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Collateral Agreement
Collateral Agreement contract clause examples

Collateral. As of the date of this Agreement and the Note, this Agreement and the Note are secured by any and all security interests, pledges and other liens, if any, against personal property of any Borrower now or hereafter in existence granted to Bank to secure indebtedness of Borrower to Bank, regardless of whether the indebtedness evidenced by the Note is in any way related to or of the same or different type or class as any other indebtedness or obligations secured by any such liens, but only if and to the extent that the instrument or agreement granting any such lien by its terms secures the Note and/or this Agreement or by its terms broadly secures all existing and/or future credit granted by Bank to any Borrower, to any Borrower and others, to others guaranteed, endorsed or otherwise secured by any Borrower, or to any debtor-in-possession or other successor-in- interest of any Borrower; provided, however, that liens originally granted to secure only indebtedness of a natural person or the revocable trust of a natural person incurred for personal, family or household purposes shall not secure the Note.

Collateral. As of the date of the Agreement and the Note, the Agreement and the Note are secured by any and all security interests, pledges, mortgages and other liens, if any, against personal property of any Borrower now or hereafter in existence granted to Bank to secure Indebtedness of Borrower to Bank, regardless of whether the Indebtedness evidenced by the Note is in any way related to or of the same or different type or class as any other Indebtedness or obligations secured by any such liens, but only if and to the extent that the instrument or agreement granting any such lien by its terms secures the Note and/or the Agreement or by its terms broadly secures all existing and/or future credit granted by Bank to any Borrower, to any Borrower and others, to others guaranteed, endorsed or otherwise secured by any Borrower, or to any debtor-in-possession or other successor-in- interest of any Borrower, including, without limitation, the Security Agreement covering all assets of the Borrower, the Stock Pledge Agreements, and the Control Agreements; provided, however, that liens originally granted to secure only Indebtedness of a natural person or the revocable trust of a natural person incurred for personal, family or household purposes shall not secure the Note.

As of the date of this Agreement, this Agreement is also secured by any and all security interests, pledges and other liens, if any, against personal property now or hereafter in existence granted to Bank to secure indebtedness of Guarantor to Bank, regardless of whether the Obligations are in any way related to or of the same or different type or class as any other indebtedness or obligations secured by any such liens, but only if and to the extent that the instrument or agreement granting any such lien byits terms secures this Agreement or by its terms broadly secures all existing and/or future credit granted by Bank to any Guarantor, to any Guarantor and others, to others guaranteed, endorsed or otherwise secured by any Guarantor, or to any debtor-in-possession or other successor-in-interest of any Guarantor; provided, however, that liens originally granted to secure only indebtedness of a natural person or the revocable trust of a natural person incurred for personal, family or household purposes shall not secure this Agreement.

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