Common use of Security Interest Effective Immediately Clause in Contracts

Security Interest Effective Immediately. The parties intend the security interest created hereby to attach and take effect forthwith upon execution of this Security Agreement by each Grantor and each Grantor acknowledges that value has been given and that each Grantor has rights in the Collateral.

Security Interest Effective Immediately. The parties intend the security interest created hereby to attach and take effect forthwith upon execution of this Security Agreement by each the Grantor and each the Grantor acknowledges that value has been given and that each the Grantor has rights in the Collateral.