Common use of Term; Binding Effect Clause in Contracts

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment or conversion in full of the Obligation, this Agreement shall automatically terminate, and Debtor shall be permitted to file or cause the Secured Party to file one (1) or more UCC termination statements with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor and its respective legal representatives, successors and assigns and shall inure to the benefit of the Secured Party and its legal representatives, successors and assigns.

Appears in 2 contracts

Samples: Security Agreement (IIOT-OXYS, Inc.), Security Agreement (IIOT-OXYS, Inc.)

AutoNDA by SimpleDocs

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment or conversion in full of the Obligation, this Agreement shall automatically terminate, terminate and Debtor shall be permitted to file or cause the Secured Party to file one (1) or more UCC termination statements with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor and its respective legal representatives, successors and assigns and shall inure to the benefit of the Secured Party and its legal representatives, successors and assigns.

Appears in 2 contracts

Samples: Security Agreement (Signal Bay, Inc.), Security Agreement (Signal Bay, Inc.)

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment or conversion in full of the Obligation, this Agreement shall automatically terminate, terminate and Debtor shall be permitted to file or cause the Secured Party to file one (1) or more UCC termination statements with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor and its respective legal representatives, successors and assigns and shall inure insure to the benefit of the Secured Party and its legal representatives, successors and assigns.

Appears in 2 contracts

Samples: Security Agreement (Endonovo Therapeutics, Inc.), Security Agreement (Endonovo Therapeutics, Inc.)

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment or conversion in full of the Obligation, this Agreement shall automatically terminate, terminate and Debtor shall be permitted to file or cause the Secured Party to file one (1) or more shall cause UCC termination statements to be filed with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor and its respective legal representatives, successors and assigns and shall inure to the benefit of the Secured Party and its legal representatives, successors and assigns.

Appears in 2 contracts

Samples: Security Agreement (Cyberdefender Corp), Security Agreement (Cyberdefender Corp)

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment or conversion in full of the Obligation, this Agreement shall automatically terminate, terminate and Debtor the Company shall be permitted to file or cause the Secured Party to file one (1) or more UCC termination statements with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor the Company and its respective legal representatives, successors and assigns and shall inure to the benefit of the Secured Party and its legal representatives, successors and assigns.

Appears in 1 contract

Samples: Security Agreement (Signal Bay, Inc.)

AutoNDA by SimpleDocs

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment or conversion in full of the Obligation, this Agreement shall automatically terminate, terminate and Debtor shall be permitted to file or cause the Secured Party Parties to file one (1I) or more UCC termination statements with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor and its respective legal representatives, successors and assigns and shall inure to the benefit of the Secured Party Parties and its legal representatives, successors and assigns.

Appears in 1 contract

Samples: Security Agreement (Desert Hawk Gold Corp.)

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment or conversion in full of the Obligation, this Agreement shall automatically terminate, terminate and Debtor shall be permitted to file or cause the Secured Party Parties to file one (1) or more UCC termination statements with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor and its respective legal representatives, successors and assigns and shall inure to the benefit of the Secured Party Parties and its legal representatives, successors and assigns.

Appears in 1 contract

Samples: Security Agreement (Desert Hawk Gold Corp.)

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