Common use of All Loans to Constitute One Obligation Clause in Contracts

All Loans to Constitute One Obligation. The Loans and LC Obligations shall constitute one general Obligation of Borrowers, and shall be secured by Agent's Lien upon all of the Collateral.

Appears in 7 contracts

Samples: Loan and Security Agreement (Century Aluminum Co), Loan and Security Agreement (Century Aluminum Co), Loan and Security Agreement (Century Aluminum Co)

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All Loans to Constitute One Obligation. The Loans Loans, Letters of Credit and LC Obligations Guarantees shall constitute one general joint and several Obligation of Borrowers, and shall be secured by Agent's ’s Lien upon all of the Collateral.

Appears in 5 contracts

Samples: Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co)

All Loans to Constitute One Obligation. The Loans and LC Obligations shall constitute one general Obligation of Borrowers, Borrowers and shall be secured by Administrative Agent's ’s Lien upon all of the Collateral.

Appears in 5 contracts

Samples: Loan, Security and Guaranty Agreement (Quest Resource Holding Corp), Loan, Security and Guaranty Agreement (Quest Resource Holding Corp), Loan, Security and Guaranty Agreement (Quest Resource Holding Corp)

All Loans to Constitute One Obligation. The Loans Loans, Letters of Credit and LC Obligations Guarantees shall constitute one general joint and several Obligation of Borrowers, and shall be secured by Agent's Lien upon all of the Collateral.

Appears in 4 contracts

Samples: Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guarantees shall constitute one general Obligation of BorrowersBorrower, and shall be secured by Agent's Lien upon all of the CollateralCollateral as provided in Section 5 hereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Weirton Steel Corp)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guarantees shall constitute one general Obligation of Co-Borrowers, and shall be secured by Agent's ’s Lien upon all of the Collateral.

Appears in 3 contracts

Samples: Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guarantees shall constitute one general Obligation of Borrowers, and shall be secured by Agent's ’s Lien upon all of the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Rewards Network Inc), Loan and Security Agreement (Mfri Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guaranties shall constitute one general Obligation of BorrowersBorrower, and shall be secured by Agent's Lender’s Lien upon all of the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp)

All Loans to Constitute One Obligation. The Loans and the LC Obligations Amounts shall constitute one general Obligation of Borrowers, and shall be secured by Agent's Lien upon all of the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (D & K Healthcare Resources Inc), Loan and Security Agreement (D & K Healthcare Resources Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guarantees shall constitute one general Obligation of Borrowers, and shall be secured by Agent's Lien upon all of the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mfri Inc), Loan and Security Agreement (Pw Eagle Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations shall constitute one general Obligation obligation of Borrowers, Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Agent's Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Agent or such Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Alpharma Inc), Loan and Security Agreement (Alpharma Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guarantees shall constitute one general joint and several Obligation of Borrowers, and shall be secured by Agent's Lien upon all of the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Kinetek Inc), Loan and Security Agreement (Kinetek Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations shall constitute one general Obligation obligation of Borrowers, Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Agent's ’s Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Agent or such Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Enpro Industries, Inc), Loan and Security Agreement (Enpro Industries, Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations shall constitute one general Obligation obligation of Borrowers, Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Agent's ’s Lien upon all of the Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations owed by Borrowers to Agent or such Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Mastec Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guaranties shall constitute one general joint and several Obligation of Borrowers, and shall be secured by Agent's Lien Lien, for the ratable benefit of Lenders, upon all of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Gentiva Health Services Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guaranties shall constitute one general Obligation of BorrowersBorrower, and shall be secured by Agent's Lien upon all of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Home Products International Inc)

All Loans to Constitute One Obligation. The Revolver Loans and all LC Obligations Outstandings shall constitute one general Obligation of Borrowers, Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Agent's Lender’s Lien upon Upon all of the Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Artesyn Technologies Inc)

All Loans to Constitute One Obligation. The Loans Loans, the LC Amount and LC the other Obligations shall constitute one general Obligation joint and several obligation of Borrowers, and shall be secured by Agent's Lien upon all of the Collateral. All of the Obligations are and shall be deemed to be pari passu with each other and none of the Revolving ---- ----- Credit Loans, Term Loan A, Term Loan B or any of the other Obligations are or shall be deemed to be subordinate or junior in right of payment to any other of such facilities or Obligations.

Appears in 1 contract

Samples: Loan and Security Agreement (Falcon Products Inc /De/)

All Loans to Constitute One Obligation. The Loans and LC Obligations -------------------------------------- shall constitute one general Obligation of Borrowers, and shall be secured by Agent's Lien upon all of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Velocity Express Corp)

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All Loans to Constitute One Obligation. The Loans Loans, the LC Amount and LC the other Obligations shall constitute one general Obligation obligation of BorrowersBorrower, and shall be secured by Agent's Lien upon all of the CollateralCollateral as provided in Section 5 hereof.

Appears in 1 contract

Samples: And Security Agreement (Weirton Steel Corp)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guaranties shall constitute one general Obligation of Borrowers, and shall be secured by Agent's Agent ‘s Lien upon all of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Gulfside Supply, Inc.)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guarantees shall constitute one general Obligation of Borrowers, Borrowers and shall be secured by Agent's ’s Lien upon all of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Cambium Learning Group, Inc.)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guaranties shall constitute one general Obligation of BorrowersBorrower, and shall be secured by Agent's ’s Lien upon all of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Home Products International Inc)

All Loans to Constitute One Obligation. The Revolver Loans and LC Obligations shall constitute one general Obligation obligation of Borrowers, Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Agent's Lender’s Lien upon all of the Collateral; provided, however, that Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Lender.

Appears in 1 contract

Samples: Post Petition Loan and Security Agreement (Enpro Industries, Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guaranties shall constitute one general Obligation of BorrowersBorrower, and shall be secured by AgentLender's Lien upon all of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Joule Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations shall constitute one general Obligation obligation of Borrowers, Borrowers and (unless otherwise expressly provided in any Security Document) shall be secured by Agent's Lender’s Lien upon all of the Collateral; provided, however, that Lender shall be deemed to be a creditor of each Borrower and the holder of a separate claim against each Borrower to the extent of any Obligations jointly and severally owed by Borrowers to Lender.

Appears in 1 contract

Samples: Post Petition Loan and Security Agreement (Insight Health Services Holdings Corp)

All Loans to Constitute One Obligation. The Loans and LC Obligations shall constitute one general Obligation of Borrowers, and shall be secured by Agent's ’s Lien upon all of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Century Aluminum Co)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guaranties shall constitute one general Obligation of Borrowers, and shall be secured by AgentAgent 's Lien upon all of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Supply Group Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guarantees shall constitute one general Obligation of Borrowers, and shall be secured by Agent's ’s Lien upon all of the Collateral.. 3.6

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guarantees shall constitute one general Obligation of BorrowersBorrower, and shall be secured by Agent's Lien upon all of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Bayou Steel Corp)

All Loans to Constitute One Obligation. The Loans and LC Obligations Guaranties shall constitute one general Obligation of Borrowers, and shall be secured by Agent's Lien upon all of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (United Natural Foods Inc)

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