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.
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Samples: Credit Agreement (Voyager Oil & Gas, Inc.), Credit Agreement (American Standard Energy Corp.), Credit Agreement (Voyager Oil & Gas, Inc.)
Grant of Liens and Security Interests. As security for all of the Obligations owed to Administrative Agent, Agent and 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 its own account and for the ratable benefit of each Lender and any Swap CounterpartyLender, 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.
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