Asset Pledge Documents Clause Samples
The Asset Pledge Documents clause defines the requirement for a party to provide documentation that formally pledges specific assets as collateral in a transaction. Typically, this involves the borrower or obligor delivering signed agreements, certificates, or other legal instruments that grant the lender a security interest in designated assets, such as equipment, inventory, or accounts receivable. By specifying the necessary documents and their delivery, this clause ensures that the lender's interest in the collateral is properly established and legally enforceable, thereby reducing the risk of loss if the borrower defaults.
Asset Pledge Documents each of the following documents and all other contracts and documents that provide any Lien, charge or security interest to any Secured Party on the assets of the Project Company to secure the Secured Obligations:
i. a security interest by means of a mortgage, security agreement or deed of trust, as appropriate, with respect to the Project Company’s interest in (i) the Project Site, and (ii) all other real property necessary for the operation of the Project, including the Project Company’s interest in the Shared Facilities, together with any additional security documents necessary in connection with the BLM Right-of-Way, and any other agreements pledging all other real property interests of the Project Company, including all leasehold or other real property interests relating to the Project, and all related fixtures, easements, rights-of-way and licenses;
ii. Security Agreement;
iii. Account Control Agreement;
iv. NRG Account Control Agreement;
v. the BrightSource Ivanpah Account Control Agreement;
vi. the NRG Security Agreement;
vii. any agreements pledging all Intellectual Property Rights of the Project Company, whether characterized as licenses, general intangibles or goodwill (including all Intellectual Property Rights of the Project Company as are necessary for the completion and operation of the Project, including the development of all necessary software);
viii. any other agreements necessary to pledge, collaterally assign or grant a security interest in all Governmental Approvals for the Project, to the extent such pledge, collateral assignment or grant is permitted by applicable law; and
ix. any other agreements and instruments that provide for a security interest to any Secured Party relating to the Project or necessary to create and perfect a first-priority security interest under applicable law in all assets of the Project Company subject only to Permitted Liens;
Asset Pledge Documents each of the following documents and all other contracts and documents that provide any Lien, charge or security interest to any Secured Party on the assets of the Project Company to secure the Secured Obligations:
Asset Pledge Documents. Each of the following documents and all other contracts and documents that provide any Lien, charge or security interest to the Secured Parties (or any of them) on the assets of the Borrower to secure the Secured Obligations (the “Asset Pledge Documents”):
(A) the Mortgage;
(B) the Security Agreement;
(C) the Account Control Agreements;
(D) the Collateral Assignment;
(E) to the extent not included in the Mortgage or Security Agreement, agreements pledging all other personal property and real property interests of the Borrower, including all governmental approvals, licenses and permits for the Project, all Project Accounts, all insurance policies maintained by the Borrower or otherwise related to the Project, all agreements, leasehold or other property interests relating to the Project, and all related fixtures, easements, rights-of-way and licenses, all intellectual property rights of the Borrower, and general intangibles and goodwill; and
(F) all other agreements and instruments, if any, necessary to create a first-priority perfected security interest under applicable law in the Collateral, subject to Permitted Liens.
Asset Pledge Documents. Each of the following documents and all other contracts and documents that provide any Lien, charge or security interest to the Secured Parties (or any of them) on the assets of the Borrower to secure the Secured Obligations (the “Asset Pledge Documents”):
(A) the Deed of Trust;
(B) the Security Agreement;
(C) the Account Control Agreements; and
(D) agreements pledging all other real or personal property interests of the Borrower, including all leasehold or other property interests relating to the Project, and all related fixtures, easements, rights-of-way and licenses.