Security Interests Effective Immediately Sample Clauses
Security Interests Effective Immediately. Neither the execution of, nor any filing with respect to this Agreement shall bind the Secured Party to grant any credit to the Debtor, but the Security Interest hereby created shall take effect forthwith upon the execution of this Agreement by the Debtor.
Security Interests Effective Immediately. Neither the execution of, nor any filing with respect to, this Agreement shall obligate the Lender to make any advance or loan or further advance, or bind the Lender to grant or extend any credit to the Grantor, but the Security Interests shall take effect forthwith upon the execution of this Agreement by the Grantor.
Security Interests Effective Immediately. Neither the execution of, nor any filing with respect to, this Agreement shall obligate the Lender to make any advance or loan or further advance, or bind the Lender to grant or extend any credit to the Borrower, but the Security Interests shall take effect forthwith upon the execution of this Agreement by the Borrower.
Security Interests Effective Immediately. Neither the issuance nor registration of, or any filings with respect to, this Security Agreement, nor any partial advance or extension of credit by any of the Secured Parties, shall bind any of the Secured Parties to advance any amounts, grant any credit or supply any financial services to the Corporation, but the Security Interests shall take effect forthwith upon the issuance of this Security Agreement by the Corporation.