Additional Collateral Security. In addition to the collateral described in Section 9.1 hereof, payment of the Obligations is also secured by a first priority security interest in (i) all personal property including trademarks and patents of the Borrower (other than application for trademarks and patents based on intent to use) whether now owned or hereafter acquired, and (ii) all outstanding shares of stock of Pro-Bel, as provided, respectively, in the Security Agreements and Pledge Agreement executed and delivered by the Borrower to the Bank. SECTION 10.
Appears in 1 contract
Sources: Loan Agreement (Chyron Corp)
Additional Collateral Security. In addition to the collateral described in Section 9.1 Paragraph 9(a) hereof, payment of the Obligations is also secured by a first priority security interest in (i) all personal property including trademarks and patents of the Borrower (other than application for trademarks and patents based on intent to use) its Subsidiaries whether now owned or hereafter acquired, and (ii) all outstanding shares of stock of Pro-Bel, as provided, respectively, provided in the Security Agreements and Pledge Agreement security agreements executed or to be executed and delivered by the Borrower such parties to the Bank. SECTION 10Bank (collectively the "Security Agreements").
Appears in 1 contract
Sources: Term Loan Agreement (Balchem Corp)
Additional Collateral Security. In addition to the collateral ------------------------------ described in Section 9.1 hereof, payment of the Obligations is also secured by a first priority security interest in (i) all personal property including trademarks and patents of the Borrower (other than application for trademarks and patents based on intent to use) the Guarantors whether now owned or hereafter acquired, and (ii) all outstanding shares of stock of Pro-Belacquired subject only to those liens listed on Schedule II annexed hereto, as provided, respectively, provided in the a Security Agreements and Pledge Agreement executed or to be executed and delivered by the Borrower and the Guarantors to the Bank. SECTION 10.
Appears in 1 contract
Additional Collateral Security. In addition to the collateral described in Section 9.1 hereof, payment of the Obligations is also secured by a first priority security interest in (i) all personal property including trademarks and patents collateral described in the Security Agreements of the Borrower (other than application for trademarks and patents based on intent to use) Borrowers whether now owned or hereafter acquired, and (ii) all outstanding shares of stock of Pro-Bel, as provided, respectively, provided in the Security Agreements and Pledge Agreement executed or to be executed and delivered by the Borrower Borrowers to the Bank. SECTION 10.
Appears in 1 contract
Sources: Loan Agreement (Fresh Juice Co Inc)
Additional Collateral Security. In addition to the collateral described in Section 9.1 2.16(a) hereof, payment of the Obligations is shall also secured by a first priority perfected security interest in (i) all personal property including trademarks Collateral, as defined herein and patents of in the Borrower (other than application for trademarks and patents based on intent to use) Security Documents executed in connection herewith, whether now owned or hereafter acquired, and (ii) all outstanding shares of stock of Pro-Bel, as provided, respectively, provided in the Security Agreements and Pledge Agreement executed and delivered by the Borrower to the Bank. SECTION 10Documents.
Appears in 1 contract
Sources: Loan Agreement (Corvis Corp)
Additional Collateral Security. In addition to the collateral described in Section 9.1 hereof9.1, payment of the Obligations is also secured by a first priority (subject to Liens permitted by this Agreement) security interest in (i) all personal property including trademarks and patents of the Borrower (other than application for trademarks and patents based on intent to use) whether now owned or hereafter acquired, and (ii) all outstanding shares of stock of Pro-Bel, as provided, respectively, in the Security Agreements and Pledge Agreement executed and delivered by the Borrower to the Bank. SECTION 10Collateral.
Appears in 1 contract
Additional Collateral Security. In addition to the collateral described in Section 9.1 hereof, payment of the Obligations Obligation is also secured by a first priority security interest in (i) all personal property including trademarks and patents of the Borrower (other than application for trademarks and patents based on intent to use) whether now owned or hereafter acquired, and (ii) after the making of the Term Loan, all outstanding shares of stock of Pro-Bel, as provided, respectively, in the Security Agreements and Pledge Agreement executed and delivered by the Borrower to the Bank. SECTION 10.
Appears in 1 contract
Sources: Loan Agreement (Chyron Corp)