Continuing Lien. It is the intent of the parties hereto that (a) this Pledge Agreement shall constitute a continuing agreement as to any and all future, as well as existing transactions, between any Grantor and the Collateral Agent under or in connection with the Notes or otherwise relating to any other Obligation, and (b) the security interest provided for herein shall attach to after-acquired as well as existing Collateral.
Appears in 2 contracts
Sources: Pledge and Security Agreement (Perseus Partners Vii L P), Pledge and Security Agreement (Photomedex Inc)
Continuing Lien. It is the intent of the parties hereto that (a) this Pledge Agreement shall constitute a continuing agreement as to any and all future, as well as existing transactions, between any the Grantor and the Collateral Agent under or in connection with the Notes or otherwise relating to any other Obligation, and (b) the security interest provided for herein shall attach to after-acquired as well as existing Collateral.
Appears in 1 contract
Continuing Lien. It is the intent of the parties hereto that (a) this Pledge Agreement shall constitute a continuing agreement as to any and all future, as well as existing transactions, between any Grantor or among Borrower, the Guarantors and the Collateral Agent under or in connection with the Notes or otherwise relating to any other ObligationLoan Documents, and (b) the security interest interests provided for herein shall attach to after-acquired as well as existing CollateralCollateral of Borrower or a Guarantor.
Appears in 1 contract
Sources: Credit and Security Agreement (Five Star Quality Care Inc)