Consent to Grant of Security Interest Sample Clauses

Consent to Grant of Security Interest. Notwithstanding anything to the contrary contained in the License Agreement, Licensor hereby consents to the grant by the Loan Parties of a security interest in all right, title and interest of such Loan Party in, to and under the License Agreement to secure its obligations (present and future) under the Credit Agreement. It is agreed that, as between Licensor and the Lenders, the exercise of the rights and remedies of the Lenders as secured parties with respect to the License Agreement shall be subject to the provisions of this Comfort Letter, notwithstanding anything to the contrary contained in the relevant security agreements or the uniform commercial code.
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Consent to Grant of Security Interest. Depomed does hereby consent to the granting of a security interest in this Amendment in favor of any Fortress Credit Corp. pursuant to that certain Loan Agreement, dated as of March 9, 2006, among Esprit, Fortress Credit Corp. and the lenders identified therein. Depomed agrees to execute such other documentation may be reasonably requested by Fortress Credit Corp. to evidence such consent.
Sample 1
Consent to Grant of Security Interest. Counterparty is hereby notified of, and, notwithstanding Section 7, irrevocably gives its consent to, the grant by CLNY to the Collateral Trustee, for the benefit of CLFG, the Financial Insurer, the Collateral Trustee, the Independent Verifier and such other entities as may become a party to or a beneficiary of the Security Agreement, of prior perfected security interests in (i) the amount payable by Counterparty or, if Counterparty elects assignment, the Assignment Reference Market-maker on Counterparty's behalf, upon termination or assignment of the Transactions following a Program Event and (ii) all other rights of CLNY hereunder and under any Credit Support Document against Counterparty and, as the case may be, an Assignment Reference Market-maker on Counterparty's behalf. Such grant first supports the obligations of CLFG under the CLFG Guarantee and similar obligations to other counterparties under the Program. The Collateral Trustee may exercise any right or remedy of CLNY under this Agreement after a Program Event, and Counterparty shall, upon receipt of notice from CLNY or the Collateral Trustee, pay all amounts payable under this Agreement to the Collateral Trustee directly.
Sample 1
Consent to Grant of Security Interest. SBLFC consents to the granting by the Borrower to BDC of a security interest in and to all the Collateral and the proceeds thereof, as security for the BDC Term Loan. BDC consents to the granting by the Borrower to SBLFC of a security interest in and to all the Collateral and the proceeds thereof, as security for the SBLFC Loan.
Sample 1
Consent to Grant of Security Interest. Depomed does hereby consent to the granting of a security interest in this Agreement in favor of any Fortress Credit Corp. pursuant to that certain Loan Agreement, dated as of March 9, 2006, among Esprit, Fortress Credit Corp. and the lenders identified therein. Depomed agrees to execute such other documentation may be reasonably requested by Fortress Credit Corp. to evidence such security interest. Wherefore the parties have caused this Agreement to be executed and delivered by their undersigned duly authorized representatives. DEPOMED, INC. ESPRIT PHARMA, INC. By: /s/ Cxxx X. Xxxxxx By: /s/ Sxxxxx X. Xxxxxxx Name: Cxxx X. Xxxxxx Name: Sxxxxx X. Xxxxxxx Title: Executive Vice President & COO Title: VP, General Counsel & Assistant Secretary Schedule 1.6 Per Detail Amount Number of complete months following the Promotion Commencement Date Per Detail Amount *** ***
Sample 1
Consent to Grant of Security Interest. NOVAVAX does hereby consent to the granting of a security interest in this Agreement and the Supply Agreement dated as of the date hereof, in favor of any secured lender designated by ESPRIT. Moreover NOVAVAX agrees to execute whatever other documentation may be reasonably required in connection with such consent. Novavax Esprit License and Development Agreement — Execution Copy
Sample 1
Consent to Grant of Security Interest. The Seller hereby acknowledges that pursuant to the terms of the Trust Indenture the Trust has granted a security interest in favour of the Indenture Trustee in the Trust’s rights under this Agreement as security for its obligations in favour of the Indebtedness Holders and any Additional Creditor contained in the Trust Indenture and related Supplements. The Seller hereby consents to the grant by the Trust of such security interest, acknowledges that it has received notice thereof, and agrees that upon the occurrence of an event entitling the Indenture Trustee to enforce its security interest, this Agreement may be enforced by the Indenture Trustee, in the place and stead and with all the rights of the Trust, against the Seller.
Sample 1
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Related to Consent to Grant of Security Interest

  • Grant of Security Interest All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The Borrower, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuer and the Lenders (including the Swing Line Lender), and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.14(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

  • Pledge; Grant of Security Interest As collateral security for the payment and performance in full of all the Secured Obligations, each Grantor hereby pledges and grants to the Agent for its benefit and for the benefit of the other Credit Parties, a Lien on and security interest in and to all of the right, title and interest of such Grantor in, to and under all personal property and interests in such personal property, wherever located, and whether now existing or hereafter arising or acquired from time to time (collectively, the “Collateral”), including, without limitation:

  • Grant of Security Interests In addition to the other rights provided in this Section 9.9, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the Loans), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board), without notice to Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, by notice to Agent; provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause (b) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder.

  • Assignment of Security Interest If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

  • Assignment and Grant of Security Interest As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of all the Obligations and in order to induce the Lenders to make Loans in accordance with the terms of the Credit Agreement, the Pledgor hereby pledges and grants to the Administrative Agent (for the benefit of the Lenders), a first priority Lien on and security interest in and to, and agrees and acknowledges that Administrative Agent has and shall continue to have, a security interest in and to, and assigns, transfers, pledges and conveys to Administrative Agent (for the benefit of the Lenders) all of Pledgor's right, title, and interest in and to the Collateral.

  • Xxxxx of Security Interest The Trust hereby pledges to and grants the Custodian a security interest in the assets of any Fund to secure the payment of any liabilities of the Fund to the Custodian for money borrowed from the Custodian. This pledge is in addition to any other pledge of collateral by the Trust to the Custodian.

  • Reaffirmation of Security Interest The Borrower hereby reaffirms as of the date hereof each and every security interest and Lien granted in favor of the Security Agent and the Banks under the Loan Documents, and agrees and acknowledges that such security interests and Liens shall continue from and after the date hereof and shall remain in full force and effect from and after the date hereof, in each case after giving effect to the Credit Agreement as amended by this Amendment, and the Obligations secured thereby and thereunder shall include the Borrower’s obligations under the Credit Agreement as amended by this Amendment. Each such reaffirmed security interest and Lien remains and shall continue to remain in full force and effect and is hereby in all respects ratified and confirmed.

  • Pledge and Grant of Security Interest To secure the prompt payment and performance in full when due, whether by lapse of time or otherwise, of the Pledgor Obligations (as defined in Section 3 hereof), each Pledgor hereby pledges and assigns to the Agent, for the benefit of the Lenders, and grants to the Agent, for the benefit of the Lenders, a continuing security interest in any and all right, title and interest of such Pledgor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Pledged Collateral"):

  • Grant of Security Interest in the Collateral To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):

  • Release of Security Interest The financial institution named below hereby relinquishes any and all right, title, interest, lien or claim of any kind it may have in all mortgage loans described on the attached Schedule A (the “Mortgage Loans”) to be purchased by Xxxxxx Xxxxxxx Mortgage Capital Inc. from the company named on the next page pursuant to that certain Second Amended and Restated Mortgage Loan Sale and Servicing Agreement, dated as of July 1, 2006 and certifies that all notes, mortgages, assignments and other documents in its possession relating to such Mortgage Loans have been delivered and released to the Company or its designees, as of the date and time of the sale of such Mortgage Loans to Xxxxxx Xxxxxxx Mortgage Capital Inc. Such release shall be effective automatically without any further action by any party upon payment in one or more installments, in immediately available funds, of $_____________, in accordance with the wire instructions set forth below. Name, Address and Wire Instructions of Financial Institution ________________________________ (Name) ________________________________ (Address) ________________________________ ________________________________ ________________________________ By:_____________________________

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