Continuing Security Interest; Transfer of Note. This Secured Promissory Note shall create a continuing security interest in the Collateral and shall remain in full force and effect until payment in full of the obligations hereunder. The rights and obligations of the Buyer hereunder may not be assigned without the prior written consent of the other party and any purported assignment shall be null and void.
Appears in 6 contracts
Samples: Asset Purchase Agreement (Master Glaziers Karate International Inc), Asset Purchase Agreement (Master Glaziers Karate International Inc), Asset Purchase Agreement (Master Glaziers Karate International Inc)
Continuing Security Interest; Transfer of Note. This Subject to the provisions of Section 4 above, this Non-Recourse Secured Promissory Note shall create a continuing security interest in the Pledged Collateral and shall remain in full force and effect until payment in full of the obligations hereunderObligations. The rights and obligations of the Buyer Company and the Borrowers hereunder may not be assigned without the prior written consent of the other party Company and any purported assignment shall be null and void.
Appears in 1 contract
Samples: Natural Health Trends Corp
