Common use of Security Interest and Collateral Clause in Contracts

Security Interest and Collateral. In order to secure the payment and performance of all obligations of Client to Factor, whether presently existing or hereafter arising, Client hereby grants to Factor a security interest in and lien upon all of Client’s right, title and interest in all of Client’s assets, which include, without limitation, (i) all of Client’s accounts receivable, returned goods and related Rights, instruments, inventory, inventory proceeds, documents, contract rights, chattel paper, general intangibles and the proceeds and insurance proceeds thereof, now or hereafter owned by Client, or in which Client now or hereafter may have any rights, wherever located, (ii) the Reserve Account and all payments (if any) due or to become due to Client from the Reserve Account, and all other sums due from factors, (iii) all of Client’s other properties and assets, which include, without limitation, equipment, machinery, products, furniture, fixtures, tools, raw materials, work in process and supplies, and the proceeds thereof, now or hereafter owned by Client, or in which Client now or hereafter may have any rights, wherever located, and (iv) the proceeds of any insurance policies covering any of the foregoing (collectively, the “Collateral”). Client agrees to comply with all appropriate laws in order to perfect Factor’s security interest in and to the Collateral and to execute and deliver to Factor and/or file UCC-1 Financing Statements and any other financing statement(s) or documents that Factor may require; Client in addition authorizes Factor to execute in Client’s name and file any and all UCC-1 Financing Statements and any other financing statement(s) or documents that Factor requires or deems necessary.

Security Interest and Collateral. In order to secure the payment and performance of all obligations of Client to Factor, whether presently existing or hereafter arising, Client hereby grants to Factor a security interest in and lien upon all of Client’s 's right, . title and interest in all of Client’s 's assets, which include, without limitation, (i) all of Client’s 's accounts receivablerecivable, returned goods and related Rights, instruments, inventory, inventory proceeds, documents, contract rights, chattel paper, general intangibles and the proceeds and insurance proceeds thereof, now or hereafter owned by Client, or in which Client now how or hereafter may have any rights, wherever located, (ii) the Reserve Account and all payments (if any) due or to become due to Client from the Reserve Account, and all other sums due from factors, (iii) all of Client’s 's other properties and assets, . which include, . without limitation, equipment, machinery, products, furniture, fixtures, toolsroots, raw materials, work in process and supplies, and the proceeds thereof, now or hereafter owned by Client, or in which Client now or hereafter may have any rights, wherever located, and (iv) the proceeds of any insurance policies covering any of the foregoing (collectively, the “"Collateral”"). Client agrees to comply with all appropriate laws in order to perfect Factor’s Facto's security interest in and to the Collateral and to execute and deliver to Factor and/or file UCC-1 UCC-I Financing Statements and any other financing statement(s) or documents docuntems that Factor may require; Client in addition authorizes Factor to execute in Client’s name and file any and all UCC-1 Financing Statements and any other financing statement(s) or documents that Factor requires or deems necessary.. Scott D.

Security Interest and Collateral. In order to secure the payment and performance of all obligations of Client to Factor, whether presently existing or hereafter arising, Client hereby grants to Factor a security interest in and lien upon all of Client’s 's right, title and interest in all of Client’s assets, which include, without limitation, (i) all of Client’s 's accounts receivable, returned goods and related Rights, instruments, inventory, inventory proceeds, documents, contract rights, chattel paper, general intangibles and the proceeds and insurance proceeds thereof, now or hereafter owned by Client, or in which Client now or hereafter may have any rights, wherever located, (ii) the Reserve Account and all payments (if any) due or to become due to Client from the Reserve Account, and all other sums due from factors, (iii) all of Client’s 's other properties and assets, which include, without limitation, equipment, machinery, products, furniture, fixtures, tools, raw materials, work in process and supplies, and the proceeds thereof, now or hereafter owned by Client, or in which Client now or hereafter may have any rights, wherever located, and (iv) the proceeds of any insurance policies covering any of the foregoing (collectively, the “"Collateral”"). Client agrees to comply with all appropriate laws in order to perfect Factor’s 's security interest in and to the Collateral and to execute and deliver to Factor and/or file UCC-1 Financing Statements and any other financing statement(s) or documents that Factor may require; Client in addition authorizes Factor to execute in Client’s name and file any and all UCC-1 Financing Statements and any other financing statement(s) or documents that Factor requires or deems necessary. EGPI Firecreek, Inc. will sign a guaranty, which guaranty is acceptable to Factor and further secures Client's obligations hereunder.

Security Interest and Collateral. In order to secure the payment and performance of all obligations of Client to Factor, whether presently existing or hereafter arising, Client hereby grants to Factor a security interest in and lien upon all of Client’s 's right, title and interest in all of Client’s 's assets, which include, without limitation, (i) all of Client’s 's accounts receivable, returned goods and related Rights, instruments, inventory, inventory proceeds, documents, contract rights, chattel paper, general intangibles and the proceeds and insurance proceeds thereof, now or hereafter owned by Client, or in which Client now or hereafter may have any rights, wherever located, (ii) the Reserve Account and all payments (if any) due or to become due to Client from the Reserve Account, and all other sums due from factors, (iii) all of Client’s 's other properties and assets, which include, without limitation, equipment, machinery, products, furniture, fixtures, tools, raw materials, work in process and supplies, and the proceeds thereof, now or hereafter owned by Client, or in which Client now or hereafter may have any rights, wherever located, and (iv) the proceeds of any insurance policies covering any of the foregoing (collectively, the “"Collateral”"). Client agrees to comply with all appropriate laws in order to perfect Factor’s 's security interest in and to the Collateral and to execute and deliver to Factor and/or file UCC-1 Financing Statements and any other financing statement(s) or documents that Factor may require; Client in addition authorizes Factor to execute in Client’s name and file any and all UCC-1 Financing Statements and any other financing statement(s) or documents that Factor requires or deems necessary.