Composition of the Security. The Obligations of the Borrowers are secured by the Consolidated Assets of the Borrowers as evidenced by the Collateral Documents. The Consolidated Assets shall stand as one general, continuing collateral security for all Obligations and may be retained by the Lender until all Obligations have been satisfied in full.
Appears in 3 contracts
Sources: Loan Agreement (Spectran Corp), Mortgage, Assignment of Rents and Security Agreement (Spectran Corp), Open End Mortgage, Assignment of Rents and Security Agreement (Spectran Corp)