One Obligation. The Loans, LC Obligations and other Obligations shall constitute one general obligation of Borrowers and are secured by Lender’s Lien on all Collateral; provided, however, that Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 3 contracts
Samples: Loan and Security Agreement (Blyth Inc), Loan and Security Agreement (Radiant Logistics, Inc), Loan Agreement (Par Pacific Holdings, Inc.)
One Obligation. The Loans, LC Obligations Loans and other Obligations shall constitute one general obligation of Borrowers and are secured by Lender’s Lien on all Collateral; provided, however, that Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 3 contracts
Samples: Loan and Security Agreement (Wireless Telecom Group Inc), Business Loan Agreement (Fuse Medical, Inc.), Loan and Security Agreement (Blue Star Foods Corp.)
One Obligation. The Loans, LC Obligations and other Obligations shall constitute one general obligation of Borrowers and are secured by Lender’s Lien on all Collateral; provided, however, that Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 2 contracts
Samples: Loan and Security Agreement (Orion Energy Systems, Inc.), Loan and Security Agreement (Arlo Technologies, Inc.)
One Obligation. The Loans, LC Obligations Loans and other Obligations shall constitute one general obligation of Borrowers Borrower and are secured by LenderAgent’s Lien (for the benefit of the Secured Parties) on all Collateral; provided, however, that Agent and each Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 2 contracts
Samples: Loan and Security Agreement (KCAP Financial, Inc.), Loan and Security Agreement (Flat Rock Capital Corp.)
One Obligation. The Loans, LC Obligations and other Obligations shall constitute one general obligation of Borrowers and are secured by Lender’s 's Lien on all Collateral; provided, however, that Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
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One Obligation. The Loans, LC Obligations Term Loan and other Obligations shall constitute one general obligation of Borrowers and are secured by Lender’s Lien on all Collateral; provided, however, that Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 1 contract
Samples: Term Loan and Security (Blyth Inc)
One Obligation. The Loans, LC Obligations Loans and other Obligations shall constitute one general obligation of Borrowers and are secured by LenderXxxxxx’s Lien on all Collateral; provided, however, that Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.. ARTICLE XIII -
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One Obligation. The Loans, LC Obligations Loan and other Obligations shall constitute one general obligation of Borrowers and are secured by Lender’s 's Lien on all Collateral; provided, however, that Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 1 contract
One Obligation. The Loans, LC Obligations Obligations, and other Obligations shall constitute one general obligation of Borrowers and are secured by Lender’s Lien on all Collateral; provided, however, that Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Xplore Technologies Corp)
One Obligation. The Loans, LC Obligations and other Obligations shall constitute one general obligation of Borrowers and are secured by LenderXxxxxx’s Lien on all Collateral; provided, however, that Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
Appears in 1 contract
Samples: Loan and Security Agreement (Orion Energy Systems, Inc.)
One Obligation. The Loans, LC Obligations and other Obligations shall constitute one general obligation of Borrowers and are (unless otherwise expressly provided in any Loan Document) shall be secured by Lender’s Lien on upon all Collateral; provided, however, that Lender shall be deemed to be a creditor of, and the holder of a separate claim against, each Borrower to the extent of any Obligations jointly or severally owed by such Borrower.
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