Common use of Security; Indebtedness Clause in Contracts

Security; Indebtedness. For all financing to be provided by, or guaranteed by, Roquette pursuant to this Article 5, (i) the Company shall be financially responsible for repayment of all principal and interest to Roquette or its financing partner as a priority creditor, and (ii) such obligations shall be secured by a first priority security interest in all of the assets of the Company (other than the intellectual property rights and similar intangible property of the Company). The legal relationship for all financing secured and/or underwritten or guaranteed by Roquette shall be directly between the Company and the financial provider (which may or may not be Roquette), and the resulting indebtedness and liabilities shall sit fully and solely on the balance sheet of the Company.