Common use of Indebtedness Secured Clause in Contracts

Indebtedness Secured. 4. The Security Interest granted hereby secures payment and performance of any and all obligations, indebtedness and liability of the Debtor to 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 the 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 the Debtor shall continue to be liable for any Indebtedness remaining outstanding and the Secured Party shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: Security Agreement (Eroomsystem Technologies Inc)

AutoNDA by SimpleDocs

Indebtedness Secured. 4. The Security Interest granted hereby secures payment and performance of any and all obligations, indebtedness and liability of the Debtor to 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 the 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 the Debtor shall continue to be liable for any Indebtedness remaining outstanding and the Secured Party shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: Security Agreement (Identica Holdings Corp)

Indebtedness Secured. 4. The Security Interest granted hereby by Debtor to RBC secures payment and performance of any and all obligationsobligaxxxxx, indebtedness and liability of the Debtor to the Secured Party 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 the 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 the Debtor shall continue to be liable for any Indebtedness remaining outstanding and the Secured Party RBC shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: Security Agreement (Environmental Solutions Worldwide Inc)

Indebtedness Secured. 4. The Security Interest granted hereby secures payment and performance of any and all obligations, indebtedness and liability of the Debtor to the Secured Party 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 the 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 the Debtor shall continue to be liable for any Indebtedness remaining outstanding and the Secured Party Lender shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: General Security Agreement (Play La Inc.)

Indebtedness Secured. 4. The Security Interest granted hereby by Debtor to RBC secures payment and performance of any and all obligationsobligaxxxxx, indebtedness and liability of the Debtor to the Secured Party RBC (including interest thereon) present or future, direct or indirect, absolute or contingent, matured or not, extended or renewed, wheresoever and howsoever incurred incurred, and any ultimate unpaid balance thereof thereof, and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether the 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 the Debtor shall continue to be liable for any Indebtedness remaining outstanding and the Secured Party RBC shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: Security Agreement (Environmental Solutions Worldwide Inc)

AutoNDA by SimpleDocs

Indebtedness Secured. 4. The Security Interest Interests granted hereby secures payment and performance satisfaction of any and all obligations, indebtedness and liability of the Debtor Debtors to 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 the Debtor Debtors be bound alone or with another or of others and whether as principal or surety (hereinafter collectively called the "Indebtedness"). If the Security Interest Interests in the Collateral is collateral are not sufficient, in the event of default, to satisfy all Indebtedness of the DebtorDebtors, the Debtor acknowledges Debtors acknowledge and agrees agree that the Debtor Debtors shall continue to be liable for any Indebtedness remaining outstanding and the Secured Party shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: Form of General Security Agreement (Above Food Ingredients Inc.)

Indebtedness Secured. 4. 2.01 The Security Interest granted hereby secures payment and performance of any and all obligations, indebtedness and liability of the Debtor to the Secured Party Creditor (including including, without limitation, 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 at any time and from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether the 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 the Debtor shall continue to be liable for any Indebtedness remaining outstanding and the Secured Party Creditor shall be entitled to pursue full payment thereof.

Appears in 1 contract

Samples: Security Agreement (Methes Energies International LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!