Debts Secured. The security interest granted by this Patent Security Agreement shall secure the prompt payment and performance of all of the Obligors’ present and future debts, obligations, and liabilities of whatever nature to the Secured Party, including, without limitation, (a) the Note and any PIK Notes (as defined in the Note) issued or deemed to be issued pursuant to the Note, (b) all obligations of each Obligor arising from or relating to the Investment Documents, including, without limitation, this Patent Security Agreement, and (c) transactions in which the documents evidencing the indebtedness refer to this grant of security interest as providing security therefor (collectively, the “Obligations”). Each of the Obligors and the Secured Party expressly acknowledge their mutual intent that the security interest created by this Patent Security Agreement secure the prompt and indefeasible payment and performance of payment and performance of any and all Obligations without any limitation whatsoever.
Debts Secured. The security interest granted by this Agreement --------------- shall secure the following obligation, which is a full recourse obligation of the Pledgor and Diversified Product Inspections, Inc.: convertible debentures of Diversified Product Inspections, Inc. issued in favor of Secured Party in the aggregate principal amount of up to THREE HUNDRED THOUSAND DOLLARS ($300,000) (the "Debentures"), any and all renewals, extensions, replacements, modifications and amendments thereof (including any which increase the original principal amount).
Debts Secured. The security interest granted by this Agreement shall secure payment of Pledgor's Promissory Note issued in favor of Pledgee, of even date, in the principal amount of TWO HUNDRED FIFTY FIVE THOUSAND AND NO/100 DOLLARS ($255,000.00) (the "Note"), any and all renewals, extensions, replacements, modifications and amendments thereof (including any which increase the original principal amount).
Debts Secured. The security interest granted by this Agreement shall secure the following obligation, which is a full recourse obligation of ETL: (a) a convertible debenture issued by ETL in favor of Leaddog Capital L.P., dated January of 2008, in the principal amount of Eighty-five Thousand Dollars ($85,000), any and all renewals, extensions, replacements, modifications and amendments thereof (the “Debenture”).
Debts Secured. The security interest granted by this Agreement shall secure all of Pledgor’s present and future debts, obligations, and liabilities of whatever nature to Lender or Collateral Agent, including, without limitation, the Obligations.
Debts Secured. The security interest granted by this Security Agreement shall secure all of Guarantor’s present and future debts, obligations, and liabilities of whatever nature to Summit, including, without limitation, (a) the obligations of Guarantor under the Guarantee, (b) all obligations of Guarantor arising from or relating to the Financing Agreement, (c) all obligations of Guarantor owing under this Security Agreement, (d) advances of the same kind and quality or relating to this transaction, and (e) transactions in which the documents evidencing the indebtedness refer to this grant of security interest as providing security therefor. Guarantor and Summit expressly acknowledge their mutual intent that the security interest created by this Security Agreement secures any and all present and future debts, obligations, and liabilities of Guarantor to Summit without any limitation whatsoever.
Debts Secured. The security interest granted by this Agreement shall secure Pledgor’s present debts and obligations to Secured Party evidenced by the Promissory Note of Pledgor in favor of Secured Party dated March 22, 2010, in the original principal amount of One Hundred Forty Five Thousand Three Hundred and 00/100 U.S. Dollars ($145,000.00), and any and all renewals, extensions, replacements, modifications and amendments thereof (including any which increase the original principal amount). The security interest granted by this Agreement shall also secure all Pledgor’s present and future debts to Secured Party, including all other present and future debts of Pledgor in favor of any other person that are assigned to Secured Party.
Debts Secured. The security interest granted by this Agreement shall secure the following obligation, which is a full recourse obligation of the Borrower: Promissory Note of Swissray International, Inc. issued in favor of Secured Party dated July 9, 1999 in the principal amount of not more than One Million One Hundred Thousand Dollars ($1,100,000) (the "Note"), any and all renewals, extensions, replacements, modifications and amendments thereof (including any which increase the original principal amount).
Debts Secured. The security interest granted by this Security Agreement shall secure all of Borrower’s present and future debts, obligations, and liabilities of whatever nature to Lender, including, without limitation, (a) the Promissory Note of Borrower in favor of Lender dated July 16, 2009, in the original principal amount of eight million five hundred thousand dollars ($8,500,000.00), and all renewals, extensions, modifications and replacements thereof (including any which increase the original principal amount), (b) all obligations of Borrower arising from or relating to the Loan Documents, including, without limitation, this Security Agreement, (c) advances of the same kind and quality or relating to this transaction, (d) transactions in which the documents evidencing the indebtedness refer to this grant of security interest as providing security therefor, (e) all overdrafts on any account of Borrower maintained with Lender, now existing or hereafter arising, and (f) the Equipment Line. Borrower and Lender expressly acknowledge their mutual intent that the security interest created by this Security Agreement secure any and all present and future debts, obligations, and liabilities of Borrower to Lender without any limitation whatsoever.
Debts Secured. The security interest granted by this Security Agreement shall secure (a) all of Borrower’s present and future debts, obligations, and liabilities of whatever nature to Lender under the Notes, and all renewals, extensions, modifications and replacements thereof (including any which increase the original principal amount), (b) all obligations of Borrower arising from the Loan Documents, including, without limitation, this Security Agreement, (c) the Obligations, as defined in the Loan Agreement, and (d) all overdrafts on any account of Pledgor maintained with Lender, now existing or hereafter arising. Pledgor and Secured Party expressly acknowledge their mutual intent that the security interest created by this Security Agreement secure any and all present and future debts, obligations, and liabilities of Pledgor to Lender under the Notes and Loan Documents without any limitation whatsoever.
