Grant of Lien and Security Interest. (a) Subject to Section 6.7, each Participant grants to the other Participant a lien upon and a security interest in its Participating Interest, including all of its right, title and interest in the Assets, whenever acquired or arising, and the proceeds from and accessions to the foregoing.
Grant of Lien and Security Interest. (a) Subject to Section 4.4, each Member grants the other Member a lien upon and a security interest in its Ownership Interest, including but not limited to all of its rights, titles and interests in the Assets, whenever acquired or arising, and proceeds from and accessions to the foregoing.
Grant of Lien and Security Interest. (A) Effective as of the occurrence of any Trigger Event and upon the giving of a Trigger Event Notice, and without any other action being required by any Person, as security for the prompt satisfaction of all Obligations, each Borrower hereby assigns, transfers and sets over to Bank all of such Borrower’s Interest in and to, and grants Bank a Lien on, upon and in the Collateral.
Grant of Lien and Security Interest. Title to the Items of Equipment shall remain in Lessor as security for the obligations of Lessee hereunder and under the other Operative Documents to which it is a party until Lessee has fulfilled all of its obligations hereunder and thereunder. Lessee hereby grants, assigns, hypothecates, transfers and pledges to Lessor, a lien and security interest on all of Lessee's right, title and interest in and to, whether now or hereafter existing, each Item of Equipment and in each Sublease covering any Item of Equipment that may be entered into from time to time in accordance with the provisions of this Lease, and Lessee hereby grants to Lessor a continuing lien and security interest in and assigns to Lessor all of Lessee's rights, title and interest in all of the other Lessee Collateral, to secure the payment of all sums due hereunder and under the other Operative Documents to which it is a party and the performance of all other obligations hereunder and under the other Operative Documents to which it is a party. Lessee also hereby authorizes Lessor and Agent to file UCC financing statements on and after the Delivery Date to the extent necessary to perfect such security interests granted pursuant to the Operative Documents that may be perfected under the UCC through such filings. Further, Lessee hereby assigns to Lessor all of its rights under any and all purchase contracts relating to each Item of Equipment.
Grant of Lien and Security Interest. (a) As security for the prompt satisfaction of all Loan Obligations, Holdings, the Borrower and each Borrower Subsidiary hereby assigns, transfers, and sets over to the Agent Lender, for the benefit of both Lenders, all of Holdings, the Borrower’s and each Borrower Subsidiary’s right, title and interest of whatever kind, nature or description in and to, and grants the Agent Lender, for the benefit of both Lenders, a lien on and security interest in the Collateral; provided, however, that the Pasadena Project and the Westwood Project shall only serve as security for the prompt satisfaction of all Loan Obligations relating to the Pasadena Project and the Westwood Project, respectively.
Grant of Lien and Security Interest. In the event that, prior to the Maturity Date, in connection with the acquisition of any Property with the proceeds of an Advance hereunder, an additional Property Owner is formed or acquired by the Company or any Subsidiary thereof (whether now existing or hereafter organized), the Company shall, or shall cause such Subsidiary to, (i) pledge a security interest in all of the Ownership Interests of such newly formed or acquired Property Owner by delivering to the Lender a duly executed supplement to the Pledge Agreement or such other document as the Lender shall deem appropriate for such purpose and comply with the terms of the Pledge Agreement, (ii) deliver to the Lender the Property Loan Documents executed or to be executed in connection with the acquisition of such Property, which Property Loan Documents shall be on terms and conditions reasonably satisfactory to the Lender and shall include, without limitation, due on sale and transfer provisions (including provisions that specifically permit and consent to the pledge of one hundred percent (100%) of the Ownership Interests of such Property Owner to the Lender as security for the Obligations) reasonably satisfactory to the Lender in its sole discretion, (iii) deliver to the Lender the organizational documents of such Property Owner, which documents shall be on terms and conditions reasonably satisfactory to the Lender (including, without limitation, terms that permit the transfer of the Ownership Interests in such Property Owner in connection with the pledge thereof to the Lender), (iv) deliver to the Lender such documents and certificates referred to in Paragraph 4 as the Lender may reasonably request, (v) deliver to the Lender such updated Schedules to the Loan Documents as requested by the Lender with respect to such additional Property Owner and Property and (vi) deliver to the Lender such other documents as may be reasonably requested by the Lender, all in form, content and scope reasonably satisfactory to the Lender and all at the expense of the Company. For the avoidance of doubt, it is hereby agreed and acknowledged by the parties hereto that the foregoing Paragraph 6(i) shall not apply to the acquisition of the Villas of El Dorado by Apartment REIT Villas of El Dorado, LLC.
Grant of Lien and Security Interest. (a) Pursuant to this Agreement and the Security Documents, the Borrower hereby assigns, pledges, transfers, grants, confirms and sets over unto the Lender, and hereby grants and creates in favor of the Lender a security interest in and to, the Collateral other than Avoidance Actions and Principal Actions and the proceeds of Avoidance Actions and Principal Actions.
Grant of Lien and Security Interest. (a) Borrower hereby acknowledges and confirms that the First Mortgage, as modified hereby, constitutes a first priority security conveyance of and first lien on the Property, subject only to the Permitted Exceptions set forth therein. Borrower hereby acknowledges and confirms that the Second Mortgage, as modified hereby, constitutes a second priority security conveyance of and second lien on the Property, subject only to the First Mortgage and to the Permitted Exceptions set forth in the Second Mortgage.
Grant of Lien and Security Interest. In consideration of the Loan Obligations, and as security therefor, Borrower hereby grants, bargains, sells, conveys, assigns, transfers and sets over to Lender a Lien and security interest in, all of Borrower's right, title and interest in and to the Collateral, wherever located, and whether now owned or hereafter acquired or arising, it being the intent that the Lien and security interest granted hereby shall secure the payment and performance of the Loan Obligations.
Grant of Lien and Security Interest. To secure the prompt and complete payment, performance and observance of all of the Obligations, Grantors hereby grant, assign, convey, mortgage, pledge, hypothecate and transfer to the Secured Party (i) a first priority Lien and security interest in all (a) Assets, and (b) Hartsdale Inventory, and (ii) a junior Lien on all JCI Inventory, subordinated to the Liens granted in connection with the Tranche A Note and Tranche C Note.
