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

Grant of Security Interest; Control of Collateral Account. (a) As security for the payment or performance, as applicable, in full of the Obligations, each Grantor hereby bargains, sells, conveys, assigns, sets over, mortgages, pledges, hypothecates and transfers to the Collateral Agent (and its successors and assigns), for the benefit of the Collateral Agent and the Secured Parties, and hereby grants to the Collateral Agent (and its successors and assigns), for the benefit of the Collateral Agent and the Secured Parties, a security interest in all of the right, title and interest of such Grantor in and to the following, whether presently existing or hereafter arising or acquired (the "Collateral Agreement Collateral"): (i) the Collateral Account; (ii) all cash deposited therein; (iii) all certificates and instruments, if any, from time to time representing the Collateral Account; (iv) all investments from time to time made pursuant to Section 5.4; (v) all notes, certificates of deposit and other instruments from time to time hereafter delivered to or otherwise possessed by the Collateral Agent in substitution for, or in addition to, any or all of the then existing Collateral Agreement Collateral; (vi) all interest, dividends, cash, instruments, and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral Agreement Collateral; and (vii) to the extent not otherwise included in clauses (i) through (vi) of this Section 5.3(a), all Proceeds of any and all collections, earnings and accruals with respect to any or all of the foregoing (whether the same are acquired before or after the commencement of a case under the Bankruptcy Code by or against such Grantor as a debtor).

Grant of Security Interest; Control of Collateral Account. (a) As security for To secure the payment or performanceprompt and complete payment, as applicablewhen due, in full of the all Obligations, each Grantor the Grantors hereby bargains, sells, conveys, assigns, sets over, mortgages, pledges, hypothecates assign and transfers pledge to the Collateral Agent (and its successors and assigns), for the benefit of the Collateral Agent Secured Parties and the Secured Parties, and hereby grants grant to the Collateral Agent (and its successors and assigns), for the benefit of the Collateral Agent and the Secured Parties, Parties a security interest in all of the right, title and interest of such Grantor the Grantors, or either of them, in and to the following, whether presently existing or hereafter arising or acquired (the "Collateral Agreement Liquid ------ Collateral"): (i) the Collateral Account; (ii) , all cash deposited therein; (iii) , all ---------- certificates and instruments, if any, from time to time representing the Collateral Account; (iv) all investments from time to time made pursuant to Section 5.4------- 4.3 hereof; (v) all notes, certificates of deposit and other instruments from time --- to time hereafter delivered to or otherwise possessed by the Collateral Agent in substitution for, or in addition to, any or all of the then existing Collateral Agreement Liquid Collateral; (vi) all interest, dividends, cash, instruments, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing Collateral Agreement Liquid Collateral; and (vii) to the extent not otherwise included in clauses (i) through (vi) of this Section 5.3(a)covered above, all Proceeds of any and all collections, earnings and accruals with respect to any or all of the foregoing (whether the same are acquired before or after the commencement of a case under the Bankruptcy Code by or against such Grantor any of the Grantors as a debtor).