Common use of Acquired Collateral Clause in Contracts

Acquired Collateral. Except as set forth on Schedule A annexed hereto, the Collateral has been acquired or originated by each Grantor in the ordinary course of such Grantor’s business and was not acquired pursuant to any acquisition of all or a portion of the business of any Person whether by merger, acquisition of assets or otherwise.

Appears in 7 contracts

Samples: Security Agreement (Orbit International Corp), Credit Agreement (Orbit International Corp), Credit Agreement (CVD Equipment Corp)

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Acquired Collateral. Except as set forth on Schedule A annexed hereto, the Collateral has been acquired or originated by each Grantor in the ordinary course of such Grantor’s 's business and was not acquired pursuant to any acquisition of all or a portion of the business of any Person whether by merger, acquisition of assets or otherwise.

Appears in 5 contracts

Samples: Security Agreement (Veeco Instruments Inc), Credit Agreement (Vasomedical Inc), Security Agreement (Global Payment Technologies Inc)

Acquired Collateral. Except as set forth on Schedule A annexed hereto, the Collateral has been acquired or originated by each Grantor in the ordinary course of such Grantor’s 's business and was not not, at any time during the five years prior to this Agreement, acquired pursuant to any an acquisition of all or a portion of the business of any Person Person, whether by merger, acquisition of assets or otherwise, having a purchase price in excess of $1,000,000.

Appears in 1 contract

Samples: Security Agreement (Coactive Marketing Group Inc)

Acquired Collateral. Except as set forth on Schedule A annexed hereto, the Collateral has been acquired or originated by each Grantor in the ordinary course of such Grantor’s business and was not acquired pursuant to any acquisition of all or a portion of the business of any Person whether by merger, acquisition of assets or otherwisebusiness.

Appears in 1 contract

Samples: Security Agreement (Banjo & Matilda, Inc.)

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Acquired Collateral. Except as set forth on Schedule A annexed heretocontemplated in the Asset Purchase Agreement or as disclosed in writing to the Secured Party, the Collateral has been acquired or originated by each Grantor in the ordinary course of such Grantor’s business and was not acquired pursuant to any acquisition of all or a portion of the business of any Person whether by merger, acquisition of assets or otherwise.

Appears in 1 contract

Samples: Asset Purchase Agreement (Accelerize New Media Inc)

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