As to Commercial Tort Claims. Each Grantor covenants and agrees that, until the payment in full of the Obligations and termination of all Commitments, with respect to any Commercial Tort Claim hereafter arising asserting damages in excess of $100,000 (individually or in the aggregate for all such claims), it shall deliver to the Secured Party a supplement in form and substance satisfactory to the Secured Party, together with all supplements to schedules thereto identifying such new Commercial Tort Claims.
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Samples: Patent Security Agreement (Paulson Capital (Delaware) Corp.), Pledge and Security Agreement (Alliqua BioMedical, Inc.), Pledge and Security Agreement (Vbi Vaccines Inc.)
As to Commercial Tort Claims. Each Grantor covenants and agrees that, until the payment in full of the Obligations and termination of all Commitments, with respect to any Commercial Tort Claim hereafter arising asserting damages in excess of $100,000 (1,000,000 individually or in the aggregate for all such claims)hereafter arising, it shall deliver to the Secured Party Agent a supplement in form and substance reasonably satisfactory to the Secured PartyAgent, together with all supplements to schedules thereto identifying such new Commercial Tort Claims.
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