The Securities Clause Example with 7 Variations from Business Contracts
This page contains The Securities 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.
The Securities. The Pledgor hereby assigns and grants to Lender a security interest in the following described property now owned or hereafter acquired by the Pledgor ("Collateral"): (a) All accounts, contract rights, chattel paper, instruments, deposit accounts, letter of credit rights, payment intangibles and general intangibles, including all amounts due to the Pledgor from a factor; and all returned or repossessed goods which, on sale or lease, resulted in an account or chattel paper. (b) All inventory, inc...luding all materials, work in process and finished goods. (c) All machinery, furniture, fixtures and other equipment of every type now owned or hereafter acquired by the Pledgor, (including, but not limited to, the equipment described in the attached Exhibit A, if any). (d) The Collateral shall include all equipment, parts, and accessories which may from time to time be incorporated or installed in or attached to the foregoing. (e) All of the Pledgor's deposit accounts with the Lender. The Collateral shall include any renewals or rollovers of the deposit accounts, any successor accounts, and any general intangibles and choses in action arising therefrom or related thereto. (f) All instruments, notes, chattel paper, documents, certificates of deposit, securities and investment property of every type. The Collateral shall include all liens, security agreements, leases and other contracts securing or otherwise relating to the foregoing. (g) All negotiable and nonnegotiable documents of title covering any Collateral. (h) All accessions, attachments and other additions to the Collateral, and all tools, parts and equipment used in connection with the Collateral. (i) All substitutes or replacements for any Collateral, all cash or non-cash proceeds, product, rents and profits of any Collateral, all income, benefits and property receivable on account of the Collateral, all rights under warranties and insurance contracts, letters of credit, guaranties or other supporting obligations covering the Collateral, and any causes of action relating to the Collateral, and all proceeds (including insurance proceeds) from the sale, destruction, loss, or other disposition of any of the Collateral and sums due from a third party which has damaged or destroyed the Collateral or from that party's insurer, whether due to judgment, settlement or other process. Security Agreement – Page 1 (j) All books, data and records pertaining to any Collateral, whether in the form of a writing, photograph, microfilm or electronic media, including but not limited to any computer-readable memory and any computer hardware or software necessary to process such memory ("Books and Records").View More
Variations of a "The Securities" Clause from Business Contracts
The Securities. The Pledgor Each of the undersigned, Twinlab Consolidated Holdings, Inc., a Nevada corporation ("Parent"), Twinlab Consolidation Corporation, a Delaware corporation ("TCC"), Twinlab Holdings, Inc., a Michigan corporation ("Twinlab Holdings"), ISI Brands Inc., a Michigan corporation ("ISI Brands"), and Twinlab Corporation, a Delaware corporation ("Twinlab Corporation") TCC CM SUBCO I, INC., a Delaware corporation ("Subco I"), and TCC CM SUBCO II, INC., a Delaware corporation ("Subco II"; together... with Parent, TCC, Twinlab Holdings, ISI Brands, Twinlab Corporation and Subco I, the "Companies"; and each individually, a "Company") hereby assigns and grants to Lender JL-BBNC MEZZ UTAH, LLC, an Alaska limited liability company (the "Purchaser") a security interest in the following described property now owned or hereafter acquired by the Pledgor such Company ("Collateral"): (a) All accounts, contract rights, chattel paper, instruments, deposit accounts, letter of credit rights, payment intangibles and general intangibles, including all amounts due to the Pledgor such Company from a factor; and all returned or repossessed goods which, on sale or lease, resulted in an account or chattel paper. (b) All inventory, including all materials, work in process and finished goods. (c) All machinery, furniture, fixtures and other equipment of every type now owned or hereafter acquired by the Pledgor, (including, but not limited to, the equipment described in the attached Exhibit A, if any). such Company. (d) The Collateral shall include all equipment, parts, and accessories which may from time to time be incorporated or installed in or attached to the foregoing. (e) All of the Pledgor's deposit accounts with the Lender. The Collateral shall include any renewals or rollovers of the deposit accounts, any successor accounts, and any general intangibles and choses in action arising therefrom or related thereto. (f) All instruments, notes, chattel paper, documents, certificates of deposit, securities and investment property of every type. The Collateral shall include all liens, security agreements, leases and other contracts securing or otherwise relating to the foregoing. (g) (e) All general intangibles, including, but not limited to, (i) all patents, and all unpatented or unpatentable inventions; (ii) all trademarks, service marks, and trade names; (iii) all copyrights and literary rights; (iv) all computer software programs; (v) all mask works of semiconductor chip products; (vi) all trade secrets, proprietary information, customer lists, manufacturing, engineering and production plans, drawings, specifications, processes and systems. The Collateral shall include all good will connected with or symbolized by any of such general intangibles; all contract rights, documents, applications, licenses, materials and other matters related to such general intangibles; all tangible property embodying or incorporating any such general intangibles; and all chattel paper and instruments relating to such general intangibles. 1 (f) All negotiable and nonnegotiable documents of title covering any Collateral. (h) (g) All accessions, attachments and other additions to the Collateral, and all tools, parts and equipment used in connection with the Collateral. (i) (h) All substitutes or replacements for any Collateral, all cash or non-cash proceeds, product, rents and profits of any Collateral, all income, benefits and property receivable on account of the Collateral, all rights under warranties and insurance contracts, letters of credit, guaranties or other supporting obligations covering the Collateral, and any causes of action relating to the Collateral, and all proceeds (including insurance proceeds) from the sale, destruction, loss, or other disposition of any of the Collateral and sums due from a third party which has damaged or destroyed the Collateral or from that party's insurer, whether due to judgment, settlement or other process. Security Agreement – Page 1 (j) (i) All books, data and records pertaining to any Collateral, whether in the form of a writing, photograph, microfilm or electronic media, including but not limited to any computer-readable memory and any computer hardware or software necessary to process such memory ("Books and Records"). Notwithstanding anything to the contrary in this Agreement or any other Transaction Document (as defined in the Note Purchase Agreement), the Purchaser's security interest in and lien on the Collateral shall be subordinated to the lien of the Senior Lender (as defined in the Note Purchase Agreement) and subject to the terms of the Subordination Agreement (as defined in the Note Purchase Agreement). View More
The Securities. The Pledgor Each of the undersigned, Twinlab Consolidated Holdings, Inc., a Nevada corporation ("Parent"), Twinlab Consolidation Corporation, a Delaware corporation ("TCC"), Twinlab Holdings, Inc., a Michigan corporation ("Twinlab Holdings"), ISI Brands Inc., a Michigan corporation ("ISI Brands"), and Twinlab Corporation, a Delaware corporation ("Twinlab Corporation"; together with Parent, TCC, Twinlab Holdings and ISI Brands, the "Companies"; and each individually, a "Company") hereby assigns a...nd grants to Lender PENTA MEZZANINE SBIC FUND I, L.P., a Delaware limited partnership, its subsidiaries and affiliates (collectively, the "Purchaser") a security interest in the following described property now owned or hereafter acquired by the Pledgor such Company ("Collateral"): (a) All accounts, contract rights, chattel paper, instruments, deposit accounts, letter of credit rights, payment intangibles and general intangibles, including all amounts due to the Pledgor such Company from a factor; and all returned or repossessed goods which, on sale or lease, resulted in an account or chattel paper. (b) All inventory, including all materials, work in process and finished goods. (c) All machinery, furniture, fixtures and other equipment of every type now owned or hereafter acquired by the Pledgor, (including, but not limited to, the equipment described in the attached Exhibit A, if any). such Company. (d) The Collateral shall include all equipment, parts, and accessories which may from time to time be incorporated or installed in or attached to the foregoing. (e) All of the Pledgor's deposit accounts with the Lender. The Collateral shall include any renewals or rollovers of the deposit accounts, any successor accounts, and any general intangibles and choses in action arising therefrom or related thereto. (f) All instruments, notes, chattel paper, documents, certificates of deposit, securities and investment property of every type. The Collateral shall include all liens, security agreements, leases and other contracts securing or otherwise relating to the foregoing. (g) (e) All general intangibles, including, but not limited to, (i) all patents, and all unpatented or unpatentable inventions; (ii) all trademarks, service marks, and trade names; (iii) all copyrights and literary rights; (iv) all computer software programs; (v) all mask works of semiconductor chip products; (vi) all trade secrets, proprietary information, customer lists, manufacturing, engineering and production plans, drawings, specifications, processes and systems. The Collateral shall include all good will connected with or symbolized by any of such general intangibles; all contract rights, documents, applications, licenses, materials and other matters related to such general intangibles; all tangible property embodying or incorporating any such general intangibles; and all chattel paper and instruments relating to such general intangibles. (f) All negotiable and nonnegotiable documents of title covering any Collateral. (h) (g) All accessions, attachments and other additions to the Collateral, and all tools, parts and equipment used in connection with the Collateral. (i) (h) All substitutes or replacements for any Collateral, all cash or non-cash proceeds, product, rents and profits of any Collateral, all income, benefits and property receivable on account of the Collateral, all rights under warranties and insurance contracts, letters of credit, guaranties or other supporting obligations covering the Collateral, and any causes of action relating to the Collateral, and all proceeds (including insurance proceeds) from the sale, destruction, loss, or other disposition of any of the Collateral and sums due from a third party which has damaged or destroyed the Collateral or from that party's insurer, whether due to judgment, settlement or other process. Security Agreement – Page 1 (j) -1- (i) All books, data and records pertaining to any Collateral, whether in the form of a writing, photograph, microfilm or electronic media, including but not limited to any computer-readable memory and any computer hardware or software necessary to process such memory ("Books and Records"). Notwithstanding anything to the contrary in this Agreement or any other Transaction Document (as defined in the Note Purchase Agreement), the Purchaser's security interest in and lien on the Collateral shall be subordinated to the lien of the Senior Lender (as defined in the Note Purchase Agreement) and subject to the terms of the Subordination Agreement (as defined in the Note Purchase Agreement). View More
The Securities. The undersigned Creatd, Inc., a Nevada corporation (the "Pledgor") and all of the subsidiaries of the Pledgor (the "Subsidiaries" and together with the Pledgor, the "Debtors"), hereby assign and grant to the holders of the Pledgor's Original Issue Discount Senior Convertible Debentures issued on May 31, 2022 and July 25, 2022 (collectively, the "Debentures"), signatory hereto, their endorsees, transferees and assigns and grants to Lender (collectively, the "Creditors"), a security interest in al...l assets of the Debtors, now owned or hereafter acquired, including the following described property now owned or hereafter acquired by the Pledgor ("Collateral"): Debtors (the "Collateral"): (a) All accounts, contract rights, chattel paper, instruments, deposit accounts, letter of credit rights, payment intangibles and general intangibles, including all amounts due to the Pledgor each Debtor from a factor; and all returned or repossessed goods which, on sale or lease, resulted in an account or chattel paper. (b) All inventory, including all materials, work in process and finished goods. (c) All machinery, furniture, fixtures and other equipment of every type now owned or hereafter acquired by the Pledgor, (including, but not limited to, the equipment described in the attached Exhibit A, if any). Pledgor. (d) The Collateral shall include all equipment, parts, and accessories which may from time to time be incorporated or installed in or attached to the foregoing. (e) All of the Pledgor's deposit accounts with the Lender. The Collateral shall include any renewals or rollovers of the deposit accounts, any successor accounts, and any general intangibles and choses in action arising therefrom or related thereto. (f) All instruments, notes, chattel paper, documents, certificates of deposit, securities and investment property of every type. type, including, without limitation, the capital stock of all of the Subsidiaries. The Collateral shall include all liens, security agreements, leases and other contracts securing or otherwise relating to the foregoing. (g) (e) All general intangibles, including, but not limited to: (i) all patents, and all unpatented or unpatentable inventions, (ii) all trademarks, service marks, and trade names, (iii) all copyrights and literary rights, (iv) all computer software programs, (v) all mask works of semiconductor chip products, and (vi) all trade secrets, proprietary information, customer lists, manufacturing, engineering and production plans, drawings, specifications, processes and systems. The Collateral shall include all good will connected with or symbolized by any of such general intangibles, all contract rights, documents, applications, licenses, materials and other matters related to such general intangibles; all tangible property embodying or incorporating any such general intangibles; and all chattel paper and instruments relating to such general intangibles. (f) All negotiable and nonnegotiable documents of title covering any Collateral. (h) 1 (g) All accessions, attachments and other additions to the Collateral, and all tools, parts and equipment used in connection with the Collateral. (i) (h) All substitutes or replacements for any Collateral, all cash or non-cash proceeds, product, rents and profits of any Collateral, all income, benefits and property receivable on account of the Collateral, all rights under warranties warranties, indemnities and insurance contracts, letters of credit, guaranties or other supporting obligations covering the Collateral, and any causes of action relating to the Collateral, and all proceeds (including insurance proceeds) from the sale, destruction, loss, or other disposition of any of the Collateral and sums due from a third party which has damaged or destroyed the Collateral or from that party's insurer, whether due to judgment, settlement or other process. Security Agreement – Page 1 (j) Collateral. (i) All books, data books and records pertaining to any Collateral, whether in the form of a writing, photograph, microfilm or electronic media, including but not limited to any computer-readable memory and any computer hardware or software necessary to process such memory ("Books and Records"). View More
The Securities. The Pledgor undersigned LIFELOC TECHNOLOGIES, INC. ( the "Pledgor") hereby assigns and grants to Lender Bank of America, N.A., its successors and assigns ("BANA"), and to Bank of America Corporation and its subsidiaries and affiliates (BANA and all such secured parties, collectively, the "Bank") a security interest in the following described property now owned or hereafter acquired by the Pledgor ("Collateral"): (the "Collateral"): (a) All accounts, contract rights, and all chattel paper, instru...ments, deposit accounts, letter of credit rights, payment intangibles and general intangibles, including all amounts due to the Pledgor from a factor; intangibles related thereto; and all returned or repossessed goods which, on sale or lease, resulted in an account or chattel paper. account. (b) All inventory, including all materials, work in process and finished goods. inventory. (c) All machinery, furniture, equipment and fixtures and other equipment of every type now owned or hereafter acquired by the Pledgor, (including, but not limited to, the equipment described in the attached Exhibit A, Equipment Description, if any). (d) The Collateral shall include all equipment, parts, and accessories which may from time to time be incorporated or installed in or attached to the foregoing. (e) All of the Pledgor's deposit accounts with the Lender. The Collateral shall include any renewals or rollovers of the deposit accounts, any successor accounts, and any general intangibles and choses in action arising therefrom or related thereto. (f) All instruments, notes, chattel paper, documents, certificates of deposit, securities and investment property of every type. The Collateral shall include all liens, security agreements, leases and other contracts securing or otherwise relating to the foregoing. (g) All negotiable and nonnegotiable documents of title covering any Collateral. (h) (e) All accessions, attachments and other additions to the Collateral, and all tools, parts and equipment used in connection with the Collateral. (i) (f) All substitutes or replacements for any Collateral, all cash or non-cash proceeds, product, proceeds (including insurance proceeds), products, rents and profits of any the Collateral, and all income, benefits and property receivable on account of the Collateral, and all rights under warranties and insurance contracts, letters of credit, guaranties or other supporting obligations covering the Collateral, and any causes of action relating to the Collateral, and all proceeds (including insurance proceeds) from the sale, destruction, loss, or other disposition of any of the Collateral and sums due from a third party which has damaged or destroyed the Collateral or from that party's insurer, whether due to judgment, settlement or other process. Security Agreement – Page 1 (j) Collateral. (g) All books, data and records pertaining to any Collateral, whether in the form of a writing, photograph, microfilm or electronic media, including but not limited to any computer-readable computer- readable memory and any computer hardware or software necessary to process such memory ("Books and Records"). View More
The Securities. The Each party identified as a Pledgor on the signature pages hereto and each other party that becomes a Pledgor hereunder after the date hereof (each a "Pledgor" and collectively the "Pledgors") hereby assigns and grants to Lender Bank of America, N.A., its successors and assigns ("BANA"), and to Bank of America Corporation and its subsidiaries and affiliates (BANA and all such secured parties, collectively, the "Bank") a security interest in the following described property now owned or hereaf...ter acquired by the such Pledgor ("Collateral"): (a) All accounts, contract rights, chattel paper, instruments, deposit accounts, letter of credit rights, payment intangibles and general intangibles, including all amounts due to the Pledgor from a factor; rights to payment of money from the Bank under any Swap Contract; and all returned or repossessed goods which, on sale or lease, resulted in an account or chattel paper. (b) All inventory, including all materials, work in process and finished goods. (c) All machinery, furniture, fixtures and other equipment of every type now owned or hereafter acquired by the Pledgor, (including, but not limited to, Pledgor. (d) All Pledged Equity now owned or hereafter acquired by the equipment described in the attached Exhibit A, if any). (d) The Collateral shall include all equipment, parts, and accessories which may from time to time be incorporated or installed in or attached to the foregoing. Pledgor. (e) All of the Pledgor's deposit accounts with the Lender. Bank. The Collateral shall include any renewals or rollovers of the deposit accounts, any successor accounts, and any general intangibles and choses in action arising therefrom or related thereto. (f) All instruments, notes, chattel paper, documents, certificates of deposit, securities and investment property of every type. The Collateral shall include all liens, security agreements, leases and other contracts securing or otherwise relating to the foregoing. (g) All general intangibles, including, but not limited to, (i) all patents, and all unpatented or unpatentable inventions; (ii) all trademarks, service marks, and trade names; (iii) all copyrights and literary rights; (iv) all computer software programs; (v) all mask works of semiconductor chip products; (vi) all trade secrets, proprietary information, customer lists, manufacturing, engineering and production plans, drawings, specifications, processes and systems. The Collateral shall include all good will connected with or symbolized by any of such general intangibles; all contract rights, documents, applications, licenses, materials and other matters related to such general intangibles; all tangible property embodying or incorporating any such general intangibles; and all chattel paper and instruments relating to such general intangibles. (h) All negotiable and nonnegotiable documents of title covering any Collateral. (h) (i) All accessions, attachments and other additions to the Collateral, and all tools, parts and equipment used in connection with the Collateral. (i) (j) All substitutes or replacements for any Collateral, all cash or non-cash proceeds, product, rents and profits of any Collateral, all income, benefits and property receivable on account of the Collateral, all rights under warranties and insurance contracts, letters of credit, guaranties or other supporting obligations covering the Collateral, and any causes of action relating to the Collateral, and all proceeds (including insurance proceeds) from the sale, destruction, loss, or other disposition of any of the Collateral and sums due from a third party which has damaged or destroyed the Collateral or from that party's insurer, whether due to judgment, settlement or other process. Security Agreement – Page 1 (j) (k) All books, data and records pertaining to any Collateral, whether in the form of a writing, photograph, microfilm or electronic media, including but not limited to any computer-readable memory and any computer hardware or software necessary to process such memory ("Books and Records"). Notwithstanding the foregoing or any other provision herein to the contrary, the Collateral does not include any right of a Pledgor under any lease, license, contract or other agreement if the grant of a security interest in such right is prohibited under the terms of such lease, license, contract or other agreement or under applicable law or would result in default thereunder, the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Pledgor's rights thereunder; provided that (i) any such limitation shall apply only to the extent that any such prohibition could not be rendered ineffective pursuant to the Uniform Commercial Code or any other applicable law or principles of equity and (ii) in the event of the waiver or termination of any such prohibition to the extent sufficient to permit such right to become Collateral hereunder, a security interest in such right shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. 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The Securities. The Pledgor undersigned Lakeland Industries, Inc., a Delaware corporation (the "Pledgor") hereby assigns and grants to Lender Bank of America, N.A., its successors and assigns ("BANA"), and to Bank of America Corporation and its subsidiaries and affiliates (BANA and all such secured parties, collectively, the "Bank") a security interest in the following described property now owned or hereafter acquired by the Pledgor ("Collateral"): (the "Collateral"): (a) All accounts, contract rights, and all... chattel paper, instruments, deposit accounts, letter of credit rights, payment intangibles and general intangibles, including all amounts due to the Pledgor from a factor; intangibles related thereto; and all returned or repossessed goods which, on sale or lease, resulted in an account or chattel paper. account. (b) All inventory, including all materials, work in process and finished goods. inventory. (c) All machinery, furniture, fixtures and other equipment of every type now owned or hereafter acquired by the Pledgor, (including, but not limited to, the equipment described in the attached Exhibit A, if any). Pledgor. (d) The Collateral shall include all equipment, parts, and accessories which may from time to time be incorporated or installed in or attached to the foregoing. (e) All of the Pledgor's deposit accounts with the Lender. Bank. The Collateral shall include any renewals or rollovers of the deposit accounts, any successor accounts, and any general intangibles and choses in action arising therefrom or related thereto. (f) (e) All instruments, notes, chattel paper, documents, certificates of deposit, securities and investment property of every type. (f) All general intangibles. The Collateral shall include all liens, security agreements, leases and other contracts securing good will connected with or otherwise relating to the foregoing. symbolized by any of such general intangibles. (g) All negotiable and nonnegotiable documents of title covering any Collateral. (h) All accessions, attachments and other additions to the Collateral, and all tools, parts and equipment used in connection with the Collateral. (i) All substitutes or replacements for any Collateral, all cash or non-cash proceeds, product, proceeds (including insurance proceeds), products, rents and profits of any the Collateral, and all income, benefits and property receivable on account of the Collateral, and all rights under warranties and insurance contracts, letters of credit, guaranties or other supporting obligations covering the Collateral, and any causes of action relating to the Collateral, and all proceeds (including insurance proceeds) from the sale, destruction, loss, or other disposition of any of the Collateral and sums due from a third party which has damaged or destroyed the Collateral or from that party's insurer, whether due to judgment, settlement or other process. Security Agreement – Page 1 Collateral. (j) All books, data and records pertaining to any Collateral, whether in the form of a writing, photograph, microfilm or electronic media, including but not limited to any computer-readable memory and any computer hardware or software necessary to process such memory ("Books and Records"). View More
The Securities. The Pledgor undersigned Technical Communications Corporation (the "Pledgor") hereby assigns and grants to Lender Bank of America, N.A., its successors and assigns ("BANA"), and to Bank of America Corporation and its subsidiaries and affiliates (BANA and all such secured parties, collectively, the "Bank") a security interest in the following described property now owned or hereafter acquired by the Pledgor ("Collateral"): (a) All accounts, contract rights, chattel paper, instruments, deposit acco...unts, letter of credit rights, payment intangibles and general intangibles, including all amounts due to the Pledgor from a factor; rights to payment of money from the Bank under any Swap Contract (as defined in Paragraph 2 below); and all returned or repossessed goods which, on sale or lease, resulted in an account or chattel paper. (b) All inventory, including all materials, work in process and finished goods. (c) All machinery, furniture, fixtures and other equipment of every type now owned or hereafter acquired by the Pledgor, (including, but not limited to, the equipment described in the attached Exhibit A, Equipment Description, if any). (d) The Collateral shall include all equipment, parts, and accessories which may from time to time be incorporated or installed in or attached to the foregoing. (e) All of the Pledgor's deposit accounts with the Lender. The Collateral shall include any renewals or rollovers of the deposit accounts, any successor accounts, and any general intangibles and choses in action arising therefrom or related thereto. (f) All instruments, notes, chattel paper, documents, certificates of deposit, securities and investment property of every type. The Collateral shall include all liens, security agreements, leases and other contracts securing or otherwise relating to the foregoing. (g) All negotiable and nonnegotiable documents of title covering any Collateral. (h) (e) All accessions, attachments and other additions to the Collateral, and all tools, parts and equipment used in connection with the Collateral. (i) (f) All substitutes or replacements for any Collateral, all cash or non-cash proceeds, product, rents and profits of any Collateral, all income, benefits and property receivable on account of the Collateral, all rights under warranties and insurance contracts, letters of credit, guaranties or other supporting obligations covering the Collateral, and any causes of action relating to the Collateral, Collateral and all proceeds (including insurance proceeds) from the sale, destruction, loss, or other disposition of any of the Collateral and sums due from a third party which has damaged or destroyed the Collateral or from that party's insurer, whether due to judgment, settlement or other process. Security Agreement – Page 1 (j) (g) All books, books data and records pertaining to any Collateral, Collateral whether in the form of a writing, photograph, microfilm or electronic media, including but not limited to any computer-readable memory and any computer hardware or software necessary to process such memory ("Books and Records"). View More
