preamble to this
Agreement and shall refer to the holder of the
Subject
Indebtedness
.
"Pledged Interest" shall mean the Debtor's twenty-five percent (25%)
membership interest in the Company ... shall mean this Agreement, the Purchase and Sale
Agreement and the Promissory Note collectively.
"
Subject
Indebtedness
" shall mean the obligations of the Debtor in respect
of the Promissory Note.
"Secured ... mean all obligations of the Debtor owing to
the Lender in respect of the
Subject
Indebtedness
, whether now or hereafter existing and,
whether direct or indirect, absolute or contingent