Common use of Continuing Lien Clause in Contracts

Continuing Lien. It is the intent of the parties hereto that (a) this Security Agreement shall constitute a continuing agreement as to any and all future, as well as existing transactions, between the Company and the Secured Party under or in connection with the Notes, the Purchase Agreement and the other Transaction Documents, and (b) the security interest provided for herein shall attach to after-acquired as well as existing Collateral.

Appears in 2 contracts

Samples: Security Agreement (Fischer Imaging Corp), Security Agreement (Fischer Imaging Corp)

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Continuing Lien. It is the intent of the parties hereto that (a) this Security Agreement shall constitute a continuing agreement as to any and all future, as well as existing transactions, between the Company Debtor and the Secured Party under or in connection with the Notes, the Purchase Agreement and the other Transaction Documents, Facility; and (b) the security interest provided for herein shall attach to after-acquired acquired, as well as existing CollateralCollateral and the Liabilities covered by this Security Agreement shall include any future advances.

Appears in 1 contract

Samples: Security Agreement (Cadista Holdings Inc.)

Continuing Lien. It is the intent of the parties hereto that (a) this Security Agreement shall constitute a continuing agreement as to any and all future, as well as existing transactions, between the Company Debtor and the Secured Party under or in connection Parties with respect to the Notes, the Purchase Agreement and the other Transaction Documents, Facility; and (b) the security interest provided for herein shall attach to after-acquired acquired, as well as existing CollateralCollateral and the Liabilities covered by this Security Agreement shall include any future advances.

Appears in 1 contract

Samples: Security Agreement (Cadista Holdings Inc.)

Continuing Lien. It is the intent of the parties hereto that (a) this Security Agreement shall constitute a continuing agreement as to any and all future, as well as existing transactions, between the Company Grantor and the Secured Party Collateral Agent under or in connection with the Notes, the Purchase Agreement and the Promissory Notes or otherwise relating to any other Transaction DocumentsObligation, and (b) the security interest provided for herein shall attach to after-acquired as well as existing Collateral.

Appears in 1 contract

Samples: Securities Purchase Agreement (Distributed Energy Systems Corp)

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Continuing Lien. It is the intent of the parties hereto that (a) this Security Agreement shall constitute a continuing agreement as to any and all future, as well as existing transactions, between the Company Grantor and the Secured Party Collateral Agent under or in connection with the Notes, the Purchase Agreement and the Convertible Notes or otherwise relating to any other Transaction DocumentsObligation, and (b) the security interest provided for herein shall attach to after-acquired as well as existing Collateral.

Appears in 1 contract

Samples: Security and Pledge Agreement (Novadel Pharma Inc)

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