Assignment and Security Agreement Sample Clauses

Assignment and Security Agreement. Each Member, other than Xxxxxx or --------------------------------- any successor Independent Member ("Pledging Member"), hereby pledges to the other Member, and assigns to the other Member ("Secured Member") for security purposes, all of the, Pledging Member's interest in the Company to secure the payment obligations of the Pledging Member under the provisions of this Exhibit "E," and agrees to execute and deliver any and all further instruments as the Secured Member may from time to time request in order to further evidence or to perfect the security interest hereby granted, hereby irrevocably appointing the Secured Member and its successors as its attorney-in-fact, as a power coupled with an interest, to execute and deliver all such instruments in the name and on behalf of the Pledging Member if it shall fail to promptly execute and deliver same when requested to do so. The Secured Member hereby authorizes the Pledging Member to receive distributions with respect to its Interest in the Company until such time as the Pledging Member shall fail to pay any amount to the Secured Member which becomes due under this Exhibit "E". whereupon all such distributions shall be paid directly to the Secured Member until the delinquent amounts have been paid in full together with interest at the Applicable Rate (as defined in Section 3-3); provided that notwithstanding anything to the contrary in this Exhibit E, (i) no Member of the Company will pledge any of the assets of the Company, (ii) Xxxxxx or any successor Independent Member shall not pledge its ownership interest in the Company to any of the other Members or any other entity, and (ill) the Company shall at all times have at least two members, one of which shall be the Independent Member, which is currently Xxxxxx.
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Assignment and Security Agreement. The Assignment and Security Agreement duly executed by Borrower and the Collateral Agent.
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Assignment and Security Agreement. The Collateral Agent shall have received the Assignment and Security Agreement SUBJECT AND SUBORDINATE TO THE ASSIGNMENT OF THE COLLATERAL TO THE EXISTING YEN FACILITY LENDERS, duly executed by Southland.
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Assignment and Security Agreement. The initial Lender shall have received the executed Assignment and Security Agreement.
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Assignment and Security Agreement. As an inducement to Bank to make the Loan, Borrower hereby assigns to Bank, and hereby grants to Bank a security interest in, all of its respective rights, titles and interests in and to Borrower's Account, all cash and property held from time to time in or in respect of Borrower's Account and all proceeds of any and all of the foregoing (collectively, the "Collateral") to secure the payment by Borrower to Bank of all obligations of Borrower now or hereafter existing under the Loan Documents, whether for principal, interest, charges, costs, fees, expenses or otherwise. Borrower hereby authorizes Bank to file one or more financing or continuation statements, and amendments thereto, in Proper Form relative to all or any part of the Collateral or the Mortgaged Property without the signature of Borrower where permitted by applicable Legal Requirements. If any Event of Default should occur and be continuing, Bank may exercise with respect to the Collateral, in addition to other rights and remedies provided for in this Agreement, in the other Loan Documents or otherwise available to Bank, all the rights and remedies of a secured party under applicable Legal Requirements. Borrower hereby authorizes Bank to withdraw all or any portion of the cash in Borrower's Account from time to time and apply the same in payment of any Debt of Borrower to Bank under the Loan Documents.
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Assignment and Security Agreement. The Borrower shall cause the Master Tenant and Operator to notify Lender in writing of any name change or any change in its place of incorporation. The Borrower agrees that the Lender shall have the right to remove the Master Tenant and the Operator at any time: (i) upon the occurrence of an Event of Default under (and as defined in) the Operating Lease or Sub-Lease and (ii) upon the occurrence of an “Event of Default” under (and as defined in) any Subordination, Assignment and Security Agreement.
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Assignment and Security Agreement. 3 Assignments ............................................. 3
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Assignment and Security Agreement 
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Related to Assignment and Security Agreement

  • Guaranty and Security Agreement The security interest granted pursuant to this [Copyright] [Patent] [Trademark] Security Agreement is granted in conjunction with the security interest granted to Agent pursuant to the Guaranty and Security Agreement and each Grantor hereby acknowledges and agrees that the rights and remedies of Agent with respect to the security interest in the [Copyright] [Patent] [Trademark] Collateral made and granted hereby are more fully set forth in the Guaranty and Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein.

  • Loan and Security Agreement Performance of all obligations of Borrower (as such term is defined in the Loan and Security Agreement, and hereafter used with such meaning) under the terms of the Loan and Security Agreement, any of the Guaranty Agreements or Security Documents referred to in the Loan and Security Agreement, and any other loan agreement, tri-party financing agreement or other agreement between Grantor and Beneficiary, GNI and any other parties pertaining to the use of the proceeds of the Notes."

  • Pledge and Security Agreement The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the Security Agent for the Secured Parties pursuant to the Pledge and Security Agreement, and the Grantors hereby acknowledge and affirm that the rights and remedies of the Security Agent with respect to the security interest in the Copyright Collateral made and granted hereby are more fully set forth in the Pledge and Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the Pledge and Security Agreement, the provisions of the Pledge and Security Agreement shall control.

  • Amendments to the Loan and Security Agreement (a) The Loan and Security Agreement shall be amended as follows effective as of the Amendment Effective Date:

  • Security Agreement The words "Security Agreement" mean and include without limitation any agreements, promises, covenants, arrangements, understandings or other agreements, whether created by law, contract, or otherwise, evidencing, governing, representing, or creating a Security Interest.

  • Amendment to Security Agreement The Security Agreement is hereby amended as follows:

  • Security Agreement and Fixture Filing (a) This Mortgage is both a real property mortgage and a "security agreement" within the meaning of the Uniform Commercial Code. The Mortgaged Property includes both real and personal property and all other rights and interests, whether tangible or intangible in nature, of Mortgagor in the Mortgaged Property. Mortgagor by executing and delivering this Mortgage has granted and hereby grants to Mortgagee, as security for the Obligations, a security interest in the Mortgaged Property to the full extent that the Mortgaged Property may be subject to the Uniform Commercial Code (said portion of the Mortgaged Property so subject to the Uniform Commercial Code being called in this paragraph 27 the "UCC Collateral"). If an Event of Default shall occur, Mortgagee, in addition to any other rights and remedies which it may have, shall have and may exercise immediately and without demand, any and all rights and remedies granted to a secured party upon default under the Uniform Commercial Code, including, without limiting the generality of the foregoing, the right to take possession of the UCC Collateral or any part thereof, and to take such other measures as Mortgagee may deem necessary for the care, protection and preservation of the UCC Collateral. Upon request or demand of Mortgagee, Mortgagor shall at its expense assemble the UCC Collateral and make it available to Mortgagee at a convenient place acceptable to Mortgagee. Mortgagor shall pay to Mortgagee on demand any and all expenses, including legal expenses and attorneys' fees, incurred or paid by Mortgagee in protecting the interest in the UCC Collateral and in enforcing the rights hereunder with respect to the UCC Collateral. Any notice of sale, disposition or other intended action by Mortgagee with respect to the UCC Collateral sent to Mortgagor in accordance with the provisions hereof at least ten (10) days prior to such action, shall constitute commercially reasonable notice to Mortgagor. The proceeds of any disposition of the UCC Collateral, or any part thereof, may be applied by Mortgagee to the payment of the Obligations in such priority and proportions as Mortgagee in its discretion shall deem proper.

  • Trademark Security Agreement The Trademark Collateral Security and Pledge Agreement, dated or to be dated on or prior to the Closing Date, between the Borrower and the Collateral Agent and in form and substance satisfactory to the Banks, the Collateral Agent and the Agents.

  • Amendments to Security Agreement The Security Agreement is hereby amended as follows:

  • Guarantee and Security Agreement The Guarantee and Security Agreement, duly executed and delivered by each of the parties to the Guarantee and Security Agreement.

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