Common use of Security for Indebtedness Clause in Contracts

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”).

Appears in 4 contracts

Samples: Stock Purchase Agreement (Aqua Power Systems Inc.), Assignment and Pledge of Stock (Aqua Power Systems Inc.), Assignment and Pledge of Stock (Aqua Power Systems Inc.)

AutoNDA by SimpleDocs

Security for Indebtedness. The Collateral shall secure the payment and performance of all of Grantor’s obligations under the Purchase Repurchase 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”).

Appears in 4 contracts

Samples: Assignment and Pledge of Stock and LLC Interest (NTR PLC), Stock Repurchase Agreement (Green Plains Renewable Energy, Inc.), Assignment and Pledge of Stock (NTR PLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!