Blanket Security Interest Sample Clauses

Blanket Security Interest. If the Collateral is identified a Blanket Security Interest, Owner acknowledges and agrees that this Security Agreement and any financing statement filed in connection with this Security Agreement is intended to cover and does cover all assets of the Owner, wherever located, whether now owned or subsequently acquired or arising and all proceeds and products thereof and includes, but is not limited to all of the Owner’s:
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Blanket Security Interest. The Obligations shall be and are hereby secured by a blanket perfected first in priority security interest (subject only to Permitted Liens) in favor of the Agent for the benefit of each of the Lenders on all of the assets of Calton, Inc. and each entity compxxxxxx the Borrower and each Borrower Subsidiary including, without limitation, the Mortgaged Properties, all Receivables and other rights of the Borrower and any Borrower Subsidiary to receive payments and proceeds with respect to any part of the Mortgaged Properties, all cash of the Borrower, the Borrower Subsidiaries including that received from the operation of their businesses and properties (but subject to the rights of a creditor pursuant to a Permitted Lien under Section 10.2), all rights of the Borrower and the Borrower Subsidiaries under any mortgage, deed of trust or other security documents executed in connection with the sale of any assets subject to the Mortgages or other Loan Documents, all trademarks and other intangible rights (including, without limitation, the rights of the Borrower or the Borrower Subsidiaries to the names Calton, Calton, Inc. and Calton Homes, Inc. and any other xxxxxxame owned or used by the Borrower or the Borrower Subsidiaries, trademark or service mark derived therefrom) and all rxxxxsentations, warranties, covenants and indemnities in favor of Borrower and the Borrower Subsidiaries pursuant to the terms of the Security and Pledge Agreements, the Guaranty, those certain Collateral Assignments of Leases and Rents executed by the Borrower and the Borrower Subsidiaries in favor of the Agent, dated as of the Closing Date, those certain Collateral Assignments of Agreements, executed by the Borrower and the Borrower Subsidiaries, in favor of the Agent, dated as of the Closing Date ("Assignments of Agreements"), Indemnity Agreement as to Hazardous Materials by the Borrower and the Borrower Subsidiaries in favor of the Agent, Collateral Assignment of Loan Documents, and, with respect to all Real Estate, pursuant to the terms of the Mortgages. The Obligations shall also be secured by (i) a perfected first priority security interest in the shares of the capital stock of the two entities comprising the Borrower and the Borrower Subsidiaries pursuant to the terms of the Pledge Agreement and the Calton Pledge Agreement and (ii)
Sample 1
Blanket Security Interest. To secure the Obligations ------------------------- upon the occurrence of a Security Event, each Borrower (a) shall execute and deliver to the Lender, on the Effective Date, a Security Agreement which grants to the Lender, its successors and assigns, a first priority security interest in the Collateral, and (b) shall execute and deliver to the Lender, on the Effective Date, an Intellectual Property Assignment to grant to the Lender, its successors and assigns, a first priority security interest in all Intellectual Property now owned or hereafter acquired by each Borrower. The security interests created thereby shall attach to the Collateral and become effective upon the occurrence of a Security Event.
Sample 1
Blanket Security Interest. Owner acknowledges and agrees that this Security Agreement and any financing statement filed in connection with this Security Agreement is intended to cover and does cover all assets of the Owner, wherever located, whether now owned or subsequently acquired or arising, and all proceeds and products thereof and includes, but is not limited to all of the Owner's (a) Accounts, insurance refund claims and all other insurance claims and proceeds, tax refund claims, license fees. rents, contract rights, Instruments, certificates of deposit, documents, tangible chattel paper, electronic chattel paper, promissory notes, drafts, acceptances and other forms of obligations and receivables, whether or not earned by performance; (b) Inventory; (c) Equipment; (d) General Intangibles; (e) Demand, time, savings, passbook and other deposit accounts of the Owner with all banks, credit unions, savings and loan associations and other financial institutions which are now owned or hereafter acquired by the Owner or in which the Owner now has or hereafter acquires any right, title or interest (Deposit Accounts); and (f) Commercial tort claims, letter of credit rights, awards and other payments in respect of any taking and all insurance proceeds in respect of any of the foregoing, and all monies and claims for money due and to become due to Owner under all its Accounts, contract rights, leases and General Intangibles, all investment property and financial assets, all as said terms are defined in the Uniform Commercial Code.
Sample 1

Related to Blanket Security Interest

  • Valid Security Interest This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of the Issuer, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and purchasers from the Depositor.

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

  • First Priority Security Interest The Administrative Agent, for the benefit of the Lenders, has a first priority perfected security interest in the collateral pledged by the Borrower pursuant to the Security Agreement.

  • Perfected Security Interest On the Closing Date, after giving effect to the filing of the FAA Filed Documents and the Financing Statements, Mortgagee shall have received a duly perfected first priority security interest in all of Owner's right, title and interest in the Aircraft, subject only to Permitted Liens.

  • Collateral; Security Interest (a) Pursuant to the Custodial Agreement, the Custodian shall hold the Mortgage Loan Documents as exclusive bailee and agent for the Lender pursuant to terms of the Custodial Agreement and shall deliver to the Lender Trust Receipts (as defined in the Custodial Agreement) each to the effect that it has reviewed such Mortgage Loan Documents in the manner and to the extent required by the Custodial Agreement and identifying any deficiencies in such Mortgage Loan Documents as so reviewed.

  • Security Interest/Priority This Security Agreement creates a valid security interest in favor of the Agent, for the benefit of the Lenders, in the Collateral of such Obligor and, when properly perfected by filing, shall constitute a valid perfected security interest in such Collateral, to the extent such security can be perfected by filing under the UCC, free and clear of all Liens except for Permitted Liens.

  • Perfected Security Interests The Collateral Documents, taken as a whole, are effective to create in favor of the Collateral Trustee, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in all of the Collateral to the extent purported to be created thereby, subject as to enforceability to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. With respect to the Collateral as of the Closing Date, at such time as (a) financing statements in appropriate form are filed in the appropriate offices (and the appropriate fees are paid) and (b) the execution of the Account Control Agreements, the Collateral Trustee, for the benefit of the Secured Parties, shall have a first priority perfected security interest and/or mortgage (or comparable Lien) in all of such Collateral to the extent that the Liens on such Collateral may be perfected upon the filings, registrations or recordations or upon the taking of the actions described in clauses (a) and (b) above, subject in each case only to Permitted Liens, and such security interest is entitled to the benefits, rights and protections afforded under the Collateral Documents applicable thereto (subject to the qualification set forth in the first sentence of this Section 3.15).

  • Valid Transfer and Security Interest This Agreement constitutes a grant of a security interest in all of the Collateral Portfolio to the Trustee, for the benefit of the Secured Parties, which upon the delivery of the Required Loan Documents to the Collateral Custodian, the crediting of Loan Assets to the Controlled Accounts and the filing of the financing statements, shall be a valid and first priority perfected security interest in the Loan Assets forming a part of the Collateral Portfolio and in that portion of the Loan Assets in which a security interest may be perfected by filing subject only to Permitted Liens. Neither the Borrower nor any Person claiming through or under Borrower shall have any claim to or interest in the Controlled Accounts and, if this Agreement constitutes the grant of a security interest in such property, except for the interest of the Borrower in such property as a debtor for purposes of the UCC.

  • No Pledge or Security Interest The purpose of the Company’s retention of Executive’s certificates in respect of Unvested Shares and executed security powers is solely to facilitate the repurchase provisions set forth in Section 3 herein and does not constitute a pledge by Executive of, or the granting of a security interest in, the underlying equity.

  • Pledge and Security Interest Each Pledgor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Pledgees, and grants to the Pledgees a continuing first priority security interest in, a first lien upon and a right of set-off against, all of its respective rights, titles and interests of whatsoever kind and nature in (the “Security Interest”), and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the obligations pursuant to the Notes, the following (collectively, the “Pledged Collateral”):

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