Common use of Security for Obligation Clause in Contracts

Security for Obligation. Borrower acknowledges, confirms and agrees that this Agreement sercures, and the assignment of the Patents is security for, the prompt payment in full when due, whether at stated maturity, by acceleration or otherwise, and performance of the Obligations, whether for principal, premium, interest, fees, costs and expenses, and all obligations of Borrower now or hereafter existing under this Agreement and under the First Amendment to the Security Agreement (collectively, the "Secured Obligations") including the Existing Obligations, and any and all other future advances, as well as all interest, fees, charges expenses, attorneys' fees and any other sum chargeable to borrower of any or all of its subsidiaries under any of the Loan Documents. Concurrently with the execution and delivery of this Agreement, each of the UCC-1 financing statement listed on Schedule I attached hereto shall be amended to assign the security interests represented thereby to the Agent.

Security for Obligation. Each of Assignor and Borrower acknowledges, confirms and agrees that this Agreement sercuressecures, and the assignment of the Patents is security for, the prompt payment in full when due, whether at stated maturity, by acceleration or otherwise, and performance of the Obligations, whether for principal, premium, interest, fees, costs and expenses, and all obligations of Borrower now or hereafter existing under this Agreement and under the First Amendment to the Security Agreement (collectively, the "Secured Obligations") including the Existing Obligations, and any and all other future advances, as well as all interest, fees, charges charges, expenses, attorneys' fees and any other sum chargeable to borrower of any or all of its subsidiaries under any of the Loan Documents. Concurrently with the execution and delivery of this Agreement, each of the UCC-1 financing statement listed on Schedule I attached hereto shall be amended to assign the security interests represented thereby to the Agent.

Security for Obligation. Borrower acknowledges, confirms and agrees that this Agreement sercuressecures, and the assignment of the Patents is security for, the prompt payment in full when due, whether at stated maturity, by acceleration or otherwise, and performance of the Obligations, whether for principal, premium, interest, fees, costs and expenses, and all obligations of Borrower now or hereafter existing under this Agreement and under the First Amendment to the Security Agreement (collectively, the "Secured Obligations") including the Existing Obligations, and any and all other future advances, as well as all interest, fees, charges expenses, attorneys' fees and any other sum chargeable to borrower of any or all of its subsidiaries under any of the Loan Documents. Concurrently with the execution and delivery of this Agreement, each of the UCC-1 financing statement listed on Schedule I attached hereto shall be amended to assign the security interests represented thereby to the Agent.

Security for Obligation. Each of Assignor and Borrower acknowledges, confirms and agrees that this Agreement sercures, and the assignment of the Patents is security for, the prompt payment in full when due, whether at stated maturity, by acceleration or otherwise, and performance of the Obligations, whether for principal, premium, interest, fees, costs and expenses, and all obligations of Borrower now or hereafter existing under this Agreement and under the First Amendment to the Security Agreement (collectively, the "Secured Obligations") including the Existing Obligations, and any and all other future advances, as well as all interest, fees, charges expenses, attorneys' fees and any other sum chargeable to borrower of any or all of its subsidiaries under any of the Loan Documents. Concurrently with the execution and delivery of this Agreement, each of the UCC-1 financing statement listed on Schedule I attached hereto shall be amended to assign the security interests represented thereby to the Agent.