GRANT OF SECURITY INTEREST AND ASSIGNMENT Sample Clauses

GRANT OF SECURITY INTEREST AND ASSIGNMENT. As collateral security for the prompt performance, observance and indefeasible payment in full of all of the Obligations (as hereinafter defined), each Assignor hereby assigns, pledges, transfers and sets over to Assignee, and grants to Assignee a continuing security interest in and a general lien upon, all of each of Assignor's now existing or hereafter arising right, title and interest in and to each of the Acquisition Agreements and all proceeds thereunder, including, but not limited to, (a) all rights of each Assignor to receive monies due to become due to it thereunder or in connection therewith; (b) all rights of each Assignor to indemnification and claims for damages or other relief pursuant to such Acquisition Agreements; (c) all rights of each Assignor to perform and exercise all remedies thereunder and to require performance by the other parties thereto; and (d) all proceeds, collections, recoveries and rights of subrogation with respect to the foregoing (all of the foregoing being collectively referred to herein as the "Collateral").
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GRANT OF SECURITY INTEREST AND ASSIGNMENT. As collateral security for ------------------------------------------ the Loan, as well as for any and all other liabilities and obligations of Debtor and TelePad to Lender, whether now existing or hereafter created or arising, direct or indirect, matured or unmatured, and whether absolute or contingent, joint, several, or joint and several, and no matter how the same may be evidenced or shall arise, including without limitation all sums due under the Term Note or in connection with the Loan and the obligation to pay to Lender the Additional Consideration provided for in Section 1.02 of the Purchase Agreement, up to the aggregate amount of $16 million (all of which are hereinafter collectively called the "Obligations"), (A) TelePad hereby grants to Lender a security interest in, and pledges to Lender, the Newco Shares free and clear of any mortgage, pledge, lien on, security interest in, hypothecation, assignment, charge, right, encumbrance or other restriction or liability, other than those which result by operation of the Loan Documents (collectively "Liens"), (B) Debtor hereby grants a security interest in, and pledges to Lender, the FCC Shares, free and clear of all Liens, and (C) TelePad and Debtor, as applicable, hereby pledge, grant and convey to Lender (i) all cash, securities, dividends and other property at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for any of the Newco Shares or FCC Shares; (ii) all additional shares of stock of any class issued by Newco or FCC at any time and from time to time in any manner, and the certificates representing such additional shares, and all cash, securities, dividends, and other property at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such additional shares; and (iii) all securities hereafter delivered hereunder to Lender in substitution for or in addition to any of the foregoing, all certificates and instruments representing or evidencing such securities, and all cash, securities, dividends and other property at any time and from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing (the "Collateral").
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GRANT OF SECURITY INTEREST AND ASSIGNMENT. Assignor hereby grants a security interest in, assigns, transfers, conveys and sets over to Assignee, all of Assignor's estate, title and interest in and to the Company, including without limitation Assignor's estate, title and interest in and to the management rights, the profits and income of, and distributions from, the Company, whether under the articles of organization of the Company and/or that certain Operating Agreement dated September 16, 1996, by and among the members of the Company, as the same may be amended from time to time (collectively the "Operating Agreement"), or otherwise, together with any and all proceeds thereof (the entirety of such estate, title and interest, and all rights, powers, privileges, options and other benefits of Assignor pursuant thereto, including the proceeds thereof, are hereinafter referred to collectively as the "Assignor's Interests"). The assignment of, and grant of a security interest in, Assignor's Interests shall be absolute and unconditional, and shall be effective upon the execution of this Assignment.
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GRANT OF SECURITY INTEREST AND ASSIGNMENT. Section 2.1.Grant of Security Interest and Assignment. 2
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GRANT OF SECURITY INTEREST AND ASSIGNMENT. As security for the prompt and complete payment and performance when due of all the Obligations, and in order to induce each of the Lenders to make the Loans, Panda of Nepal hereby assigns, conveys, mortgages, pledges, hypothecates and transfers to the Trustee for the benefit of the Lenders, a continuing security interest in and Lien on all of Panda of Nepal's right, title and interest in, to and under the Assigned Agreement, including, without limitation, (a) all rights of Panda of Nepal to receive moneys due and to become due thereunder or pursuant thereto, (b) all rights of Panda of Nepal to receive proceeds of any insurance, indemnity, warranty, letter of credit, surety bond, performance bond or guaranty with respect thereto, (c) all claims of Panda of Nepal for damages for breach thereof or default thereunder and, subject to the Assigned Agreement, (d) the right of Panda of Nepal to terminate, amend, supplement or otherwise modify any such agreement, and (e) to the extent not otherwise included in the foregoing, all proceeds and products of all of the foregoing Collateral (all of such right, title and interest being hereinafter collectively called the "Collateral").
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GRANT OF SECURITY INTEREST AND ASSIGNMENT. To secure the payment and performance of any and all Dealer Obligations, and subject to liens permitted by this Agreement. Dealer hereby grants to GMAC a first and perfected security interest in and a collateral assignment of any and all of the following described property in which Dealer now or hereafter has an interest, wherever located, and any and all proceeds thereof, in form (the "Collateral"):
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GRANT OF SECURITY INTEREST AND ASSIGNMENT. 2.1 As collateral security for the prompt performance, observance and indefeasible payment in full of all of the Deferred Purchase Price Obligations, Debtor hereby assigns, pledges, transfers and sets over to Secured Party, and grants to Secured Party a continuing security interest in and a general lien upon all of the following assets and properties of Debtor, and all of Debtor's right, title and interest in and to any such assets and properties (the "Deferred Purchase Price Collateral"):
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GRANT OF SECURITY INTEREST AND ASSIGNMENT 
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Related to GRANT OF SECURITY INTEREST AND ASSIGNMENT

  • Assignment and Grant of Security Interest As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of all the Obligations and in order to induce the Lenders to make Loans in accordance with the terms of the Credit Agreement, the Pledgor hereby pledges and grants to the Administrative Agent (for the benefit of the Lenders), a first priority Lien on and security interest in and to, and agrees and acknowledges that Administrative Agent has and shall continue to have, a security interest in and to, and assigns, transfers, pledges and conveys to Administrative Agent (for the benefit of the Lenders) all of Pledgor's right, title, and interest in and to the Collateral.

  • Assignment of Security Interest If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

  • Grant of Security Interest All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The Borrower, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuer and the Lenders (including the Swing Line Lender), and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.14(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

  • Pledge; Grant of Security Interest As collateral security for the payment and performance in full of all the Secured Obligations, each Grantor hereby pledges and grants to the Agent for its benefit and for the benefit of the other Credit Parties, a Lien on and security interest in and to all of the right, title and interest of such Grantor in, to and under all personal property and interests in such personal property, wherever located, and whether now existing or hereafter arising or acquired from time to time (collectively, the “Collateral”), including, without limitation:

  • Grant of Security Interests In addition to the other rights provided in this Section 9.9, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the Loans), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board), without notice to Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, by notice to Agent; provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause (b) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder.

  • Reaffirmation of Security Interest The Borrower hereby reaffirms as of the date hereof each and every security interest and Lien granted in favor of the Security Agent and the Banks under the Loan Documents, and agrees and acknowledges that such security interests and Liens shall continue from and after the date hereof and shall remain in full force and effect from and after the date hereof, in each case after giving effect to the Credit Agreement as amended by this Amendment, and the Obligations secured thereby and thereunder shall include the Borrower’s obligations under the Credit Agreement as amended by this Amendment. Each such reaffirmed security interest and Lien remains and shall continue to remain in full force and effect and is hereby in all respects ratified and confirmed.

  • Xxxxx of Security Interest The Trust hereby pledges to and grants the Custodian a security interest in the assets of any Fund to secure the payment of any liabilities of the Fund to the Custodian for money borrowed from the Custodian. This pledge is in addition to any other pledge of collateral by the Trust to the Custodian.

  • Pledge and Grant of Security Interest To secure the prompt payment and performance in full when due, whether by lapse of time or otherwise, of the Pledgor Obligations (as defined in Section 3 hereof), each Pledgor hereby pledges and assigns to the Agent, for the benefit of the Lenders, and grants to the Agent, for the benefit of the Lenders, a continuing security interest in any and all right, title and interest of such Pledgor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Pledged Collateral"):

  • Grant of Security Interest in Copyright Collateral Each Pledgor hereby pledges and grants to the Collateral Agent for the benefit of the Secured Parties a lien on and security interest in and to all of its right, title and interest in, to and under all the following Pledged Collateral of such Pledgor:

  • Reaffirmation of Security Interests Each Loan Party (a) affirms that each of the Liens granted in or pursuant to the Loan Documents are valid and subsisting and (b) agrees that this Amendment does not in any manner impair or otherwise adversely affect any of the Liens granted in or pursuant to the Loan Documents.

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