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

Grant and Perfection of Security Interest. 5.1 Grant of Security Interest. To secure payment and performance of all Obligations, each Borrower and Guarantor hereby grants to Agent, for itself and the benefit of Secured Parties, a continuing security interest in, a lien upon, and a right of set off against, and hereby assigns to Agent, for itself and the benefit of Secured Parties, as security, the following items and types of personal property of each Borrower and Guarantor, 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 Agent or any Lender, collectively, the “Collateral”), including all of each Borrower’s and Guarantor’s right, title and interest in and to the following:

Appears in 1 contract

Samples: Loan and Security Agreement (Adc Telecommunications Inc)

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Grant and Perfection of Security Interest. 5.1 1.123. Grant of Security Interest. To secure payment and performance of all Obligations, each Borrower and Guarantor hereby grants to Agent, for itself and the ratable benefit of Secured PartiesLenders, a continuing security interest in, a lien upon, and a right of set off against, and hereby assigns to Agent, for itself and the ratable benefit of Secured PartiesLenders, as security, the following items all personal and types real property and fixtures, and interests in property and fixtures, of personal property of each Borrower and GuarantorBorrower, 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 Agent or any Lender, collectively, the "Collateral”), including all of each Borrower’s and Guarantor’s right, title and interest in and to the following:"):

Appears in 1 contract

Samples: Loan and Security Agreement (Franks Nursery & Crafts Inc)

Grant and Perfection of Security Interest. 5.1 Grant of Security InterestGRANT OF SECURITY INTEREST. To secure payment and performance of all Obligations, each Borrower and Guarantor hereby grants to Agent, for itself and the ratable benefit of Secured PartiesLenders, a continuing security interest in, a lien upon, and a right of set off against, and hereby assigns to Agent, for itself and the ratable benefit of Secured PartiesLenders, as security, the following items all personal and types real property and fixtures, and interests in property and fixtures of personal property of each Borrower and GuarantorBorrower, 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 Agent or any Lender, collectively, the "Collateral”), including all of each Borrower’s and Guarantor’s right, title and interest in and to the following:"):

Appears in 1 contract

Samples: Loan and Security Agreement (Aep Industries Inc)

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Grant and Perfection of Security Interest. 5.1 Grant of Security Interest. To secure payment and performance of all Obligations, each Borrower and Guarantor hereby grants to Agent, for itself and the ratable benefit of Secured PartiesLenders, a continuing security interest in, a lien upon, and a right of set off against, and hereby assigns to Agent, for itself and the ratable benefit of Secured PartiesLenders, as security, the following items all personal and types real property and fixtures, and interests in property and fixtures, of personal property of each Borrower and GuarantorBorrower, 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 Agent or any Lender, collectively, the “Collateral”), including all of each Borrower’s and Guarantor’s right, title and interest in and to the following:):

Appears in 1 contract

Samples: Loan and Security Agreement (Reptron Electronics Inc)

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