Common use of Security Interest, Etc Clause in Contracts

Security Interest, Etc. 10.1 The Pledge and security interests herein created and provided for stand as direct and primary security for all of the Liabilities. No application of any sums received by Pledgee in respect of the Collateral or any disposition thereof to the reduction of the Liabilities or any part thereof shall in any manner entitle Pledgor to any right, title or interest in or to the Liabilities of any Collateral security therefor unless and until all Liabilities have been fully paid and satisfied. Pledgor acknowledges and agrees that the pledge and security interest hereby created are absolute and unconditional and shall not in any manner be effected or impaired by any acts or omissions whatsoever of Pledgee or any other holder of any of the Liabilities, and without limiting the generality of the foregoing, the pledge and security hereof shall not be impaired by acceptance by Pledgee or any other holder of any of the Liabilities of any other security for guarantors upon any of the Liabilities or by any failure, neglect or omission on the part of Pledgee or any other holder of any of the Liabilities, or of any Collateral security therefor; The Pledge and security hereof shall not in any manner be impaired or affected by (and, Pledgee, without notice to any one 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 Liabilities, or of any collateral security therefor, or of any guaranty thereof, or of any loan agreement executed in connection herewith.

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 LiabilitiesObligations. No application of any sums received by Pledgee Bank in respect of the Collateral or any disposition thereof to the reduction of the Liabilities Obligations or any part thereof shall in any manner entitle Pledgor to any right, title or interest in or to the Liabilities of Obligations or any Collateral collateral security therefor unless and until all Liabilities Obligations have been fully paid and satisfied. Pledgor acknowledges and agrees that the pledge and security interest interests hereby created are absolute and unconditional and shall not in any manner be effected affected or impaired by any acts or omissions whatsoever of Pledgee Bank or any other holder of any of the LiabilitiesObligations, and without limiting the generality of the foregoing, the pledge and security hereof interests hereby created shall not be impaired by any acceptance by Pledgee Bank or any other holder of any of the Liabilities Obligations of any other security for or guarantors upon any of the Liabilities or by any failure, neglect or omission on the part of Pledgee Bank or any other holder of any of the Liabilities, Obligations to realize upon or protect any of the Obligations or any Collateral collateral security therefor; . The Pledge pledge and security hereof interests hereby created shall not in any manner be impaired or affected by (and, Pledgeeand Bank, without notice to any one is Person are 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 LiabilitiesObligations, or of any collateral security therefor, or of any guaranty thereof, or of any loan agreement executed in connection herewiththerewith.

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 LiabilitiesObligations. No application of any sums received by Pledgee Hawker in respect of the Collateral or any disposition thereof to the reduction of the Liabilities Obligations or any part thereof shall in any manner entitle Pledgor Sefton to any right, title or interest in or to the Liabilities of Obligations or any Collateral collateral security therefor unless and until all Liabilities Obligations have been fully paid and satisfied. Pledgor Sefton acknowledges and agrees that the pledge and security interest interests hereby created are absolute and unconditional and shall not in any manner be effected affected or impaired by any acts or omissions whatsoever of Pledgee Hawker or any other holder of any of the LiabilitiesObligations (other than their gross negligence or willful misconduct), and without limiting the generality of the foregoing, the pledge and security hereof shall not be impaired by any acceptance by Pledgee Hawker or any other holder of any of the Liabilities Obligations of any other security for or guarantors upon any of the Liabilities Obligations or by any failure, neglect or omission on the part of Pledgee Hawker or any other holder of any of the Liabilities, Obligations to realize upon or protect any of the Obligations (except as otherwise provided herein) or any Collateral collateral security therefor; therefor (except as provided herein or in any other agreement with respect to any such collateral security). The Pledge pledge and security hereof shall not in any manner be impaired or affected by (and, Pledgeeand Hawker, without notice to any one anyone 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 LiabilitiesObligations, or of any collateral security therefor, or of any guaranty guarantee thereof, or of any loan agreement executed in connection herewiththerewith; 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.

Security Interest, Etc. 10.1 The Pledge and security interests herein created and provided for stand as direct and primary security for all of the Liabilities. No application of any sums received by Pledgee in respect of the Collateral or any disposition thereof to the reduction of the Liabilities or any part thereof shall in any manner entitle Pledgor to any right, title or interest in or to the Liabilities of any Collateral security therefor unless and until all Liabilities have been fully paid and satisfied. Pledgor acknowledges and agrees that the pledge and security interest hereby created are absolute and unconditional and shall not in any manner be effected or impaired by any acts or omissions whatsoever of Pledgee or any other holder of any of the Liabilities, and without limiting the generality of the foregoing, the pledge and security hereof shall not be impaired by acceptance by Pledgee or any other holder of any of the Liabilities of any other security for or guarantors upon any of the Liabilities or by any failure, neglect or omission on the part of Pledgee or any other holder of any of the Liabilities to realize upon or protect any of the Liabilities, or of any Collateral security therefor; . The Pledge and security hereof shall not in any manner be impaired or affected by (and, Pledgee, without notice to any one 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 Liabilities, or of any collateral security therefor, or of any guaranty thereof, or of any loan agreement executed in connection herewith.