Security Interest Clause Example with 4 Variations from Business Contracts

This page contains Security Interest clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Security Interest. To secure the prompt payment and performance to Lender of all of the Obligations, Borrower hereby grants to Lender a continuing security interest in the Collateral. Borrower is not authorized to sell, assign, transfer or otherwise convey any Collateral without Lender's prior written consent, except for the sale of finished inventory in Borrower's usual course of business. Borrower agrees to sign any instruments and documents requested by Lender to evidence, perfect, or protect the interests of L...ender in the Collateral. Borrower agrees to deliver to Lender the originals of all instruments, chattel paper and documents evidencing or related to Receivables and Collateral. Borrower shall not grant or permit any lien or security in the Collateral or any interest therein other than Permitted Liens. View More
Found in BIOLASE, INC contract

Variations of a "Security Interest" Clause from Business Contracts

Security Interest. To secure the prompt payment and performance to Lender of all of the Obligations, each Borrower hereby grants to Lender a continuing security interest in the Collateral. No Borrower is not authorized to sell, assign, transfer or otherwise convey any Collateral without Lender's prior written consent, except for the sale of finished inventory in Borrower's Borrowers' usual course of business. business and Permitted Transfers. Each Borrower agrees to sign any instruments and documents requested by ...Lender to evidence, perfect, or protect the interests of Lender in the Collateral. Each Borrower agrees to deliver to Lender Lender, promptly upon Lender's request, the originals of all instruments, chattel paper and documents evidencing or related to Receivables and Collateral. No Borrower shall not grant or permit any lien or security in the Collateral or any interest therein other than Permitted Liens. View More
Found in ChromaDex Corp. contract
Security Interest. To secure the prompt payment and performance to Lender of all of the Obligations, Borrower hereby grants to Lender a continuing security interest in the Collateral. Borrower is not authorized to sell, assign, transfer or otherwise convey (each, a "Transfer") any Collateral without Lender's prior written consent, except for the sale of finished inventory in Borrower's usual course of business. Permitted Transfers. Borrower agrees to sign any instruments and documents requested by Lender to eviden...ce, perfect, or protect the interests of Lender in the Collateral. Borrower agrees to deliver to Lender the originals of all instruments, instruments and chattel paper and copies of all documents evidencing or related to Financed Receivables and Collateral. Borrower shall not grant or permit any lien or security in the Collateral or any interest therein other than Permitted Liens. View More
Found in Rimini Street, Inc. contract
Security Interest. To secure the prompt payment and performance to Lender of all of the Obligations, each Borrower hereby grants to Lender a continuing security interest in the Collateral. Borrower is Borrowers are not authorized to sell, assign, transfer or otherwise convey any Collateral without Lender's prior written consent, except for the sale of finished inventory in Borrower's Borrowers' usual course of business. Each Borrower agrees to sign any instruments and documents requested by Lender to evidence, 6 p...erfect, or protect the interests of Lender in the Collateral. Each Borrower agrees to deliver to Lender the originals of all instruments, chattel paper and documents evidencing or related to Receivables and Collateral. Borrower Collateral upon request of Lender. Borrowers shall not grant or permit any lien or security in the Collateral or any interest therein other than Permitted Liens. View More
Found in ORION ENERGY SYSTEMS, INC. contract
Security Interest. To secure the prompt payment and performance to Lender of all of the Obligations, Borrower hereby grants to Lender a continuing security interest in the Collateral. Borrower is not authorized to sell, sell assign, transfer or otherwise convey any Collateral without Lender's prior written consent, except for the sale of finished inventory in Borrower's usual course of business. business, worn-out or obsolete equipment, non-exclusive licenses and similar arrangement for the use of the property of ...Borrower in the ordinary course of business, and Permitted Liens. Borrower agrees to sign any instruments and documents reasonably requested by Lender to evidence, perfect, or protect the interests of Lender in the Collateral. Borrower agrees to deliver to Lender the originals of all instruments, chattel paper and documents evidencing or related to Receivables and Collateral. Borrower shall not grant or permit any lien or security in the Collateral or any interest therein other than Permitted Liens. View More
Found in Arteris, Inc. contract