Collateral; Grant of Security Interest. Each Grantor hereby grants to the Control Co-Collateral Agent, for the ratable benefit of the Credit Parties, a security interest in, all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Obligations:
Appears in 8 contracts
Samples: Security Agreement (Sears Holdings Corp), Guarantee and Collateral Agreement, Guarantee and Collateral Agreement (Sears Holdings Corp)
Collateral; Grant of Security Interest. Each Grantor hereby grants to the Control Co-Collateral Agent, Agent for the equal and ratable benefit of the Credit Parties, Secured Parties a security interest in, in all of the following property now owned owned, or at any time hereafter acquired acquired, by such Grantor or in which such Grantor now has has, or at any time in the future may acquire acquire, any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Secured Obligations:
Appears in 3 contracts
Samples: Security Agreement, Security Agreement (Sears Holdings Corp), Security Agreement (Sears Holdings Corp)
Collateral; Grant of Security Interest. Each Grantor hereby grants to the Control Co-Collateral Agent, for the ratable benefit of the Credit PartiesLenders, a security interest in, all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Obligations:
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Sears Holdings CORP)
Collateral; Grant of Security Interest. Each Grantor hereby grants to the Control Co-Collateral Agent, for the ratable benefit of the Credit Parties, a security interest in, all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Obligations:Obligations:(a) all Credit Card Accounts Receivable;
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Sears Holdings Corp)
Collateral; Grant of Security Interest. Each Grantor hereby grants to the Control Co-Collateral Agent, for the ratable benefit of the Credit Parties, a security interest in, all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor’s Obligations:
Appears in 1 contract
