Single Obligation Sample Clauses

Single Obligation. The Loans, any Letter of Credit Obligations, and all of the other Obligations of the Borrower arising under this Agreement and the other Loan Documents shall constitute one general obligation of the Borrower secured, until the Termination Date, by all of the Collateral.
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Single Obligation. Seller’s obligations under the Agreement consist of a single obligation, notwithstanding that the Transactions are margined on a Transaction-by-Transaction basis. Upon an Event of Default, all Purchased Securities, all cash and other property held pursuant to the Agreement (including, but not limited to, all principal and interest payments received by Buyer as the owner of the Purchased Securities under all Transactions under the Agreement), and all payments and performance due under the Agreement, may be utilized by Buyer to satisfy Seller’s obligations under the Agreement. Notwithstanding anything to the contrary herein, Seller and Buyer agree in accordance with Paragraph 4(f) of the Repurchase Agreement that the calculation of the Buyer’s Margin Ratio, the Margin Deficit Amount and the Margin Excess Amount and the obligation of Seller to eliminate the Margin Deficit Amount shall be determined separately with respect to each Transaction pursuant to this Agreement and the applicable Confirmation.
Single Obligation. The Notes purchased by the Lender and all of the other Obligations of Borrowers arising under this Agreement and the other Note Documents shall constitute one general joint and several obligation of the Borrowers secured, until the Termination Date, by all of the Collateral.
Single Obligation. 3 1.4 Interest........................................................................................3 1.5 Eligible Accounts and Inventory.................................................................5 1.6 Fees............................................................................................6 1.7
Single Obligation. The Term Loan and all of the other Obligations of Borrower to Lender shall constitute one general obligation of Borrower secured by all of the Collateral.
Single Obligation. All of the Loans shall constitute one general obligation secured by Agent's security interest in all the Collateral and by all other security interests, liens, claims and encumbrances, now, or at any time hereafter, granted by Borrower to Agent. All of the rights of Agent and Lenders set forth in this Agreement shall apply to any modification, amendment, supplement or restatement of this Agreement and the other Loan Documents
Single Obligation. All Revolving Credit Advances to Borrower and all of the other Obligations of Borrower and any other Credit Party arising under this Agreement and the other Loan Documents shall constitute one general obligation of Borrower and the other Credit Parties secured, until the Termination Date, by all of the Collateral.
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Single Obligation. 51 Section 10.3 Knowing Waiver.......................................................................54 Section 10.4 Information..........................................................................54 -iii- CREDIT AND SECURITY AGREEMENT Dated as of October 23, 1998 PXXXX BROTHERS, INC., a Delaware corporation, PXXXX BROTHERS ARIZONA, INC., an Arizona corporation, PXXXX BROTHERS DISTRIBUTING, INC., an Arizona corporation, and TEJAS PB DISTRIBUTING, INC., an Arizona corporation (individually and collectively, the "Borrower"), and NORWEST BUSINESS CREDIT, INC., a Minnesota corporation (the "Lender"), hereby agree as follows:
Single Obligation. The parties hereto intend that all of the Obligations shall constitute one indebtedness, and that each Borrower shall constitute a borrower (and not a guarantor, surety or accommodation party), with respect to all of the Obligations. In the event that (and only to the extent that), notwithstanding the contrary intent of the parties, any court of competent jurisdiction determines that any Borrower is a guarantor, surety or accommodation party with respect to any portion of the Obligations, or has granted a lien or security interest on its property to secure the debt of another, the waivers and other provisions of this Section 10.2 shall apply to such Borrower in connection with the portion(s) of the Obligations (the "Guaranteed Obligations") with respect to which such Borrower is held not to be a borrower.
Single Obligation. The Term Loan shall constitute one general obligation of the Borrower, and shall be secured by Bank’s priority security interest in and Lien upon all of the Collateral and by all other security interests, Liens, claims and encumbrances heretofore, now or at any time or times hereafter granted by the Borrower and/or any Subsidiary to Bank.
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