Common use of Continuing Liability Under Collateral Clause in Contracts

Continuing Liability Under Collateral. (a) Each Grantor hereby assigns and transfers to the Administrative Agent, and hereby grants to the Administrative Agent, for the ratable benefit of the Secured Parties, a security interest in all of the personal property of such Grantor, including the following property, in each case, wherever located and 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 3 contracts

Samples: And Collateral Agreement (Generac Holdings Inc.), Assumption Agreement (Generac Holdings Inc.), First Lien Guarantee and Collateral Agreement (Generac Holdings Inc.)

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Continuing Liability Under Collateral. (a) Each Grantor hereby assigns and transfers to the Administrative Collateral Agent, and hereby grants to the Administrative Collateral Agent, for its benefit and for the ratable benefit of the other Secured Parties, a security interest in all of the personal property of such Grantor, including the following property, in each case, wherever located and 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 2 contracts

Samples: Assumption Agreement (Generac Holdings Inc.), Second Lien Guarantee and Collateral Agreement (Generac Holdings Inc.)

Continuing Liability Under Collateral. (a) Each Grantor hereby assigns and transfers to the Administrative Agent, and hereby grants to the Administrative Agent, for the ratable benefit of the Secured PartiesLenders, a security interest in in, all of the following personal property of such Grantorproperty, including the following propertywherever located, in each case, wherever located and now directly owned or at any time hereafter directly acquired and owned by such Grantor or in which such Grantor now has directly holds or at any time in the future may acquire directly acquires and holds any right, title or interest (collectively, the “Collateral”), in each case, 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 the Obligations:

Appears in 2 contracts

Samples: Security Agreement (Enbridge Energy Partners Lp), Security Agreement (Midcoast Energy Partners, L.P.)

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Continuing Liability Under Collateral. (a) Each Grantor hereby assigns and transfers to the Administrative Agent, and hereby grants to the Administrative Agent, for the ratable benefit of the Secured Parties, a security interest in in, all of the personal property of such Grantor, including including, without limitation, the following property, in each case, wherever located and 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: Credit Agreement (Post Holdings, Inc.)

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