Common use of Security for Notes Clause in Contracts

Security for Notes. All Obligations shall be secured by one or more of a Deed of Trust, Security Agreement, Assignment of Rents and Leases, and Fixture Filing (collectively, as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Deed of Trust”) in a form approved by Lender covering certain real and personal property in which Borrower has an interest, (any land subject to Deed of Trust being the “Mortgaged Land” and the Mortgaged Land, together with all personal property covered by the Deed of Trust being the “Collateral”). Borrower shall also execute and deliver, or cause to be executed and delivered, such other agreements, instruments, financing statements and documents as are deemed necessary by Lender in order to perfect any security for any of the Obligations or otherwise effectuate the purpose of this Section 2.12.

Appears in 2 contracts

Sources: Loan Agreement (Crimson Wine Group, LTD), Loan Agreement (Crimson Wine Group, LTD)