Common use of Grant by New Borrower of Security Interest Clause in Contracts

Grant by New Borrower of Security Interest. Consistent with the intent of the parties, New Borrower hereby grants to Lender a continuing first priority lien on and security interest in, upon, and to the Collateral, pursuant to and in accordance with the terms of Article III of the Loan Agreement.

Appears in 2 contracts

Samples: Mortgage Loan Agreement (Sunlink Health Systems Inc), Mortgage Loan Agreement (Sunlink Health Systems Inc)

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Grant by New Borrower of Security Interest. Consistent with the intent of the parties, the undersigned New Borrower hereby grants to Lender a continuing first priority lien on and security interest in, upon, and to the Collateral, pursuant to and in accordance with the terms of Article III of the Loan Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sunlink Health Systems Inc), Loan and Security Agreement (Odyssey Healthcare Inc)

Grant by New Borrower of Security Interest. Consistent with the intent of the parties, New Borrower hereby grants to Lender a continuing first priority lien on and security interest in, upon, and to the Collateral, pursuant to and in accordance with the terms of Article III of the Loan Agreement., as follows:

Appears in 1 contract

Samples: Loan and Security Agreement (Ensign Group, Inc)

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Grant by New Borrower of Security Interest. Consistent with the intent of the parties, New Borrower hereby grants to Lender a continuing first priority lien on or and security interest in, upon, and to the Collateral, pursuant to and in accordance with the terms of Article III of the Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Sunlink Health Systems Inc)

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