Common use of New Collateral Clause in Contracts

New Collateral. If, before the Obligations shall have been irrevocably paid in full and the Commitment terminated, Pledgor shall obtain rights to any new Collateral, the provisions of this Agreement hereby shall automatically apply thereto as if the same were identified on Schedule 1 as of the date hereof and Pledgor shall give Lender prompt written notice thereof.

Appears in 3 contracts

Samples: Intellectual Property Security Agreement (S&W Seed Co), Security Agreement (Aldila Inc), Security Agreement (Aldila Inc)

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New Collateral. If, before the Secured Obligations shall have been irrevocably paid in full and the Commitment terminated, the Pledgor shall obtain rights to any new Collateral, the provisions of this Agreement hereby shall automatically apply thereto as if the same were identified on Schedule 1 as of the date hereof and the Pledgor shall give Lender the Administrative Agent prompt written notice thereof.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (ZAGG Inc), Intellectual Property Security Agreement (ZAGG Inc)

New Collateral. If, before the Obligations shall have been irrevocably paid in full and the Commitment terminated, Pledgor shall obtain rights to any new Collateral, the provisions of this Agreement hereby shall automatically apply thereto as if the same were identified on Schedule 1 as of the date hereof and Pledgor shall give Lender Agent prompt written notice thereof.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (Webmedia Brands Inc.), Intellectual Property Security Agreement (Jupitermedia Corp)

New Collateral. If, before the Obligations shall have been irrevocably paid in full and the Commitment Swap Agreement terminated, Pledgor shall obtain rights to any new Collateral, the provisions of this Agreement hereby shall automatically apply thereto as if the same were identified on Schedule 1 as of the date hereof and Pledgor shall give Lender Agent prompt written notice thereof.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Webmedia Brands Inc.)

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New Collateral. If, before the Obligations shall have been irrevocably paid satisfied in full and the Commitment terminated, Pledgor shall obtain rights to any new Collateral, the provisions of this Agreement Section 1 hereby shall automatically apply thereto as if the same were identified on Schedule 1 as of the date hereof and Pledgor shall give Lender Administrative Agent prompt written notice thereof.

Appears in 1 contract

Samples: Hawk Corp

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