Common use of Security Interest and Lien Clause in Contracts

Security Interest and Lien. All collateral which you may at any time be carrying for the undersigned or which may at any time be in your possession or control for any purpose, including safekeeping, and any proceeds and distributions therefrom, shall be subject to a general lien and a continuing first security interest for the discharge of all Obligations and liabilities of the undersigned to you in connection with Account Number 14-81836 and 14-A045D, irrespective of whether or not you have made advances in connection with such Collateral, and irrespective of the number of accounts the undersigned may have with you, or which ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Entity holds such Collateral. For purposes of this agreement, “

Appears in 2 contracts

Sources: Client Agreement, Client Agreement (Ultratech Inc)