Common use of Attachment of Security Interest Clause in Contracts

Attachment of Security Interest. The Grantors and the Secured Parties hereby acknowledge that (a) value has been given; (b) each Grantor has rights in the Collateral in which it has granted a security interest; (c) this Agreement constitutes a security agreement as that term is defined in the PPSA; and (d) the security interest attaches upon the execution of this Agreement (or in the case of any after-acquired property, at the time of acquisition thereof).

Appears in 3 contracts

Samples: Canadian Collateral Agreement (Thompson Creek Metals CO Inc.), Guarantee and Collateral Agreement (Dealertrack Technologies, Inc), Canadian Guarantee and Collateral Agreement (Thompson Creek Metals CO Inc.)

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Attachment of Security Interest. The Grantors Each Grantor and the Secured Parties hereby acknowledge that (a) value has been given; (b) each Grantor has rights in the Collateral in which it has granted a security interest; (c) this Security Agreement constitutes a security agreement as that term is defined in the PPSA; and (d) the security interest attaches upon the execution of this Security Agreement (or in the case of any after-acquired property, at the time of acquisition thereof).

Appears in 2 contracts

Samples: Credit Agreement (Sprague Resources LP), Security Agreement

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Attachment of Security Interest. The Grantors and the Secured Parties hereby acknowledge that (a) value has been given; (bgiven;(b) each Grantor has rights in the Collateral in which it has granted a security interest; (c) this Agreement constitutes a security agreement as that term is defined in the PPSA; and (d) the security interest attaches upon the execution of this Agreement (or in the case of any after-acquired property, at the time of acquisition thereof).

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Thermon Group Holdings, Inc.)

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