Common use of Grant and Perfection of Security Interest Clause in Contracts

Grant and Perfection of Security Interest. (a) As security for the payment or performance, as the case may be, of the Obligations, the Grantor hereby creates and grants to the Lender, its successors and its assigns, a continuing security interest in, lien upon, and right of setoff against, and hereby assigns to the Lender, all personal property and fixtures and interests of the Grantor, whether now owned or hereafter acquired or existing and wherever located (together with all other collateral security for the Obligations at any time granted to or held or acquired by the Lender), collectively the "Collateral", including, without limitation, all of the Grantor's right, title and interest in the following:

Grant and Perfection of Security Interest. (a) As security for the payment or performance, as the case may be, of the Obligations, the Grantor Borrower hereby creates and grants to the each Lender, its successors and its assigns, a continuing security interest in, lien upon, and right of setoff against, and hereby assigns to the each Lender, all personal property and fixtures and interests of the GrantorBorrower, whether now owned or hereafter acquired or existing and wherever located (together with all other collateral security for the Obligations at any time granted to or held or acquired by the LenderLenders), collectively the "“Collateral"”, including, without limitation, all of the Grantor's Borrower’s right, title and interest in the following: