Common use of CREATION OF SECURITY INTEREST; COLLATERAL Clause in Contracts

CREATION OF SECURITY INTEREST; COLLATERAL. The Borrower hereby assigns and grants to the Lender a lien on and security interest in, all the Borrower's right, title and interest in and to all the following collateral (the "Collateral"), to secure the payment and performance of all the Obligations. The Collateral consists of all equipment set forth on Exhibit D hereto (the "Equipment"), together with all present and future additions, parts, accessories, attachments, substitutions, repairs, improvements and repairs, improvements and replacements thereof or thereto, and any and all proceeds thereof, including, without limitation, proceeds of insurance. Borrower intends that the security interest granted herein shall have first priority over all others.

CREATION OF SECURITY INTEREST; COLLATERAL. The Borrower hereby assigns and grants to the Lender a continuing general, first priority lien on and security interest in, all the Borrower's right, title and interest in and to all the following collateral described in the next sentence (the "Collateral"), ) to secure the payment and performance of all the Obligations. The Collateral consists of all equipment set forth on Exhibit D Schedule A hereto (the "Equipment"), together with all present and future additions, parts, accessories, attachments, substitutions, repairs, improvements and repairs, improvements and replacements thereof or thereto, and any and all proceeds thereof, including, without limitation, proceeds of insurance. Borrower intends that the security interest granted herein shall have first priority over all others.

CREATION OF SECURITY INTEREST; COLLATERAL. (1) The Borrower Guarantor hereby assigns and grants to the Lender a continuing general, first priority lien on and security interest in, all the BorrowerGuarantor's right, title and interest in and to all the following collateral (the "Collateral"), to secure the payment and performance of all the Obligations. The Collateral consists of all equipment set forth on Exhibit D Schedule A hereto (the "Equipment"), together with all present and future additions, parts, accessories, attachments, substitutions, repairs, improvements and repairs, improvements and replacements thereof or thereto, and any and all proceeds thereof, including, without limitation, proceeds of insurance. Borrower intends that the security interest granted herein shall have first priority over all others.