Common use of Acknowledgment of Security Interest Clause in Contracts

Acknowledgment of Security Interest. FFB acknowledges that the Borrower has, through the execution of the Security Instruments, pledged and granted a security interest to the “Collateral Agent,” for the benefit of the “Secured Parties” (as those terms are defined in the Common Agreement) in certain property of the Borrower to secure the payment and performance of certain obligations owed to the Secretary under, inter alia, the Security Instruments.

Appears in 2 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement (Solyndra, Inc.)

AutoNDA by SimpleDocs

Acknowledgment of Security Interest. FFB acknowledges that the Borrower has, through the execution of the Security Instruments, pledged and granted a security interest to the "Collateral Agent," for the benefit of the "Secured Parties" (as those terms are defined in the Common Loan Guarantee Agreement) in certain property of the Borrower to secure the payment and performance of certain obligations owed to the Secretary under, inter alia, the Security Instruments.

Appears in 2 contracts

Samples: Note Purchase Agreement (Georgia Power Co), Note Purchase Agreement (Georgia Power Co)

AutoNDA by SimpleDocs

Acknowledgment of Security Interest. FFB acknowledges that the Borrower has, through the execution of the Security Instruments, pledged and granted a security interest to the “Collateral Agent,” for the benefit of the “Secured Parties” (as Parties”(as those terms are defined in the Common Agreement) in certain property of the Borrower to secure the payment and performance of certain obligations owed to the Secretary under, inter alia, the Security Instruments.

Appears in 1 contract

Samples: Note Purchase Agreement (Beacon Power Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.