Priority of Security Interest. This security interest shall neither affect nor be affected by any other security for any of the obligation. Neither extensions of any of the obligation nor releases of any of the collateral will affect the priority or validity of this security interest with reference to any third person.
Appears in 6 contracts
Sources: Loan Agreement (Penn Octane Corp), Loan Agreement (Penn Octane Corp), Stock Purchase and Separation Agreement (Penn Octane Corp)
Priority of Security Interest. This security interest shall neither affect nor be affected by any other security for any of the obligationObligations. Neither extensions of any of the obligation Obligations nor releases of any of the collateral Collateral will affect the priority or validity of this security interest with reference to Debtor, Borrower, Guarantor or any third person.
Appears in 2 contracts
Sources: Commercial Security Agreement (Friedman Industries Inc), Commercial Security Agreement (Friedman Industries Inc)
Priority of Security Interest. This security interest shall neither affect nor be affected by any other security for any of the obligation. Neither extensions of any of the obligation nor releases of any of the collateral Collateral will affect the priority or validity of this security interest with reference to any third person.
Appears in 2 contracts
Sources: Security Agreement Pledge (Eif Holdings Inc), Security Agreement (Behringer Harvard Reit I Inc)
Priority of Security Interest. This security interest shall neither affect nor be affected by any other security for any of the obligationobligations. Neither extensions of any of the obligation nor releases of any of the collateral will affect the priority or validity of this security interest with reference to any third person.
Appears in 1 contract