Security Interest Addendum definition

Security Interest Addendum means an agreement, in the form of attached Exhibit F, pursuant to which Seller will grant to Purchaser a first priority security interest in the Assigned Patent Rights to secure Seller’s payment and performance obligations under this Agreement.
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Examples of Security Interest Addendum in a sentence

  • Seller will pay all costs of filing any financing, continuation or termination statements and any other UCC filing made with respect to this Security Interest Addendum.

  • The sums agreed to be paid pursuant to this section are secured by this Security Interest Addendum.

  • Patent Owner’s obligation to pay the UWH Proceeds Payments shall be secured under the terms of a Security Interest Addendum in the form attached as Exhibit C (the “Security Interest Addendum”), and if requested by the Patent Owner, UWH agrees to execute a subordination agreement with respect to the security interest created thereby, in form reasonably acceptable to the UWH, with any person having a Senior Lien.

  • Furthermore, the provisions of this paragraph will not be a pre-condition to Seller’s exercise of any of its rights under the Security Interest Addendum attached as Exhibit E.

  • For the avoidance of doubt, neither this Agreement nor the Security Interest Addendum is a guarantee by any Affiliate of Patent Owner of Patent Owner’s payment obligations under this Agreement.

  • For the avoidance of doubt, neither this Agreement nor the Security Interest Addendum is a guarantee by any Affiliate of Purchaser of Purchaser’s payment obligations under this Agreement.

  • Purchaser’s obligations to make the Further Payments shall be secured under the terms of a Security Interest Addendum in the form attached as Exhibit E (the “Security Interest Addendum”).

  • Purchaser will not allow or grant any superior lien, claim, or security interest in the Collateral other than that created by this Security Interest Addendum, without separate consent in a writing executed by Seller.

  • As of the Effective Date, Seller executed the Security Interest Addendum and delivered two (2) originals of such Security Interest Addendum to Purchaser’s representatives.

  • Except as expressly amended by this Security Interest Addendum, the PPA remains in full force and effect, This Security Interest Addendum will not survive termination of the PPA pursuant to paragraph 3.5 thereof prior to the Closing.

Related to Security Interest Addendum

  • Security Agreement With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock.

  • Security Interest means any mortgage, security interest, pledge, lien, charge, claim, option, right to acquire, voting or other restriction, right-of-way, covenant, condition, easement, encroachment, restriction on transfer, or other encumbrance of any nature whatsoever.

  • Security Interests means the security interests in the Collateral granted hereunder securing the Secured Obligations.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Security Instruments means, collectively, (a) the Mortgages, (b) the Transfer Letters, (c) the Pledge Agreements, (d) the Security Agreements, (e) each other agreement, instrument or document executed at any time in connection with the Pledge Agreements, the Security Agreements, or the Mortgages, (f) each agreement, instrument or document executed in connection with the Cash Collateral Account; and (g) each other agreement, instrument or document executed at any time in connection with securing the Obligations.