Common use of Rights with respect to Collateral Clause in Contracts

Rights with respect to Collateral. Each Secured Party agrees with all other Secured Parties and the Agent (i) that it shall not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any other agreement or otherwise (other than pursuant to this Agreement), or take or institute any action against the Agent or any of the other Secured Parties in respect of the Collateral or its rights hereunder (other than any such action arising from the breach of this Agreement) and (ii) that such Secured Party has no other rights with respect to the Collateral other than as set forth in this Agreement and the other Transaction Documents. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations under the Agreement. After any retiring Agent’s resignation or removal hereunder as Agent, the provisions of the Agreement including this Annex B shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent. DISCLOSURE SCHEDULES TO SECURITY AGREEMENT BY AND AMONG PROPANC HEALTH GROUP CORP., THE GUARANTORS AND EACH SECURED PARTIES IDENTIFIED ON THE SIGNATURE PAGE Dated as of: October __, 2015

Appears in 1 contract

Samples: Security Agreement (Propanc Health Group Corp)

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Rights with respect to Collateral. Each Secured Party agrees with all other Secured Parties and the Agent (i) that it shall not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any other agreement or otherwise (other than pursuant to this Agreement), or take or institute any action against the Agent or any of the other Secured Parties in respect of the Collateral or its rights hereunder (other than any such action arising from the breach of this Agreement) and (ii) that such Secured Party has no other rights with respect to the Collateral other than as set forth in this Agreement and the other Transaction Documents. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations under the Agreement. After any retiring Agent’s resignation or removal hereunder as Agent, the provisions of the Agreement including this Annex B shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent. DISCLOSURE SCHEDULES TO SECURITY AGREEMENT BY AND AMONG PROPANC HEALTH GROUP CORP.Schedule A Collateral Locations Schedule B Encumbrances on Collateral Schedule C Consents and Authorizations Schedule D Debtor Information Schedule E Names and Acquisitions Schedule F Debtor Intellectual Property Schedule G Pledged Securities The securities owned by the Company are as follows: Entity Name Capital Stock Sovryn Holdings, THE GUARANTORS AND EACH SECURED PARTIES IDENTIFIED ON THE SIGNATURE PAGE Dated as of: October __, 2015Inc. 100%

Appears in 1 contract

Samples: Security Agreement (Madison Technologies Inc.)

Rights with respect to Collateral. Each Secured Party agrees with all other Secured Parties and the Agent (i) that it shall not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any other agreement or otherwise (other than pursuant to this Agreement), or take or institute any action against the Agent or any of the other Secured Parties in respect of the Collateral or its rights hereunder (other than any such action arising from the breach of this Agreement) and (ii) that such Secured Party has no other rights with respect to the Collateral other than as set forth in this Agreement and the other Transaction Documents. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations under the Agreement. After any retiring Agent’s resignation or removal hereunder as Agent, the provisions of the Agreement including this Annex B shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent. DISCLOSURE SCHEDULES TO SECURITY AGREEMENT BY AND AMONG PROPANC HEALTH GROUP CORP., THE GUARANTORS AND EACH SECURED PARTIES IDENTIFIED ON THE SIGNATURE PAGE Dated as of: October __, 2015SCHEDULE A ¨ SCHEDULE B ¨ SCHEDULE C ¨ SCHEDULE D ¨ SCHEDULE E ¨ SCHEDULE F ¨ SCHEDULE G ¨ SCHEDULE H ¨ SCHEDULE I ¨

Appears in 1 contract

Samples: Security Agreement (Amarantus Bioscience Holdings, Inc.)

Rights with respect to Collateral. Each Secured Party agrees with all other Secured Parties and the Agent (i) that it shall not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any other agreement or otherwise (other than pursuant to this Agreement), or take or institute any action against the Agent or any of the other Secured Parties in respect of the Collateral or its rights hereunder (other than any such action arising from the breach of this Agreement) and (ii) that such Secured Party has no other rights with respect to the Collateral other than as set forth in this Agreement and the other Transaction Documents. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations under the Agreement. After any retiring Agent’s 's resignation or removal hereunder as Agent, the provisions of the Agreement including this Annex B shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent. DISCLOSURE SCHEDULES TO SECURITY AGREEMENT BY AND AMONG PROPANC HEALTH GROUP CORP.SCHEDULE A Location of Collateral 0000 Xxxxxx Xxxxxx Xxxxxxx, THE GUARANTORS AND EACH SECURED PARTIES IDENTIFIED ON THE SIGNATURE PAGE Dated as of: October __, 2015XX 00000 SCHEDULE B

Appears in 1 contract

Samples: Security Agreement (Sg Blocks, Inc.)

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Rights with respect to Collateral. Each Secured Party agrees with all other Secured Parties and the Agent (i) that it shall not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any other agreement or otherwise (other than pursuant to this Agreement), or take or institute any action against the Agent or any of the other Secured Parties in respect of the Collateral or its rights hereunder (other than any such action arising from the breach of this Agreement) and (ii) that such Secured Party has no other rights with respect to the Collateral other than as set forth in this Agreement and the other Transaction Documents. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations under the Agreement. After any retiring Agent’s resignation or removal hereunder as Agent, the provisions of the Agreement including this Annex B shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent. DISCLOSURE SCHEDULES TO SECURITY AGREEMENT BY AND AMONG PROPANC HEALTH GROUP CORP., THE GUARANTORS AND EACH SECURED PARTIES IDENTIFIED ON THE SIGNATURE PAGE Dated as of: October __, 2015SCHEDULE A SCHEDULE B SCHEDULE C SCHEDULE D SCHEDULE E SCHEDULE F SCHEDULE G SCHEDULE H SCHEDULE I

Appears in 1 contract

Samples: Security Agreement (Victory Electronic Cigarettes Corp)

Rights with respect to Collateral. Each Secured Party agrees with all other Secured Parties and the Agent (i) that it shall not, and shall not attempt to, exercise any rights with respect to its security interest in the Collateral, whether pursuant to any other agreement or otherwise (other than pursuant to this Agreement), or take or institute any action against the Agent or any of the other Secured Parties in respect of the Collateral or its rights hereunder (other than any such action arising from the breach of this Agreement) and (ii) that such Secured Party has no other rights with respect to the Collateral other than as set forth in this Agreement and the other Transaction Documents. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring Agent shall be discharged from its duties and obligations under the Agreement. After any retiring Agent’s resignation or removal hereunder as Agent, the provisions of the Agreement including this Annex B shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent. DISCLOSURE SCHEDULES TO SCHEDULE A to SECURITY AGREEMENT BY AND AMONG PROPANC HEALTH GROUP CORP.PRINCIPAL PLACE OF BUSINESS 00 Xxxxxx Xxxxx, THE GUARANTORS AND EACH SECURED PARTIES IDENTIFIED ON THE SIGNATURE PAGE Dated as of: October __Xxxxx Xxx Xxxxxxxx, 2015Xxx Xxxx 00000 SCHEDULE B to SECURITY AGREEMENT

Appears in 1 contract

Samples: Security Agreement (BioRestorative Therapies, Inc.)

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