Grant of Security Interest and Collateral Assignment Sample Clauses

Grant of Security Interest and Collateral Assignment. As collateral security for the due and punctual payment and performance of the Secured Obligations, as defined in Section 2 (Secured Obligations) the Debtor hereby grants to the Secured Party, with full power and authority to exercise all rights and powers granted by the Debtor hereunder, a lien upon, and a security interest, in and to, and hereby collaterally assigns to the Secured Party, the following assets (the “Collateral”): All of the Debtor’s right, title and interest, in any capacity, now or hereafter acquired, in and to, the Company’s Star Mountain Mining District, Chopar Mining Property, Beaver County, Utah (as described in the attached Exhibit A — Mining Property & Legal Descriptions), together with all mineral ownership, mining rights, and proceeds of and distributions in respect of any of the foregoing.
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Grant of Security Interest and Collateral Assignment. As collateral security for the due and punctual payment and performance of the Obligations (as hereinafter defined), the Debtor hereby grants to the Secured Party, with full power and authority to exercise all rights and powers granted by the Debtor hereunder, a lien upon, and a security interest under the Uniform Commercial Code of Arizona, as in effect in the State of Arizona [Arizona Revised Statutes ("A.R.S.") Sections 47-1101 through 47-11107, as amended from time to time (the "UCC")] to the extent that the same shall apply, in and to, and hereby collaterally assigns to the Secured Party, all right, title and interest of the Debtor in and to the personal property, located in the County of Maricopa, State of Arizona, to be identified as the "Lost Dutchman Mobile Home Park", "Blue Valley Mobile Home Park" and "Sun Valley Mobile Home Park" (collectively, the "Mobile Home Parks") and more particularly described on Exhibit A, attached hereto (collectively the "Real Property"). Debtor's personal property is more particularly described on Exhibit B, attached hereto (collectively the "Collateral"). The Real Property, together with the Collateral are collectively referred to herein as the "Property".
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Grant of Security Interest and Collateral Assignment. As collateral security for the due and punctual payment and performance of the Secured Obligations, as defined in Section 2 (Secured Obligations) the Debtor hereby grants to the Secured Party, with full power and authority to exercise all rights and powers granted by the Debtor hereunder, a lien upon, and a security interest, in and to, and hereby collaterally assigns to the Secured Party, the following assets (the “Collateral”): All of the Debtor’s assets, including all proceeds from and in respect thereof, as well as the Debtor’s cash flows.
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Grant of Security Interest and Collateral Assignment. As collateral security for the due and punctual payment and performance of the Obligations (as hereinafter defined), the Debtor hereby grants to the Secured Party, with full power and authority to exercise all rights and powers granted by the Debtor hereunder, a lien upon, and a security interest under the Uniform Commercial Code in effect in the State of Florida, as from time to time amended (the "UCC") to the extent that the same shall apply, in and to, and hereby collaterally assigns to the Secured Party, all of the Collateral, defined below, located in Pinellas County, Florida, and more particularly described on Exhibit A, attached hereto (collectively the "Real Property"). Debtor's personal property is more particularly described on Exhibit B, attached hereto (collectively the "Collateral"). The Real Property, together with the Collateral are collectively referred to herein as the "Property".
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Grant of Security Interest and Collateral Assignment. As collateral security for the due and punctual payment and performance of the Secured Obligations, as defined in Section 2 hereof, the Assignor hereby grants to the Secured Party, with full power and authority to exercise all rights and powers granted by the Assignor hereunder, a lien upon, and a security interest, in and to, and hereby collaterally assigns to the Secured Party, the following property (the “Collateral”): All of the Assignor’s right, title and interest, now owned or hereafter acquired, in and to Assignor’s 100% interest in the LLC, including, without limitation, any and all interests in the LLC that may subsequently arise, Assignor’s right to receive distributions from the LLC in respect of Assignor’s interest in the LLC, whether in cash or in property and whether during the continuance of or on account of liquidation of the LLC (such right, title and interest of the Assignor in all of the membership interests in the LLC being hereinafter referred to as the “Interest”), together with all proceeds of and distributions in respect of any of the foregoing. The Assignor shall promptly make, execute and deliver to the Secured Party such instruments, documents and certificates and perform such acts and assurances, as the Secured Party may request to perfect, to maintain the priority of, or from time to time to renew, the Secured Party’s security interest in and to the Interest, to confirm or more fully perfect the rights granted hereby, or in any way to assure to the Secured Party all of its rights hereunder. The Assignor authorizes Secured Party to make all filings and recordings in public offices or records to perfect Secured Party’s interest in the Collateral, and Assignor shall, upon request of the Secured Party, make, execute and deliver such other and further instruments, and take such other and further actions, as the Secured Party may deem necessary or appropriate to enable it to realize upon the Interest, to exercise fully its rights hereunder, and to ratify and confirm any sale hereunder.
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Grant of Security Interest and Collateral Assignment. As collateral security for the due and punctual payment and performance of the Obligations (defined below), the Debtor hereby grants to Bank, with full power and authority to exercise all rights and powers granted by the Debtor hereunder, a lien upon, and a security interest under the Uniform Commercial Code in effect in the State of Colorado, as from time to time amended (the “UCC”), to the extent that the same shall apply, in and to, and hereby collaterally assigns to Bank, all of Debtor’s right, title and interest in and to Debtor’s property, as more particularly described on Exhibit A, attached hereto (the “Collateral”).
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Related to Grant of Security Interest and Collateral Assignment

  • 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.

  • 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.

  • 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 Interest in Collateral As an inducement for the Secured Parties to extend the loans as evidenced by the Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

  • 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:

  • 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.

  • 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.

  • Grant of Security Interest in Trademark 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:

  • Grant of Security Interest in the Collateral To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):

  • 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"):

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