Common use of Term; Binding Effect Clause in Contracts

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment in full of the Obligation, this Agreement shall automatically terminate and Secured Party shall cause UCC termination statements to be filed with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor and its legal representatives, successors and assigns and shall inure to the benefit of Secured Party and its legal representatives, successors and assigns.

Appears in 2 contracts

Sources: Security Agreement (Cyberdefender Corp), Security Agreement (Cyberdefender Corp)

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment or conversion in full of the Obligation, this Agreement shall automatically terminate and Debtor shall be permitted to file or cause Secured Party shall cause to file one or more UCC termination statements to be filed with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor and its legal representatives, successors and assigns and shall inure insure to the benefit of Secured Party and its legal representatives, successors and assigns.

Appears in 2 contracts

Sources: Security Agreement (Endonovo Therapeutics, Inc.), Security Agreement (Endonovo Therapeutics, Inc.)

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment or conversion in full of the Obligation, this Agreement shall automatically terminate terminate, and Debtor shall be permitted to file or cause the Secured Party shall cause to file one (1) or more UCC termination statements to be filed with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor and its respective legal representatives, successors and assigns and shall inure to the benefit of the Secured Party and its legal representatives, successors and assigns.

Appears in 2 contracts

Sources: Security Agreement (IIOT-OXYS, Inc.), Security Agreement (IIOT-OXYS, Inc.)

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment or conversion in full of the Obligation, this Agreement shall automatically terminate and Debtor shall be permitted to file or cause Secured Party shall cause to file one or more UCC termination statements to be filed with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor and its legal representatives, successors and assigns and shall inure to the benefit of Secured Party and its legal representatives, successors and assigns.

Appears in 2 contracts

Sources: Security Agreement (Signal Bay, Inc.), Security Agreement (Signal Bay, Inc.)

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment or conversion in full of the Obligation, this Agreement shall automatically terminate and the Company shall be permitted to file or cause Secured Party shall cause to file one or more UCC termination statements to be filed with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor the Company and its legal representatives, successors and assigns and shall inure to the benefit of Secured Party and its legal representatives, successors and assigns.

Appears in 1 contract

Sources: Security Agreement (Signal Bay, Inc.)

Term; Binding Effect. This Agreement shall be and remain in full force and effect until the Obligation has been fully performed and paid. Upon expiration and payment or conversion in full of the Obligation, this Agreement shall automatically terminate and Debtor shall be permitted to file or cause the Secured Party shall cause Parties to file one (1) or more UCC termination statements to be filed with respect to the Collateral. Each of the provisions hereof shall be binding upon Debtor and its respective legal representatives, successors and assigns and shall inure to the benefit of the Secured Party Parties and its legal representatives, successors and assigns.

Appears in 1 contract

Sources: Security Agreement (Desert Hawk Gold Corp.)