0000930413-06-001846 Sample Contracts

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SECURITY AGREEMENT January 2, 2003 I.D. Systems, Inc. One University Plaza Hackensack, New Jersey 07601 (Individually and collectively "Debtor") Wachovia Bank, National Association 190 River Road Summit, New Jersey 07901 (Hereinafter referred to as...
Security Agreement • March 7th, 2006 • Id Systems Inc • Services-business services, nec

For value received and to secure payment and performance of any and all obligations of Debtor (also referred to herein as "Borrower") to Bank however created, arising or evidenced, whether direct or indirect, absolute or contingent, now existing or hereafter arising or acquired, and whether or not evidenced by a Loan Document, including swap agreements (as defined in 11 U.S.C. ss 101), future advances, and all costs and expenses incurred by Bank to obtain, preserve, perfect and enforce the security interest granted herein and to maintain, preserve and collect the property subject to the security interest (collectively, "Obligations"), Debtor hereby grants to Bank a continuing security interest in and lien upon the following described property, whether now owned or hereafter acquired, and any additions, replacements, accessions, or substitutions thereof and all cash and non-cash proceeds and products thereof (collectively, "Collateral"):

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