Increase in Obligations. It is the intent of the parties to secure payment of the Obligations, as the amount of such Obligations may increase from time to time in accordance with the terms and provisions of the Guaranty, or the Purchase Agreement, and all of the Obligations, as so increased from time to time, shall be and are secured hereby. Upon the execution hereof, the Company shall pay any and all documentary stamp taxes and/or other charges required to be paid in connection with the execution and enforcement of the Guaranty, the Purchase Agreement and this Agreement, and if, as and to the extent the Obligations are increased from time to time in accordance with the terms and provisions of the Debenture, then the Company shall immediately pay any additional documentary stamp taxes or other charges in connection therewith.
Appears in 3 contracts
Samples: Secu Rity Agre Ement (Millennium Healthcare Inc.), Security Agreement (Cyclone Power Technologies Inc), Security Agreement (Aqualiv Technologies, Inc.)
Increase in Obligations. It is the intent of the parties to secure payment of the Obligations, as the amount of such Obligations may increase from time to time in accordance with the terms and provisions of the Guaranty, or the Purchase Agreement, and all of the Obligations, as so increased from time to time, shall be and are secured hereby. Upon the execution hereof, the Company shall pay any and all documentary stamp taxes and/or other charges required to be paid in connection with the execution and enforcement of the Guaranty, the Purchase Agreement and this Agreement, and if, as and to the extent the Obligations are increased from time to time in accordance with the terms and provisions of the Debenture, then the Company shall immediately pay any additional documentary stamp taxes or other charges in connection therewith.. [Signatures on the following page]
Appears in 2 contracts
Samples: Security Agreement (POSITIVEID Corp), Security Agreement (Aqualiv Technologies, Inc.)
Increase in Obligations. It is the intent of the parties to secure payment of the Obligations, as the amount of such Obligations may increase from time to time in accordance with the terms and provisions of the Guaranty, or the Purchase Agreementany other Transaction Documents, and all of the Obligations, as so increased from time to time, shall be and are secured hereby. Upon the execution hereof, the Company shall pay any and all documentary stamp taxes and/or other charges required to be paid in connection with the execution and enforcement of the Guaranty, the Purchase Agreement and this Agreement, and any other Transaction Documents, and if, as and to the extent the Obligations are increased from time to time in accordance with the terms and provisions of the DebentureTransaction Documents, then the Company shall immediately pay any additional documentary stamp taxes or other charges in connection therewith.. [Signatures on the following page]
Appears in 1 contract
