AND SECURITY AGREEMENT Sample Clauses
An "And Security Agreement" is a contractual provision that establishes a security interest in specific assets to secure the performance of obligations, typically the repayment of a loan or fulfillment of another financial commitment. In practice, this clause identifies the collateral—such as equipment, inventory, or receivables—that the borrower pledges to the lender, and outlines the lender's rights to seize or control these assets if the borrower defaults. The core function of this clause is to protect the lender by providing a legal claim to certain assets, thereby reducing the lender's risk and increasing the likelihood of recovering funds in the event of non-payment.
AND SECURITY AGREEMENT. The Borrower and Lender identified on the cover page of this document have entered or anticipate entering into one or more transactions pursuant to which Lender agrees to make available to Borrower a loan facility governed by the terms and conditions set forth in this document and one or more Supplements executed by Borrower and Lender which incorporate this document by reference. Each Supplement constitutes a supplement to and forms part of this document, and will be read and construed as one with this document, so that this document and the Supplement constitute a single agreement between the parties (collectively referred to as this "Agreement"). Accordingly, the parties agree as follows:
AND SECURITY AGREEMENT. Security Agreements
AND SECURITY AGREEMENT. In consideration of the issuance from time to time, at the request of the Account Parties of one or more Credits in accordance with the terms of any Standby Letter of Credit Application(s) submitted by the Account Parties to the Issuer, the Account Parties hereby represent, warrant and agree as follows:
AND SECURITY AGREEMENT. This Third Amendment and Joinder to Revolving Credit and Security Agreement (the “Amendment”) is made this 3rd day of October, 2006, by and among AKRION, INC., a corporation organized under the laws of the State of Delaware (“Akrion”), GOLDFINGER TECHNOLOGIES, LLC, a limited liability company organized under the laws of the State of Delaware (“Goldfinger”) (Akrion and Goldfinger, each an “Existing Borrower” and collectively “Existing Borrowers”), AKRION SCP ACQUISITION CORP., a corporation formed under the laws of the State of Delaware (“Akrion SCP” or “Joining Borrower,” and together with Existing Borrowers, “Borrowers,” and each individually a “Borrower”) and the financial institutions which are now or which hereafter become a party hereto (collectively, the “Lenders” and individually a “Lender”) and PNC BANK, NATIONAL ASSOCIATION (“PNC”), as agent for Lenders (PNC, in such capacity, the “Agent”).
AND SECURITY AGREEMENT. This TRADEMARK COLLATERAL ASSIGNMENT AND SECURITY AGREEMENT (this “Agreement”) dated as of March 9, 2015 is made by and among Silver Star Brands, Inc., a Wisconsin corporation (“Silver Star”), PartyLite Gifts, Inc., a Virginia corporation (“PartyLite Gifts”), PartyLite Worldwide, LLC, a Delaware limited liability company (“PartyLite WW”), Candle Corporation of America, a New York corporation (“Candle Corp” and together with Silver Star, PartyLite Gifts and PartyLite WW, collectively, the “Assignors” and each an “Assignor”), and GFIE, LLC, a Florida limited liability company (the “Lender”).
AND SECURITY AGREEMENT. Should Borrower default under that certain Term Loan and Security Agreement dated the 3rd day of June, 1999 entered into between Borrower and Lender (the "Loan Agreement"), or should Borrower default under any other security agreement directly or indirectly securing repayment of this Note.
AND SECURITY AGREEMENT. Dated as of August 21, 1997 ----------------------- ALLIED CAPITAL COMMERCIAL CORPORATION, as a Borrower and BUSINESS MORTGAGE INVESTORS, INC. as a Borrower Collectively, the Borrowers and MORG▇▇ ▇▇▇N▇▇▇ ▇▇▇TGAGE CAPITAL INC. as Lender =============================================================================== 2 TABLE OF CONTENTS
AND SECURITY AGREEMENT. DATED AS OF MAY 15, 1998 ------------------------------ CHAS▇▇▇▇ ▇▇▇ITAL CORPORATION AS BORROWER AND MORG▇▇ ▇▇▇N▇▇▇ ▇▇▇TGAGE CAPITAL INC. AS LENDER ================================================================================ TABLE OF CONTENTS Recitals...........................................................................1 Section 1. Definitions and Accounting Matters.....................................1
AND SECURITY AGREEMENT. For good and valuable consideration, the receipt and sufficiency of which Mortgagor hereby acknowledges, and to secure: (a) the repayment to Mortgagee of all amounts now or hereafter owing Mortgagee under or evidenced by the Note, (b) the repayment to Mortgagee of all amounts now or hereafter owing Mortgagor under the Reimbursement Agreement, (c) reimbursement of any and all advances made by Mortgagee to protect or preserve the Mortgaged Property (as hereinafter defined) or the lien hereof on the Mortgaged Property, or for taxes, assessments, insurance premiums or other costs as hereinafter provided, and (d) performance of each agreement contained herein, Mortgagor hereby mortgages to Mortgagee (and, in the case of personal property, assigns to Mortgagee and grants to Mortgagee a security interest in) the property described in clauses A through F below, in each case whether presently or hereafter existing and whether now owned or hereafter acquired by Mortgagor (all such property being collectively the "Mortgaged Property"):
AND SECURITY AGREEMENT. For value received, I promise to pay to you, or your order, at your address listed above the PRINCIPAL sum of FOUR MILLION AND NO/100 DOLLARS $4,000,000.00 [ ] Single Advance: I will receive all of this principal sum on ____________________. No additional advances are contemplated under this Note. [ ] Multiple Advance: The principle sum shown above is the maximum amount of principal I can borrow under this Note. [ ] On 02-27-2006 I will receive the amount of $2,000,000.00 and future principal advances are contemplated. [ ] Conditions: The conditions for future advances are UPON REQUEST BY CUSTOMER [ ] Open End Credit: You and I agree that I may borrow up to the maximum principal sum more than one time. This feature is subject to all other conditions and expires on 02-27-2007.