Common use of Supporting Obligations Clause in Contracts

Supporting Obligations. With respect to each right to payment or performance included in the Collateral from time to time, the Transaction Lien granted therein includes a continuing security interest in (a) any Supporting Obligation that supports such payment or performance and (b) any Lien that (i) secures such right to payment or performance or (ii) secures any such Supporting Obligation.

Appears in 3 contracts

Sources: Security Agreement, Security Agreement (Dova Pharmaceuticals, Inc.), Security Agreement (Dova Pharmaceuticals, Inc.)