Grant of Interest Sample Clauses

Grant of Interest. To secure the payment and performance of all of the Obligations under this Agreement and the other Loan Documents, as and when due, Borrower hereby grants to Lender a first priority security interest in all Collateral.
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Grant of Interest. Grantor hereby grants to Bank a security interest in all of Grantor’s right, title and interest in the following property of Grantor wherever located and whether now existing or hereafter acquired or created (collectively, the “Collateral”): ¨ all Deposit Accounts with Bank [ Bank] in Grantor’s name (and including any changes in the numbering or designation of the foregoing) with all present and future renewals, replacements, substitutions, increases in value, rollovers, additions thereto, interest and earnings thereon, rights and accessions thereto, whether now existing or hereafter arising, (collectively, the “Deposit”) and all Proceeds of the foregoing. x a Deposit Account with Bank [National City Bank] in Grantor’s name which is identified as Account Number (and including any changes in the numbering or designation of the foregoing) with all present and future renewals, replacements, substitutions, increases in value, rollovers, additions thereto, interest and earnings thereon, rights and accessions thereto, whether now existing or hereafter arising, (the “Deposit”) and all Proceeds of the foregoing. This Collateral secures the full and prompt payment to Bank of all obligations of Grantor to Bank, whether incurred directly or acquired by purchase, pledge, or otherwise and whether participated in whole or in part, including, without limitation, (i) every such obligation to Bank whether in a joint, several, or joint and several capacity, whether now owing or existing or later arising or created, owed absolutely or contingently, created by loan, overdraft, guaranty, or other contract, quasi-contract, tort, statute or otherwise, whether for principal, interest, fees, expenses or otherwise and (ii) any and all obligations of Grantor to Bank or to any affiliate of Bank, whether now owing or existing or later arising or created, owed absolutely or contingently, whether evidenced or acquired (including all renewals, extensions, and modifications thereof or substitutions), under any agreement, device or arrangement designed to protect Grantor from fluctuations of interest rates, exchange rates or forward rates, including, but not limited to, dollar-denominated or cross-currency exchange agreements, foreign currency exchange agreements, interest rate caps, collars or floors, forward rate currency or interest rate options, puts, warrants, swaps, swaptions, U.S. Treasury locks and U.S. Treasury options, (collectively the “Subject Debt”). ¨ [Withdrawals permitted a...
Grant of Interest. Xxxxxx and Glacier Medical hereby grant IMLF the option to acquire a 35% interest in Glacier Medical for the sum of one million dollars [$1,000,000]. These funds are to be used for the development, testing, evaluation, application for and securing of patents and FDA approval of the Protect Pal product including its initial manufacturing costs and general corporate overhead as defined in the operating budget for stage one and stage two development [Exhibit "B" attached]. This includes any related products for the medical industry developed as the direct result of the engineering and research resulting from the development of the Protect a Pal concept.
Grant of Interest. Anthra hereby grants to Medeva *** ownership interest (the "Medeva Interest") in all of its rights, title and interest in the Product Know-how as exploited in the Territory (the remaining ownership interest therein, the "Anthra Interest") (collectively, the "Interests"); provided, however, that Medeva may not exploit the Product Know-how except to the extent expressly set forth elsewhere in this Agreement; and provided, further, that nothing in this Article II shall restrict the rights of Anthra with respect to the ownership of, or exploitation of Product Know-how outside the Territory.
Grant of Interest. EGCL hereby grants to GGGL an exclusive seventy (70%) percent interest in and to the Tepa Concession and in exchange GGGL shall contribute such funds reasonably necessary to develop and extract ore and to conduct all operational activities relating to the development and exploitation of the Tepa Concession, as more fully set forth in the Operating Agreement, attached hereto as Schedule A, and such other consideration in the form of shares of GKIN’s common stock, as more fully set forth in Section 3 below.
Grant of Interest. As security for the payment of all Liabilities, Debtor hereby grants to Secured Party a lien on, and a security interest in, all the Collateral, as collateral security for the prompt and complete payment when due of all amounts due in respect ofthe Settlement Amount. Said security interest shall be second in time only to the security interest on the Collateral held by lenders or other lien holders existing prior to the execution ofthis Agreement. This paragraph does not affect, and Debtor agrees that it does not affect, the United States' right to recoup or withhold monies from the Debtor tD repay any Federal health care program overpayment in accordance with applicable Federal law. to (3)
Grant of Interest. In consideration for the Secured Party's making the Loan, the Debtor grants to the Secured Party a security interest (the "Security Interest") in all property listed on Schedule A hereto (the "Collateral"). The Security Interest is granted to the Secured Party to secure (a) the payment of the indebtedness evidenced by the Note with interest thereon and all renewals, extensions, and modifications of the Note, and (b) the performance and observance of all of Debtor's obligations, and covenants and agreements under this Agreement.
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Grant of Interest. 2.1 Subject to the Corporation complying with its obligations under this Deed, the ILC will: (a) grant the Interest to the Corporation; and (b) grant the Chattels to the Corporation, by transferring them to the Corporation on the Transfer Date; 2.2 As soon as practicable after the Execution Date, the Corporation shall prepare:- (a) a duly registrable Transfer Form executed by the Corporation; and (b) a duly registrable caveat which: (i) names the ILC as caveator; (ii) identifies the facts giving rise to the ILC’s caveatable interest as being the ILC’s rights arising pursuant to the terms of this Deed, and the ILC’s rights under section 191SA of the ATSI Act; and (iii) gives the Corporation’s consent to Caveat. 2.3 As soon as practicable after: (a) the ILC receives the documentation referred to in clause 2.2 of this Deed; and (b) the ILC has formed the view that the documentation has been prepared in accordance with this Deed, but before the Transfer Date, the ILC must execute the Transfer Form and the Caveat. 2.4 As soon as practicable after the ILC has executed the Transfer Form, it must return it to the Corporation for stamping purposes. 2.5 The Corporation must return the Transfer Form to the ILC immediately upon receiving a written request from the ILC for it to do so, at any time prior to the Transfer Date. 2.6 On the Transfer Date, the parties shall attend to settlement of the Grant by lodging the Transfer Form and the Caveat for registration. 2.7 The parties must do all things necessary and convenient to effect the registration of both instruments in accordance with all relevant legislative requirements, but subject to the obligations imposed by this Deed.
Grant of Interest. In consideration of and pursuant to the terms of the Loan Documents, and for other good, valuable and sufficient consideration, the receipt of which is hereby acknowledged, and to secure the Obligations, the Grantor grants a lien and security interest to the Bank in all its present and future right, title and interest in and to the Trademarks, together with all the goodwill of the Grantor associated with and represented by the Trademarks, and the registration thereof and the right (but not the obligation) to xxx for past, , present and future infringements, and the proceeds thereof, including, without limitation, license royalties and proceeds of infringement suits.
Grant of Interest. To secure the prompt payment in full of the Subject Debt as and when the respective parts thereof become due, whether by lapse of time, by acceleration of maturity, or otherwise, Grantor hereby grants Bank a security interest in the Collateral. As to Collateral not now in existence or in which Grantor does not presently have any rights, Bank's security interest shall automatically attach thereto immediately when the same comes into existence and Grantor acquires any rights therein, in each case without the making or doing of any further or other act or thing. 'Collateral' means, collectively, all Inventory, all Accounts, all Chattel Paper, all Documents, all Equipment, including, without limitation, any Equipment described in Exhibit A (the 'Supplemental Schedule'), if any, to this Agreement, all fixtures, including, without limitation, any fixtures described in the Supplemental Schedule, if any, all General Intangibles, all Instruments, all Receivables, and all Uncertificated securities in which Grantor now has or hereafter acquires any rights, and all replacements and substitutions therefor and additions and accessions thereto, all property (except any consumer goods), tangible or intangible, in which Grantor now has or hereafter acquires any rights and which now or hereafter is in Bank's control (by document of title or otherwise) or possession or is owed by Bank to Grantor, including, without limitation, the cash collateral account described in subsection 6.5, replacements and substitutions for, and all additions and accessions to, all or any part of the property hereinbefore described, all Products of all or any part of the goods hereinbefore described, and all Proceeds of all or any part of the property, including, without limitation, Products, hereinbefore described.
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