Common use of GRANT OF LIEN Clause in Contracts

GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Obligations, Grantor, for and in consideration of good and valuable consideration, the receipt of which hereby is acknowledged, hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to the Secured Party a Lien upon and security interest in (the “Security Interest”) all of Grantor’s right, title and interest in, to and under the following of its assets and property (all of which being referred to herein as the “Collateral”): (i) the Depositary Account and all Digital Currency, Digital Assets and other assets therein from time to time, including each Depositary Wallet, and including all money, cash or cash equivalents therein from time to time; and (ii) to the extent not otherwise included in the foregoing, all Proceeds and products of the foregoing and all accessions to, substitutions and replacements for, and rents and profits of, and other assets, including all Digital Currency and Digital Assets, derived from each of the foregoing items mentioned above.

GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Obligations, Grantor, for and in consideration of good and valuable consideration, the receipt of which hereby is acknowledged, hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to the Secured Party a Lien upon and security interest in (the “Security Interest”) all of Grantor’s right, title and interest in, to and under the following of its assets and property (all of which being referred to herein as the “Collateral”): (i) the Depositary Account and all Digital Currency, Digital Assets and other assets therein from time to time, including each Depositary Wallet, and including all money, cash or cash equivalents therein from time to time; and (ii) to the extent not otherwise included in the foregoing, all Proceeds and products of the foregoing and all accessions to, substitutions and replacements for, and rents and profits of, and other assets, including all Digital Currency and Digital Assets, derived from each of the foregoing items mentioned above.