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

Grant of Security Interest in Collateral. As an inducement for the Secured Party to extend the loans as evidenced by the Note and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Party 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”).

Appears in 4 contracts

Samples: Security Agreement (Urban-Gro, Inc.), Security Agreement (Urban-Gro, Inc.), Surgepays Security Agreement (SurgePays, Inc.)

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Grant of Security Interest in Collateral. As Subject to the Boeing Lien and the Initial Secured Parties’ Liens, as an inducement for the Secured Party Parties to extend the loans loan as evidenced by the Note and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Party 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”).

Appears in 3 contracts

Samples: Security Agreement (POSITIVEID Corp), Security Agreement (POSITIVEID Corp), Security Agreement (POSITIVEID Corp)

Grant of Security Interest in Collateral. As Subject to the Permitted Liens, as an inducement for the Secured Party to extend the loans loan as evidenced by the Note and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Party 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”).

Appears in 2 contracts

Samples: Security Agreement (Helix TCS, Inc.), Security Agreement (Helix TCS, Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Party Parties to extend the loans as evidenced by the Note and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Party Parties, subject to liens permitted under the Transaction Documents (as defined in the Purchase Agreement), a first priority 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”).

Appears in 2 contracts

Samples: Security Agreement (AtheroNova Inc.), Security Agreement (AtheroNova Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Party Parties to extend the loans as evidenced by the Note Debentures and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, the Professional Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Debtor Company hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Party Parties, for the ratable benefit of 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”).

Appears in 2 contracts

Samples: Security Agreement (US Dry Cleaning Services Corp), Security Agreement (US Dry Cleaning Services Corp)

Grant of Security Interest in Collateral. As an inducement for the Secured Party Parties to extend the loans as evidenced by the Note and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, 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 organized under the Debtor laws of a jurisdiction within the United States hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Party 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”).

Appears in 1 contract

Samples: Security Agreement (Dih Holding Us, Inc.)

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

Appears in 1 contract

Samples: Security Agreement (Star Energy Corp)

Grant of Security Interest in Collateral. As Each Debtor party affirms the security interest granted under the terms and conditions of this Security Agreement. Furthermore, as an inducement for the Secured Party Parties to extend the loans as evidenced by the Note and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Party Parties a perfected, first priority 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”).

Appears in 1 contract

Samples: Security Agreement (Optimus Healthcare Services, Inc.)

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Grant of Security Interest in Collateral. As an inducement for the Secured Party Parties to extend the loans as evidenced by the Note and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Collateral Agent (for the benefit of each Secured Party pari passu with each other Secured Party) 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”).

Appears in 1 contract

Samples: Security Agreement (Cambridge Heart Inc)

Grant of Security Interest in Collateral. As an inducement for the Secured Party to extend the loans as evidenced by the Note and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Party Party, subject to Permitted Liens (as defined in the Note), 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”).

Appears in 1 contract

Samples: Security Agreement (Saleen Automotive, Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Party Parties to extend the loans as evidenced by the Note and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to each Secured Party and to the Agent (for the benefit of the Secured Party Parties) a continuing security interest in and to, a lien upon and a right of set-off against against, all of their respective right, title and interest of whatsoever kind and nature in and to, to the Collateral (a "Security Interest” and, " and collectively, the "Security Interests").

Appears in 1 contract

Samples: Form of Security Agreement (Star Energy Corp)

Grant of Security Interest in Collateral. As an inducement for the Secured Party Parties to extend the loans loan as evidenced by the Note and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, and to secure the complete and timely payment, performance and discharge in full, as the case may bebe (whether at the stated maturity, by acceleration or otherwise), of all of the Obligations, the each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Party 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”).

Appears in 1 contract

Samples: Security Agreement (Xenetic Biosciences, Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Party Lenders to extend or maintain credit to the loans Company as may be evidenced by the Note and any other instrument or agreement evidencing loans extended by Secured Party to DebtorNotes, and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Party Party, for the benefit of the Lenders, a security interest in and to, a lien upon upon, and a right of set-off against against, all of their its respective right, title and interest of whatsoever kind and nature in and to, to the Collateral (a “Security Interest” and, and collectively, the “Security Interests”).

Appears in 1 contract

Samples: Security Agreement (Urigen Pharmaceuticals, Inc.)

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