Common use of Indebtedness Secured Clause in Contracts

Indebtedness Secured. The Security Interest granted hereby secures payment and performance of any and all obligations, indebtedness and liability of Debtor to RBC (including interest thereon) 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 and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether Debtor be bound alone or with another or others and whether as principal or surety (hereinafter collectively called the “Indebtedness”). If the Security Interest in the Collateral is not sufficient, in the event of default, to satisfy all Indebtedness of the Debtor, the Debtor acknowledges and agrees that Debtor shall continue to be liable for any Indebtedness remaining outstanding and RBC shall be entitled to pursue full payment thereof.

Appears in 5 contracts

Samples: General Security Agreement (API Technologies Corp.), General Security Agreement (Spectrum Signal Processing Inc), General Security Agreement (Applied Digital Solutions Inc)

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Indebtedness Secured. The Security Interest granted hereby secures payment and performance of any and all obligations, indebtedness and liability of Debtor to RBC (including interest thereon) 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 and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether Debtor be bound alone or with another or others and whether as principal or surety (hereinafter collectively called the "Indebtedness"). If the Security Interest in the Collateral is not sufficient, in the event of default, to satisfy all Indebtedness of the Debtor, the Debtor acknowledges and agrees that Debtor shall continue to be liable for any Indebtedness remaining outstanding and RBC shall be entitled to pursue full payment thereof.

Appears in 3 contracts

Samples: General Security Agreement (Most Home Corp), General Security Agreement (Aspreva Pharmaceuticals CORP), Security Agreement (Environmental Solutions Worldwide Inc)

Indebtedness Secured. The Security Interest granted hereby secures payment and performance of any and all obligations, . indebtedness and liability of Debtor to RBC (including interest thereon) 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 and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether Debtor be bound alone or with another or others and whether as principal or surety (hereinafter collectively called the "Indebtedness"). If the Security Interest in the Collateral is not sufficient, in the event of default, to satisfy all Indebtedness of the Debtor, the Debtor acknowledges and agrees that Debtor shall continue to be liable for any Indebtedness indebtedness remaining outstanding and RBC shall be entitled to pursue full payment thereof.

Appears in 3 contracts

Samples: Financing Agreement (Ideal Accents Inc), Financing Agreement (Ideal Accents Inc), Financing Agreement (Ideal Accents Inc)

Indebtedness Secured. The Security Interest granted hereby secures payment and performance of any and all obligations, indebtedness and liability of Debtor to RBC (including interest thereon) 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 and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether Debtor be bound alone or with another or others and whether as principal principal, or surety (hereinafter collectively called the "Indebtedness"). If the Security Interest in the Collateral is not sufficient, in the event of default, to satisfy all Indebtedness of the Debtor, the Debtor acknowledges and agrees that Debtor shall continue to be liable for any Indebtedness remaining outstanding and RBC shall be entitled to pursue full payment thereof.

Appears in 2 contracts

Samples: General Security Agreement (Thomas Equipment, Inc.), General Security Agreement (Thomas Equipment, Inc.)

Indebtedness Secured. The Security Interest granted hereby secures payment and performance of any and all obligationsobligation, indebtedness and liability of Debtor to RBC Lender (including interest thereon) 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 and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether Debtor be bound alone or with another or others and whether as principal or surety (hereinafter collectively called the "Indebtedness"). If the Security Interest in the Collateral is not sufficient, in the event of default, to satisfy all Indebtedness of the Debtor, the Debtor acknowledges and agrees that Debtor shall continue to be liable for any Indebtedness remaining outstanding and RBC Lender shall be entitled to pursue full payment thereof.

Appears in 2 contracts

Samples: General Security Agreement (Dynamic Gold Corp.), General Security Agreement (Dynamic Gold Corp.)

Indebtedness Secured. The Security Interest granted hereby secures payment and performance of any and all obligations, indebtedness and liability of Debtor to RBC RIF (including interest thereon) 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 and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether Debtor be bound alone or with another or others and whether as principal or surety (hereinafter collectively called the "Indebtedness"). If the Security Interest in the Collateral is not sufficient, in the event of default, to satisfy all Indebtedness of the Debtor, the Debtor acknowledges and agrees that Debtor shall continue to be liable for any Indebtedness remaining outstanding and RBC RIF shall be entitled to pursue full payment thereof.

Appears in 2 contracts

Samples: General Security Agreement (American Bonanza Gold Corp.), General Security Agreement (American Bonanza Gold Corp.)

Indebtedness Secured. The Security Interest granted hereby secures payment and performance of any and all obligations, indebtedness and liability of Debtor to RBC the Secured Party (including interest thereon) 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 and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether Debtor be bound alone or with another or others and whether as principal or surety (hereinafter collectively called the "Indebtedness"). If the Security Interest in the Collateral is not sufficient, in the event of default, to satisfy all Indebtedness of the Debtor, the Debtor acknowledges and agrees that Debtor shall continue to be liable for any Indebtedness remaining outstanding and RBC the Secured Party shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: General Security Agreement (Braintech Inc)

Indebtedness Secured. The Security Interest granted hereby secures payment and performance of any and all obligations, indebtedness and liability of Debtor to RBC the Lender (including interest thereon) 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 and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again again, and whether Debtor be bound alone or with another or others and whether as principal or surety (hereinafter collectively called the “Indebtedness”). If the Security Interest in the Collateral is not sufficient, in the event of default, to satisfy all Indebtedness of the Debtor, the Debtor acknowledges and agrees that Debtor shall continue to be liable for any Indebtedness remaining outstanding and RBC the Lender shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: www.rbcroyalbank.com

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Indebtedness Secured. The Security Interest granted hereby secures payment and performance of any and all obligationsobligation, indebtedness and liability of Debtor to RBC (including interest thereon) 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 and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether Debtor be bound alone or with another or others and whether as principal or surety (hereinafter collectively called the "Indebtedness"). If the Security Interest in the Collateral is not sufficient, in the event of default, to satisfy all Indebtedness of the Debtor, the Debtor acknowledges and agrees that Debtor shall continue to be liable for any Indebtedness remaining outstanding and RBC shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: General Security Agreement (Pine Valley Mining Corp)

Indebtedness Secured. The Security Interest granted hereby by Debtor to RBC secures payment and performance of any and all obligationsobligaxxxxx, indebtedness and liability of Debtor to RBC (including interest thereon) ), 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 and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether Debtor be bound alone or with another or others and whether as principal or surety (hereinafter collectively called the "Indebtedness"). If the Security Interest in the Collateral is not sufficient, in the event of default, to satisfy all Indebtedness of the Debtor, the Debtor acknowledges and agrees that Debtor shall continue to be liable for any Indebtedness remaining outstanding and RBC shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: Security Agreement (Environmental Solutions Worldwide Inc)

Indebtedness Secured. The Security Interest granted hereby secures payment and performance satisfaction of any and all obligations, indebtedness and liability of Debtor to RBC the Creditor (including interest thereon) present or future, direct or indirect, absolute or contingent, matured mature or not, extended or renewed, wheresoever and howsoever heretofore or hereafter incurred and any ultimate unpaid balance thereof and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again against and whether Debtor be bound alone or with another or others and whether as principal or surety (hereinafter collectively called the “Indebtedness”). If the Security Interest interest in the Collateral is not sufficient, in the event of default, default to satisfy all Indebtedness indebtedness of the Debtor, the Debtor acknowledges and agrees that Debtor shall continue to be liable for any Indebtedness indebtedness remaining outstanding and RBC the Creditor shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: Security Agreement

Indebtedness Secured. The Security Interest granted hereby secures payment and performance of any and all obligations, indebtedness and liability of Debtor to RBC Lender (including interest thereon) present or of future, direct or indirect, absolute or contingent, matured or not, extended or renewed, wheresoever and howsoever incurred and any ultimate unpaid balance thereof and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether Debtor be bound alone or with another or others and whether as principal or surety (hereinafter collectively called referred to as the “Indebtedness”). If the Security Interest in the Collateral is not sufficient, in the event of default, to satisfy all Indebtedness of the Debtor, the Debtor acknowledges and agrees that Debtor shall continue to be liable for any Indebtedness remaining outstanding and RBC Lender shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: General Security Agreement (Play La Inc.)

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