Creation of Security Interest in Collateral. A. As collateral security for any and all Advances and other indebtedness, the Member hereby assigns, transfers, pledges and grants a security interest to the Bank, its successors or assigns all of the following (collectively, the “Collateral”):
Creation of Security Interest in Collateral. Without limiting any Liens and security interests granted pursuant to the Original Loan Agreement (which are hereby continued and renewed and shall remain in full force and effect in order to secure prompt payment and performance by each Borrower of all its Obligations (other than subsection (c) of the definition of Collateral which granting shall be governed by such other applicable security document)), each Borrower hereby irrevocably and unconditionally grants, transfers, pledges, collaterally assigns, hypothecates, sets over and conveys to Agent, for the benefit of Agent and Lenders, a first-priority continuing Lien and security interest in all of its right, title, and interest in, to and under all of the Collateral (except with respect to subsection (c) of the definition of Collateral to the extent that granting occurs pursuant to another security agreement or similar document), whether presently existing or hereafter acquired or arising, in order to secure prompt payment and performance by each Borrower of all its Obligations (other than subsection (c) of the definition of Collateral which granting shall be governed by such other applicable security document). With respect to Collateral that consists of Master Collection Accounts (as defined in the Intercreditor Agreement), Regional, the other Borrowers, the Special Purpose Subsidiaries and the other Grantors (as defined in the Security Agreement), pursuant to the Security Agreement shall grant a security interest in such Master Collection Accounts to Collateral Agent. The rights and remedies of the Collateral Agent, the Agent, each Permitted Facility Agent party thereto, and any additional Permitted Facility Agents shall be governed by the provisions of the Intercreditor Agreement. In no event shall the grant of any Lien under any Loan Document secure an Excluded Swap Obligation of the granting obligor.
Creation of Security Interest in Collateral. Each Borrower hereby irrevocably and unconditionally grants, transfers, and assigns to Agent, for the benefit of Agent and Lenders, all its right, title, and interest in all the Collateral, whether presently existing or hereafter acquired or arising, in order to secure prompt payment and performance by each Borrower of all its Obligations. Agent’s title and security interest in the Collateral shall attach to all the Collateral without further act by Agent or Borrowers. In the event any Collateral, including proceeds, is evidenced by or consists of Instruments, Borrowers shall, upon the request of Agent, endorse, assign, and deliver to Agent such Instruments.
Creation of Security Interest in Collateral. As collateral security for any and all such Advances, Member assigns, transfers, pledges, and grants a security interest to the Bank, its successors or assigns, in all Mortgage Collateral, Securities Collateral, Deposits and other collateral (as described in the Member Policies and Procedures and referred to herein collectively as "Collateral") now or hereafter acquired by the Member, and all proceeds thereof; provided, however, that the Member may freely dispose of Collateral that is not used to satisfy its collateral maintenance level as set forth below in B. With respect to the Collateral, Member undertakes and agrees as follows:
Creation of Security Interest in Collateral. As collateral security for any and all such Advances, Member assigns, transfers, and pledges to the Bank, its successors or assigns, property of Member as described in Exhibit A (the “Collateral”), which may be amended from time to time. With respect to such Collateral, Member undertakes and agrees as follows:
Creation of Security Interest in Collateral. Borrower hereby irrevocably and unconditionally grants, transfers, and assigns to Lender a security interest in all the Collateral and in all of Borrower's rights therein, whether presently existing or hereafter acquired or arising, in order to secure prompt payment of the Loan and payment and the performance by Borrower of all its other Obligations under this Agreement. Lender's security interest in the Collateral shall attach to all the Collateral without further act by Lender or Borrower. In the event any Collateral is evidenced by or consists of
Creation of Security Interest in Collateral. Borrower hereby ------------------------------------------- irrevocably and unconditionally grants Lender a continuing security interest in all the Collateral and in all of Borrower's rights therein, whether presently existing or hereafter acquired or arising, in order to secure prompt payment of the Loan and the payment and performance by Borrower of all its other Obligations. Lender's security interest in the Collateral shall attach to all the Collateral without further act by Lender or Borrower. In the event any Contract is evidenced by or consists of Instruments, Borrower shall immediately, upon receipt thereof, endorse or assign (as appropriate), and deliver to Lender such Instruments.
Creation of Security Interest in Collateral. The Maker hereby grants a continuing security interest to the Holder in and into the following property, whether now existing or owned, or hereafter arising or acquired, wherever the same may be now or hereafter located (all of such property specified in clauses (a), (b) and (c) being hereinafter collectively referred to as the “Collateral”):
Creation of Security Interest in Collateral. Each Borrower hereby irrevocably and unconditionally grants, transfers, and assigns to Agent all its right, title, and interest in all the Collateral, whether presently existing or hereafter acquired or arising, in order to secure prompt payment and performance by each Borrower of all its Obligations. Agent’s title and security interest in the Collateral shall attach to all the Collateral without further act by Agent or Borrowers. In the event any Collateral, including proceeds, is evidenced by or consists of Instruments, Borrowers shall, upon the request of Agent and subject to the prior rights of the Senior Lenders, endorse, assign, and deliver to Agent such Instruments.
Creation of Security Interest in Collateral. As security for any and all obligations under the AgVantage Bonds issued pursuant to the Bond Purchase Agreement and any other amounts that are due hereunder or thereunder from the Grantor to the holders of AgVantage Bonds, the Grantor hereby assigns, transfers, pledges, and grants to the Collateral Agent for the benefit of the Control Party a security interest in and continuing lien on, subject to the terms of this Agreement, all of the Grantor’s right, remedy, title and interest in and to the Collateral (the “Security Interest”). The Grantor authorizes the Purchaser to undertake any and all action to perfect the Security Interest created hereby, including, without limitation, filing a UCC financing statement in form and substance, and in each jurisdiction, necessary to perfect the Security Interest, and the Grantor waives any right of objection to any of the Collateral Agent (at the written direction of the Control Party), the Purchaser, or the Control Party undertaking such action or actions hereunder. The Grantor shall, not later than three (3) Business Days after either the issuance of each AgVantage Bond under the Bond Purchase Agreement, or, so long as the AgVantage Bond Balance exceeds $0, upon substitution or modification of any of the Collateral, (A) deliver to the Collateral Agent, and the Collateral Agent, on behalf of the Control Party, shall hold, the Mortgage Documents and (B) to the extent that the Collateral contains Qualified Substitute Collateral or other cash assets, deliver a fully-signed copy of the Securities Account Control Agreement to the Collateral Agent. Notwithstanding the foregoing, in the event that a recorded copy of any document or instrument is not yet available from the applicable recorder or register within such time frame, Grantor shall deliver an unrecorded copy to Collateral Agent, and Grantor shall subsequently deliver a recorded copy to Collateral Agent within three (3) Business Days after Grantor’s receipt of the same. Upon occurrence of an Event of Default, the Collateral Agent, on behalf of the Control Party, shall have the right (in its sole and absolute discretion), to the extent a register is maintained therefor, to register the Collateral in the Collateral Agent’s own name as pledgee, or in the name of the Collateral Agent’s nominee (as pledgee or as sub-agent) or to continue to hold the Collateral in the name of the Grantor, endorsed or assigned in blank or in favor of the Collateral Agent. Upon cessation of...
