Common use of Security Interest, Etc Clause in Contracts

Security Interest, Etc. The pledge and security interests herein created and provided for stand as direct and primary security for all of the Obligations. No application of any sums received by Bank in respect of the Collateral or any disposition thereof to the reduction of the Obligations or any part thereof shall in any manner entitle Pledgor to any right, title or interest in or to the Obligations or any collateral security therefor unless and until all Obligations have been fully paid and satisfied. Pledgor acknowledges and agrees that the pledge and security interests hereby created are absolute and unconditional and shall not in any manner be affected or impaired by any acts or omissions whatsoever of Bank or any other holder of any of the Obligations, and without limiting the generality of the foregoing, the pledge and security interests hereby created shall not be impaired by any acceptance by Bank or any other holder of any of the Obligations of any other security for or guarantors upon any of or by any failure, neglect or omission on the part of Bank or any other holder of any of the Obligations to realize upon or protect any of the Obligations or any collateral security therefor. The pledge and security interests hereby created shall not in any manner be impaired or affected by (and Bank, without notice to any Person are hereby authorized to make from time to time) any sale, pledge, surrender, compromise, settlement, release, renewal, extension, indulgence, alteration, substitution, exchange, change in, modification or disposition of any of the Obligations, or of any collateral security therefor, or of any guaranty thereof, or of any loan agreement executed in connection therewith.

Security Interest, Etc. 10.1 The pledge Pledge and security interests herein created and provided for stand as direct and primary security for all of the ObligationsLiabilities. No application of any sums received by Bank Pledgee in respect of the Collateral or any disposition thereof to the reduction of the Obligations Liabilities or any part thereof shall in any manner entitle Pledgor to any right, title or interest in or to the Obligations or Liabilities of any collateral Collateral security therefor unless and until all Obligations Liabilities have been fully paid and satisfied. Pledgor acknowledges and agrees that the pledge and security interests interest hereby created are absolute and unconditional and shall not in any manner be affected effected or impaired by any acts or omissions whatsoever of Bank Pledgee or any other holder of any of the ObligationsLiabilities, and without limiting the generality of the foregoing, the pledge and security interests hereby created hereof shall not be impaired by any acceptance by Bank Pledgee or any other holder of any of the Obligations Liabilities of any other security for or guarantors upon any of the Liabilities or by any failure, neglect or omission on the part of Bank Pledgee or any other holder of any of the Obligations to realize upon Liabilities, or protect of any of the Obligations or any collateral Collateral security therefor. ; The pledge Pledge and security interests hereby created hereof shall not in any manner be impaired or affected by (and Bankand, Pledgee, without notice to any Person are one is hereby authorized to make from time to time-to-time) any sale, pledge, surrender, compromise, settlement, release, renewal, extension, indulgence, alteration, substitution, exchange, change in, modification or disposition of any of the ObligationsLiabilities, or of any collateral security therefor, or of any guaranty thereof, or of any loan agreement executed in connection therewithherewith.

Security Interest, Etc. 10.1 The pledge Pledge and security interests herein created and provided for stand as direct and primary security for all of the ObligationsLiabilities. No application of any sums received by Bank Pledgee in respect of the Collateral or any disposition thereof to the reduction of the Obligations Liabilities or any part thereof shall in any manner entitle Pledgor to any right, title or interest in or to the Obligations or Liabilities of any collateral Collateral security therefor unless and until all Obligations Liabilities have been fully paid and satisfied. Pledgor acknowledges and agrees that the pledge and security interests interest hereby created are absolute and unconditional and shall not in any manner be affected effected or impaired by any acts or omissions whatsoever of Bank Pledgee or any other holder of any of the ObligationsLiabilities, and without limiting the generality of the foregoing, the pledge and security interests hereby created hereof shall not be impaired by any acceptance by Bank Pledgee or any other holder of any of the Obligations Liabilities of any other security for or guarantors upon any of the Liabilities or by any failure, neglect or omission on the part of Bank Pledgee or any other holder of any of the Obligations Liabilities to realize upon or protect any of the Obligations Liabilities, or of any collateral Collateral security therefor. The pledge Pledge and security interests hereby created hereof shall not in any manner be impaired or affected by (and Bankand, Pledgee, without notice to any Person are one is hereby authorized to make from time to time-to-time) any sale, pledge, surrender, compromise, settlement, release, renewal, extension, indulgence, alteration, substitution, exchange, change in, modification or disposition of any of the ObligationsLiabilities, or of any collateral security therefor, or of any guaranty thereof, or of any loan agreement executed in connection therewithherewith.

Security Interest, Etc. The pledge and security interests herein created and provided for stand as direct and primary security for all of the Obligations. No application of any sums received by Bank Hawker in respect of the Collateral or any disposition thereof to the reduction of the Obligations or any part thereof shall in any manner entitle Pledgor Sefton to any right, title or interest in or to the Obligations or any collateral security therefor unless and until all Obligations have been fully paid and satisfied. Pledgor Sefton acknowledges and agrees that the pledge and security interests hereby created are absolute and unconditional and shall not in any manner be affected or impaired by any acts or omissions whatsoever of Bank Hawker or any other holder of any of the ObligationsObligations (other than their gross negligence or willful misconduct), and without limiting the generality of the foregoing, the pledge and security interests hereby created hereof shall not be impaired by any acceptance by Bank Hawker or any other holder of any of the Obligations of any other security for or guarantors upon any of the Obligations or by any failure, neglect or omission on the part of Bank Hawker or any other holder of any of the Obligations to realize upon or protect any of the Obligations (except as otherwise provided herein) or any collateral security therefortherefor (except as provided herein or in any other agreement with respect to any such collateral security). The pledge and security interests hereby created hereof shall not in any manner be impaired or affected by (and BankHawker, without notice to any Person are anyone is hereby authorized to make from time to time) any sale, pledge, surrender, compromise, settlement, release, renewal, extension, indulgence, alteration, substitution, exchange, change in, modification or disposition of any of the Obligations, or of any collateral security therefor, or of any guaranty guarantee thereof, or of any loan agreement executed in connection therewith; provided, however, that nothing herein shall result in or effectuate an increase in the amount of the Obligations for which Sefton shall be responsible beyond which is contemplated by this Agreement and the Note.