Common use of Preference Payments Clause in Contracts

Preference Payments. Any monies Lender pays because of an asserted preference claim in Xxxxxxxx's bankruptcy will become a part of the Indebtedness and, at Xxxxxx's option, shall be payable by Borrower as provided above in the "EXPENDITURES BY XXXXXX" paragraph.

Appears in 4 contracts

Samples: Security Agreement (Physio Control International Corp \De\), Security Agreement (Phoenix Gold International Inc), Security Agreement (Physio Control International Corp \De\)

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