Common use of Credit Security Clause in Contracts

Credit Security. As security for the payment and performance of the Credit Obligations, each Obligor party hereto mortgages, pledges and collaterally grants and assigns to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and creates a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of such Obligor's right, title and interest in and to (but none of its obligations or liabilities with respect to) the items and types of present and future property described in Sections 3.1.1 through 3.1.16 (subject, however, to Section 3.1.17), whether now owned or hereafter acquired, all of which shall be included in the term "Credit Security":

Appears in 2 contracts

Samples: Guarantee and Security Agreement (Nextera Enterprises Inc), Guarantee and Security Agreement (Nextera Enterprises Inc)

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Credit Security. As security for the payment and performance of the Credit Obligations, each Obligor party hereto mortgages, pledges and collaterally grants and assigns to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and creates a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of such Obligor's right, title and interest in and to (but none of its obligations or liabilities with respect to) the items and types of present and future property described in Sections 3.1.1 through 3.1.16 3.1.14 (subject, however, to Section 3.1.173.1.15), whether now owned or hereafter acquired, all of which shall be included in the term "Credit SecurityCREDIT SECURITY":

Appears in 1 contract

Samples: Guarantee and Security Agreement (Nextera Enterprises Inc)

Credit Security. As security for the payment and performance of the Credit Obligations, each Obligor party hereto mortgages, pledges and collaterally grants and assigns to the Agent for the benefit of the Lenders Lender and the holders from time to time of any Credit Obligation, and creates a security interest in favor of the Agent for the benefit of the Lenders Lender and such holders in, all of such Obligor's right, title and interest in and to (but none of its obligations or liabilities with respect to) the items and types of present and future property described in Sections 3.1.1 through 3.1.16 3.1.14 (subject, however, to Section 3.1.173.1.15), whether now owned or hereafter acquired, all of which shall be included in the term "Credit SecurityCREDIT SECURITY":

Appears in 1 contract

Samples: Guarantee and Security Agreement (Nextera Enterprises Inc)

Credit Security. As security for the payment and performance of the Credit Obligations, each Obligor party hereto mortgages, pledges and collaterally grants and assigns to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and creates a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of such Obligor's right, title and interest in and to (but none of its obligations or liabilities with respect to) the items and types of present and future property described in Sections 3.1.1 through 3.1.16 3.1.14 (subject, however, to Section 3.1.173.1.15), whether now owned or hereafter acquired, all of which shall be included in the term "Credit Security":

Appears in 1 contract

Samples: Guarantee and Security Agreement (Racing Champions Corp)

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Credit Security. As security for the payment and performance of the Credit Obligations, each Obligor party hereto mortgages, pledges and collaterally grants and assigns to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and creates a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of such Obligor's right, title and interest in and to (but none of its obligations or liabilities with respect to) the items and types of present and future property described in Sections sections 3.1.1 through 3.1.16 3.1.14 (subject, however, to Section 3.1.173.1.15), whether now owned or hereafter acquired, all of which shall be included in the term "Credit Security":

Appears in 1 contract

Samples: Guarantee and Security Agreement (Racing Champions Corp)

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