Common use of Consumer Credit Clause in Contracts

Consumer Credit. If any Collateral or proceeds includes obligations of third parties to Debtor, the transactions giving rise to the Collateral shall conform in all respects to the applicable state or federal law including but not limited to consumer credit law. Debtor shall hold harmless and indemnify Bank against any cost, loss or expense arising from Debtor's breach of this covenant.

Appears in 14 contracts

Sources: Loan Agreement (Opnet Technologies Inc), Security Agreement (Hallmark Financial Services Inc), Security Agreement (Inspire Insurance Solutions Inc)

Consumer Credit. If any Collateral or proceeds includes obligations of third parties to Debtor, the transactions giving rise to the Collateral shall conform in all respects to the applicable state or federal law including but not limited to consumer credit law. Debtor shall hold harmless and indemnify Bank against any costDEBTOR SHALL HOLD HARMLESS AND INDEMNIFY SECURED PARTY AGAINST ANY COST, loss or expense arising from Debtor's breach of this covenantLOSS, OR EXPENSE INCLUDING ATTORNEY'S FEES, ARISING FROM DEBTOR'S BREACH OF THIS COVENANT.

Appears in 8 contracts

Sources: Security Agreement (American Physicians Service Group Inc), Security Agreement (American Physicians Service Group Inc), Security Agreement (American Physicians Service Group Inc)

Consumer Credit. If any Collateral or proceeds includes obligations of third parties to Debtor, the transactions giving rise to the Collateral shall conform in all material respects to the applicable state or federal law including but not limited to consumer credit law. Debtor shall hold harmless and indemnify Bank Lender against any cost, loss or expense arising from Debtor's breach of this covenant.

Appears in 5 contracts

Sources: Security Agreement (Frisby Technologies Inc), Security Agreement (Frisby Technologies Inc), Security Agreement (Frisby Technologies Inc)

Consumer Credit. If any Collateral or proceeds includes obligations of third parties to Debtor, the transactions giving rise to the Collateral shall conform in all respects to the applicable state or federal law including but not limited to consumer credit law. Debtor shall hold harmless and indemnify Bank Lender against any cost, loss or expense arising from Debtor's ’s breach of this covenant.

Appears in 2 contracts

Sources: Security Agreement (XTI Aerospace, Inc.), Security Agreement (Tri-S Security Corp)

Consumer Credit. If any Collateral or proceeds includes obligations of third parties to Debtor, the transactions giving rise to the Collateral shall conform in all respects to the applicable state or federal law including but not limited to consumer credit law. Debtor shall hold harmless and indemnify Bank against any cost, loss or expense arising from Debtor's ’s breach of this covenant.

Appears in 1 contract

Sources: Security Agreement (Fountain Powerboat Industries Inc)

Consumer Credit. If any Collateral or proceeds includes include obligations of third parties to Debtor, the transactions giving rise to the Collateral shall creating those obligations will conform in all respects to the applicable state or and federal law including but not limited to consumer credit law. Debtor shall hold harmless and indemnify Bank against any cost, loss or expense arising from Debtor's breach of this covenant.

Appears in 1 contract

Sources: Security Agreement (Behringer Harvard Reit I Inc)

Consumer Credit. If any Collateral or proceeds includes obligations of third parties to Debtor, the transactions giving rise to the Collateral shall conform in all respects to the applicable state or federal law including but not limited to consumer credit law. Debtor shall hold harmless and indemnify Bank Secured Party against any cost, loss or expense arising from Debtor's ’s breach of this covenant.

Appears in 1 contract

Sources: Security Agreement (Fountain Powerboat Industries Inc)

Consumer Credit. If any Collateral or proceeds includes obligations of third parties to Debtor, the transactions giving rise to the Collateral shall conform in all respects to the he applicable state or federal law including but not limited to consumer credit law. Debtor shall hold harmless and indemnify Bank against any cost, loss or expense arising from Debtordebtor's breach of this covenant.

Appears in 1 contract

Sources: Security Agreement (Elcotel Inc)

Consumer Credit. If any portion of the Collateral or proceeds includes obligations of third parties to Debtor, the transactions giving rise to the Collateral shall conform in all respects to the applicable state or federal law including including, but not limited limited, to consumer credit law. Debtor shall hold harmless and indemnify Bank Secured Party against any cost, loss loss, or expense arising from Debtor's ’s breach of this covenant.

Appears in 1 contract

Sources: Security Agreement (Apollo Resources International Inc)

Consumer Credit. If any Collateral or proceeds includes obligations --------------- of third parties to Debtor, the transactions giving rise to the Collateral shall conform in all respects to the applicable state or federal law including but not limited to consumer credit law. Debtor shall hold harmless and indemnify Bank Secured Parties against any cost, loss or expense arising from Debtor's breach of this covenant.

Appears in 1 contract

Sources: Security Agreement (Data Race Inc)

Consumer Credit. If Whenever any Collateral Collateral, or proceeds of any Collateral, includes obligations of third parties to DebtorDebtor such as accounts, chattel paper or instruments, the transactions giving rise to the Collateral shall conform in all respects to the applicable state requirements of any state, commonwealth or federal law including but not limited to consumer credit law. , and Debtor shall hold Secured Party harmless and indemnify Bank Secured Party against any cost, loss or expense of Secured Party including attorney's fees, arising from Debtor's breach of this covenant.

Appears in 1 contract

Sources: Security Agreement (El Conquistador Partnership Lp)

Consumer Credit. If any Collateral or proceeds includes obligations of third parties to Debtor, the transactions giving rise to the Collateral shall conform in all respects to the applicable state or federal law including but not limited to consumer credit law. Debtor shall hold harmless and indemnify Bank Lender against any cost, loss or expense arising from Debtor's breach of this covenant.

Appears in 1 contract

Sources: Security Agreement (Florida Public Utilities Co)