Common use of Collateral and Obligations Clause in Contracts

Collateral and Obligations. In order to secure all Obligations of Borrower Parties under the Credit Agreement and the other Loan Documents, the Fund hereby pledges, charges, grants and collaterally assigns to the 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, a first priority security interest and lien (subject to Permitted Liens) in, to and under the following, whether now existing or hereafter acquired or arising and wherever located (the “Collateral”): (a) The Fund’s right to make Capital Calls, and all other rights, titles, interests, powers and privileges related to, appurtenant to or arising out of the Fund’s right to require or demand that Investors make Capital Contributions to the capital of the Fund; (b) The Fund’s rights, titles, interests and privileges in and to the Capital Commitments and the Capital Contributions, whether now owned or hereafter acquired; and (c) The Fund’s rights, titles, interests, remedies, and privileges under the Fund Documents relating to Capital Commitments and any other rights of the Fund under the Fund Documents to call for additional Capital Contributions and to receive the same, or the enforcement thereof. The Administrative Agent, in its discretion to the extent it deems necessary to protect its security interest, without in any manner impairing any rights and powers of the Secured Parties hereunder, may, at any time and from time to time, without further consent of or notice to the Fund, with or without valuable consideration file this Security Agreement or a photocopy hereof, or any financing statement with respect hereto (and any amendment, modification, supplement or continuation in respect of any such financing statement).

Collateral and Obligations. In order to secure all Obligations of Borrower Parties under the Credit Agreement Notes and the other Loan DocumentsObligations, the Fund hereby pledges, charges, grants and collaterally assigns to the Administrative Agent, 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, a first priority security interest and lien (subject in and to Permitted Liens) inall of Fund’s right, to title and under the following, interest whether now existing owned or hereafter acquired or arising acquired, in and wherever located to the following (the “Collateral”): (a) The Fund’s right to make Capital CallsCalls to IRI, and all other rights, titles, interests, powers and privileges related to, appurtenant to or arising out of the Fund’s right to require or demand that Investors IRI make Capital Contributions to the capital of the Fund; (b) The Fund’s rights, titles, interests and privileges in and to the Capital Commitments IRI Commitment and the right to receive the Capital ContributionsContributions of IRI and enforce payment thereof, whether now owned or hereafter acquired; and (c) The Fund’s rights, titles, interests, remedies, and privileges under the Fund Governing Documents relating to Capital Commitments the IRI Commitment and any other rights of the Fund under the Fund Governing Documents to call for additional Capital Contributions from IRI and to receive the same, or the enforcement thereof. The Administrative Agent acknowledges that the Collateral does not include an interest in any Shares owned by IRI. Administrative Agent, in its discretion to the extent it deems necessary to protect its security interestdiscretion, without in any manner impairing any rights and powers of the Secured Parties hereunder, may, at any time and from time to time, without further consent of or notice to the Fund, with or without valuable consideration file this Security Agreement or a photocopy hereof, or any financing statement with respect hereto (and any amendment, modification, supplement or continuation in respect of any such financing statement).

Collateral and Obligations. In order to secure all Obligations of Borrower Parties under the Credit Agreement and the other Loan Documents, the Fund hereby pledges, charges, grants and collaterally assigns to the 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, a first priority security interest and lien (subject to Permitted Liens) in, to and under the following, whether now existing or hereafter acquired or arising and wherever located (the “Collateral”): (a) The Fund’s right to make Capital Calls, and all other rights, titles, interests, powers and privileges related to, appurtenant to or arising out of the Fund’s right to require or demand that Investors make Capital Contributions to the capital of the Fund; (b) The Fund’s rights, titles, interests and privileges in and to the Capital Commitments and the Capital Contributions, whether now owned or hereafter acquired; and (c) The Fund’s rights, titles, interests, remedies, and privileges under the Fund Documents relating to Capital Commitments and any other rights of the Fund under the Fund Documents to call for additional Capital Contributions and to receive the same, or the enforcement thereof. The Administrative Agent, in its discretion to the extent it deems necessary to protect its security interest, without in any manner impairing any rights and powers of the Secured Parties hereunder, may, at any time and from time to time, without further consent of or notice to the Fund, with or without valuable consideration file this Security Agreement or a photocopy hereof, or any financing statement with respect hereto (and any amendment, modification, supplement or continuation in respect of any such financing statement). Notwithstanding anything to the contrary, express or implied in any Loan Document or otherwise, for the avoidance of doubt, the term “Collateral” shall additionally not include an interest in any Investor’s equity interest in Fund.