Collateral and Obligations. In order to secure the Obligations, Borrower hereby grants to Administrative Agent for the benefit of the Secured Parties, to the extent permitted by law and subject to the terms and conditions of this Security Agreement and the Operating Agreement, a first priority security interest (except to the extent of Permitted Liens) and lien in and to the following (the “Collateral”):
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Samples: Credit Agreement (TCW Direct Lending VII LLC), Credit Agreement (TCW Direct Lending LLC), Credit Agreement (TCW Direct Lending LLC)
Collateral and Obligations. In order to secure the Notes and the Obligations, Borrower and Managing Member hereby grants grant to Administrative Agent for the benefit of the Secured Parties, to the extent permitted by law law, and subject to the terms and conditions of this Security Agreement and the Operating Agreement, a first priority security interest (except to the extent of Permitted Liens) and lien Lien in and to all of their respective rights in the following (the “"Collateral”"):
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