Security for Debt Sample Clauses

Security for Debt. Each Letter of Credit delivered under this Agreement shall be additional security for the payment of the Indebtedness. Upon the occurrence and during the continuance of an Event of Default, Lender shall have the right, at its option, to draw on any Letter of Credit and to apply all or any part thereof to the payment of the items for which such Letter of Credit was established or to apply each such Letter of Credit to payment of the Indebtedness in such order, proportion or priority as Lender may determine.
Security for Debt. Each Letter of Credit delivered under this Agreement shall be additional security for the payment of the Loan and all sums payable with respect to the Loan under this Agreement and the other Loan Documents. While a Default exists, Administrative Agent for the benefit of the Lenders shall have the right, at its option, to draw on any Letter of Credit and to apply all or any part thereof to the payment of interest, principal and all other sums payable with respect to the Obligations under this Agreement or the other Loan Documents in such order, proportion or priority as Administrative Agent may determine or to hold such proceeds as security for the Loan.
Security for Debt. This Note is secured by and entitled to (a) an Amended and Restated Security Agreement dated as of the date hereof, made by the Borrower for the benefit of the Bank (the "Security Agreement") and (b) UCC-1 financing statements filed with the Ohio Secretary of State and the Franklin County Recorder, each dated as of the date hereof, as any of the above may be further amended or modified from time to time. Nothing contained in this Note, the Security Agreement, or in any other document or instrument made in connection herewith, shall be deemed or construed to create a partnership, tenancy-in-common, joint tenancy, joint venture or co-ownership by or between the Bank and the Borrower. The Bank shall not be in any way responsible for the debts, losses, obligations or duties of the Borrower.
Security for Debt. 52 6.9.2 Additional Rights of Lender..........................................52 VII. PROPERTY MANAGEMENT Section 7.1 The Management Agreement.............................................53 Section 7.2 Prohibition Against Termination or Modification......................53 Section 7.3 Replacement of Manager...............................................53 VIII. PERMITTED TRANSFERS
Security for Debt. 117 Section 14.2 Additional Rights of Lender.....................................118
Security for Debt. 64 6.11.2 Additional Rights of Lender...................................65
Security for Debt. 61 6.9.2 Additional Rights of Lender..................................................................61 VII. PROPERTY MANAGEMENT Section 7.1 Management Agreements........................................................................62 Section 7.2 Replacement of Manager.......................................................................63 VIII. PERMITTED TRANSFERS
Security for Debt. 33 3.12.3 Additional Rights of Lender ....................... 33
Security for Debt. As security for the obligations of this Agreement, Lender has agreed to accept: