Exceptions and Definitions. The Security Interest granted by this Agreement shall not extend or apply to and the Collateral shall not extend to the last day of the term of any lease or agreement to lease real property, but upon the enforcement of the Security Interest the Debtor shall stand possessed of such last day in trust to assign and dispose thereof as the Secured Party shall direct.
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Samples: General Security Agreement (Foremost Lithium Resources & Technology Ltd.), Loan Agreement (Niocorp Developments LTD), General Security Agreement (Niocorp Developments LTD)
Exceptions and Definitions. The Security Interest granted by this Agreement shall not extend or apply to and the Collateral shall not extend to the last day of the term of any lease or agreement to lease real propertyReal Property, but upon the enforcement of the Security Interest the Debtor shall stand possessed of such last day in trust to assign and dispose thereof as the Secured Party shall direct.
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Exceptions and Definitions. 2.1 The Security Interest granted by this Agreement shall not extend or apply to and the Collateral shall not extend to the last day of the term of any lease or agreement to lease real property, but upon the enforcement of the Security Interest the Debtor shall stand possessed of such last day in trust to assign and dispose thereof as the Secured Party shall direct.
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Exceptions and Definitions. 2.1 The Security Interest granted by this Agreement shall not extend or apply to and the Collateral shall not extend to the last day of the term of any lease or agreement to lease real property, but upon the enforcement of the Security Interest the Debtor Guarantor shall stand possessed of such last day in trust to assign and dispose thereof as the Secured Party shall direct.
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Samples: Eneral Security Agreement (Lithium Exploration Group, Inc.)
