Common use of Security Interest for “Obligations Clause in Contracts

Security Interest for “Obligations. The term “Obligations” as used in this Annex includes the following additional obligations: With respect to Party A:None With respect to Party B:All obligations of Party B or any Affiliate of Party B to Party A or any of Party A’s Affiliates, whether direct or indirect, absolute or contingent, due or to become due or now existing or hereafter incurred, arising under or owed under the terms of (i) this Agreement (including any Confirmation hereunder), (ii) that certain Energy Services Agreement, dated as of the date hereof, between Party A and Party B (the “ESA”), (iii) that certain Security Agreement, dated as of the date hereof, by Party B in favor of Party A (the “Security Agreement”), (iv) that certain Pledge Agreement, dated as of the date hereof, by and between Summer Energy Holdings, Inc. in favor of Party A (the “Pledge Agreement”) and (v) that certain Guaranty, dated as of the date hereof, by Summer Energy Holdings, Inc., in favor of Party A (the “Guaranty” and, together with this Agreement and all Confirmations hereto, the ESA, the Security Agreement, and the Pledge Agreement, the “Secured Documents” ) (including post-petition interest or other obligations arising under the terms of any of the Secured Documents for which Party B obtains relief under bankruptcy or other laws providing for relief from creditors) and any renewals, extensions, increases or rearrangements of the Secured Documents. Credit Support Obligations. DBl/ 97256732.2 ISDA®1994

Appears in 1 contract

Samples: Isda Master Agreement (Summer Energy Holdings Inc)

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