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

Grant of Security Interest; Collateral. (i) As continuing security to Lender for the payment of all amounts due pursuant to this Note and the performance of all obligations of Borrower set out herein, Borrower hereby grants to Lender a security interest in all of Borrower’s right, title and interest, whether now owned or hereafter acquired, in and to the Collateral (as hereinafter defined). For purposes of this Note, “Collateral” means all accounts, deposit accounts, chattel paper, commercial tort claims, documents, equipment, fixtures, goods, general intangibles (including but not limited to all patents, copyrights, trademarks and other intellectual property), instruments, inventory, investment property, pledged deposits, supporting obligations, and all other personal property of Borrower, wherever located, to the extent that Borrower now has or hereafter acquires any right or interest, and the proceeds, insurance proceeds and products thereof, together with all books and records, customer lists, credit files, computer files, programs, printouts and other computer materials and records related thereto.

Appears in 2 contracts

Samples: Consulting and Administrative Services Agreement, Consulting and Administrative Services Agreement

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