Common use of Nature of Collateral Clause in Contracts

Nature of Collateral. Borrowers confirm and agree that all security interests and liens granted hereunder shall continue unimpaired and in full force and effect until all Obligations are satisfied in full.

Appears in 1 contract

Sources: Revolving Credit Loan and Security Agreement (Staff Builders Inc /De/)

Nature of Collateral. Borrowers confirm and agree that all security interests and liens granted to Lender hereunder shall continue be deemed continuing unimpaired and in full force and effect until all Obligations hereunder and under the Existing Loan Documents are satisfied in full.

Appears in 1 contract

Sources: Revolving Credit Loan and Security Agreement (Staff Builders Inc /De/)

Nature of Collateral. Borrowers confirm and agree that all security interests and liens granted to Lender hereunder shall continue be deemed continuing unimpaired and in full force and effect until all Obligations hereunder are satisfied in full.

Appears in 1 contract

Sources: Loan and Security Agreement (Tender Loving Care Health Care Services Inc/ Ny)