Grant of Liens and Security Interests. (a) The Borrower shall cause the Finance Obligations to be secured by a grant by the Borrower of its right, title, benefit and interest in (i) the RP Investments Bridge Account and (ii) the LuxCo 3/RPI Bonds and any guarantees or collateral therefor, in each case by “control” under the UCC.
Grant of Liens and Security Interests. As security for all of the Obligations owed to Administrative Agent, Lenders and any Swap Counterparty under this Agreement, the Swap Agreement and the other Loan Documents, Borrower grants, assigns, transfers and conveys to Administrative Agent, for the ratable benefit of each Lender and any Swap Counterparty, a first priority mortgage Lien on and first priority and perfected security interest in the Collateral owned by Borrower subject only to the Permitted Encumbrances.
Grant of Liens and Security Interests. As security for the Total Obligations owed to the Secured Creditors under this Agreement, the other Loan Documents and any Hedge Agreement, each Borrower grants, assigns, transfers and conveys to Lender, for the ratable benefit of the Secured Creditors, an Acceptable Security Interest in the Collateral subject only to the Permitted Liens.
Grant of Liens and Security Interests. KNOW ALL MEN BY THESE PRESENTS: That the undersigned WORKING INTEREST, LLC, a Kansas limited liability company (“Mortgagor”), whose mailing address is 4000 Xxxxxxxx, Xxxxx 000, Xxx Xxxxxxx, Xxxxx 00000, for valuable consideration, the receipt of which is hereby acknowledged, and in consideration of the debt, effective as of December __, 2012, has granted, bargained, sold, conveyed, transferred and assigned, and by these presents does GRANT, BARGAIN, WARRANT, SELL, CONVEY, MORTGAGE, PLEDGE, TRANSFER, ASSIGN AND SET OVER to TEXAS CAPITAL BANK, N.A., a national banking association, whose address is Oxx Xxxxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxx 00000, (“Mortgagee”), for itself, the Banks (as defined in the Credit Agreement), and for any Approved Counterparty (as defined in the Credit Agreement) under an Intercreditor Agreement (as defined in the Credit Agreement), all of Mortgagor’s rights, titles, interests and estates in and to the following property, whether real, personal or mixed, whether now owned or hereafter acquired under law or in equity (collectively, the “Mortgaged Property”); the inclusion of certain specific types and items of property and interests in one or more of the following Paragraphs are not intended in any way to limit the effect of the more general descriptions:
Grant of Liens and Security Interests. Subject to the foregoing and as collateral security for the Obligations, Supplier hereby grants to each Consenting OEM a continuing security interest in and lien upon the Operating Assets and Real Estate, solely for purposes of securing Supplier’s obligations to allow the Consenting OEMs to use and occupy its assets as provided in this Agreement, whether now owned or hereafter acquired by Supplier, or in which Supplier now has or at any time in the future may acquire any right, title or interest in, in each case, that is used to manufacture and supply Component Parts to such Consenting OEM (collectively, the “Collateral”). Further, Supplier hereby grants each Consenting OEM permission to file any financing statements and/or mortgages deemed necessary by the Consenting OEMs to perfect their security interests and liens granted hereby. Supplier will not grant any other party a similar right of access with respect to the Collateral, except on terms acceptable to the Consenting OEMs. No Consenting OEM will have the right to foreclose upon, sell, transfer, or dispose of any of the Operating Assets as a part of the Right of Access (as defined below) or as the holder of a secured claim against, or security interest in, the Operating Assets pursuant to this Agreement. So long as a Supplier Termination Event (as defined in the Accommodation Agreement) has not occurred and is not continuing, (i) the liens provided in this Agreement shall not be altered or otherwise affected by any action or inaction which any of the Parties may take or fail to take in respect of the Collateral and (ii) each Party agrees that it will not contest the validity, perfection, priority or enforceability of the liens of the Consenting OEMs in the Collateral. This Agreement will become effective as to each Consenting OEM and each Supplier party upon timely satisfaction of the following conditions:
Grant of Liens and Security Interests. To secure each of its respective Obligations under this DIP Loan Agreement and each other DIP Loan Document, each Loan Party hereby unconditionally grants, assigns, and pledges to the Administrative Agent, for the ratable benefit of the Secured Parties, valid, continuing, enforceable and fully perfected (i) first priority Liens and security interests in accordance with Section 364(c)(2) of the Bankruptcy Code on all unencumbered property of the Borrower and the Guarantor wherever located (other than the Loan Parties’ claims and causes of actions arising under Sections 544, 545, 547, 548, 549 and 550 of the Bankruptcy Code (collectively, the “Avoidance Actions”)); provided, that the Obligations shall also be secured by a perfected first priority Lien on all proceeds or property recovered in respect of Avoidance Actions (but not on the Avoidance Actions), subject to the entry of the Final Order, and on all cash maintained in the Letter of Credit Account and any direct investments of funds contained therein; (ii) junior Liens and security interests in accordance with Section 364(c)(3) of the Bankruptcy Code on all property of the Borrower and the Guarantor that is subject to valid and perfected Liens in existence at the time of the Petition Date or, subject to the agreement of the Administrative Agent and the Required DIP Lenders as to the amount secured and the extent of the property encumbered, to valid Liens in existence at the time of the Petition Date that are perfected subsequent thereto as permitted by Section 546(b) of the Bankruptcy Code (other than property that is subject to the existing Liens that secure obligations under the Bridge Loan Agreement and the Amended and Restated Second Lien Indenture, which Liens shall be primed by the Liens granted to the Administrative Agent as described below), and (iii) first priority, senior, priming Liens and security interests in accordance with Section 364(d)(1) of the Bankruptcy Code on all of the property of the Loan Parties (including, without limitation, inventory, accounts receivable, equipment, machinery, intellectual property, general intangibles, investment property, real property, capital stock of subsidiaries, membership interests in limited liability companies) that is subject to the existing Liens that secure the obligations of the Loan Parties under or in connection with the Amended and Restated Second Lien Indenture and the Bridge Loan Agreement, all of which existing Liens (the “Primed Liens”) ...
Grant of Liens and Security Interests. As security for all of the Obligations owed to the Secured Parties under this Agreement and the other Loan Documents, each of Borrower and the other Loan Parties hereby grants, assigns, transfers and conveys to Administrative Agent, for the ratable benefit of the Lenders, a first priority mortgage Lien on and first priority security interest in all of the Oil and Gas Properties and other Mortgaged Property under the Mortgages. In addition to the foregoing, as further security for all of the Obligations owed to Lender, each of Borrower and the other Loan Parties hereby grants, assigns, transfers and conveys to Administrative Agent, a first priority security interest in all other Collateral (not otherwise described in the immediately preceding sentence) under the Security Instruments. Notwithstanding the foregoing, the parties acknowledge and agree that the lien of the Lenders shall rank pari passu with the lien of PEP III existing on the date hereof, which lien shall survive the execution of this Agreement and shall be subject to the terms and conditions of the Intercreditor Agreement.
Grant of Liens and Security Interests. As collateral security for the Obligations, Supplier hereby grants to the Customer a continuing security interest in the Operating Assets and Real Estate, as all are defined herein, whether now owned or hereafter acquired by Supplier, or in which Supplier now has or at any time in the future may acquire any right, title or interest ("Collateral"). Further, Supplier hereby grants the Customer permission to file on its behalf any financing statements deemed necessary by the Customer to perfect its security interest granted hereby. The security interests granted to the Customer pursuant to this Agreement to secure the Obligations shall be junior to the liens and security interests granted to Bank (and any security interests perfected before the date of this Agreement) in all respects.
Grant of Liens and Security Interests. As collateral security for the Obligations, Supplier hereby grants to the Customer a continuing security interest in and lien on the Operating Assets, whether now owned or hereafter acquired by Supplier, or in which Supplier now has or at any time in the future may acquire any right, title or interest (collectively, the “Collateral”). Further, Supplier hereby grants the Customer permission to file any financing statements and/or mortgages deemed necessary by the Customer to perfect its security interest in and lien on the Collateral granted hereby. The security interests and liens granted to the Customer pursuant to this Agreement to secure the Obligations are junior to the liens and security interests granted to the Lender, but in all cases, the Lender’s exercise of its rights and remedies with respect to its liens and security interests is subject to the terms of this Agreement. The Lender may take any necessary action to protect their respective rights in the Collateral, conditioned upon such action not impairing the Customer’s “Right of Access” (as defined below).
Grant of Liens and Security Interests. As additional security for the Obligations, each Borrower, jointly and severally, hereby assigns and pledges to Mellon, in its capacity as the Collateral Agent, for the benefit of the Agents and the Lenders, and grants to Mellon, in its capacity as the Collateral Agent, for the benefit of the Agents and the Lenders, a lien upon and security interest in, the entire interest of each Borrower (whether legal, beneficial, equitable or otherwise, and whether present, future, contingent or otherwise) in the following described property (whether now owned or existing or hereafter arising or acquired) and all proceeds thereof in any form (including without limitation cash and noncash proceeds, insurance proceeds, deposit accounts, securities, securities entitlements and financial assets) and proceeds of proceeds (hereinafter all collectively referred to as the "Collateral"):
