Common use of Secured Agreement Clause in Contracts

Secured Agreement. To secure repayment of all obligations evidenced by this Agreement and performance of all of Borrower's obligations hereunder (including interest accruing after an Insolvency Event), Borrower grants Sand Hill a security interest in the property described in EXHIBIT A attached hereto (the "Collateral"). Borrower shall take such actions as Sand Hill requests from time to time to perfect or continue the security interest granted hereunder. Borrower shall not dispose of or encumber or permit to be encumbered or attached any part of the Collateral without Sand Hill's prior written consent except for dispositions of inventory made in the ordinary course of Borrower's business.

Secured Agreement. To secure repayment of all obligations evidenced by ----------------- this Agreement and performance of all of Borrower's obligations hereunder (including interest accruing after an Insolvency Event), Borrower grants Sand Hill a security interest in the property described in EXHIBIT Exhibit A attached hereto --------- (the "Collateral"). Borrower shall take such actions as Sand Hill requests from time to time to perfect or continue the security interest granted hereunder. Borrower shall not dispose of or encumber or permit to be encumbered or attached any part of the Collateral without Sand Hill's prior written consent except for dispositions of inventory made in the ordinary course of Borrower's business.