Common use of Additional Grant of Security Interest in Specified Property Clause in Contracts

Additional Grant of Security Interest in Specified Property. Debtor acknowledges and agrees that in anticipation of the possible application, in one or more jurisdictions of the revised Article 9 of the Uniform Commercial Code in the form or substantially in the form approved by the American Law Institute and the National Conference of Commissioners on Uniform State Law and contained in the 1999 Official Text of the Uniform Commercial Code ("Revised Article 9") that the Debtor, in addition to the items previously described as constituting Collateral hereby gives, grants, bargains, assigns and confirms that it has granted a security interest in the following now owned or hereafter acquired and wherever located properties, assets and rights of the Debtor: All other goods, rights to payment of money, insurance refund claims and all other insurance claims and proceeds, tort claims, electronic chattel paper, securities and other investment property, rights to proceeds of letters of credit, letter of credit rights, supporting obligations of every nature, all tax refund claims, license fees, rights to xxx and recover for past infringement of patents, trademarks and copyrights, computer programs, computer software, engineering drawings, customer lists, goodwill and all licenses, permits, agreements of any kind or nature pursuant to which (i) the Debtor operates or has authority to operate, (ii) the Debtor possesses, uses or has authority to possess or use property (whether tangible or intangible) of others, or (iii) others possess, use or have authority to possess or use property (whether tangible or intangible) of the Debtor, and all recorded data of any kind or nature, regardless of the medium of recording, including without limitation, all software, writings, plans, specifications and schematics. Debtor acknowledges and agrees that, with respect to any term used herein that is defined in either (a) Article 9 of the Uniform Commercial Code as in force in the jurisdiction in which this financing statement was signed by the Debtor at the time that it was signed or (b) Article 9 as in force at any relevant time in the jurisdiction in which this financing statement is filed, the meaning to be ascribed thereto with respect to any particular item of property shall be that under the more encompassing of the two definitions. The Debtor further acknowledges and agrees that the grant of Collateral in this Loan and Security Agreement covers, and is intended to cover, all assets of the Debtor.

Additional Grant of Security Interest in Specified Property. Debtor Borrower acknowledges and agrees that in anticipation of the possible application, in one or more jurisdictions of the revised Article 9 of the Uniform Commercial Code in the form or substantially in the form approved by the American Law Institute and the National Conference of Commissioners on Uniform State Law and contained in the 1999 Official Text of the Uniform Commercial Code ("Revised Article 9") that the Debtor, in addition to the items previously described as constituting Collateral Collateral, it hereby gives, grants, bargains, assigns and confirms that it has granted a security interest in the following now owned or hereafter acquired and wherever located properties, assets and rights of the DebtorBorrower: All other goods, rights to payment of money, insurance refund claims and all other insurance claims and proceeds, tort claims, electronic chattel paper, securities and other investment property, rights to proceeds of letters of credit, letter of credit rights, supporting obligations of every nature, all tax refund claims, license fees, rights to xxx and recover for past infringement of patents, trademarks and copyrights, computer programs, computer software, engineering drawings, customer lists, goodwill and all licenses, permits, agreements of any kind or nature pursuant to which (i) the Debtor Borrower operates or has authority to operate, (ii) the Debtor Borrower possesses, uses or has authority to possess or use property (whether tangible or intangible) of others, or (iii) others possess, use or have authority to possess or use property (whether tangible or intangible) of the DebtorBorrower, and all recorded data of any kind or nature, regardless of the medium of recording, including without limitation, all software, writings, plans, specifications and schematics. Debtor acknowledges Nothing herein contained in the Amendment or Loan Agreement shall be construed to narrow the scope of Lender's security interest in any of the Collateral or the perfection or priority thereof or to impair or otherwise limit any of the rights, powers, privileges or remedies of the Lender hereunder except (and agrees that, with respect then only to any term used herein that is defined in either (athe extent) as mandated by Article 9 of to the Uniform Commercial Code as in force in the jurisdiction in which this financing statement was signed by the Debtor at the time that it was signed or (b) Article 9 as in force at any relevant time in the jurisdiction in which this financing statement is filed, the meaning to be ascribed thereto with respect to any particular item of property shall be that under the more encompassing of the two definitionsextent then applicable. The Debtor Borrower further acknowledges and agrees that the grant of Collateral in this Loan and Security Agreement covers, and is intended to cover, all assets of the DebtorBorrower. Notwithstanding anything contained in the Amendment to the contrary, any grant of a security interest in patents, trademarks and rights therein is only to the extent necessary to exercise the license granted to the Lender pursuant to Subsection 8.5 of the Loan Agreement.

Additional Grant of Security Interest in Specified Property. Debtor Borrower acknowledges and agrees that in anticipation of the possible application, in one or more jurisdictions of the revised Article 9 of the Uniform Commercial Code in the form or substantially in the form approved by the American Law Institute and the National Conference of Commissioners on Uniform State Law and contained in the 1999 Official Text of the Uniform Commercial Code ("Revised Article 9") that the Debtor, in addition to the items previously described as constituting Collateral Collateral, it hereby gives, grants, bargains, assigns and confirms that it has granted a security interest in the following now owned or hereafter acquired and wherever located properties, assets and rights of the DebtorBorrower: All other goods, rights to payment of money, insurance refund claims and all other insurance claims and proceeds, tort claims, electronic chattel paper, securities and other investment property, rights to proceeds of letters of credit, letter of credit rights, supporting obligations of every nature, all tax refund claims, license fees, rights to xxx and recover for past infringement of patents, trademarks and copyrights, computer programs, computer software, engineering drawings, customer lists, goodwill and all licenses, permits, agreements of any kind or nature pursuant to which (i) the Debtor Borrower operates or has authority to operate, (ii) the Debtor Borrower possesses, uses or has authority to possess or use property (whether tangible or intangible) of others, or (iii) others possess, use or have authority to possess or use property (whether tangible or intangible) of the DebtorBorrower, and all recorded data of any kind or nature, regardless of the medium of recording, including without limitation, all software, writings, plans, specifications and schematics. Debtor acknowledges Nothing herein contained in the Amendment or Loan Agreement shall be construed to narrow the scope of Lender's security interest in any of the Collateral or the perfection or priority thereof or to impair or otherwise limit any of the rights, powers, privileges or remedies of the Lender hereunder except (and agrees that, with respect then only to any term used herein that is defined in either (athe extent) as mandated by Article 9 of to the Uniform Commercial Code as in force in the jurisdiction in which this financing statement was signed by the Debtor at the time that it was signed or (b) Article 9 as in force at any relevant time in the jurisdiction in which this financing statement is filed, the meaning to be ascribed thereto with respect to any particular item of property shall be that under the more encompassing of the two definitionsextent then applicable. The Debtor Borrower further acknowledges and agrees that the grant of Collateral in this Loan and Security Agreement covers, and is intended to cover, all assets of the DebtorBorrower. Notwithstanding anything contained in the Amendment to the contrary, any grant of a security interest in patents, trademarks and rights therein is only to the extent necessary to exercise the license granted to the Lender pursuant to Section 8.3 of the Loan Agreement.