Common use of Transfer of Indebtedness Clause in Contracts

Transfer of Indebtedness. Upon the transfer by Secured Party of all or any portion of the indebtedness secured hereby, Secured Party may transfer therewith all or any portion of the security interest created hereunder, but Secured Party shall retain all of its rights hereunder with respect to any part of such indebtedness and any part of its security interest hereunder not so transferred.

Appears in 5 contracts

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

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Transfer of Indebtedness. Upon the transfer by the Secured Party of all or any portion of the indebtedness secured hereby, the Secured Party may transfer therewith all or any portion of the security interest created hereunder, but the Secured Party shall retain all of its their rights hereunder with respect to any part of such indebtedness and any part of its security interest hereunder not so transferred.

Appears in 2 contracts

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

Transfer of Indebtedness. Upon the transfer by the Secured Party Parties of all or any portion of the indebtedness secured hereby, the Secured Party Parties may transfer therewith all or any portion of the security interest created hereunder, but the Secured Party Parties shall retain all of its their rights hereunder with respect to any part of such indebtedness and any part of its security interest hereunder not so transferred.

Appears in 2 contracts

Samples: Security Agreement (Desert Hawk Gold Corp.), Security Agreement (Desert Hawk Gold Corp.)

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Transfer of Indebtedness. Upon the transfer by Secured Party of all or any portion of the indebtedness secured herebyhereby in accordance with the terms of the Note, Secured Party may transfer therewith all or any portion of the security interest created hereunder, but Secured Party shall retain all of its rights hereunder with respect to any part of such indebtedness and any part of its security interest hereunder not so transferred.

Appears in 1 contract

Samples: Security Agreement (Signal Bay, Inc.)

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