Common use of Assignment and Grant of Security Interest Clause in Contracts

Assignment and Grant of Security Interest. (a) As security for the prompt and complete payment and performance when due of all of the Secured Obligations, the Grantor hereby grants to the Collateral Agent, for itself and for the ratable benefit of all the Secured Parties, a continuing security interest of first priority (the "Security Interest") in all of the Grantor's right, title and interest in, to and under the following, in each case, whether now owned or existing or hereafter acquired, arising or created, and wherever located: (i) all Receivables; (ii) all Documents; (iii) all Equipment; (iv) all General Intangibles; (v) all Inventory;

Assignment and Grant of Security Interest. (a) As security for the prompt and complete payment and performance when due of all of the Senior Secured Obligations, the Grantor hereby grants to the Collateral Agent, for itself and for the ratable benefit of all the other Senior Secured Parties, a continuing security interest of first priority (the "Security Interest") in all of the Grantor's right, title and interest (if any) in, to and under the following, in each case, whether now owned or existing or hereafter acquired, arising or created, and wherever located: (i) all Receivables; (ii) all Documents; (iii) all Equipment; (iv) all General Intangibles; (v) all Inventory;

Assignment and Grant of Security Interest. (a) As security for the prompt and complete payment and performance when due of all of the Senior Secured Obligations, the Grantor hereby grants to the Collateral Agent, for itself and for the ratable benefit of all the other Senior Secured Parties, a continuing security interest of first priority (the "Security InterestSECURITY INTEREST") in all of the Grantor's right, title and interest in, to and under the following, in each case, whether now owned or existing or hereafter acquired, arising or created, and wherever located: (i) all Receivables; (ii) all Documents; (iii) all Equipment; (iv) all General Intangibles; (v) all Inventory;