Common Contracts
2 similar Commercial Security Agreement contracts by Advanced Life Sciences Holdings, Inc.
COMMERCIAL SECURITY AGREEMENTCommercial Security Agreement • November 6th, 2008 • Advanced Life Sciences Holdings, Inc. • Biological products, (no disgnostic substances) • Illinois
THIS COMMERCIAL SECURITY AGREEMENT dated October 23 2008, is made and executed between Advanced Life Sciences Holding, Inc., a Delaware corporation (“Grantor”) and THE LEADERS BANK (“Lender”). This Agreement is entered into pursuant to that certain Amended and Restated Business Loan Agreement, dated as of even date herewith, by and between the Advanced Life Sciences, Inc. (“Borrower”) and the Lender (“Loan Agreement”), whereby the Lender has agreed to lend Ten Million and 00/100 Dollars ($10,000,000.00) to the Borrower subject to the terms and conditions of the Loan Agreement.
AMENDED AND RESTATED COMMERCIAL SECURITY AGREEMENTCommercial Security Agreement • November 6th, 2008 • Advanced Life Sciences Holdings, Inc. • Biological products, (no disgnostic substances) • Illinois
THIS AMENDED AND RESTATED COMMERCIAL SECURITY AGREEMENT dated October 23, 2008, is made and executed between Advanced Life Sciences, Inc., an Illinois corporation (“Grantor”) and THE LEADERS BANK (“Lender”). This Agreement amends and restates in its entirety that certain Commercial Security Agreement, dated April 18, 2006, by and between Grantor and Lender (“Original Security Agreement”). The security interest evidenced by the Original Security Agreement is a continuing security interest evidenced by this Agreement, and nothing contained herein shall be deemed to constitute a release or otherwise adversely affect any lien, mortgage or security interest represented by the Original Security Agreement. This Agreement is entered into pursuant to that certain Amended and Restated Business Loan Agreement, dated as of even date herewith, by and between the Grantor and the Lender (“Loan Agreement”), whereby the Lender has agreed to lend Ten Million and 00/100 Dollars ($10,000,000.00) to the Gr
