Security Interests Effective Immediately. Neither the execution of, nor any filing with respect to, this Agreement shall obligate the Lender to make any advance or loan or further advance, or bind the Lender to grant or extend any credit to the Grantor, but the Security Interests shall take effect forthwith upon the execution of this Agreement by the Grantor.
Appears in 2 contracts
Sources: Pledge and Security Agreement (Residential Capital, LLC), General Security Agreement (Vanguard Car Rental Group Inc.)
Security Interests Effective Immediately. Neither the execution of, nor any filing with respect to, this Agreement shall obligate the Lender any Secured Creditor to make any advance or loan or further advance, or bind the Lender any Secured Creditor to grant or extend any credit to the Grantor, but the Security Interests shall take effect forthwith upon the execution of this Agreement by the Grantor.
Appears in 1 contract
Sources: Pledge and Security Agreement (Entertainment Properties Trust)