Security Interest

Security Interest. Shall have the meaning given such term in Section 2 hereof. -3- 1. (c) Unless the context of this Agreement otherwise clearly requires, references to the plural include the singular, the singular, the plural and "or" has the inclusive meaning represented by the phrase "and/or." The words "include," "includes" and "including" shall be deemed to be followed by the phrase "without limitation." The words "hereof," "herein," "hereunder" and similar terms in this... Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement. References to Sections are references to Sections in this Agreement unless otherwise provided. Section 2. Grant of Security Interest. As security for the payment and performance of all of the Obligations, the Grantors hereby grant to the Secured Party for the benefit of the Secured Party and the Purchasers a security interest (the "Security Interest") in all of the Grantors' right, title, and interest in and to the following, whether now or hereafter owned, existing, arising or acquired and wherever located: 2. (a) All Accounts. View More

Security Interest. Means any mortgage, pledge, lien, encumbrance, charge, or other security interest of any kind.

Security Interest. Means any mortgage, pledge, lien, encumbrance, charge, or other security interest, other than (a)(i) mechanic's, materialmen's, and similar liens, and (ii) other statutory liens, which have been disclosed to Buyer, with respect to amounts not yet due and payable or which are being contested in good faith through appropriate proceedings, (b) liens for taxes not yet due and payable or for taxes that the taxpayer is contesting in good faith through appropriate proceedings... which have been disclosed to Buyer, for which adequate reserves are maintained and reflected on the Financial Statements, to the extent required by GAAP, (c) purchase money liens and liens securing rental payments under capital lease arrangements which are reflected on the Financial Statements, and (d) other encumbrances set forth in the Disclosure Schedules. View More

Security Interest. Means any mortgage, pledge, lien, encumbrance, charge or other security interest, other than (a) mechanics', materialmen's and similar liens, (b) liens for Taxes not yet due and payable or for Taxes that the taxpayer is contesting in good faith through appropriate proceedings and for which adequate reserves are recorded on SM&P's consolidated balance sheet in accordance with GAAP, (c) purchase money liens and liens securing rental payments under capital lease arrangements, and (d) other liens... arising in the Ordinary Course of Business and not incurred in connection with the borrowing of money. View More

Security Interest. Means any adverse claim, mortgage, pledge, lien, encumbrance, option, restriction on transfer, easement, right of way, matter of survey, charge, or other security interest.

Security Interest. Means any mortgage, pledge, lien, encumbrance, charge, or other security interest, other than in the case of the Target and the Subsidiary (but expressly not in the case of Target Shares and Section 3(a)(vi) hereof) (a) mechanic's, materialmen's, and similar liens, (b) liens for Taxes not yet due and payable, (c) purchase money liens and liens securing rental payments under capital lease arrangements, and (d) other liens arising in the Ordinary Course of Business and not incurred in connection... with the borrowing of money. View More

Security Interest. Means the security interest (as that term is defined by the Code) granted by this Agreement.

Security Interest. Means any mortgage, hypothec, pledge, lien, encumbrance, charge, or other security interest or restriction, other than (a) mechanic's, materialmen's and construction legal hypothecs, and similar liens arising in the Ordinary Course of Business, (b) liens for taxes not yet due and payable or for taxes that the taxpayer is contesting in good faith through appropriate proceedings, (c) purchase money liens and liens securing rental payments under capital lease arrangements, and (d) other liens... arising in the Ordinary Course of Business and not incurred in connection with the borrowing of money that do not materially interfere with the conduct of the Company's business. View More

Security Interest. Means the security interest granted, and the pledges and collateral assignments made, by Grantors to the Secured Party under Section 2 of this Agreement.

Security Interest. In this Patent Security Agreement as the "Security Interest"