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

Assignment, Pledge and Grant of Security Interest. (a) To secure the timely payment and performance of the Obligations (as defined below), Assignor does hereby assign and pledge to the Agent for the benefit of the Secured Parties and grant to the Agent for the benefit of the Secured Parties a security interest in all the estate, right, title and interest of Assignor, now owned or hereafter acquired, in, to and under any and all of the following (the "Collateral"):

Assignment, Pledge and Grant of Security Interest. (a) To secure the timely payment and performance of the Obligations (as defined below), Assignor does hereby assign and pledge to the Agent for the benefit of the Secured Parties and grant to the Agent for the benefit of the Secured Parties a security interest in all the estate, right, title and interest of Assignor, now owned or hereafter acquired, in, to and under any and all of the following (subject to the proviso to this Section 2(a), the "Collateral"):