Common use of Security Interests Effective Immediately Clause in Contracts

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 to, this Agreement shall obligate the Secured Party to make any advance or loan or further advance, or bind the Secured Party to grant or extend any credit to the Debtor, but the Security Interest hereby created Interests 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 Security Agreement shall bind the Secured Party to grant any credit to the Debtor, but the Security Interest security interest hereby created shall take effect forthwith upon the execution of this Security Agreement by the Debtor.

Security Interests Effective Immediately. Neither the execution of, nor any filing with respect to to, this Security Agreement shall bind the Secured Party to grant any credit to the Debtor, but the Security Interest security interests hereby created shall take effect forthwith upon the execution of this Security Agreement by the Debtor.

Security Interests Effective Immediately. Neither the execution of, of nor any filing with respect to to, this Security Agreement shall bind the Secured Party to grant any credit to the Debtor, but the Security Interest security interests hereby created shall take effect forthwith upon the execution of this Security Agreement by the Debtor.