Common use of DESCRIPTION OF COLLATERAL AND GUARANTIES Clause in Contracts

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Term Notes is secured by a Commercial Security Agreement, dated August 15, 1994. In addition to the foregoing, Borrower has agreed not to sell, transfer, assign, mortgage, pledge, lease, grant a security interest in, or encumber any of Borrower's Intellectual Property. Hereinafter, the above-described security documents, together with all other documents securing payment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Term Notes Indebtedness is secured by a Commercial Security Agreement, dated August 15March 6, 19941995. In addition to Additionally, and in connection with the foregoingrepayment of the Indebtedness, Borrower has agreed with Lender not to sell, transfer, assign, mortgage, pledge, lease, grant a security interest in, or further encumber any of Borrower's Intellectual Propertyits intellectual property, pursuant to a Negative Pledge Agreement dated March 6, 1995. Hereinafter, the above-described security documentsdocuments and guaranties, together with all other documents securing payment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Term Notes Indebtedness is secured by a Commercial Security Agreement, dated August 15, 19941994 (the "Security Agreement"). In addition to the foregoing, Borrower has agreed not to sell, transfer, assign, mortgage, pledge, lease, grant a security interest in, or encumber any of Borrower's Intellectual Propertyintellectual property. Hereinafter, the above-described security documents, together with all other documents securing payment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".

DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Term Notes Indebtedness is secured by a Commercial Security Agreement, dated August 15, 1994. In addition to the foregoing, Borrower has agreed not to sell, transfer, assign, mortgage, pledge, lease, grant a security interest in, or encumber any of Borrower's Intellectual Property. Hereinafter, the above-described security documents, together with all other documents securing payment of the Indebtedness shall be referred to as the "Security Documents". Hereinafter, the Security Documents, together with all other documents evidencing or securing the Indebtedness shall be referred to as the "Existing Loan Documents".