Common use of Grant of Lien and Security Interest Clause in Contracts

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.

Appears in 2 contracts

Samples: Limited Liability Company Members' Agreement, Limited Liability Company Members' Agreement (Uranium Energy Corp)

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Grant of Lien and Security Interest. (a) Subject to Section 4.44.4 hereof, each Member grants to the other Member a lien upon and a security interest in its Ownership Interest, including but not limited to all of its rightsright, titles title and interests interest in the Company and the Assets, whenever acquired or arising, and the proceeds from and accessions to the foregoing; provided, however, that t his lien and security interest shall in no event apply to or burden any NSR royalty granted to TSVLP pursuant to Section 4.3 of the LLC Agreement.

Appears in 1 contract

Samples: U S Gold Corp

Grant of Lien and Security Interest. (a) Subject to Section 4.44.3 hereof, each Member grants to the other Member a lien upon and a security interest in its Ownership Interest, including but not limited to all of its rightsright, titles title and interests interest in the Assets, whenever acquired or arising, and the proceeds from and accessions to the foregoing.

Appears in 1 contract

Samples: Members' Agreement (Great Plains Energy Inc)

Grant of Lien and Security Interest. (a) Subject to Section 4.44.5 hereof, each Member grants to the other Member Member(s) a lien upon and a security interest in its Ownership Interest, including but not limited to all of its rightsright, titles title and interests interest in the Company and the Assets, whenever acquired or arising, and the proceeds from and accessions to the foregoing.

Appears in 1 contract

Samples: Members' Agreement (U S Gold Corp)

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Grant of Lien and Security Interest. (a) Subject to Section 4.44.4 hereof, each Member grants to the other Member a lien upon and a security interest in its Ownership Interest, including but not limited to all of its rightsright, titles title and interests interest in the Assets, whenever acquired or arising, and the proceeds from and accessions to the foregoing.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Thunder Mountain Gold Inc)

Grant of Lien and Security Interest. (a) Subject to Section 4.44.4 hereof, each Member grants to the other Member a lien upon and a security interest in its Ownership Interest, including but not limited to all of its rightsright, titles title and interests interest in the Properties and Assets, whenever acquired or arising, and the proceeds from and accessions to the foregoing.

Appears in 1 contract

Samples: Members’ Agreement (Golden Phoenix Minerals Inc)

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