Common use of Term; Binding Effect Clause in Contracts

Term; Binding Effect. This Agreement shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations or conversion of the Obligations into Common Stock of the Debtor; (b) be binding upon Debtor, and its successors and permitted assigns; and (c) inure to the benefit of the Collateral Agent, for the benefit of the Lenders and their respective successors and assigns. All the rights and benefits granted by Debtor to the Collateral Agent and Lenders in the Loan Documents and other agreements and documents delivered in connection therewith are deemed granted to both the Collateral Agent and Lenders.

Appears in 1 contract

Samples: Security Agreement (Savoy Resources Corp)

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Term; Binding Effect. This Agreement shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations or conversion of the Obligations into Common Stock of the DebtorObligations; (b) be binding upon DebtorBlastGard, and its successors and permitted assigns; and (c) inure to the benefit of the Collateral Agent, for the benefit of the Lenders and their respective successors and assigns. All the rights and benefits granted by Debtor to the Collateral Agent and Lenders in the Loan Documents and other agreements and documents delivered in connection therewith are deemed granted to both the Collateral Agent and Lenders.

Appears in 1 contract

Samples: Security and Pledge Agreement (Blastgard International Inc)

Term; Binding Effect. This Agreement shall (a) remain in full force and effect until payment and satisfaction in full of all of the Obligations or conversion of the Obligations into Common Stock of the Debtoras set forth in Paragraph 10.5; (b) be binding upon Debtor, and its successors and permitted assigns; and (c) inure to the benefit of the Collateral Agent, for the benefit of the Lenders and their respective successors and assigns. All the rights and benefits granted by Debtor to the Collateral Agent and Lenders in the Loan Documents and other agreements and documents delivered in connection therewith are deemed granted to both the Collateral Agent and Lenders.

Appears in 1 contract

Samples: Security Agreement (One Voice Technologies Inc)

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Term; Binding Effect. This Agreement shall xxxxx (ax) remain xxxxin in full force and effect until payment and satisfaction in full of all of the Obligations or conversion of the Obligations into Common Stock of the DebtorObligations; (b) be binding upon Debtor, and its successors and permitted assigns; and (c) inure to the benefit of the Collateral Agent, for the benefit of the Lenders and their respective successors and assigns. All the rights and benefits granted by Debtor to the Collateral Agent and Lenders in the Loan Documents and other agreements and documents delivered in connection therewith are deemed granted to both the Collateral Agent and Lenders.

Appears in 1 contract

Samples: Security Agreement (Voip Inc)

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