Security for Payment of Purchase Price. Customer hereby grants UTITEC a security interest in the Products and tooling (as described in Section 5 below), if any, and proceeds thereof to secure the due payment and performance of all of Customer's obligations to UTITEC. Upon request, Customer shall deliver to UTITEC financing statements covering this security interest suitable for filing. UTITEC is authorized to file all financing statements deemed appropriate by UTITEC or this document as a financing statement without the consent or signature of Customer.
Security for Payment of Purchase Price. To secure payment of amounts payable by you to UIS with respect to the Products, you hereby grant to UIS a continuing purchase money security interest and lien on the Products, whenever sold, consigned, or delivered and wherever located, and all replacements or proceeds of the Products, until the invoice for the applicable Products (including installation thereof) is paid in full, including payment of any late charges and costs of collection. You grant UIS a limited power of attorney, coupled with an interest, to execute financing statements and other documents or to take any other action in the name of Buyer necessary to perfect the security interest granted herein. Upon UIS’s request, you will execute such other or additional documents as may be necessary for the enforcement or protection of UIS’s security interest granted herein.
Security for Payment of Purchase Price. To secure payment of amounts payable by Buyer to Evoqua with respect to the Products, Buyer hereby grants to Evoqua a continuing purchase money security interest and lien on the Products, whenever sold, consigned, or delivered and wherever located, and all replacements or proceeds of the Products, until the invoice for the applicable Products (including installation thereof) is paid in full, including payment of any late charges and costs of collection. Buyer grants Evoqua a limited power of attorney, coupled with an interest, to execute financing statements and other documents or to take any other action in the name of Buyer necessary to perfect the security interest granted herein. Upon Evoqua’s request, Xxxxx will execute such other or additional documents as may be necessary for the enforcement or protection of Evoqua’s security interest granted herein.
Security for Payment of Purchase Price. To secure payment of amounts payable by Buyer to Cantel Canada with respect to the Products, Buyer hereby grants to Cantel Canada a continuing purchase money security interest and lien on the Products, whenever sold, consigned, or delivered and wherever located, and all replacements or proceeds of the Products, until the invoice for the applicable Products (including installation thereof) is paid in full, including payment of any late charges and costs of collection. Buyer grants Cantel Canada a limited power of attorney, coupled with an interest, to execute financing statements and other documents or to take any other action in the name of Buyer necessary to perfect the security interest granted herein. Upon Cantel Canada’s request, Buyer will execute such other or additional documents as may be necessary for the enforcement or protection of Cantel Canada’s security interest granted herein.
Security for Payment of Purchase Price. Customer hereby grants XXXXX a security interest in the Products (as described in Section 4 below), if any, and proceeds thereof to secure the due payment and performance of all of Customer’s obligations to XXXXX. Upon request, Customer shall deliver to XXXXX financing statements covering this security interest suitable for filing. XXXXX is authorized to file all financing statements deemed appropriate by XXXXX or this document as a financing statement.
Security for Payment of Purchase Price. Payment of the Note will be secured by a Stock Pledge and Security Agreement in the form attached to this Agreement as Exhibit B (the “Pledge Agreement”). The Purchaser agrees to execute and deliver the Pledge Agreement to the Selling Shareholder on the Date of this Agreement.
Security for Payment of Purchase Price. The payment and performance of the Note and this Agreement by the Buyer, shall be secured by the Buyer’s grant of a first priority secured interest in the Stock purchased by Buyer (the “Collateral”). Buyer shall do all acts and things as Seller may from time to time deem necessary or advisable to enable it to perfect, maintain and continue the perfection and priority of the security interest of Seller in the Collateral, or to facilitate the exercise by Seller of any rights or remedies granted to Seller hereunder or provided by law. Without limiting the foregoing, Buyer agrees to execute, in form and substance satisfactory to Seller, such financing statements, continuation statements, amendments thereto, supplemental agreements, assignments, notices of assignments, and other instruments and documents as Seller may from time to time request. Buyer shall execute and deliver and use its best efforts to cause the appropriate depository institutions or other entities holding securities accounts on behalf of Buyer to execute and deliver account control agreements for the benefit of Seller (the “Control Agreement”) in substantially the form attached as Exhibit B. Buyer hereby authorizes Seller to file one or more financing or continuation statements, and amendments thereto (or similar documents required by the laws of any applicable jurisdiction), relating to all or any part of the Collateral, without the signature of Buyer where permitted by law, and with such information required by the UCC for the sufficiency or filing office acceptance of such statements and amendments.
Security for Payment of Purchase Price. To secure payment of amounts payable by Buyer to Mar Cor with respect to the Products, Buyer hereby grants to Mar Cor a continuing purchase money security interest and lien on the Products, whenever sold, consigned, or delivered and wherever located, and all replacements or proceeds of the Products, until the invoice for the applicable Products (including installation thereof) is paid in full, including payment of any late charges and costs of collection. Buyer grants Mar Cor a limited power of attorney, coupled with an interest, to execute financing statements and other documents or to take any other action in the name of Buyer necessary to perfect the security interest granted herein. Upon Mar Cor’s request, Buyer will execute such other or additional documents as may be necessary for the enforcement or protection of Mar Cor’s security interest granted herein.
Security for Payment of Purchase Price. To secure payment of amounts payable by Customer to Xxxxxxxxx, Customer hereby grants to Xxxxxxxxx a continuing purchase money security interest and lien on the Products, whenever sold, consigned, or delivered and wherever located, and all replacements or proceeds of the Products, until the invoice for the applicable Products (including installation thereof) is paid in full, including payment of any interest and costs of collection. Customer grants Xxxxxxxxx a limited power of attorney, coupled with an interest, to execute financing statements and other documents or to take any other action in the name of Customer necessary to perfect the security interest granted herein. Upon Xxxxxxxxx’x request, Customer will execute such other or additional documents as may be necessary for the enforcement or protection of Xxxxxxxxx’x security interest granted herein.
Security for Payment of Purchase Price i. Buyer hereby grants to Nortech Systems a security interest in the Products and proceeds thereof to secure payment of the purchase price of the Products and all of Buyer's related and incidental obligations to Nortech Systems. Upon Nortech Systems’ request, Buyer shall execute suitable financing statements for filing. Nortech Systems may file this Agreement as a financing statement.
