Common use of Borrower’s Grant of Security Interest Clause in Contracts

Borrower’s Grant of Security Interest. To secure the prompt and complete payment, performance and observance of all Borrower Obligations, and to induce each of the Lenders to enter into this Loan Agreement and perform the obligations required to be performed by it hereunder in accordance with the terms and conditions thereof, the Borrower hereby grants, assigns, conveys, pledges, hypothecates and transfers to each of the Lenders a Lien upon all of its right, title and interest in, to and under the following property, whether now owned by or owing to, or hereafter acquired by or arising in favor of, the Borrower (including under any trade names, styles or derivations of the Borrower), and regardless of where located (all of which being hereinafter collectively referred to as the "Borrower Collateral"): (a) all Accounts; (b) all Chattel Paper; (c) all Contracts; (d) all Documents; (e) all Equipment; (f) all Fixtures; (g) all General Intangibles; (h) all goods; (i) all Instruments; (j) all Inventory; (k) all Investment Property; (l) all Deposit Accounts, Securities Accounts and other deposit and bank accounts and all deposits therein; (m) all money, cash or cash equivalents of the Borrower; and (n) to the extent not otherwise included, all proceeds and products of the foregoing and all accessions to, substitutions and replacements for, and rents and profits of, each of the foregoing.