Common use of Valuable Consideration Clause in Contracts

Valuable Consideration. The parties hereby acknowledge that: (a) value has been given; (b) the Debtor has rights, or, in the case of after-acquired property, will have rights, in the Collateral; and (c) the parties have not agreed to postpone the time for attachment of the security interest created by this Agreement. The parties further agree that the Security Interest created by this Agreement are intended to attach to all Collateral in which the Debtor acquires an interest as a result of any amalgamation, arrangement or similar proceeding.

Valuable Consideration. The parties hereby acknowledge that: (a) value has been given; (b) the Debtor Guarantor has rights, or, in the case of after-acquired property, will have rights, in the Collateral; and (c) the parties have not agreed to postpone the time for attachment of the security interest created by this Agreement. The parties further agree that the Security Interest created by this Agreement are intended to attach to all Collateral in which the Debtor Guarantor acquires an interest as a result of any amalgamation, arrangement or similar proceeding.