Additional Credit Security. As additional Credit Security, each Obligor covenants that it will mortgage, pledge and collaterally grant and assign to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and will create a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Agent may from time to time specify by notice to the Borrower, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 10.1.16(a) through (d), subject only to Liens permitted by Section 10.3.4, all of which shall thereupon be included in the term "CREDIT SECURITY".
Appears in 2 contracts
Samples: Credit Agreement (Ameripath Inc), Credit Agreement (Ameripath Inc)
Additional Credit Security. As additional Credit Security, each Obligor covenants that it will mortgage, pledge and collaterally grant and assign to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and will create a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Agent may from time to time specify by notice to the Borrowersuch Obligor, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 10.1.16(a3.1.15(a) through (db), subject only to Liens permitted by Section 10.3.43.3.3, all of which shall thereupon be included in the term "CREDIT SECURITYCredit Security".:
Appears in 2 contracts
Samples: Guarantee and Security Agreement (Racing Champions Corp), Guarantee and Security Agreement (Racing Champions Corp)
Additional Credit Security. As additional Credit Security, each Obligor covenants that it will mortgage, pledge and collaterally grant and assign to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and will create a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Agent may from time to time specify by notice to the Borrowersuch Obligor, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 10.1.16(a3.1.17(a) through (dc), subject only to Liens permitted by Section 10.3.43.3.3, all of which shall thereupon be included in the term "CREDIT SECURITYCredit Security".:
Appears in 2 contracts
Samples: Guarantee and Security Agreement (Nextera Enterprises Inc), Guarantee and Security Agreement (Nextera Enterprises Inc)
Additional Credit Security. As additional Credit Security, each Obligor covenants that it will mortgage, pledge and collaterally grant and assign to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and will create a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Agent may from time to time specify by notice to the Borrowersuch Obligor, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 10.1.16(a2.1.16(a) through (dc), subject only to Liens permitted by Section 10.3.42.3.3, all of which shall thereupon be included in the term "CREDIT SECURITY".:
Appears in 1 contract
Additional Credit Security. As additional Credit Security, each -------------------------- Obligor covenants that it will mortgage, pledge and collaterally grant and assign to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and will create a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Agent may from time to time specify by notice to the Borrower, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 10.1.16(a) through (d), subject only to Liens permitted by Section 10.3.4, all of which shall thereupon be included in the term "CREDIT SECURITY".Credit Security" . ---------------
Appears in 1 contract
Samples: Credit Agreement (Ameripath Inc)
Additional Credit Security. As additional Credit Security, each Obligor covenants that it will mortgage, pledge and collaterally grant and assign to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and will create a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Agent may from time to time specify by notice to the Borrowersuch Obligor, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 10.1.16(a3.1.15(a) through (dc), subject only to Liens permitted by Section 10.3.43.3.3, all of which shall thereupon be included in the term "CREDIT SECURITY".:
Appears in 1 contract
Samples: Guarantee and Security Agreement (Nextera Enterprises Inc)