General Security Agreement Clause Samples

General Security Agreement. The Parties acknowledge that Shannon disputes the validity of the General Security Agreement (th▇ "▇▇▇") given by Shannon to Shear Wind and dated February 23, 2005. Notwithstanding ▇▇▇▇, ▇n consideration of this settlement Shannon agrees to adopt said agreement as its own from this date fo▇▇▇▇▇ ▇o that it forms a valid charge upon the assets therein described. Except as provided for in paragraph 11 hereof; Shear Wind agrees not to appoint a receiver to enforce the GSA provided that Shannon strictly abides by each and every term of this Agreement.

General Security Agreement the General Security Agreement by each Canadian Loan Party in favor of the Administrative Agent, for the benefit of the Secured Parties.

General Security Agreement. The Corporation hereby confirms that the security interests created on its assets pursuant to the GSA shall remain in full force and effect. For greater certainty, the security interests thereby created shall secure the performance by the Corporation of its obligations under the Guarantee and this Agreement.

General Security Agreement. For value received, the Tenant hereby grants to the Landlord a security interest (the “Security Interest”) in all presently owned and hereafter acquired personal property of the Tenant of whatsoever nature and kind and wheresoever situate and all proceeds thereof and therefrom, renewals thereof, accessions thereto and substitutions therefor, (all of which are herein collectively called the “Collateral”), including, without limiting the generality of the foregoing, all the presently owned or held and hereafter acquired right, title and interest of the Tenant in and to all goods (including all accessories, attachments, additions and accessions thereto), chattel paper, documents of title (whether negotiable or not), instruments, intangibles, licenses, money, securities, and all: (a) inventory of whatsoever nature and kind and wheresoever situate; (b) equipment (other than inventory) of whatsoever nature and kind and wheresoever situate, including, without limitation, all machinery, tools, apparatus, plant, furniture, fixtures and vehicles of whatsoever nature and kind; (c) book accounts and book debts and generally all accounts, debts, dues, claims, actions and demands of every nature and kind howsoever arising or secured including letters of credit, letters of guarantee and advices of credit, which are now due, owing or accruing or growing due to or owned by or which may hereafter become due, owing or accruing or growing due to or owned by the Tenant; (d) deeds, documents, writings, papers, books of account and other books relating to or being records of debts, chattel paper or documents of title or by which such are or may hereafter be secured, evidenced, acknowledged or made payable; (e) contractual rights and insurance claims and all goodwill; and (f) monies other than trust monies lawfully belonging to others; as general and continuing security for payment, performance and satisfaction of each and every obligation, indebtedness and liability of the Tenant to the Landlord, present or future, direct or indirect, absolute or contingent, matured or not, extended or renewed, wheresoever and howsoever incurred, and any ultimate unpaid balance thereof, including obligations of the Tenant under this Lease (all of which obligations, indebtedness and liabilities are herein collectively called the “Obligations”). The Tenant confirms and agrees that the Security Interest is complete and valid without the necessity of any other or further documentation in respect the...

General Security Agreement. The “General Security Agreement” means a General Security Agreement, dated ___________ 20__, from the Debtor to the Secured Party.

General Security Agreement. In consideration of BLACK FOREST INTERNATIONAL, LLC, having an office at c/o BCGU, LLC, 2▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, (the “Secured Party”) heretofore or hereafter (1) extending or agreeing to extend any credit or other financial accommodation to or relying on any guaranty, endorsement or other assurance of payment of EACH UNDERSIGNED PERSON, each of which is an entity and is organized under the law as indicated in its signature block appearing at the end of this Agreement and has an address for notice purposes at 3▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, Suite 403, Dallas, Texas 75205, (individually and collectively, the “Debtor”) or (2) agreeing to any direct or indirect extension, renewal, refinancing or other modification or replacement of or waiving or forbearing from exercising any right, remedy or power relating to any obligation heretofore or hereafter arising or accruing as a result of any such credit or other financial accommodation, and for other valuable consideration, the receipt and sufficiency of which are conclusively acknowledged by the Debtor, the Debtor jointly with each other Debtor and severally agrees with the Secured Party as follows:

General Security Agreement. This Trademark Security Agreement has been entered into in conjunction with the provisions of the General Security Agreement. Each Grantor does hereby acknowledge and confirm that the grant of the security interest hereunder to, and the rights and remedies of, the Collateral Agent with respect to the Collateral are more fully set forth in the General Security Agreement, the terms and provisions of which are incorporated herein by reference as if fully set forth herein.

General Security Agreement. The Bank shall have received a general security agreement (the "General Security Agreement") duly executed by the Borrower together with - UCC-1 financing statements - UCC-3 termination statements, if required - insurance certificate naming the Bank as loss payee - an assignment to the Bank of the Ex-Im Bank insurance policy (to the extent Eligible Foreign Accounts Receivable)

General Security Agreement m. All proceeds arising from or by virtue of the sale, lease or other disposition of all or any part of the Property, including oil, gas and other minerals. n. All rents, revenues, lease payments, charges, purchase price profits, insurance proceeds arising from or payable under that certain Lease as to a part of the Property, being that Lease in writing dated May 24, 1979, entered into by and between Broo▇▇▇▇▇▇ ▇▇▇thers, Inc., as Lessee, and Quin▇▇▇ ▇▇▇▇▇▇▇▇, as Lessor, and all amendments and addendums thereto, which has been transferred and assigned to Debtor. to secure (1) the Debtor's note of $571,500.00 to the Secured Party dated May 26, 1994 payable as to principal and interest as therein provided ("Note"); (2) future advances to be evidenced by like notes or otherwise to be made by Secured Party to Debtor at Secured Party's option; (3) all expenditures by Secured Party for taxes, insurance, repairs to and maintenance of the Collateral, other costs and expenses including attorney's fees incurred by Secured Party in the collection and enforcement of the note and other indebtedness of Debtor; (4) any and all indebtednesses of the Debtor to Secured Party presently existing or which may in any manner or means hereafter be incurred by the Debtor and evidenced in any manner whatsoever, either by notes, advances, overdrafts, bookkeeping entries or any other method or means, it being expressly agreed and understood that any and all sums now owed to or hereafter advanced by said Secured Party to the Debtor of said note shall be payable at FIRST NATIONAL BANK OF BRYA▇, ▇▇07 ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇d shall bear interest as may be provided in such Note or other evidences of indebtedness given by the Debtor to said Secured Party, including any renewal and extension of any note or of any part of the said indebtedness of the Debtor, and including any further loans and advancements made by said Secured Party to the Debtor of said note under the provisions hereof, which future advances, it is acknowledged are contemplated; and (5) all liabilities of Debtor to Secured Party now existing or hereafter incurred, matured or unmatured, direct or contingent, and any renewals and extensions thereof and substitutions therefor.