Additional Grantor. Upon the execution and delivery by any other Person of a supplement in the form of Annex I hereto, such Person shall become a “Grantor” hereunder with the same force and effect as if it were originally a party to this Security Agreement and named as a “Grantor” hereunder. The execution and delivery of such supplement shall not require the consent of any Grantor hereunder, and the rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Security Agreement.
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Samples: Pledge and Security Agreement (Alliqua BioMedical, Inc.), Patent Security Agreement (Paulson Capital (Delaware) Corp.), Pledge and Security Agreement (Vbi Vaccines Inc.)
Additional Grantor. Upon the execution and delivery by any other Person of a supplement in the form of Annex I heretoSecurity Agreement Supplement, such Person shall become a “Grantor” hereunder with the same force and effect as if it were originally a party to this Security Agreement and named as a “Grantor” hereunder. The execution and delivery of such supplement shall not require the consent of any other Grantor hereunder, and the rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Security Agreement.
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