SECURITY AGREEMENTSecurity Agreement • March 18th, 2005 • Lancer Corp /Tx/ • Air-cond & warm air heatg equip & comm & indl refrig equip • Texas
The undersigned Debtor, Owner of Collateral, whether one or more, and INTERNATIONAL BANK OF COMMERCE 130 E. TRAVIS. SAN ANTONIO. TEXAS 78205 (hereinafter called “Secured Party”) enter into this Security Agreement and for good and valuable consideration, the receipt of which is hereby acknowledged, and agree as follows:
GUARANTY AGREEMENTGuaranty Agreement • March 18th, 2005 • Lancer Corp /Tx/ • Air-cond & warm air heatg equip & comm & indl refrig equip • Texas
This Guaranty is made by the undersigned (referred to as “Guarantors”, whether one or more) for the benefit of INTERNATIONAL BANK OF COMMERCE, 130 E. Travis, San Antonio, Bexar County, Texas 78205 (“Lender”), This Guaranty relates to the indebtedness and other obligations described below of LANCER PARTNERSHIP, LTD., a Texas limited partnership (“Borrower”), whether one or more.
