Common Contracts
1 similar null contracts
SECURITY AGREEMENT - INVENTORY AND PROCEEDSWashington • May 21st, 2002
(Hereinafter called “Debtor”) hereby grants to Secured Party (hereinafter called “Sani-Tech Systems, Inc.”), a security interest in the following described property, consisting of all of the inventory and stock in trade of the Debtor, including all raw materials and work in process and materials to be used or consumed in the business of Debtor, and all products of Debtor; together with all increases in said propertyand all propertyof a similar nature hereafter acquired by Debtor in any of the categories herein described, all of which is hereafter referred to as the propertyand all propertyof a similar nature hereafter byDebtor in anyof the categories herein described, all of which is hereafter referred to as the “property” together with all cash and non-cash proceeds of such property, including without limitation chattel paper and accounts receivable.
