Grant by Grantors Clause Samples
The 'Grant by Grantors' clause establishes that the individuals or entities identified as grantors are formally transferring certain rights, interests, or property to another party, typically the grantee. In practice, this clause specifies exactly what is being granted—such as ownership of real estate, intellectual property rights, or other assets—and may outline any conditions or limitations attached to the grant. Its core function is to clearly document the transfer of rights, ensuring that both parties understand the scope and nature of what is being conveyed, thereby reducing the risk of future disputes over ownership or entitlement.
Grant by Grantors. As security for the payment or performance, as applicable, in full of the Obligations, the Grantor hereby pledges and grants to the Collateral Agent, for the ratable benefit of the Secured Parties, a lien on and security interest (the “Security Interest”) in and to all of the right, title and interest of the Grantor in, to and under the following property, wherever located, whether now existing or hereafter arising or acquired from time to time (all of which being hereinafter collectively referred to as the “Collateral”):
(i) all Accounts,
(ii) all Deposit Accounts and Securities Accounts, including all Cash Collateral Accounts,
(iii) all Chattel Paper, Documents and Instruments,
(iv) all Commercial Tort Claims,
(v) all Equipment,
(vi) all General Intangibles,
(vii) all Goods,
(viii) all Insurance,
(ix) all Instruments,
(x) all Intellectual Property,
(xi) all Inventory,
(xii) all Investment Property, including all Pledged Collateral,
(xiii) all Proceeds of Authorizations,
(xiv) all Receivables and Receivables Records,
(xv) all other goods and personal property of the Grantor, whether tangible or intangible, wherever located, including letters of credit,
(xvi) to the extent not otherwise included in clauses (i) through (xv) of this Section, all Collateral Records, Collateral Support and Supporting Obligations in respect of any of the foregoing,
(xvii) to the extent not otherwise included in clauses (i) through (xvi) of this Section, all other property in which a security interest may be granted under the UCC or which may be delivered to and held by the Collateral Agent pursuant to the terms hereof (including the account referred to in Section 3.4(c)(ii) and all funds and other property from time to time therein or credited thereto), and
(xviii) to the extent not otherwise included in clauses (i) through (xvii) of this Section, all Proceeds, products, substitutions, accessions, rents and profits of or in respect of any of the foregoing.
Grant by Grantors. Each Grantor hereby assigns and transfers to the Administrative Agent, and hereby grants to the Administrative Agent for the ratable benefit of the Lenders, a security interest in, all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the "Collateral"), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of such Grantor's Obligations:
(a) all Accounts;
(b) all Chattel Paper;
(c) all Contracts;
(d) all Deposit Accounts;
(e) all Documents (other than title documents with respect to Vehicles);
(f) all Equipment;
(g) all General Intangibles;
(h) all Instruments;
(i) all Intellectual Property;
(j) all Inventory;
(k) all Investment Property;
(l) all Letter-of-Credit Rights
(m) all Commercial Tort Claims;
(n) all other property not otherwise described above;
(o) all books and records pertaining to the Collateral; and
(p) to the extent not otherwise included, all Proceeds, Supporting Obligations and products of any and all of the foregoing; provided that in no event shall the Collateral include any Excluded Equity Interests and provided, further, that notwithstanding any of the other provisions set forth in this Section 3, this Agreement shall not constitute a grant of a security interest in any General Intangible to the extent that such grant of a security interest is prohibited by any Requirements of Law of a Governmental Authority, requires a consent not obtained of any Governmental Authority pursuant to such Requirement of Law or is prohibited by, or constitutes a breach or default under or requires any consent not obtained under, any contract, license, agreement, instrument or other document evidencing or giving rise to such General Intangible, except to the extent that such Requirement of Law or the term in such contract, license, agreement, instrument or other document or shareholder or similar agreement providing for such prohibition, breach, default or termination or requiring such consent is ineffective under applicable law; provided further, that the foregoing limitation shall not affect, limit, restrict or impair the grant by such Grantor of a security interest pursuant to this Agreement in any Receivable or any money or other amounts due or to become due under any such General Intangible.