HomeMy WebLinkAbout1373 1
t
SECURITY AGREEMENT
PURCHASE MONEY SECURITY INTEREST
In consideration of any financial accommodations given or
to be given or continued to the undersigned (hereinafter called
"Debtor") by Flsher Scientific Com~any, a Pennsylvania corporation
(hereinafter called "Secured Party'), and as collateral security
for the payment of all debts. obligations or liabilities now or
hereafter existing. absolute or contingent, of Debtor or any dne or
more of them to Secured Party. Debtor, pursuant to the provisions
of the Uniform Commercial Code as in effect in the state in which
Debtor is conducting business, hereby grants Secured Party a secuxity
interest in all personal property heretofore or hereafter sold or.
supplied by Secured Party to Debtor, and any and all additions,
accretions and substitutions thereto or therefor and any roceeds
thereof or therefrom (hereinafter called "the collateral"~. Thig
agreement shall apply to all indebtedness regardless of how the same
accrues or is evidenced,-whether by invoice, statement. book accaunt,
account stated, note. or other evidence of indebtedness of Debtor to
Secured Party, and without the necessity of making any reference tc~
this agreement therein.
~I
Debtor hereby warrants and covenants thee:
1. The security interest granted to Secured_Part}~ by_Debttr shall apply
to the collateral whetl?er or not title thereto or to any part thereof
shall have passed or shall be deemed to have passed to Debtor. Debroz
~s, or to the extent that this agreement states that the collateral is
;E to be acquired after the date hereof will be, the owner of the collet-
eral free from any adverse lien, security interest or encumbrance; and
Debtor will defend the collateral against all claims and demands of all
other persons at any time claiming the same or any interest therein.
2. The collateral will be kept at the address designated ar_ th~~ rc,n~
elusion of this agreement.
3. If the rallateral has been, is or is to be attached to real estate,
Debtor will, on demand of Secured Party, furnish Che latter with dis-
claimer or d;~sclaimers, signed by all parsons having an interest in the
real estate, of any interest in the collateral.
4. At the request of Secured Party, Debtor will join with Secured Party
in executing one or more financing statements pursuant to the Uniform
~ Commercial Cade, in form satisfactory to Secured Party.
5. Debtor will not sell. transfer or otherwise dispose of rtes
collateral.
i
ao~~3~.5 P~~37'~