Common use of Grant of Liens Clause in Contracts

Grant of Liens. Each of the Borrowers hereby assigns, pledges and grants to the Lender, and agrees that the Lender shall have a perfected and continuing security interest in, and Lien on, all of the Borrowers' Accounts, Inventory, Chattel Paper, Documents, Instruments, Equipment and General Intangibles, and all of the Borrowers' deposit accounts with any financial institution with which any of the Borrowers maintains deposits, whether now owned or existing or hereafter acquired or arising, all returned, rejected or repossessed goods, the sale or lease of which shall have given or shall give rise to an Account or Chattel Paper, all insurance policies relating to the foregoing, all books and records in whatever media (paper, electronic or otherwise) recorded or stored, with respect to the foregoing and all equipment and general intangibles necessary or beneficial to retain, access and/or process the information contained in those books and records, and all cash and non-cash proceeds and products of the foregoing. Each of the Borrowers further agrees that the Lender shall have in respect thereof all of the rights and remedies of a secured party under the Uniform Commercial Code as well as those provided in this Agreement, under each of the other Financing Documents and under applicable Laws.

Grant of Liens. Each of the Borrowers hereby assigns, pledges and grants to the Lender, Lender and agrees that the Lender shall have a perfected and continuing security interest in, and Lien on, all of the Borrowers' Accounts, Inventory, Government Contracts, Chattel Paper, Documents, Instruments, Equipment Equipment, Investment Property, and General Intangibles, Intangibles and all of the Borrowers' Borrower's deposit accounts with any financial institution with which any of the Borrowers Borrower maintains deposits, whether now owned or existing or hereafter acquired or arising, all returned, rejected or repossessed goods, the sale or lease of which shall have given or shall give rise to an Account or Chattel Paper, all insurance policies relating to the foregoing, all books and records in whatever media (paper, electronic or otherwise) recorded or stored, with respect to the foregoing and all equipment Equipment and general intangibles General Intangibles necessary or beneficial to retain, access and/or process the information contained in those books and records, and all cash and non-cash proceeds and products Proceeds of the foregoing. Each of the Borrowers further agrees that the Lender shall have in respect thereof all of the rights and remedies of a secured party under the Uniform Commercial Code as well as those provided in this Agreement, under each of the other Financing Documents and under applicable Laws.

Grant of Liens. Each of the Borrowers hereby assigns, pledges and grants to the Lender, and agrees that the Lender shall have a perfected and continuing security interest in, and Lien on, all of the Borrowers' Accounts, Inventory, Chattel Paper, Documents, Instruments, Equipment Equipment, Investment Property and General Intangibles, Intangibles and all of the Borrowers' deposit accounts with any financial institution with which any of the Borrowers maintains deposits, whether now owned or existing or hereafter acquired or arising, all returned, rejected or repossessed goods, the sale or lease of which shall have given or shall give rise to an Account or Chattel Paper, all insurance policies relating to the foregoing, all books and records in whatever media (paper, electronic or otherwise) recorded or stored, with respect to the foregoing and all equipment Equipment and general intangibles General Intangibles necessary or beneficial to retain, access and/or process the information contained in those books and records, and all cash and non-cash proceeds Proceeds and products of the foregoing. Each of the Borrowers further agrees that the Lender shall have in respect thereof all of the rights and remedies of a secured party under the Uniform Commercial Code as well as those provided in this Agreement, under each of the other Financing Documents and under applicable Laws.

Grant of Liens. Each of the The Borrowers hereby assignsassign, pledges pledge and grants grant to the Lender, and agrees that the Lender shall have a perfected and continuing security interest in, and Lien on, (a) all of the Borrowers' Company's and the Domestic Subsidiary's Accounts, Inventory, Chattel Paper, Documents, Instruments, Equipment and General IntangiblesEquipment, Securities, and all of the Borrowers' deposit accounts with any financial institution with which any of the Borrowers maintains depositsGeneral Intangibles,, whether now owned or existing or hereafter acquired or arising, (b) all returned, rejected or repossessed goods, the sale or lease of which shall have given or shall give rise to an Account or Chattel Paper, (c) all insurance policies relating to the foregoing, (d) all books and records in whatever media (paper, electronic or otherwise) recorded or stored, with respect to the foregoing and all equipment and general intangibles necessary or beneficial to retain, access and/or process the information contained in those books and records, and (e) all cash and non-cash proceeds and products of the foregoing. Each of the The Borrowers further agrees agree that the Lender shall have in respect thereof all of the rights and remedies of a secured party under the Uniform Commercial Code as well as those provided in this Agreement, under each of the other Financing Documents and under applicable Laws.

Grant of Liens. Each of the Borrowers The Borrower hereby assigns, pledges and grants to the Lender, and agrees that the Lender shall have a perfected and continuing security interest in, and Lien on, () all of the Borrowers' Borrower's Accounts, Inventory, Chattel Paper, Documents, Instruments, Equipment and General Intangibles, and all of the Borrowers' deposit accounts with any financial institution with which any of the Borrowers maintains deposits, whether now owned or existing or hereafter acquired or arising, (it being understood and agreed, that with respect to any Inventory and/or Equipment where perfection of the Lender's lien requires the filing of Uniform Commercial Code financing statements outside of the States of Maryland, Colorado, California, or Texas, that the Lender will not, as of the Closing Date, have a perfected lien on such Inventory and/or Equipment) () all returned, rejected or repossessed goods, the sale or lease of which shall have given or shall give rise to an Account or Chattel Paper, () all insurance policies relating to the foregoing, () all books and records in whatever media (paper, electronic or otherwise) recorded or stored, with respect to the foregoing and all equipment Equipment and general intangibles General Intangibles necessary or beneficial to retain, access and/or process the information contained in those books and records, and () all cash and non-cash proceeds and products of the foregoing. Each of the Borrowers The Borrower further agrees that the Lender shall have in respect thereof all of the rights and remedies of a secured party under the Uniform Commercial Code as well as those provided in this Agreement, under each of the other Financing Documents and under applicable Laws.