Common use of For Security Purposes Only Clause in Contracts

For Security Purposes Only. The assignment, pledge, -------------------------- and grant of a security interest in Debtor's interest(s) in the Collateral, hereunder, is for security purposes only and shall not make Secured Party responsible for, or otherwise affect or modify, any duty, obligation or liability of Debtor under any of the Collateral, or under any transaction related thereto.

Appears in 2 contracts

Samples: Security Agreement (Hammond Residential LLC), Security Agreement (Hammond Residential LLC)

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For Security Purposes Only. The assignment, pledge, -------------------------- and grant of a security interest in Debtor's ’s interest(s) in the Collateral, hereunder, is for security purposes only and shall not make Secured Party responsible for, or otherwise affect or modify, any duty, obligation or liability of Debtor under any of the Collateral, or under any transaction related thereto.

Appears in 1 contract

Samples: Security Agreement (MTR Gaming Group Inc)

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For Security Purposes Only. The assignment, pledge, -------------------------- and grant of a security interest in Debtor's Debtors' interest(s) in the Collateral, hereunder, is for security purposes only and shall not make Secured Party responsible for, or otherwise affect or modify, any duty, obligation or liability of Debtor Debtors under any of the Collateral, or under any transaction related thereto.

Appears in 1 contract

Samples: Security Agreement (Shuffle Master Inc)

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