Common use of Assignment of Security Interest Clause in Contracts

Assignment of Security Interest. If at any time the Grantors shall take a security interest in any property of an Account Debtor or any other Person to secure payment and performance of an Account, the Grantors shall promptly assign such security interest to the Collateral Agent for the benefit of the Secured Parties subject only to Permitted Liens. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other Person granting the security interest.

Assignment of Security Interest. If at any time the Grantors shall take a security interest in any property of an Account Debtor or any other Person to secure payment and performance of an Account, the Grantors shall promptly assign such security interest to the Collateral Agent for the benefit of the Secured Parties Parties, subject only to Permitted Liens. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other Person granting the security interest.

Assignment of Security Interest. If at any time the Grantors Grantor shall take and perfect a security interest in any property of an Account Debtor or any other Person person to secure payment and performance of an Account, the Grantors Grantor shall promptly assign such security interest to the Collateral Agent for the benefit of the Secured Parties subject only to Permitted LiensPurchasers. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other Person person granting the security interest.

Assignment of Security Interest. If at any time the Grantors shall take a security interest in any property of an Account Debtor or any other Person to secure payment and performance of an Account, the Grantors shall promptly assign such security interest to the Note Collateral Agent for the benefit of the Note Secured Parties subject only to Permitted Liens. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other Person granting the security interest.

Assignment of Security Interest. If at any time the Grantors any Grantor shall take a security interest in any property of an Account Debtor or any other Person person to secure payment and performance of an Account, the Grantors such Grantor shall promptly assign such security interest to the Collateral Agent for the benefit of the Secured Parties subject only to Permitted LiensAgent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other Person person granting the security interest. The Borrower hereby assigns to the Collateral Agent the security interest that is created by the Intercompany Security Agreement to secure the payment of Accounts due under the Intercompany Loan Agreement.