Company Security Documents. All of the obligations of the Company under the Transaction Documents to or for the benefit of the Lenders (or their agents and representatives) shall be secured by the following items (collectively, the “Company Collateral”), each of which shall be senior and superior to all other liens: (a) a lien on all the personal property and assets of the Company now existing or hereinafter acquired granted pursuant to the Company General Security Agreement, including, without limitation, a lien on and security interest in all of the issued and outstanding shares of common stock of the Guarantors pursuant to a separate Stock Pledge Agreement; and (b) collateral assignments of all leases, contracts, patents, copyrights, trademarks and service marks of the Company.
Appears in 3 contracts
Samples: Loan Agreement (Acura Pharmaceuticals, Inc), Loan Agreement (Acura Pharmaceuticals, Inc), Loan Agreement (Acura Pharmaceuticals, Inc)
Company Security Documents. All of the obligations of the Company under the Transaction Documents to or for the benefit of the Lenders (or their agents and representatives) shall be secured by the following items (collectively, the “Company Collateral”), each of which shall be senior and superior to all other liens: (a) a lien on all the personal property and assets of the Company now existing or hereinafter acquired granted pursuant to the Company General Security Agreement, including, without limitation, a lien on and security interest in all of the issued and outstanding shares of common stock of the Guarantors Guarantor pursuant to a separate Stock Pledge Agreement; and (b) collateral assignments of all leases, contracts, patents, copyrights, trademarks and service marks of the Company.
Appears in 1 contract