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

Assignment and Grant of Security Interest. As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Loans and all other Obligations, the Pledgor hereby sells, assigns, conveys, mortgages, pledges, hypothecates and transfers to the Collateral Agent for the ratable benefit of the Secured Parties, and hereby grants to the Collateral Agent of the ratable benefit of the Secured Parties a continuing first (other than as to Permitted Liens) priority security interest in, to and under all of the following property now owned or at any time hereafter acquired by the Pledgor or in which the Pledgor now has or at any time in the future may acquire any rights, title or interest (all of which being hereinafter collectively called the "Collateral"):

Appears in 1 contract

Samples: Pledge and Security Agreement (Cogen Technologies Inc)

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Assignment and Grant of Security Interest. As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Loans and all other Obligations, the Pledgor hereby sells, assigns, conveys, mortgages, pledges, hypothecates and transfers to the Collateral Agent for the ratable benefit of the Secured Parties, and hereby grants to the Collateral Agent of for the ratable benefit of the Secured Parties a continuing first (other than as to Permitted Liens) priority security interest in, to and under all of the following property now owned or at any time hereafter acquired by the Pledgor or in which the Pledgor now has or at any time in the future may acquire any rights, title or interest (all of which being hereinafter collectively called the "Collateral"):

Appears in 1 contract

Samples: Assignment and Security Agreement (Cogen Technologies Inc)

Assignment and Grant of Security Interest. As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Loans and all other Obligations, the Pledgor hereby sells, assigns, conveys, mortgages, pledges, hypothecates and transfers to the Collateral Agent for the ratable benefit of the Secured PartiesGP Lender, and hereby grants to the Collateral Agent of for the ratable benefit of the Secured Parties GP Lender a continuing first (other than as to Permitted Liens) priority security interest in, to and under all of the following property now owned or at any time hereafter acquired by the Pledgor or in which the Pledgor now has or at any time in the future may acquire any rights, title or interest (all of which being hereinafter collectively called the "Collateral"):

Appears in 1 contract

Samples: Assignment and Security Agreement (Cogen Technologies Inc)

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Assignment and Grant of Security Interest. As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Loans and all other Obligationsobligations, the Pledgor hereby sells, assigns, conveys, coveys mortgages, pledges, hypothecates and transfers to the Collateral Agent for the ratable benefit of the Secured Parties, and hereby grants to the Collateral Agent of for the ratable benefit of the Secured Parties a continuing first (other than as to Permitted Liens) priority security interest Interest in, to and under all of the following property now owned or at any time hereafter acquired by the Pledgor or in which the Pledgor now has or at any time in the future may acquire any rights, title or interest Interest (all of which being hereinafter collectively called the "Collateral"):

Appears in 1 contract

Samples: Pledge and Security Agreement (Cogen Technologies Inc)

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