Common use of The Merchant grants Clause in Contracts

The Merchant grants. to the Lender a security interest in the Collection Account (including, without limitation, all Credit Card Receivables and/or proceeds thereof at any time deposited therein) to secure the Merchant's obligation to pay the Collection Amount and to secure all other existing and future obligations of the Merchant to the Lender.

Appears in 4 contracts

Samples: Credit Card Receivables Advance Agreement (Able Energy Inc), Credit Card Receivables Advance Agreement (Able Energy Inc), Credit Card Receivables Advance Agreement (Able Energy Inc)

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