ACKNOWLEDGEMENT OF SECURITY INTEREST; CONTROL Sample Clauses

ACKNOWLEDGEMENT OF SECURITY INTEREST; CONTROL. Pursuant to the Pledge and Security Agreement, in order to secure the payment and performance of all covenants, agreements and payment and other obligations of the Issuer under the Indenture and the Collateral Documents (the "OBLIGATIONS"), the Issuer has pledged to and created in favor of the Trustee a security interest in and to, the Securities Accounts, the Issuer's Payment Account, the PFC Payment Account, all cash, Cash Equivalents, instruments, investments, securities entitlements and other securities at any time on deposit in the Securities Accounts, the Issuer's Payment Account, and the PFC Payment Account, and all proceeds of any of the foregoing. All moneys, Cash Equivalents, instruments, investments and securities at any time on deposit in any of the Securities Accounts, the Issuer's Payment Account, or the PFC Payment Account shall constitute collateral security for the payment and performance by the Issuer of its obligations and shall at all times be subject to the control of the Trustee, and shall be held in the custody of the Disbursement Agent in trust for the purposes of, and on the terms set forth in, this Agreement.
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ACKNOWLEDGEMENT OF SECURITY INTEREST; CONTROL. Pursuant to the Pledge and Security Agreement and the Pledge and Security Agreement (Tribal UCC), in order to secure the payment and performance of all covenants, agreements and payment and other obligations of the Authority or the Tribe under the Indenture and the Collateral Documents (the "Obligations"), the Authority has pledged to and created in favor of the Trustee a security interest in and to, the Securities Accounts, the Deposit Account, all cash, Cash Equivalents, instruments, investments, securities entitlements and other securities at any time on deposit in the Securities Accounts and all proceeds of any of the foregoing. All moneys, Cash Equivalents, instruments, investments and securities at any time on deposit in any of the Securities Accounts or the Deposit Account shall constitute collateral security for the payment and performance by the Authority of its obligations and shall at all times be subject to the control of the Trustee, and shall be held in the custody of the Disbursement Agent in trust for the purposes of, and on the terms set forth in, this Agreement.
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ACKNOWLEDGEMENT OF SECURITY INTEREST; CONTROL. Pursuant to the Accounts Security Agreement and subject to the terms thereof, the parties hereto acknowledge that in order to secure the payment and performance in full of all the Secured Obligations, the Issuer and the Guarantors have pledged to and created in favor of the Trustee a lien on and first priority security interest in and to the Collateral, including the Collateral Accounts, on the terms set forth in the Accounts Security Agreement. The Collateral shall constitute collateral security for the payment and performance in full of all the Secured Obligations by the Issuer and the Guarantors and shall be subject to the control of the Trustee and shall be held in the custody of the Disbursement Agent in trust for the purposes of, and on the terms set forth in, the Accounts Security Agreement and this Agreement.
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ACKNOWLEDGEMENT OF SECURITY INTEREST; CONTROL. Pursuant to the Pledge and Security Agreement and in reliance on the UCC and the Tribal UCC, to secure the payment and performance of all covenants, agreements and payment and other obligations of the Authority or the Tribe under the Indenture and the Collateral Documents (the "Obligations"), the Authority has pledged to create and has created in favor of the Trustee a security interest in and to the Collateral Accounts, all cash, Cash Equivalents, instruments, investments and securities at any time on deposit in the Collateral Accounts and all proceeds of any of the foregoing. All cash, Cash Equivalents, instruments, investments and securities at any time on deposit in any of the Collateral Accounts shall constitute collateral security for the payment and performance by the Authority of its obligations and shall at all times be subject to the control of the Trustee, and shall be held in the custody of the respective Disbursement Agent in trust for the purposes of, and on the terms set forth in, the Indenture and this Agreement.
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Related to ACKNOWLEDGEMENT OF SECURITY INTEREST; CONTROL

  • Acknowledgment of Security Interests Each Loan Party hereby acknowledges that, as of the date hereof, the security interests and Liens granted to Agent and the Lenders under the Credit Agreement and the other Loan Documents are in full force and effect and are enforceable in accordance with the terms of the Credit Agreement and the other Loan Documents.

  • Assignment of Security Interest If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

  • Grant of Security Interest All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The Borrower, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuer and the Lenders (including the Swing Line Lender), and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.14(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

  • Grant of Security Interests In addition to the other rights provided in this Section 9.9, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the Loans), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board), without notice to Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, by notice to Agent; provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause (b) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder.

  • Reaffirmation of Security Interest The Borrower hereby reaffirms as of the date hereof each and every security interest and Lien granted in favor of the Security Agent and the Banks under the Loan Documents, and agrees and acknowledges that such security interests and Liens shall continue from and after the date hereof and shall remain in full force and effect from and after the date hereof, in each case after giving effect to the Credit Agreement as amended by this Amendment, and the Obligations secured thereby and thereunder shall include the Borrower’s obligations under the Credit Agreement as amended by this Amendment. Each such reaffirmed security interest and Lien remains and shall continue to remain in full force and effect and is hereby in all respects ratified and confirmed.

  • Reaffirmation of Security Interests Each Loan Party (a) affirms that each of the Liens granted in or pursuant to the Loan Documents are valid and subsisting and (b) agrees that this Amendment does not in any manner impair or otherwise adversely affect any of the Liens granted in or pursuant to the Loan Documents.

  • Assignment and Grant of Security Interest As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of all the Obligations and in order to induce the Lenders to make Loans in accordance with the terms of the Credit Agreement, the Pledgor hereby pledges and grants to the Administrative Agent (for the benefit of the Lenders), a first priority Lien on and security interest in and to, and agrees and acknowledges that Administrative Agent has and shall continue to have, a security interest in and to, and assigns, transfers, pledges and conveys to Administrative Agent (for the benefit of the Lenders) all of Pledgor's right, title, and interest in and to the Collateral.

  • Acknowledgment of Perfection of Security Interest Each Loan Party hereby acknowledges that, as of the date hereof, the security interests and liens granted to the Administrative Agent and the Lenders under the Credit Agreement and the other Loan Documents are in full force and effect, are properly perfected and are enforceable in accordance with the terms of the Credit Agreement and the other Loan Documents.

  • Pledge; Grant of Security Interest As collateral security for the payment and performance in full of all the Secured Obligations, each Grantor hereby pledges and grants to the Agent for its benefit and for the benefit of the other Credit Parties, a Lien on and security interest in and to all of the right, title and interest of such Grantor in, to and under all personal property and interests in such personal property, wherever located, and whether now existing or hereafter arising or acquired from time to time (collectively, the “Collateral”), including, without limitation:

  • Impairment of Security Interest Debtor will not take or fail to take any action which would in any manner impair the value or enforceability of Secured Party's security interest in any Collateral.

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