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.
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. 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, assigns and pledges to Bank a security interest in all of Grantor’s right, title and interest in the Collateral whether now existing or hereafter arising, including, without limitation, the right or power to transfer an 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 right, title or interest therein, including, without limitation, the right or power to transfer an interest therein, in each case without the making or doing of any further or other act or thing. “Collateral” means, collectively, (a) all of the personal property of Grantor (except Consumer Goods) wheresoever located, whether now existing or hereafter arising, including, without limitation, all Accounts, all Chattel Paper, all Commercial Tort Claims described and identified in Schedule A, if any, to this Agreement (the “Supplemental Schedule”), all Deposit Accounts, all Documents, all Equipment, including, without limitation, any Equipment described in the Supplemental Schedule, if any, all Fixtures, including, without limitation, those described in the Supplemental Schedule, if any, all General Intangibles, all Goods, all Instruments, all Inventory, all Investment Property, all Letter-of-Credit Rights and all Supporting Obligations; (b) 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; (c) all replacements of, substitutions for and additions and Accessions to all or any part of the property hereinbefore described; (d) all Products of all or any part of the goods hereinbefore described; and (e) all Proceeds, including, without limitation, Cash Proceeds and Non-Cash Proceeds of all or any part of the property, including, without limitation, Products, hereinbefore described. Notwithstanding, the above definition of collateral will not include any interest in joint ventures or intellectual property rights.
Grant of Interest. 2.1 Subject to the Corporation complying with its obligations under this Deed, the ILC will:
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. Grantor hereby grants to PNCEF a security interest in all of Grantor's right, title and interest in the following property of Grantor (excluding Consumer Goods) wherever located and whether now existing or hereafter acquired or created (collectively, the "Collateral"), including, without limitation:
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. 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.
Grant of Interest. Debtor hereby grants the Company a first priority, perfected security interest in the Collateral, as hereinafter defined, to secure the Indebtedness, as hereinafter defined, owed to the Company. Prior to, or contemporaneous with, the execution and delivery of this Agreement, Debtor has delivered or shall deliver to the Company each of the items of Collateral as set forth below.
