SECURITY INTEREST GRANTED. Licensee hereby grants a money purchase security interest in and assigns to the Licensor the collateral described in Section 6.1.4 above to secure payment and performance of this Agreement. Licensee will sign and execute any financing statement or other document or procure any document and pay all connected costs necessary to protect the security interest of Licensee against the rights and interests of a third party. This security interest will be removed after has been paid in full, the amount of which is stipulated in Section 6.1.3 above.
SECURITY INTEREST GRANTED. If the purchase provides for payments on credit, Retailer grants Sprint a security interest in the Products purchased from Sprint by Retailer, whether now owned or hereafter acquired, and any proceeds thereof to secure payment and performance in full by Retailer of all amounts invoiced for the Products and all other obligations of Retailer to Sprint. This Agreement constitutes a security agreement under the Uniform Commercial Code (the “UCC”).
SECURITY INTEREST GRANTED. This Agreement is intended to be a security agreement pursuant to the UCC for each of the items specified herein as constituting the Collateral of the Grantor. The Grantor hereby grants to the Secured Parties a security interest in said items. The Grantor agrees, as from time to time reasonably requested in writing by the Secured Parties, to execute and file financing statements, as well as extensions, renewals and amendments thereof, and reproductions of this 121 Agreement, and do whatever may be necessary under the applicable UCC in the appropriate state to perfect and continue the Secured Parties' security interest in the Collateral of the Grantor, all at the expense of the Grantor. The Parties agree that such financing statements will be filed in the name of the Secured Parties. The Grantor shall pay all costs of filing such financing statements covering any of its Collateral and any extensions, renewals, amendments and releases thereof, and shall pay all reasonable costs and expenses of any record searches for financing statements reasonably requested by the Secured Parties. Without the prior written consent of the Secured Parties, Grantor shall not create or allow to be created, pursuant to the UCC, any other security interest in its Collateral (except for Permitted Liens) senior in priority to that of the Secured Parties. Upon the occurrence and during the continuation of a Default, the Secured Parties shall have the remedies of a secured party under the UCC and, at the Secured Parties' option, may also invoke any other remedy provided for in this Agreement. In exercising any of said remedies, the Secured Parties may, at their sole option, utilize an agent and may proceed against any part of the Collateral separately or together and in any order whatsoever, without in any way affecting the availability of the Secured Parties' remedies under the UCC.
SECURITY INTEREST GRANTED. DEBTOR hereby pledges, assigns, consigns, transfers, sets over and grants to SECURED PARTY a security interest in the COLLATERAL hereinafter described to secure the payment and/or performance of all OBLIGATIONS, as hereinafter defined, of DEBTOR to SECURED PARTY.
SECURITY INTEREST GRANTED. If the purchase provides for payments on credit, OAR grants Sprint a security interest in the Sprint Products purchased from Sprint by OAR, whether now owned or hereafter acquired, and any proceeds there from to secure payment and performance in full by OAR of all amounts invoiced for the Sprint Products. This Agreement constitutes a security agreement under the Uniform Commercial Code (the “UCC”).
SECURITY INTEREST GRANTED. This Note is the Installment Note --------------------------- referred to in the Loan Agreement, and, therefore is secured by the collateral (the "Collateral") described therein, and otherwise governed thereby. All of the agreements, conditions, covenants, provisions, and stipulations contained in the Loan Agreement and which are to be kept and performed by Maker are hereby made a part of this Note to the same extent and with the same force and effect as if they were fully set forth herein, and Maker covenants and agrees to keep and perform them, or cause them to be kept and performed, strictly in accordance with their terms.
SECURITY INTEREST GRANTED. No Defense or Set-Off; Unconditional Obligation. Section 4.5. Assignment of Issuer's Rights.
SECURITY INTEREST GRANTED. AccuMed shall have a continuing security interest in all Products and proceeds thereof, wherever situated, for which payment has not been made and received. SinoFresh shall, from time to time, execute such documents as may be reasonably requested by AccuMed to perfect such security interests. In the event of a default in payment within the time periods specified in Section 1.5 herein, SinoFresh agrees that upon notice and demand by AccuMed, it shall set aside, protect, assemble and deliver to AccuMed all Products or proceeds thereof then in the possession of SinoFresh or subsequently received and that AccuMed shall have the right, and is hereby granted a license to sell and liquidate such inventory of Products and apply the proceeds thereof against all sums then due and receivable from SinoFresh. Any sums so received shall be applied in the following priority:
A. To expense of collection, delivery, enforcement and sale, including reasonable attorneys' fees and costs of suit; B. To interest thereupon accrued on all unpaid principal; C. To principal then due and payable until paid in full; and D. Thereafter, any excess shall be remitted to SinoFresh.
SECURITY INTEREST GRANTED. 11.1 The Customer grants to SCCL a security interest in the Equipment as security for payment of all monies payable from time to time to SCCL by the Customer, and for the performance by the Customer of all the Customer’s other obligations from time to time to SCCL, (together the “Customer’s Indebtedness and Obligations”).
11.2 For the purposes of section 36 (1) (b) of the Personal Property Securities Act 1999 (“PPSA”), and to ensure maximum benefit and protection for SCCL by virtue of section 36(1)(b)(iii) of the PPSA, the Customer confirms and agrees that the Customer intends to and does grant to SCCL as security for the Customer’s Indebtedness and Obligations, a security interest in all of the Purchaser’s present and after-acquired property except only for any such property which is or comprises items or kinds of personal property (”Excepted Property”):
(a) in or to which the Customer has rights; and
(b) that has not been supplied by SCCL to the Customer other than any Excepted Property which is or comprises proceeds of any of that present and after-acquired property which has been supplied by SCCL to the Customer.
11.3 The Customer agrees to do anything that SCCL requires to ensure that SCCL has a perfected security interest and (if applicable) a purchase money security interest in the Equipment.
11.4 SCCL may allocate all amounts received from the Customer in any manner it determines including any manner required to preserve any purchase money security interest in the Equipment notwithstanding any purported allocation by the Customer.
11.5 The Customer agrees that nothing in sections 114(1)(a), 133 and 134 of the PPSA will apply in this contract or the security under this contract and waives the Customer’s rights under sections 121, 125, 131 and 132 of the PPSA.
11.6 The Customer waives the right to receive a copy of the verification statement confirming registration of a financing statement or financing change statement relating to the security interest under this contract.
11.7 The Customer must advise SCCL immediately if the Customer commits any of the acts specified in clause
7.1 or of any action by third parties (including any of its creditors) affecting SCCL’s security interest in the Equipment.
SECURITY INTEREST GRANTED. The Borrower hereby grants to the Lender a continuing security interest in all property of the Borrower now or hereafter in the possession of the Lender or any of its affiliates in any capacity whatsoever, as security for the payment of this Note and other liabilities of the Borrower to the Lender, which security interest shall be enforceable and subject to all the provisions of this Note, as if such property were specifically pledged hereunder and the proceeds of such property may be applied at any time and without notice to any of the Borrower’s liabilities.