Common Contracts

2 similar Security Agreement contracts by Microfinancial Inc

SECURITY AGREEMENT
Security Agreement • August 8th, 2007 • Microfinancial Inc • Miscellaneous business credit institution

This SECURITY AGREEMENT (this “Agreement”) is made as of the 2nd day of August, 2007, by MICROFINANCIAL INCORPORATED, a Massachusetts corporation (“MFI”), and its Subsidiaries from time to time party hereto (together with MFI, each an “Obligor”, and collectively, the “Obligors”), in favor of SOVEREIGN BANK, in its capacity as Agent (in such capacity, the “Agent”) for the Secured Parties (as defined below).

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SECURITY AGREEMENT
Security Agreement • August 8th, 2007 • Microfinancial Inc • Miscellaneous business credit institution

This SECURITY AGREEMENT (this “Agreement”) is made as of the 2nd day of August, 2007, by TIMEPAYMENT CORP., a Delaware corporation (the “Borrower”), and its Subsidiaries from time to time party hereto (together with the Borrower, each an “Obligor”, and collectively, the “Obligors”), in favor of SOVEREIGN BANK, in its capacity as Agent (in such capacity, the “Agent”) for the Secured Parties (as defined below).

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