Common use of Grant of Liens Clause in Contracts

Grant of Liens. Each of the Domestic Borrowers hereby assigns, pledges and grants to the Administrative Agent, for the ratable benefit of the Lenders and for the benefit of the Administrative Agent and the other Agents with respect to the Agents' Obligations, and agrees that the Administrative Agent, the other Agents and the Lenders shall have a perfected and continuing security interest in, and Lien on, all of the Domestic Borrowers' Accounts, Inventory, Capital Expenditure Line Equipment, and General Intangibles, 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 Domestic Borrowers further agrees that the Administrative Agent, for the ratable benefit of the Lenders and for the benefit of the Administrative Agent and the other Agents with respect to the Agents' Obligations, 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 Domestic Borrowers Borrower, Fostxx Xxxxx xxx Fantasma hereby assigns, pledges and grants to the Administrative Agent, for the ratable benefit of the Lenders and for the benefit of the Administrative Agent and the other Agents with respect to the Agents' Agent's Obligations, and agrees that the Administrative Agent, the other Agents Agent and the Lenders shall have a perfected and continuing security interest in, and Lien on, (a) all of the Domestic Borrowers' Borrower's, Fostxx Xxxxx'x xxx Fantasma's Accounts, Inventory, Capital Expenditure Line Equipment, Chattel Paper and General IntangiblesInstruments, 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 paperAccount, (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 rights of access to 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 Domestic Borrowers Borrower, Fostxx Xxxxx xxx Fantasma further agrees that the Administrative Agent, for the ratable benefit of the Lenders and for the benefit of the Administrative Agent and the other Agents with respect to the Agents' Agent's Obligations, 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 Domestic Borrowers hereby assigns, pledges and grants to the Administrative Agent, for the ratable benefit of the Lenders and for the benefit of the Administrative Agent and the other Agents with respect to the Agents' Agent's Obligations, and agrees that the Administrative Agent, the other Agents Agent and the Lenders shall have a perfected and continuing security interest in, and Lien on, all of the Domestic Borrowers' Accounts, Inventory, Capital Expenditure Line Government Contracts, Chattel Paper, Documents, Instruments, Equipment, Investment Property, and General IntangiblesIntangibles and all of the Borrower's deposit accounts with any financial institution with which the 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 paperChattel 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 Domestic Borrowers further agrees that the Administrative Agent, for the ratable benefit of the Lenders and for the benefit of the Administrative Agent and the other Agents with respect to the Agents' Agent's Obligations, 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.