Common use of Description of Obligations Clause in Contracts

Description of Obligations. This Security Agreement creates a first priority security interest in the Collateral securing the payment and performance of the obligations of Debtor (the “Obligations”) under the documents, instruments and agreements (collectively the “Loan Documents”) evidencing, governing or securing the Loan, which includes, without limitation, all obligations and indebtedness arising under or pursuant to the Loan Agreement and each Note.

Appears in 1 contract

Samples: Security Agreement (Sentio Healthcare Properties Inc)

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Description of Obligations. This Security Agreement creates a first priority security interest in the Collateral securing the payment and performance of the Obligations, including, but not limited to any and all obligations now or hereafter existing of Debtor (the “Obligations”) and each other Obligor under the documents, instruments and agreements (collectively the “Loan Documents”) evidencing, governing or securing the Loan, which includes, without limitation, all obligations and indebtedness arising under or pursuant to the Loan Credit Agreement and each Note.other Loan Papers, including any extensions, modifications, substitutions,

Appears in 1 contract

Samples: Security Agreement (Quest Medical Inc)

Description of Obligations. This Security Agreement creates a first priority security interest in the Collateral securing to secure the payment and performance of any and all obligations now or hereafter existing of Debtor, each Obligor and any other Person under the Credit Agreement and the other Loan Documents, including any extensions, modifications, substitutions, amendments and renewals thereof, whether for principal, interest, fees, premium, expenses, reimbursement obligations, indemnification or otherwise (all such obligations of Debtor (the “Obligations”) under the documentsDebtor, instruments and agreements (collectively the “Loan Documents”) evidencing, governing or securing the Loan, which includes, without limitation, all obligations and indebtedness arising under or pursuant to the Loan Agreement and each Note.each

Appears in 1 contract

Samples: Security Agreement (Xircom Inc)

Description of Obligations. This Security Agreement creates a first priority security interest in the Collateral securing the payment and performance of the obligations of Debtor (the “Obligations”) under the documents, instruments and agreements (collectively the “Loan Documents”) evidencing, governing or securing the Loan, which includes, without limitation, all obligations and indebtedness arising under or pursuant to the Agreement, the Notes and the other Loan Agreement and each NoteDocuments and, to the extent of the payment in full of the Obligations, the Other Lender Obligations, pari passu.

Appears in 1 contract

Samples: Security Agreement (Travis Boats & Motors Inc)

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Description of Obligations. This Security Agreement creates a first priority security interest in the Collateral securing the payment and performance of the Obligations, including, but not limited to any and all obligations now or hereafter existing of Debtor and each other Obligor under the Credit Agreement and other Loan Papers, including any extensions, modifications, substitutions, amendments and renewals thereof, whether for principal, interest, fees, premium, expenses, indemnification or otherwise (all such obligations of Debtor (the “Obligations”) under the documents, instruments and agreements (collectively the “Loan Documents”) evidencing, governing or securing the Loan, which includes, without limitation, all obligations and indebtedness arising under or pursuant to the Loan Agreement and each Note.other Obligor being the "Obligations"). Without limiting the generality of the foregoing, this Agreement secures the

Appears in 1 contract

Samples: Security Agreement (Quest Medical Inc)

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