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Security
Security contract clause examples

Security. The obligations of Borrower to Lender pursuant to this Agreement and the Note executed pursuant thereto, are secured wholly or partially by the grant of a security interest described in the Deed of Trust.

Security. This Note is unsecured.

Security. This Note is secured by: # those certain Security Agreements dated December 9, 2022 by and between Orbital and Lender, Lender and Orbital Power, Inc. a Texas corporation (“OPI”), Lender and Gibson, Lender and IMMCO, Inc., a Georgia corporation (“IMMCO”), Lender and Coax Fiber Solutions, Inc., a Georgia corporation (“Coax”), Lender and Full Moon Telecom, LLC, a Florida limited liability company (“Full Moon”), and Lender and Orbital Solar Services, LLC, a North Carolina limited liability company (“OSS”), each as the same may be amended from time to time (the “Security Agreements”), whereby Borrower and its aforementioned affiliates granted a security interest in all of their assets in favor of Lender to secure the performance of certain obligations owed to Lender, as more specifically set forth in the Security Agreements, all the terms and conditions of which are hereby incorporated into and made a part of this Note; # those certain Equity Interest Pledge Agreements dated December 9, 2022 by and between Borrower and Lender, and Lender and Gibson, as each may be amended from time to time (the “Pledge Agreements”), whereby Borrower and Gibson pledged all of their right, title and interest in and to their stock and limited liability company interests in various Subsidiaries (as defined in the Pledge Agreements) to secure the performance of certain obligations owed to Lender, as more specifically set forth in the Pledge Agreements, all the terms and conditions of which are hereby incorporated into and made a part of this Note; and # those certain Guaranties dated December 9, 2022 by and between Lender and OPI, Lender and Gibson, Lender and IMMCO, Lender and Coax, Lender and Full Moon, Lender and OPI, and Lender and OSS, each as the same by amended from time to time, the (“Guaranties”),whereby the aforementioned affiliates agreed to guarantee the performance of certain obligations owed to by Borrower to Lender, as more specifically set forth in the Guaranties, all the terms and conditions of which are hereby incorporated into and made a part of this Note.

Security. This Note is unsecured.

SECURITY. Notwithstanding anything herein to the contrary, except for Section 28, to the extent requested by Indemnitee and approved by the Board, the Company may at any time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee.

Security. This Note is secured by the Security Agreement (as defined in the Purchase Agreement), executed by the Company in favor of the Holders encumbering the collateral set forth therein, as more specifically set forth in the Security Agreement, all the terms and conditions of which are hereby incorporated into and made a part of this Note.

SECURITY. Notwithstanding anything herein to the contrary, except for Section 27, to the extent requested by Indemnitee and approved by the Board, the Company may at any time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee.

Security. Tenant acknowledges and agrees that security devices and services, if any, while intended to deter crime may not in given instances prevent theft or other criminal acts and that Landlord is not providing any security services with respect to the Premises. Tenant agrees that Landlord shall not be liable to Tenant for, and Tenant waives any claim against Landlord with respect to, any loss by theft or any other damage suffered or incurred by Tenant in connection with any unauthorized entry into the Premises or any other breach of security with respect to the Premises. Tenant shall be solely responsible for the personal safety of Tenant’s officers, employees, agents, contractors, guests and invitees while any such person is in, on or about the Premises and/or the Project. Tenant shall at Tenant’s cost obtain insurance coverage to the extent Tenant desires protection against such criminal acts. Tenant shall be responsible for providing its own security for the Premises, at Tenant’s cost (which cost shall not be included as part of Operating Expenses). Landlord may, as reasonably determined by Landlord, provide certain security services with respect to the Project, the cost of which shall be included as part of Operating Expenses. Tenant may, at Tenant’s election, provide additional security services for the Project, at Tenant’s cost (which cost shall not be included as part of Operating Expenses).

Security. Tenant acknowledges and agrees that security devices and services, if any, while intended to deter crime may not in given instances prevent theft or other criminal acts and that Landlord is not providing any security services with respect to the Premises. Tenant agrees that Landlord shall not be liable to Tenant for, and Tenant waives any claim against Landlord with respect to, any loss by theft or any other damage suffered or incurred by Tenant in connection with any unauthorized entry into the Premises or any other breach of security with respect to the Premises, EVEN IF SUCH CLAIM IS CAUSED SOLELY OR IN PART BY THE NEGLIGENCE OF ANY LANDLORD INDEMNIFIED PARTY. Tenant shall be solely responsible for the personal safety of Tenant’s officers, employees, agents, contractors, guests and invitees while any such person is in, on or about the Premises and/or the Project. Tenant shall at Tenant’s cost obtain insurance coverage to the extent Tenant desires protection against such criminal acts.

Security. To the extent requested by Indemnitee and approved by the Board, the Company may at any time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee.

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