Security for Liabilities Clause Samples
The 'Security for Liabilities' clause establishes that one party must provide collateral or another form of security to guarantee the fulfillment of its financial obligations under the agreement. This security can take various forms, such as a bank guarantee, a letter of credit, or a charge over assets, and is typically required when there is a risk that the party may not be able to meet its liabilities. By requiring security, this clause protects the other party from potential losses due to non-payment or default, thereby allocating risk and ensuring greater financial assurance within the contractual relationship.
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Security for Liabilities. The Pledged Collateral secures the prompt payment, performance and observance of (i) the Obligations and (ii) the Pledgor's obligations and liabilities under this Agreement and each agreement, document or instrument executed pursuant to or in connection with this Agreement (all such obligations and liabilities of the Pledgor and the Borrower now or hereafter existing being hereinafter referred to as the "LIABILITIES").
Security for Liabilities. The Pledged Collateral secures the prompt payment, performance and observance of (i) all Obligations and (ii) all obligations of Pledgor under this Agreement (all such obligations referred to in clauses (i) and (ii) now or hereafter existing being hereinafter collectively referred to as the "Liabilities").
Security for Liabilities. This Agreement secures the payment and performance of all indebtedness, obligations, and liabilities of every kind and nature (whether primary or secondary, direct or indirect, absolute or contingent, sole, joint, or several, secured or unsecured, similar or dissimilar, or related or unrelated), heretofore, now, or hereafter contracted or acquired, of Obligor to Secured Party (collectively, the "Liabilities").
Security for Liabilities. The Pledged Collateral secures the prompt payment, performance and observance of (i) the Borrower's obligations and liabilities under the Loan and Security Agreement and each agreement, document or instrument executed pursuant to or in connection with the Loan and Security Agreement, (ii) the Pledgor's obligations and liabilities under the Guaranty and (iii) the Pledgor's obligations and liabilities under this Pledge Agreement and each agreement, document or instrument executed pursuant to or in connection with this Pledge Agreement (all such obligations and liabilities of the Pledgor and the Borrower now or hereafter existing being hereinafter referred to as the "Liabilities").
Security for Liabilities. This Agreement secures, and the Collateral is security for, the prompt payment in full when due, whether at stated maturity, by acceleration or otherwise, and performance of all obligations of Borrower now or hereafter existing under the Subordinated Note (collectively, the “Secured Liabilities”).
Security for Liabilities. This Agreement and the security interest in and pledge of the Stock Collateral hereunder are made with and granted to the Lender as security for the payment and performance in full of all the Liabilities.
Security for Liabilities. The Pledged Collateral secures the payment and performance of all Obligations (as defined in the Guaranty) and all obligations of Parent and Borrowers now or hereafter existing under this Agreement or the other Loan Documents (the Obligations and all liabilities and obligations of Parent or Borrowers now or hereafter existing under this Agreement, the Guaranty or the other Loan Documents are referred to collectively as the “Liabilities”).
Security for Liabilities. The Pledged Collateral secures the payment and performance of all of the Liabilities.
Security for Liabilities. The Pledged Collateral secures the prompt performance and observance of each of the Pledgor's obligations and liabilities arising under or out of Section 3(a) of the Stockholders Agreement (together with the related definitions and ancillary provisions) and this Agreement (all such obligations and liabilities of the Pledgor now existing or hereafter arising being hereinafter referred to as the "Liabilities").
Security for Liabilities. The Pledged Collateral secures the full and prompt payment, performance and observance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations.