Common use of Security for Payment Clause in Contracts

Security for Payment. To secure payment of all sums due under this Agreement, Borrower grants Lender a security interest in any unearned premiums or other sums which may become payable under the Scheduled Policies of Insurance shown on page 3.

Appears in 2 contracts

Samples: Finance Agreement, Premium Finance Agreement (Windstar Energy, LLC)

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Security for Payment. To secure payment of all sums due under this Agreement, Borrower grants Lender a security interest in any unearned premiums or other sums which may become payable under the Scheduled Policies of Insurance insurance shown on page 3.

Appears in 2 contracts

Samples: Baltia Air Lines Inc, Baltia Air Lines Inc

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Security for Payment. To secure payment of all sums due under this Agreement, Borrower grants Lender a security interest in any unearned premiums or other sums which may become payable under the Scheduled Schedule Policies of Insurance shown on page 3.

Appears in 1 contract

Samples: Premium Finance Agreement (Oragenics Inc)

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