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

Assignment, Pledge and Grant of Security Interest. To secure the timely payment and performance of the Obligations (as defined in Section 3 hereof), except as provided in Section 2.5, Borrower does hereby assign, grant and pledge to, and subject to a security interest in favor of, Administrative Agent, on behalf of and for the benefit of Administrative Agent and the Banks, all the estate, right, title and interest of Borrower, whether now owned or hereafter acquired, in, to and under:

Assignment, Pledge and Grant of Security Interest. To secure the timely payment and performance of the Obligations (as defined in Section 3 hereof), except as provided in Section 2.5, Borrower ) Owner does hereby assign, grant and pledge to, and subject to a security interest in favor of, Administrative Agent, on behalf of and for the benefit of Administrative Agent and the Banks, all the estate, right, title and interest of BorrowerOwner, whether now owned or hereafter acquired, in, to and under: