Common use of SECURITY PURPOSE Clause in Contracts

SECURITY PURPOSE. The Security Assets shall serve as collateral to secure the prompt and complete satisfaction of any and all Secured Claims.

Appears in 2 contracts

Sources: Supplemental Agreement (Kabel Deutschland Vertrieb Und Service GmbH & Co. KG), Security Transfer Agreement (Kabel Deutschland GmbH)

SECURITY PURPOSE. The Security Assets shall serve as collateral to secure for the prompt and complete satisfaction of any and all Secured Claims.

Appears in 1 contract

Sources: Security Transfer Agreement (Solutia Inc)