, the Firm may sell or transfer the Collateral to satisfy the discharge of your indebtedness and other obligations. The Firm also has the discretion to determine which securities and other properties are to be sold and which contracts are to be closed. In addition to the rights and remedies provided for in this Agreement, the Firm shall have all rights and remedies available to it as a secured creditor as permitted under the Applicable Rules. You hereby agree to execute such documents and take such action as the Firm shall reasonably request in order to perfect its rights with respect to the Collateral and maintain the priority of the Collateral as provided for herein. You hereby irrevocably and by way of security for the satisfaction and discharge of your indebtedness and other obligations, appoint the Firm to be your true and lawful attorney or attorneys (with full power to appoint substitutes and to sub-delegate) on your behalf and in your own name or otherwise, at any time and from time to time, to sign, seal, execute and deliver all documents, and do all such acts whatsoever as the Firm may deem necessary or desirable for creating, perfecting, protecting, maintaining or enforcing the security contemplated hereunder, protecting or exercising the rights of the Firm hereunder or under the Applicable Law.
Security for Indebtedness. You hereby grant the Firm a continuing security interest in, right of set-off to and general lien on all securities, cash, investment property, and other property in your Account (“Collateral”). Subject to Applicable Rules, and without prior notice to you, the Firm may sell or transfer the Collateral to satisfy the discharge of your indebtedness and other obligations. The Firm also has the discretion to determine which securities and other properties are to be sold and which contracts are to be closed.
Security for Indebtedness. All monies, securities, and other property which Xxxxxx Xxxxxxx & Co., Inc. may hold, carry or maintain for any account in which you have an interest, now or in the future, are subject to a lien for the discharge of all your indebtedness and liability to Xxxxxx Xxxxxxx & Co., Inc. Xxxxxx Xxxxxxx & Co., Inc. reserves the right to transfer all or any part of such monies, securities, and other property from any one of your accounts to any other of your accounts, should Xxxxxx Xxxxxxx & Co., Inc. deem such action necessary for its protection.
Security for Indebtedness. In your Customer Agreement with Xxxxxx Xxxxxxx & Co., Inc. you xxxxx x xxxx on all securities and other property held in any Xxxxxx Xxxxxxx & Co., Inc. account in which you have an interest, now or in the future, for the discharge of all your debts and other obligations owing to Xxxxxx Xxxxxxx & Co., Inc. This lien also secures any debit balance in your margin or short account, and extends to securities and other property that may not be acceptable as margin collateral under Xxxxxx Xxxxxxx & Co., Inc. rules or Federal Reserve Board regulations. together with the property of others, in an amount equal to the balance you owe to Xxxxxx Xxxxxxx & Co., Inc., or for a greater amount. Xxxxxx Xxxxxxx & Co., Inc. may do so without retaining in its possession or under its control for delivery a like amount of securities or other property.
Security for Indebtedness. As security for the payment of all Indebtedness of Borrowers to Bank, whether now or hereafter owing or existing including, without limitation, all obligations hereunder and under the Loan Documents, under the Loans, and for the payment, performance and discharge of all other obligations or undertakings now or hereafter made by or for the benefit of any Borrower to or for the benefit of Bank, under this Agreement or under any other agreement, promissory note or undertaking now existing or hereafter entered into by any Borrower with or to Bank, including any guaranty or surety obligations of any Borrower to Bank and the undertakings of any Borrower to immediately pay to Bank the amount of any overdraft on any deposit account maintained with Bank (all such obligations, indebtedness and undertakings being sometimes hereinafter referred to as the "BANK INDEBTEDNESS"), Borrowers hereby grant, or shall cause to be granted, to Bank a security interest in all of the following:
(a) All of Borrowers' existing and future accounts, contract rights, chattel paper, instruments and documents and all other rights to the payment of money whether or not yet earned, for services rendered or goods sold, consigned, leased or furnished by Borrowers or otherwise, together with (i) all goods (including any returned, rejected, repossessed or consigned goods), the sale, consignment, lease or other furnishings of which shall be given or may give rise to any of the foregoing, (ii) all of Borrowers' rights as a consignor, consignee, unpaid vendor or other lienor in connection therewith, including stoppage in transit, setoff, detinue, replevy and reclamation, (iii) all general intangibles related thereto, (iv) all guaranties, mortgages, security interest, assignments, and other encumbrances on real or personal property, leases and other agreements or property securing or relating to any of Borrowers' accounts, (v) choses-in-action, claims and judgments, (vi) any return or unearned premiums, which may be due upon cancellation of any insurance policies, and (vii) all products and proceeds of any of the foregoing.
(b) All of Borrowers' present and future inventory (including but not limited to goods held for sale or lease or furnished or to be furnished under contracts for service, raw materials, work-in-process, finished goods and goods used or consumed in Borrowers' business) whether owned, consigned or held on consignment, together with all merchandise, component materials, supplies, p...
Security for Indebtedness. You hereby pledge to ATBSI all of the securities and credit balances held by ATBSI for the account from time to time as continuing collateral security for the payment of any indebtedness to ATBSI arising for any reason, including, without limitation, any liability arising by reason of any guarantee by you of the account of any other person whether or not any amount owing relates to the collateral pledged.
Security for Indebtedness. All securities and other property whatsoever which you may hold, carry or maintain for any purpose, in or for any of my accounts, whether individually or jointly held with others, are subject to a lien in your favor for the discharge of all the indebtedness of me to you, and I hereby grant to you a continuing lien, security interest and right of set-off in all such property and securities whether now owned by me or hereafter acquired. You may hold securities and other property as security for the payment of any liability or indebtedness of me to you, and you shall have the right to transfer such securities and other property in any of my accounts from or to any other of my accounts, when in your judgement such transfer may be necessary for your protection. In enforcing your lien you shall have the right to sell, assign, and deliver all or any part of the securities or other property in any of my accounts when you deem it necessary for your protection. You reserve the right to close transactions in my account if you believe there is inadequate security for my obligation or upon an event which in your opinion jeopardizes my account. You shall have all rights of a secured party under the Uniform Commercial Code.
Security for Indebtedness. The Indebtedness evidenced by the Notes shall be secured by the Security Documents and the Collateral, as defined in the Loan Agreement, as hereby amended.
Security for Indebtedness. The grant of a security interest in, the Collateral by Debtor under this IP Security Agreement secures the prompt and complete payment and performance when due of all Indebtedness of Debtor, whether direct or indirect, now existing or hereafter arising, absolute or contingent, and whether for principal, reimbursement obligations, interest, premiums, penalties, fees, guarantee obligations, indemnifications, contract causes of action, costs, expenses or otherwise.
