No Separate Security Sample Clauses
No Separate Security. The Lender shall not obtain from the Borrower, any guarantor or any other person or entity any additional collateral, guaranty, or security that separately secures the portion of the loan not guaranteed by VSBFA.
No Separate Security. Each Senior Secured Party (for itself, each Person on whose behalf it executes this Agreement and any Person claiming through it) represents and warrants to each other Senior Secured Party that it has not received, and covenants to each other Senior Secured Party that it will not receive, any security interest in respect of the Senior Secured Obligations other than any security interest granted pursuant to any Senior Secured Credit Document.
No Separate Security. Each Secured Party that is a party to this Agreement (for itself and any Person claiming through it): (a) agrees that, except as otherwise provided herein, all Collateral is for the joint benefit of all the Secured Parties (subject to the priority among the Secured Parties set out herein); and (b) represents and warrants to each other Secured Party that, in respect of any Secured Debt Obligations now or hereafter owing to such Secured Party (other than an Agent), it has received no security or guarantees from the Borrower or any Affiliate thereof, other than (i) its interest in the Collateral as provided in the Security Documents, if any, or (ii) as otherwise provided pursuant to the Financing Documents. In furtherance of the foregoing, if any Secured Party (other than an Agent) shall receive or be entitled to demand or otherwise call upon any guaranty, security or other assurance of payment which is not described in clause (i) or (ii) of the preceding sentence in respect of the Secured Debt Obligations owed to such Secured Party, such Secured Party shall receive any proceeds thereof in trust for all the Secured Parties (to be shared promptly and ratably (subject to the priority provisions among the Secured Parties established herein) with the other Secured Parties) and shall exercise its rights to demand or call upon such guaranty, security or other assurance of payment as directed by the Majority Secured Parties.
No Separate Security. Each Creditor Party represents and warrants to each other Creditor Party that, in respect of its Senior Debt Obligations, it has not received any security or guaranty from the Company or any of its Subsidiaries or any other Person other than its interest in the Collateral as provided in the Financing Documents.
No Separate Security. 17 3.6 Subordinated Affiliate Bonds .............................. 17
No Separate Security. Each Secured Party that is a party hereto (for itself and any Person claiming through it)
No Separate Security. Each Secured Party that is a party -------------------- hereto (for itself, each party on whose behalf it executes this Agreement and any Person claiming through it)
(a) agrees that all collateral security pledged under the Security Documents is for the joint benefit of all the Secured Parties and (b) represents and warrants to each other Secured Party that, in respect of the Senior Secured Obligations owing to it, it has received no security or guarantees from the Issuer or any of its Affiliates other than its interest in the Collateral as provided in the Security Documents.