Common use of Availability of Collateral Clause in Contracts

Availability of Collateral. Lender may from time to time, for its convenience, segregate or apportion the Collateral for purposes of determining the amounts and maximum amounts of Advances which may be made hereunder. Nevertheless, Lender's security interest in all such Collateral, and any other collateral rights, interests and properties which may now or hereafter be available to Lender, shall secure and may be applied to the payment of any and all loans, Advances and other Obligations secured by Lender's security interest, in any order or manner of application and without regard to the method by which Lender determines to make Advances hereunder.

Appears in 4 contracts

Samples: General Credit and Security Agreement (Infinite Graphics Inc), General Credit and Security Agreement (Barringer Laboratories Inc), General Credit and Security Agreement (Digital Biometrics Inc)

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Availability of Collateral. Lender may from time to time, for its -------------------------- convenience, segregate or apportion the Collateral for purposes of determining the amounts and maximum amounts of Advances which may be made hereunder. Nevertheless, Lender's security interest in all such Collateral, and any other collateral rights, interests and properties which may now or hereafter be available to Lender, shall secure and may be applied to the payment of any and all loans, Advances and other Obligations secured by Lender's security interest, in any order or manner of application and without regard to the method by which Lender determines to make Advances hereunder.

Appears in 1 contract

Samples: General Credit and Security Agreement (Communications World International Inc)

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Availability of Collateral. Lender may from time to time, for its convenience, segregate or apportion the Collateral for purposes of determining the amounts and maximum amounts of Advances Loans which may be made hereunder. Nevertheless, Lender's ’s security interest in all such Collateral, and any other collateral rights, interests and properties which may now or hereafter be available to Lender, shall secure and may be applied to the payment of any and all loans, Advances Advances, and other Obligations secured by Lender's security interest’s Security Interest, in any order or manner of application and without regard to the method by which Lender determines to make Advances hereunder.

Appears in 1 contract

Samples: General Credit and Security Agreement (MBC Holding Co)

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