Other than the exercise of reasonable care to assure the safe custody of any Collateral in Secured Party's possession from time to time, Secured Party does not have any obligation, duty or responsibility with respect to the Collateral. The term “ Obligations” means (i) all indebtedness, obligations and liabilities of Debtor to Secured Party of any kind or character, now existing or hereafter arising, whether direct, indirect, related, unrelated, fixed, contingent, liquidated, unliquidated, joint, several or joint and several, and regardless of whether such indebtedness, obligations and liabilities may, prior to their acquisition by Secured Party, be or have been payable to or in favor of a third party and subsequently acquired by Secured Party (it being contemplated that Secured Party may make such acquisitions from third parties), including without limitation all indebtedness, obligations and liabilities of Debtor to Secured Party now existing or hereafter arising by note, draft, acceptance, guaranty, endorsement, letter of credit, assignment, purchase, overdraft, discount, indemnity agreement or otherwise, including, without limitation, the Note, (ii) all accrued but unpaid interest on any of the indebtedness described in (i) above, (iii) all obligations of Debtor to Secured Party under any documents evidencing, securing, governing and/or pertaining to all or any part of the indebtedness described in (i) and (ii) above, (iv) all costs and expenses incurred by Secured Party in connection with the collection and administration of all or any part of the indebtedness and obligations described in (i), (ii) and (iii) above or the protection or preservation of, or realization upon, the collateral securing all or any part of such indebtedness and obligations, including without limitation all reasonable attorneys' fees, and (v) all renewals, extensions, modifications and rearrangements of the indebtedness and obligations described in (i), (ii), (iii) and (iv) above. List of Certain Collateral Loan Documents.Section 8.10 Binding Effect and Assignment.Section 7.03 Secured Party Appointed Attorney-in-Fact.Section 7.01 Dealing with the Collateral.ARTICLE VI EVENTS OF DEFAULT AND REMEDIES.(i) Covenant of Debtor Upon Foreclosure of Collateral Property.(n) Delivery of Documents Evidencing Note Receivables.(l) Modification of Terms of Collateral Loan Documents.ARTICLE V COVENANTS AND AGREEMENTS OF DEBTOR.(e) Valid and Enforceable Security Interest.(o) Continuous Nature of Representations and Warranties.Section 4.01 Warranties and Representations.ARTICLE IV REPRESENTATIONS AND WARRANTIES OF DEBTOR. Section 2.05 Payments on Collateral Note.Section 2.01 Grant of Security Interest.ARTICLE II GRANT OF SECURITY INTEREST DESCRIPTION OF COLLATERAL.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |