Common use of Security for Advances Clause in Contracts

Security for Advances. In addition to securing the Company's debts and obligations under and pursuant to this Security Agreement, the Loan Agreement, the Note and all other Loan Documents, this Security Agreement is intended to and does secure unpaid balances of advances made pursuant hereto, together with interest thereon at the Interest Rate for Advances from the respective dates thereof, including, without limitation, for the payment of taxes, assessments, insurance premiums and costs incurred for the protection of the Collateral.

Appears in 4 contracts

Samples: Security Agreement, Security Agreement (Guitammer Co), Security Agreement (Guitammer Co)

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