Common use of THE INDEBTEDNESS Clause in Contracts

THE INDEBTEDNESS. In consideration of one or more loans, advances, or other financial accommodations at any time before, at or after the date hereof made or extended by the Banks to or for the account of Borrower, directly or indirectly, as principal, guarantor or otherwise (the "Indebtedness") Borrower hereby grants to the Banks a continuing security interest in and a right of set-off against, and Borrower hereby assigns to the Banks, the Collateral described in Paragraph 3, to secure the payment, performance and observance of (i) all indebtedness, obligations, liabilities and agreements of any kind of Borrower to the Banks, now existing or hereafter arising, direct or indirect, absolute or contingent, secured or unsecured, due or not, arising out of or relating to the Indebtedness and (ii) all agreements, documents and instruments evidencing any of the foregoing or under which any of the foregoing may have been issued, created, assumed or guaranteed (all of the foregoing being herein referred to as the "Obligations").

THE INDEBTEDNESS. In consideration of one or more loans, advances, or other financial accommodations at any time before, at or after the date hereof made or extended by the Banks Secured Party to or for the account of BorrowerDebtor, directly or indirectly, as principal, guarantor or otherwise (the "Indebtedness") Borrower Debtor hereby grants to the Banks Secured Party a continuing security interest in and a right of set-off against, and Borrower Debtor hereby assigns to the BanksSecured Party, the Collateral described in Paragraph 32, to secure the payment, performance and observance of (i) all indebtedness, obligations, liabilities and agreements of any kind of Borrower Debtor to the BanksSecured Party, now existing or hereafter arising, direct or indirect, absolute or contingent, secured or unsecured, due or not, arising out of or relating to the Indebtedness and (ii) all agreements, documents and instruments evidencing any of the foregoing or under which any of the foregoing may have been issued, created, assumed or guaranteed (all of the foregoing being herein referred to as the "Obligations").

THE INDEBTEDNESS. In consideration of one or more loans, advances, or other financial accommodations at any time before, at or after the date hereof made or extended by the Banks Bank to or for the account of Borrower, directly or indirectly, as principal, guarantor or otherwise (the "Indebtedness") Borrower Guarantor hereby grants to the Banks Bank a continuing security interest in and a right of set-off against, and Borrower Guarantor hereby assigns to the BanksBank, the Collateral described in Paragraph 3, to secure the payment, performance and observance of (i) all indebtedness, obligations, liabilities and agreements of any kind of Borrower to the BanksBank, now existing or hereafter arising, direct or indirect, absolute or contingent, secured or unsecured, due or not, arising out of or relating to the Indebtedness and (ii) all agreements, documents and instruments evidencing any of the foregoing or under which any of the foregoing may have been issued, created, assumed or guaranteed (all of the foregoing being herein referred to as the "Obligations").

THE INDEBTEDNESS. In consideration of one or more loans, advances, or other financial accommodations at any time before, at or after the date hereof made or extended by the Banks Bank to or for the account of Borrower, directly or indirectly, as principal, guarantor or otherwise (the "Indebtedness") Borrower hereby grants to the Banks Bank a continuing security interest in and a right of set-off against, and Borrower hereby assigns to the BanksBank, the Collateral described in Paragraph 3, to secure the payment, performance and observance of (i) all indebtedness, obligations, liabilities and agreements of any kind of Borrower to the BanksBank, now existing or hereafter arising, direct or indirect, absolute or contingent, secured or unsecured, due or not, arising out of or relating to the Indebtedness and (ii) all agreements, documents and instruments evidencing any of the foregoing or under which any of the foregoing may have been issued, created, assumed or guaranteed (all of the foregoing being herein referred to as the "Obligations").