Common use of Grant of Security Interest; Collateral Clause in Contracts

Grant of Security Interest; Collateral. (a) To secure the payment and performance of the Obligations, Borrower hereby grants to Agent, for the benefit of itself and the Lenders, a continuing first priority security interest in and Lien upon, and pledges to Agent, for the benefit of itself and the Lenders, all of its right, title and interest in and to the following, together with property of a similar nature which the Borrower owns or in which the Borrower hereafter acquires any right, title or interest (collectively and each individually, the "COLLATERAL"):

Appears in 1 contract

Samples: Loan and Security Agreement (America Service Group Inc /De)

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Grant of Security Interest; Collateral. (a) To secure the payment and performance of the Obligations, each Borrower hereby grants to Agent, for the benefit of itself and the Lenders, a continuing first priority security interest in and Lien upon, and pledges to Agent, for the benefit of itself and the Lenders, all of its right, title and interest in and to the following, together with property of a similar nature which the each such Borrower owns or in which the each such Borrower hereafter acquires any right, title or interest (collectively and each individually, the "COLLATERALCollateral"):

Appears in 1 contract

Samples: Credit and Security Agreement (America Service Group Inc /De)

Grant of Security Interest; Collateral. (a) To secure the payment and performance of the Obligations, each Borrower hereby grants to Agent, for the benefit of itself and the Lenders, a continuing first priority security interest in and Lien upon, and pledges to Agent, for the benefit of itself and the Lenders, all of its right, title and interest in and to the followingand upon all of such Borrower's assets, together with property of a similar nature which the Borrower owns now owned or in which the Borrower hereafter acquires any right, title or interest acquired (collectively and each individually, the "COLLATERAL"):), including, without limitation, all of the following property and interests in property of such Borrower:

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Skilled Healthcare Group Inc)

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Grant of Security Interest; Collateral. (a) To secure the payment and performance of the Obligations, each Borrower hereby grants to Agent, for the benefit of itself and the Lenders, a continuing first priority security interest in and Lien upon, and pledges to Agent, for the benefit of itself and the Lenders, all of its right, title and interest in and to and upon all of the following, together with following property and interests in property of a similar nature which the Borrower owns such Borrower, now owned or in which the Borrower hereafter acquires any right, title or interest acquired (collectively and each individually, the "COLLATERAL"):

Appears in 1 contract

Samples: Credit Agreement (Skilled Healthcare Group Inc)

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