Secure Payment. To secure payment of indebtedness in the principal sum of up to One Million Three Hundred and 00/ 100 Dollars ($1,300,000.00), as evidenced by a note or notes executed and delivered by Debtor to Secured Party (the "Notes") and any obligations arising under this Agreement, and also to secure any other indebtedness or liability of Debtor to Secured Party, direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising and no matter how acquired by Secured Party, including all future advances or loans which may be made at the option of Secured Party (all the foregoing hereinafter called the "Indebtedness"), Debtor hereby grants and conveys to Secured Party a first priority continuing lien and security interest in the personal property described on any schedule(s) now or hereafter attached to or made a part hereof by reference hereto (the "Schedules"), all products and proceeds (including insurance proceeds) thereof, if any, and all substitutions, replacements, attachments, additions, and accessions thereto (all of the foregoing hereinafter called the "Collateral.") The Schedules may be supplemented from time to time to evidence the Collateral subject to this Agreement.
Secure Payment. To secure payment of indebtedness in the principal sum of up to Three Million Five Hundred Thousand and 00/ 100 Dollars ($3,500,000.00), as evidenced by a note or notes executed and delivered by Debtor to Secured Party (the "Notes") and any obligations arising under this Agreement, direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising and no matter how acquired by Secured Party, including all future advances or loans which may be made at the option of Secured Party (all the foregoing hereinafter called the "Indebtedness"), Debtor hereby grants and conveys to Secured Party a first priority continuing lien and security interest in the personal property described on any schedule(s) now or hereafter attached to or made a part hereof by reference hereto (the "Schedules"), all products and proceeds (including insurance proceeds) thereof, if any, and all substitutions, replacements, attachments, additions, and accessions thereto (all of the foregoing hereinafter called the "Collateral.") The Schedules may be supplemented from time to time to evidence the Collateral subject to this Agreement. Debtor shall request in writing each advance of principal under the Notes, which request shall be satisfactory to Secured Party in form and substance. Each advance shall be on and subject to the terms and conditions set forth in this Agreement and shall otherwise be at Secured Party's sole discretion. Each Note shall be in an amount not less than $250,000. No principal advance under any Notes shall be made after October 31, 1998, and each advance shall reduce, dollar for dollar, the amount that may be advanced under the Notes in the aggregate. Amounts advanced and repaid may not be reborrowed.
Secure Payment. The charges, pledges, transfers, assignments and security interest granted hereby secure the payment by ExpressVu to HTS of the Purchase Price. ExpressVu shall from time to time, at the request of HTS, execute and deliver all such documents as may be reasonably required to give effect to, or to record, register or evidence, the charges, pledges, transfers, assignments and security interest hereby granted.
Secure Payment. To secure payment of indebtedness as evidenced by the $3,500,000 Promissory Note of even date herewith made by Debtors, payable to the order of Secured Party (the "Note"), and any obligations arising under this Agreement, and also to secure any other indebtedness
Secure Payment. 63 29.3 Realization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 29.4 Discharge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63 ARTICLE 30 [CONFIDENTIAL MATERIAL REDACTED] ARTICLE 31 [CONFIDENTIAL MATERIAL REDACTED]
Secure Payment. To secure payment of indebtedness as evidenced by a note or notes (the "Notes"), which Debtor has executed and delivered or will execute and deliver to Secured Party and also to secure any other indebtedness or liability of Debtor to Secured Party, direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising and no matter how acquired by Secured Party, including all future advances or loans which may be made at the option of Secured Party (all the foregoing hereinafter called the "Indebtedness"), Debtor hereby grants and conveys to Secured Party a first superior continuing lien and security interest in the property described below and/or on the Schedule(s) attached hereto (the "Schedules"), all products and proceeds (including insurance proceeds) thereof, if any, and all increases, substitutions, replacements, attachments, additions, and accessions thereto, all or any of the foregoing hereinafter called the "Collateral". (DESCRIPTION OF COLLATERAL ON ATTACHED SCHEDULES. THE SCHEDULES MAY BE SUPPLEMENTAL FROM TIME TO TIME TO EVIDENCE THE COLLATERAL, SUBJECT TO THIS AGREEMENT.)
Secure Payment. To secure payment of all Indebtedness, Borrower hereby grants and conveys to Lender a continuing lien and security interest in the Collateral, provided, however, if Lender assigns any Notes, then, the term "Indebtedness" as used herein with respect to any assignee shall mean only the indebtedness evidenced by or related to Notes held by the assignee, and the term Collateral as used herein with respect to such assignee shall mean only the Collateral described on the Schedules that specifically refer to the Notes held by such assignee. Each advance of principal under a Note shall be on and subject to the terms and conditions set forth in the Loan Documents, including those conditions set forth in any Conditions Rider relating to the Note.
Secure Payment. To secure payment of all Indebtedness, Borrower hereby grants and conveys to Lender a continuing lien and security interest in the Collateral, PROVIDED, HOWEVER, if Lender assigns any Notes, then, the term "Indebtedness" as used herein with respect to any assignee shall mean only the indebtedness evidenced by or related to Notes held by the assignee, and the term Collateral as used herein with respect to such assignee shall mean only the Collateral described on the Schedules that specifically refer to the Notes held by such assignee. Each advance of principal under a Note shall be on and subject to the terms and conditions set forth in the Loan Documents.
Secure Payment. To secure payment of indebtedness in the principal sum of up to One Million and 00/ 100 Dollars ($1,000,000.00), as evidenced by a note or notes executed and delivered by Debtor to Secured Party (the "Notes") and any obligations arising under this Agreement, including all future advances or loans which may be made at the option of Secured Party (all the foregoing hereinafter called the "Indebtedness"), Debtor hereby grants and conveys to Secured Party a first priority continuing lien and security interest in the personal property described on any schedule(s) now or hereafter attached to or made a part hereof by reference hereto (the "Schedules"), all products and proceeds (including insurance proceeds) thereof, if any, and all substitutions, replacements, attachments, additions, and accessions thereto (all of the foregoing hereinafter called the "Collateral.") The Schedules may be supplemented from time to time to evidence the Collateral subject to this Agreement. Debtor shall request in writing each advance of principal under the Notes, which request shall be satisfactory to Secured Party in form and substance. Each advance shall be on and subject to the terms and conditions set forth in this Agreement and shall otherwise be at Secured Party's sole discretion. Each Note shall be in an amount not less than $50,000.00. No principal advance under any Notes shall be made after January 4, 1998, and each advance shall reduce, dollar for dollar, the amount that may be advanced under the Notes in the aggregate. Amounts advanced and repaid may not be reborrowed.
Secure Payment. To secure payment of indebtedness in the principal sum of up to Two Million Five Hundred Thousand and 00/100 Dollars ($2,500,000.00) as evidenced by a note or notes (individually, a "Note," and together, the "Notes"), which Debtor has executed and delivered or will execute and deliver to Secured Party and also to secure any other indebtedness or liability of Debtor to Secured Party, direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising and no matter how acquired by Secured Party, including all future advances or loans which may be made at the option of Secured Party (all the foregoing hereinafter called the "Indebtedness"), Debtor hereby grants and conveys to Secured Party a first superior continuing lien and security interest in the property described below and/or on the Schedule(s) attached hereto (the "Schedules"), all products and proceeds (including insurance proceeds) thereof, if any, and all increases, substitutions, replacements, attachments, additions, and accessions thereto, all or any of the foregoing hereinafter called the "Collateral". (Description of Collateral on Attached Schedules. The Schedules may be supplemented from time to time to evidence the Collateral, subject to this Agreement.)
