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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”): (a) all Accounts; (b) all cash and Cash Equivalents; (c) all Chattel Paper (including Electronic Chattel Paper); (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors); (e) all Copyright Licenses; (f) all Copyrights; (g) all Deposit Accounts; (h) all Documents; (i) all Equipment; (j) all Fixtures; (k) all General Intangibles; (l) all Goods; (m) all Instruments; (n) all Inventory; (o) all Investment Property; (p) all Letter-of-Credit Rights; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder; (r) all Payment Intangibles; (s) all Patent Licenses; (t) all Patents; (u) all Software; (v) all Supporting Obligations; (w) all Trademark Licenses; (x) all Trademarks; (y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon; (z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and (aa) all other assets of such Obligor.
Appears in 6 contracts
Samples: Security Agreement (Red Robin Gourmet Burgers Inc), Security Agreement (Red Robin Gourmet Burgers Inc), Security Agreement (Red Robin Gourmet Burgers Inc)
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 As collateral security for the Secured ObligationsObligations defined below, each Obligor Debtor hereby grants to the Administrative Agent, Collateral Agent for the ratable benefit of the Lenders, Secured Parties a lien on and security interest in and acknowledges and agrees that the Collateral Agent has and shall continue to have until the Termination Date for the benefit of the Secured Parties a continuing lien on and security interest in, and a right to set of set-off against, any and all right, title title, and interest of such Obligor in and to the followingDebtor, whether now owned or existing or ownedhereafter created, acquiredacquired or arising, or arising hereafter (collectively, in and to all of the “Collateral”):following:
(a) all Accounts;
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper Instruments (including Electronic Chattel PaperPromissory Notes and Intercompany Notes);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)Documents;
(e) all Copyright LicensesGeneral Intangibles (including Payment Intangibles and Intellectual Property Collateral);
(f) all Copyrights;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(qg) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(wh) all Trademark LicensesDeposit Accounts;
(xi) all TrademarksInvestment Property (including certificated and uncertificated Securities, Securities Accounts, Security Entitlements, Commodity Accounts, and Commodity Contracts);
(yj) Inventory;
(k) Equipment (including all bookssoftware, recordswhether or not the same constitutes embedded software, ledger cardsused in the operation thereof);
(l) Fixtures;
(m) Commercial Tort Claims (as described on Schedule 7 to the Perfection Certificate or on one or more supplements to the Perfection Certificate);
(n) Goods;
(o) Personal property, filesand interests in personal property of such Debtor of any kind or description now held by any Secured Party or at any time hereafter transferred or delivered to, correspondenceor coming into the possession, custody or control of, any Secured Party, or any agent or affiliate of any Secured Party, whether expressly as collateral security or for any other purpose (whether for safekeeping, custody, collection or otherwise), and all dividends and distributions on or other rights in connection with any such property;
(p) Supporting evidence and documents relating to any of the above-described property, including, without limitation, computer programs, tapes, disks, tapes and related electronic data processing software (owned by such Obligor or media, written applications, credit information, account cards, payment records, correspondence, delivery and installation certificates, invoice copies, delivery receipts, notes and other evidences of indebtedness, insurance certificates and the like, together with all books of account, ledgers, and cabinets in which it has an interest) that at any time evidence the same are reflected or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereuponmaintained;
(zq) to the extent not otherwise includedAccessions and additions to, alland substitutions and replacements of, Accessions, Proceeds and products of any and all of the foregoing; and
(aar) Proceeds and products of the foregoing, and all other assets insurance of such Obligor.the foregoing and proceeds thereof;
Appears in 5 contracts
Samples: Security Agreement (Western Digital Corp), Security Agreement (Western Digital Corp), Bridge Security Agreement (Western Digital Corp)
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash cash, currency and Cash Equivalents;
; (c) all Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d5.21(e) attached hereto to the Disclosure Letter (as such Schedule may be defined in the Credit Agreement) (as updated from time to time by in accordance with the ObligorsCredit Agreement);
; (e) all Copyright Licenses;
Deposit Accounts; (f) all Copyrights;
Documents; (g) all Deposit Accounts;
Equipment; (h) all Documents;
Fixtures; (i) all Equipment;
General Intangibles; (j) all Fixtures;
Goods; (k) all General Intangibles;
Instruments; (l) all Goods;
Intellectual Property; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Payment Intangibles; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Pledged Equity; (r) all Payment Intangibles;
Securities Accounts; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Vehicles; (v) all Supporting Obligations;
books and records pertaining to the Collateral; (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
foregoing and (aax) all other assets personal property of any kind or type whatsoever now or hereafter owned by such ObligorGrantor or as to which such Grantor now or hereafter has the power to transfer interest therein.
Appears in 3 contracts
Samples: Security and Pledge Agreement (Nuvasive Inc), Security and Pledge Agreement (Nuvasive Inc), Security and Pledge Agreement (Nuvasive Inc)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”):
"): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto hereto; (as such Schedule may be updated from time to time by the Obligors);
d) all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Instruments; (l) all Goods;
Inventory; (m) all Instruments;
Investment Property; (n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (o) all Money; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to any Excluded Property; and
provided that, upon the occurrence of an event that renders property to no longer constitute Excluded Property, a security interest in such property shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 3 contracts
Samples: Security and Pledge Agreement (I3 Verticals, Inc.), Security and Pledge Agreement (I3 Verticals, Inc.), Security and Pledge Agreement (I3 Verticals, Inc.)
Grant of Security Interest in the Collateral. (a) 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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(ai) all Accounts;
(bii) all cash and Cash Equivalents;
(ciii) all Chattel Paper (including Electronic Chattel Paper);
(div) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(a) attached hereto (as such Schedule may be updated from time to time by the Obligors);
(ev) all Copyright Licenses;
(fvi) all Copyrights;
(gvii) all Deposit Accounts;
(hviii) all Documents;
(iix) all Equipment;
(jx) all Fixtures;
(kxi) all General Intangibles;
(lxii) all Goods;
(mxiii) all Instruments;
(nxiv) all Inventory;
(oxv) all Investment Property;
(pxvi) all Letter-of-Credit Rights;
(qxvii) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (iA) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (iiB) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iiiC) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (ivD) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(rxviii) all Patent Licenses;
(xix) all Patents;
(xx) all Payment Intangibles;
(sxxi) all Patent Trademark Licenses;
(txxii) all PatentsTrademarks;
(uxxiii) all Software;
(vxxiv) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(yxxv) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zxxvi) all other personal property of any kind or type whatsoever owned by such Obligor; and
(xxvii) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing; and. Notwithstanding the foregoing, nothing in this Section 2 or otherwise in this Security Agreement shall constitute a grant by any Obligor of a security interest in any contract, document, instrument, general intangible, lease, license or other right of any kind to the extent such agreement was entered into prior to the date of this Security Agreement and to the extent such a grant of a security interest would, after giving effect to the provisions of subsections 9-406, 9-407 and 9-408 of the UCC, constitute a breach or violation of any term thereof.
(aab) The Obligors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Intellectual Property.
Appears in 3 contracts
Samples: Security Agreement (Pantry Inc), Security Agreement (Pantry Inc), Security Agreement (Pantry Inc)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Money; (c) all Chattel Paper (including Electronic Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
2 hereto; (e) all Copyright Licenses;
Copyrights; (f) all Copyrights;
Copyright Licenses; (g) all Deposit Accounts;
; (h) all Documents;
; (i) all Equipment;
; (j) all Fixtures;
; (k) all General Intangibles;
; (l) all Goods;
; (m) all Instruments;
; (n) all Inventory;
; (o) all Investment Property;
; (p) all Letter-of-Credit Rights;
; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patents; (r) all Payment Intangibles;
Patent Licenses; (s) all Patent Licenses;
Pledged Equity; (t) all Patents;
Software; (u) all Software;
Supporting Obligations; (v) all Supporting Obligations;
Trademarks; (w) all Trademark Licenses;
; (x) all Trademarks;
books and records related to the Collateral; and (y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, Accessions and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, all Proceeds and products of any and all of the foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to any Excluded Property; and
provided that upon the occurrence of an event that renders property to no longer constitute Excluded Property, a security interest in such property shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 3 contracts
Samples: Credit Agreement (Aaron's Company, Inc.), Credit Agreement (Aaron's Company, Inc.), Credit Agreement (Aaron's Company, Inc.)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Money; (c) all Chattel Paper (including Electronic Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
2 hereto; (e) all Copyright Licenses;
Copyrights; (f) all Copyrights;
Copyright Licenses; (g) all Deposit Accounts;
; (h) all Documents;
; (i) all Equipment;
; (j) all Fixtures;
; (k) all General Intangibles;
; (l) all Goods;
Instruments; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to (aaa) all any lease, license, contract or other assets agreement of an Obligor if the grant of a security interest in such lease, license, contract or other agreement in the manner contemplated by this Agreement is prohibited under the terms of such lease, license, contract or other agreement or under applicable Law or would result in default thereunder, the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Obligor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both); provided that (i) any such limitation described in the foregoing clause (a) on the security interests granted hereunder shall only apply to the extent that any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (ii) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in such lease, license, contract or other agreement or applicable Law to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such lease, license, contract or other agreement shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder, (b) the Olive Branch Property and (c) any Capital Securities of the Excluded Subsidiary. The Obligors and the Administrative Agent, on behalf of the holders of the Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 2 contracts
Samples: Security and Pledge Agreement (Trex Co Inc), Security and Pledge Agreement (Trex Co Inc)
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash cash, currency and Cash Equivalents;
; (c) all Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d5.20(e) attached hereto to the Credit Agreement (as such Schedule may be updated from time to time by in accordance with the ObligorsCredit Agreement);
; (e) all Copyright Licenses;
Deposit Accounts; (f) all Copyrights;
Documents; (g) all Deposit Accounts;
Equipment; (h) all Documents;
Fixtures; (i) all Equipment;
General Intangibles; (j) all Fixtures;
Goods; (k) all General Intangibles;
Instruments; (l) all Goods;
Intellectual Property; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
Payment Intangibles; (p) all Letter-of-Credit Rights;
; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Pledged Equity; (r) all Payment Intangibles;
Securities Accounts; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Vehicles; (v) all Supporting Obligations;
books and records pertaining to the Collateral; (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
foregoing and (aax) all other assets personal property of any kind or type whatsoever now or hereafter owned by such ObligorGrantor or as to which such Grantor now or hereafter has the power to transfer interest therein. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to (a) Excluded Property or (b) any General Intangible, permit, lease, license, contract or other Instrument of a Grantor to the extent the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Grantor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both); provided, further that (i) any such limitation described in the foregoing clause (b) on the security interests granted hereunder shall only apply to the extent that any such prohibition or right to terminate or accelerate or alter the Grantor’s rights could not be rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (ii) in the event of the termination or elimination of any such prohibition or right or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (a) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (b) is not to be construed as an assignment of any Intellectual Property.
Appears in 2 contracts
Samples: Security and Pledge Agreement (Good Times Restaurants Inc.), Security and Pledge Agreement (Good Times Restaurants Inc)
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, (a) Borrower and each Obligor Guarantor (other than Ryman Hospitality Properties, Inc.) hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):hereafter:
(ai) all Accounts;
(bii) all cash and Cash Equivalentscurrency;
(ciii) all Chattel Paper (including Electronic Chattel Paper);
(div) those certain all Commercial Tort Claims of such Obligor set forth Claims, including those identified on Schedule 2(d) 2 attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(ev) all Copyrights;
(vi) all Copyright Licenses;
(f) all Copyrights;
(gvii) all Deposit Accounts;
(hviii) all Documents;
(iix) all Equipment;
(jx) all Fixtures;
(kxi) all General Intangibles;
(l) all Goods;
(mxii) all Instruments;
(nxiii) all Inventory;
(oxiv) all Investment Property;
(pxv) all Letter-of-Credit Rights;
(qxvi) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(rxvii) all Patent Licenses;
(xviii) all Software;
(xix) all Supporting Obligations;
(xx) all Trademarks;
(xxi) all Trademark Licenses;
(xxii) all domain names;
(xxiii) all Goods;
(xxiv) all Payment Intangibles;
(sxxv) all Patent Licenses;other personal property of such Grantor of whatever type or description; and
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zxxvi) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing. and (b) Ryman Hospitality Properties, Inc., hereby grants to the Administrative Agent, for the benefit of the holders of the Secured Obligations, 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, in each case to the extent the same is attached to, contained in, related to, arising from or used in connection with the operation, ownership, maintenance, construction, development or marketing of or otherwise in connection with any one or more of the Borrowing Base Properties:
(i) all Copyrights;
(ii) all Copyright Licenses;
(iii) all Patents;
(iv) all Patent Licenses;
(v) all Software;
(vi) all Supporting Obligations;
(vii) all Trademarks;
(viii) all Trademark Licenses; and
(aaix) to the extent not otherwise included, all Accessions and all Proceeds of any and all of the foregoing. The property listed in clauses (a)(i)-(xxvi) and (b)(i)-(ix) above shall be collectively referred to as the “Collateral”. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not (A) extend to any Property that is subject to a Lien securing purchase money Indebtedness permitted under the Credit Agreement pursuant to documents that prohibit such Grantor from granting any other assets Liens in such Property, (B) extend to any lease, license or other contract if the grant of a security interest in such lease, license or contract in the manner contemplated by this Security Agreement is prohibited by the terms of such Obligorlease, license or contract or by law and would result in the termination of such lease, license or contract, but only to the extent that (1) after reasonable efforts, consent from the relevant party or parties has not been obtained, (2) any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity, and (3) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder, and (C) extend to any vehicles owned by any Grantor that are subject to certificates of title. The Grantors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment or license of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 2 contracts
Samples: Credit Agreement (Ryman Hospitality Properties, Inc.), Credit Agreement (Ryman Hospitality Properties, Inc.)
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all AccountsAccounts (including health-care-insurance receiveables);
(b) all cash present and Cash Equivalentsfuture Equity Interests; provided that the Collateral shall only include 66% of the Equity Interests of any Foreign Subsidiary;
(c) all Chattel Paper (including Electronic Chattel Paper)cash, Cash Equivalents and currency;
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(dall Cash Collateral;
(e) attached hereto all Cash Collateral Accounts;
(as such Schedule may be updated from time to time by the Obligorsf) all Chattel Paper (whether tangible or electronic);
(eg) those Commercial Tort Claims identified on Schedule 2(g) attached hereto;
(h) all contract rights (including rights to the payment of money);
(i) all Copyrights;
(j) all Copyright Licenses;
(f) all Copyrights;
(gk) all Deposit Accounts;
(hl) all DocumentsDocuments (including electronic documents);
(im) all Equipment;
(jn) all financial assets;
(o) all Fixtures;
(kp) all General IntangiblesIntangibles (including all payment intangibles);
(lq) all Goods;
(mr) all Instrumentshedge agreements;
(ns) all indemnification rights;
(t) all Instruments (including promissory notes);
(u) all insurance claims and proceeds;
(v) all present and future intercompany debt of Borrower and each Guarantor;
(w) all Inventory;
(ox) all Investment Property;
(py) all Letter-of-Credit RightsRights (whether or not the Letter of Credit is evidenced in writing);
(qz) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time license rights
(collectively, the “Assigned Agreements”), including without limitation, (iaa) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sbb) all Patent Licenses;
(t) all Patents;
(ucc) all Software;
(vdd) all Supporting Obligations;
(wee) all Trademark Licensestax refunds;
(xff) all Trademarks;
(ygg) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;Trademark Licenses; and
(zhh) to the extent not otherwise included, all, all Accessions, Proceeds Proceeds, income from, increases in and products of any of the foregoing to be held by the Administrative Agent, for the benefit of the Secured Parties and the Administrative Agent, subject to the terms and conditions hereinafter set forth. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral constitutes continuing collateral security for all of the foregoing; and
Secured Obligations, whether now existing or hereafter arising. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to (aaand the following shall not be included as Collateral) all (i) any General Intangible, permit, lease, license, contract or other assets Instrument of a Grantor if the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Security Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Grantor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both), (ii) any United States intent-to-use trademark or service xxxx application to the extent, and solely during the period in which, the grant of a Lien therein would impair the validity or the enforceability of such Obligorintent-to-use trademark or service xxxx under federal law, (iii) Equity Interests to the extent representing more than sixty-six percent (66%) of the Voting Equity (as defined in the Pledge Agreement) of any Foreign Subsidiary, including, without limitation, the certificates (or other agreements or instruments) representing such Equity Interests, (iv) any property subject to a Lien permitted by Section 7.01 of the Credit Agreement, if and for so long as the contractual obligation governing such Lien prohibits the Lien of this Security Agreement applying to such property, and (v) the Stockholder Merger Cash; provided that (a) any such limitation described above on the security interests granted hereunder shall only apply to the extent that any such prohibition is not rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity, (b) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder and (c) Collateral shall include any proceeds, products, substitutions or replacements of the property described in the first sentence of this paragraph (except to the extent such proceeds, products, substitutions or replacements are otherwise included in such property descriptions).
Appears in 2 contracts
Samples: Security Agreement (NOODLES & Co), Security Agreement (NOODLES & Co)
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all personal property of the followingGrantors of whatever type or description, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):), including the following:
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all GoodsInstruments;
(m) all InstrumentsInventory;
(n) all Inventory;
(o) all Investment Property;
(po) all Letter-of-Credit Rights;
(qp) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sq) all Patent Licenses;
(t) all Patents;
(ur) all Software;
(vs) all Supporting Obligations;
(wt) all Trademarks;
(u) all Trademark Licenses;
(v) all Vehicles, the Leases and any other agreements relating to the Vehicles to which such Grantor is party; and
(w) All other personal property of such Grantor of whatever type or description; and
(x) all Trademarks;
(y) Accessions and all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to:
(i) any lease, license or other contract if the grant of a security interest in such lease, license or contract in the manner contemplated by this Security Agreement, under the terms thereof and under applicable law, is prohibited and would result in the termination thereof; provided in each case that any such limitation on the security interests granted hereunder shall only apply to the extent that
(1) after reasonable efforts (which shall not include the payment of any additional consideration), consent from the relevant party or parties has not been obtained, and
(2) any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity; and
(aaii) the Equity Interest of a foreign Subsidiary in excess of sixty-five percent (65%) of all other assets voting Equity Interests that could result in a Tax Impediment. The Grantors and the Agent, on behalf of such Obligorthe holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (A) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (B) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 2 contracts
Samples: Credit Agreement (Greenway Medical Technologies Inc), Security Agreement (Greenway Medical Technologies Inc)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off againstagainst (subject to the terms and conditions of this Security Agreement), any and all right, title and interest of such Obligor in and to the followingall personal property of such Obligor of whatever type or description, whether now owned or existing or owned, acquired, or arising hereafter hereafter, including, without limitation, the following (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain all Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright Licenses;
(f) all Copyrights;
(g) all Deposit Accounts;
(hf) all Documents;
(ig) all Equipment;
(jh) all Fixtures;
(ki) all General Intangibles;
(l) all Goods;
(mj) all Instruments;
(nk) all Inventory;
(ol) all Investment Property;
(pm) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(un) all Software;
(vo) all Supporting Obligations;; and
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zp) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing. Any grant of a security interest and right of set off contained in this Section 2 shall not extend to any of the foregoing Collateral to the extent that (i) such rights are not assignable or capable of being encumbered as a matter of law or under the terms of any agreement applicable thereto (but solely to the extent that any such restriction shall be enforceable under applicable law), without the consent of the applicable parties thereto and (ii) such consent has not been obtained; and
(aa) provided, however, that the foregoing grant of a security interest and right of set off shall extend to any and all other assets proceeds of the foregoing to the extent that the assignment or encumbering of such Obligorproceeds is not so restricted by applicable law or under the terms of such agreements applicable thereto. The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 2 contracts
Samples: Credit Agreement (Omega Healthcare Investors Inc), Security Agreement (Omega Healthcare Investors Inc)
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 Obligor Grantor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all GoodsInstruments;
(m) all InstrumentsInventory;
(n) all Inventory;
(o) all Investment Property;
(po) all Letter-of-Credit Rights;
(qp) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sq) all Patent Licenses;
(t) all Patents;
(ur) all Software;
(vs) all Supporting Obligations;
(wt) all Trademarks;
(u) all Trademark Licenses;
(xv) all Trademarks;other personal property of such Grantor of whatever type or description; and
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zw) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to, and the “Collateral” shall not include, any Excluded Property. The Grantors and the Collateral Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 2 contracts
Samples: Security Agreement (Armstrong World Industries Inc), Security Agreement (Armstrong World Industries Inc)
Grant of Security Interest in the Collateral. (a) To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured ObligationsObligations owing by each Obligor, each Obligor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the Lendersrespective Secured Parties, a continuing security interest in, and a right to set off against, in any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(ai) all Accounts;
(bii) all cash and Cash Equivalents;
(ciii) all Chattel Paper (including Electronic Chattel Paper);
(div) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d3(a)(iv) attached hereto (as such Schedule may be updated from time to time by the Obligorssuch Obligor);
(e) all Copyright Licenses;
(fv) all Copyrights;
(gvi) all Deposit Accounts;
(hvii) all Documents;
(iviii) all Equipment;
(jix) all Fixtures;
(kx) all General Intangibles;
(lxi) all Goods;
(mxii) all Instruments;
(nxiii) all Inventory;
(oxiv) all Investment Property;
(pxv) all Letter-of-Credit Rights;
(qxvi) all Licenses;
(xvii) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (iA) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (iiB) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iiiC) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (ivD) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(rxviii) all Payment Intangibles;
(s) all Patent Licenses;
(txix) all Patents;
(uxx) all Securities Accounts;
(xxi) all Trademarks;
(xxii) all Software;
(vxxiii) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(yxxiv) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zxxv) all other personal property of any kind or type whatsoever owned by such Obligor; and
(xxvi) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing; and.
(aab) all The Obligors and the Collateral Agent, on behalf of the respective Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral is not to be construed as a present assignment of any Intellectual Property.
(c) Notwithstanding anything to the contrary contained in clause (a) above, the security interest created by this Security Agreement shall not extend to and the term “Collateral” shall not include (i) any Excluded Collateral, (ii) any Pledged Collateral (as defined in the Pledge Agreement) in which the Collateral Agent has been granted a perfected security interest pursuant to the Pledge Agreement, (iii) any SN Intercompany Notes and, to the extent not otherwise constituting Shared Collateral, any proceeds, products, substitutions or replacements thereof or (iv) any right, title or interest of the Initial Borrower, solely in its capacity as a Secured Party, in or to any agreement that grants security to the Initial Borrower in the Specified Collateral and which agreement is collaterally assigned by the Initial Borrower to the Note Trustee pursuant to the Pledge and Assignment as in effect on the date hereof.
(i) Notwithstanding anything herein or in any other assets Credit Document to the contrary, the maximum liability under this Security Agreement and under the other Credit Documents of each Obligor shall not exceed an amount equal to the largest amount that would not render such Obligor’s obligations hereunder subject to avoidance under Section 548 of the Bankruptcy Code or any equivalent provision of the law of any state and (ii) notwithstanding anything herein or in any other Indenture Document to the contrary, the maximum liability under this Security Agreement and under the other Indenture Documents of each Obligor shall not exceed an amount equal to the largest amount that would not render such Obligor’s obligations hereunder subject to avoidance under Section 548 of the Bankruptcy Code or any equivalent provision of the law of any state.
Appears in 2 contracts
Samples: Security Agreement (Capitalsource Inc), Security Agreement (Capitalsource Inc)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the followingpersonal property of the Obligors (to the extent not constituting Excluded Property), whether now owned or existing or owned, acquired, or arising hereafter hereafter, and wherever located (collectively, the “"Collateral”):") including, without limitation, the following:
(a) all Accounts;
(b) all cash and Cash Equivalents;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor the Obligors set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all GoodsInstruments;
(m) all InstrumentsInventory;
(n) all Inventory;
(o) all Investment Property;
(po) all Letter-of-Credit Rights;
(qp) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sq) all Patent Licenses;
(t) all Patents;
(ur) all Software;
(vs) all Supporting Obligations;
(wt) all Trademarks;
(u) all Trademark Licenses;
(xv) all Trademarks;Accessions; and
(yw) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 2 contracts
Samples: Credit Agreement (Signal Medical Services), Credit Agreement (Jw Childs Equity Partners Ii Lp)
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Party, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash cash, currency and Cash Equivalents;
; (c) all Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper);
; (d) those certain Commercial Tort Claims of (which shall be identified in a writing promptly delivered by such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time Grantor to time by the ObligorsSecured Party);
; (e) all Copyright Licenses;
Deposit Accounts; (f) all Copyrights;
Documents; (g) all Deposit Accounts;
Equipment; (h) all Documents;
Fixtures; (i) all Equipment;
General Intangibles; (j) all Fixtures;
Goods; (k) all General Intangibles;
Instruments; (l) all Goods;
Intellectual Property; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Payment Intangibles; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Pledged Equity; (r) all Payment Intangibles;
Securities Accounts; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Vehicles; (v) all Supporting Obligations;
books and records pertaining to the Collateral; (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
foregoing and (aax) all other assets personal property of any kind or type whatsoever now or hereafter owned by such ObligorGrantor or as to which such Grantor now or hereafter has the power to transfer interest therein. The Grantors and the Secured Party hereby acknowledge and agree that the security interest created hereby in the Collateral (a) constitutes continuing collateral security for all of the Obligations, whether now existing or hereafter arising and (b) is not to be construed as an assignment of any Intellectual Property.
Appears in 2 contracts
Samples: Security Agreement, Security Agreement (Pro Dex Inc)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Money; (c) all Chattel Paper (including Electronic Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
2 hereto; (e) all Copyright Licenses;
Copyrights; (f) all Copyrights;
Copyright Licenses; (g) all Deposit Accounts;
; (h) all Documents;
; (i) all Equipment;
; (j) all Fixtures;
; (k) all General Intangibles;
; (l) all Goods;
Instruments; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to any Excluded Property and the term “Collateral” shall be limited accordingly. The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 2 contracts
Samples: Security and Pledge Agreement (Interface Inc), Security and Pledge Agreement (Interface Inc)
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 Obligor hereby grants to the Administrative AgentServicer, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Money; (c) all Chattel Paper (including Electronic Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
2 hereto; (e) all Copyright Licenses;
Copyrights; (f) all Copyrights;
Copyright Licenses; (g) all Deposit Accounts;
; (h) all Documents;
; (i) all Equipment;
; (j) all Fixtures;
; (k) all General Intangibles;
; (l) all Goods;
; (m) all Instruments;
; (n) all Inventory;
; (o) all Investment Property;
; (p) all Letter-of-Credit Rights;
; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patents; (r) all Payment Intangibles;
Patent Licenses; (s) all Patent Licenses;
Pledged Equity; (t) all Patents;
Software; (u) all Software;
Supporting Obligations; (v) all Supporting Obligations;
Trademarks; (w) all Trademark Licenses;
; (x) all Trademarks;
books and records related to the Collateral; and (y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, Accessions and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, all Proceeds and products of any and all of the foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to any Excluded Property; and
provided that upon the occurrence of an event that renders property to no longer constitute Excluded Property, a security interest in such property shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Obligors and the Servicer, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 2 contracts
Samples: Loan Facility Agreement (Aaron's Company, Inc.), Loan Facility Agreement (Aaron's Company, Inc.)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto hereto; (as such Schedule may be updated from time to time by the Obligors);
d) all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Instruments; (l) all Goods;
Inventory; (m) all Instruments;
Investment Property; (n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (o) all Money; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to (aai) all Excluded Property and (ii) any General Intangible, permit, lease, license, contract or Instrument of an Obligor if the grant of a security interest in such General Intangible, permit, lease, license, contract or Instrument in the manner contemplated by this Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other assets of parties thereto the right to terminate, accelerate or otherwise alter such Obligor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both); provided that (a) any such limitation described in the foregoing clause (ii) on the security interests granted hereunder shall only apply to the extent that any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (b) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 2 contracts
Samples: Security and Pledge Agreement, Security and Pledge Agreement (Nautilus, Inc.)
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 As collateral security for the Secured ObligationsObligations defined below, each Obligor Debtor hereby grants to the Administrative Agent, Agent for the ratable benefit of the Lenders, Secured Creditors a continuing lien on and security interest in, and a right to set of set-off against, any and acknowledges and agrees that the Agent has and shall continue to have for the benefit of the Secured Creditors a continuing lien on and security interest in, and right of set-off against, all right, title title, and interest of such Obligor in and to the followingeach Debtor, whether now owned or existing or ownedhereafter created, acquiredacquired or arising, or arising hereafter (collectively, in and to all of the “Collateral”):following:
(a) all AccountsAccounts (including Health-Care-Insurance Receivables, if any);
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper Instruments (including Electronic Chattel PaperPromissory Notes);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)Documents;
(e) General Intangibles (including Payment Intangibles and Software, patents, trademarks, tradestyles, copyrights, and all Copyright Licensesother intellectual property rights, including all applications, registration, and licenses therefor, and all goodwill of the business connected therewith or represented thereby);
(f) all Copyrights;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(qg) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(wh) all Trademark LicensesDeposit Accounts;
(xi) all TrademarksInvestment Property (including certificated and uncertificated Securities, Securities Accounts, Security Entitlements, Commodity Accounts, and Commodity Contracts);
(yj) Inventory;
(k) Equipment (including all bookssoftware, recordswhether or not the same constitutes embedded software, ledger cardsused in the operation thereof);
(l) Fixtures;
(m) Commercial Tort Claims (as described on Schedule F hereto or on one or more supplements to this Agreement);
(n) Rights to merchandise and other Goods (including rights to returned or repossessed Goods and rights of stoppage in transit) which is represented by, filesarises from, correspondenceor relates to any of the foregoing;
(o) Monies, personal property, and interests in personal property of such Debtor of any kind or description now held by any Secured Creditor or at any time hereafter transferred or delivered to, or coming into the possession, custody or control of, any Secured Creditor, or any agent or affiliate of any Secured Creditor, whether expressly as collateral security or for any other purpose (whether for safekeeping, custody, collection or otherwise), and all dividends and distributions on or other rights in connection with any such property;
(p) Supporting evidence and documents relating to any of the above-described property, including, without limitation, computer programs, tapes, disks, tapes and related electronic data processing software (owned by media, and all rights of such Obligor or Debtor to retrieve the same from third parties, written applications, credit information, account cards, payment records, correspondence, delivery and installation certificates, invoice copies, delivery receipts, notes and other evidences of indebtedness, insurance certificates and the like, together with all books of account, ledgers, and cabinets in which it has an interest) that at any time evidence the same are reflected or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereuponmaintained;
(zq) to the extent not otherwise includedAccessions and additions to, alland substitutions and replacements of, Accessions, Proceeds and products of any and all of the foregoing; and
(aar) Proceeds and products of the foregoing, and all other assets insurance of such Obligor.the foregoing and proceeds thereof;
Appears in 2 contracts
Samples: Security Agreement (Nobel Learning Communities Inc), Security Agreement (Nobel Learning Communities Inc)
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, (a) Borrower and each Obligor Guarantor (other than Ryman Hospitality Properties, Inc.) hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):hereafter:
(ai) all Accounts;
(bii) all cash and Cash Equivalentscurrency;
(ciii) all Chattel Paper (including Electronic Chattel Paper);
(div) those certain all Commercial Tort Claims of such Obligor set forth Claims, including those identified on Schedule 2(d) 2 attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(ev) all Copyrights;
(vi) all Copyright Licenses;
(f) all Copyrights;
(gvii) all Deposit Accounts;
(hviii) all Documents;
(iix) all Equipment;
(jx) all Fixtures;
(kxi) all General Intangibles;
(l) all Goods;
(mxii) all Instruments;
(nxiii) all Inventory;
(oxiv) all Investment Property;
(pxv) all Letter-of-Credit Rights;
(qxvi) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(rxvii) all Patent Licenses;
(xviii) all Software;
(xix) all Supporting Obligations;
(xx) all Trademarks;
(xxi) all Trademark Licenses;
(xxii) all domain names;
(xxiii) all Goods;
(xxiv) all Payment Intangibles;
(sxxv) all Patent Licenses;other personal property of such Grantor of whatever type or description; and
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zxxvi) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing. and (b) Ryman Hospitality Properties, Inc., (f/k/a Xxxxxxx Entertainment Company) hereby grants to the Administrative Agent, for the benefit of the holders of the Secured Obligations, 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, in each case to the extent the same is attached to, contained in, related to, arising from or used in connection with the operation, ownership, maintenance, construction, development or marketing of or otherwise in connection with any one or more of the Borrowing Base Properties:
(i) all Copyrights;
(ii) all Copyright Licenses;
(iii) all Patents;
(iv) all Patent Licenses;
(v) all Software;
(vi) all Supporting Obligations;
(vii) all Trademarks;
(viii) all Trademark Licenses; and
(aaix) to the extent not otherwise included, all Accessions and all Proceeds of any and all of the foregoing. The property listed in clauses (a)(i)-(xxvi) and (b)(i)-(ix) above shall be collectively referred to as the “Collateral”. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not (A) extend to any Property that is subject to a Lien securing purchase money Indebtedness permitted under the Credit Agreement pursuant to documents that prohibit such Grantor from granting any other assets Liens in such Property, (B) extend to any lease, license or other contract if the grant of a security interest in such lease, license or contract in the manner contemplated by this Security Agreement is prohibited by the terms of such Obligorlease, license or contract or by law and would result in the termination of such lease, license or contract, but only to the extent that (1) after reasonable efforts, consent from the relevant party or parties has not been obtained, (2) any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity, and (3) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder, and (C) extend to any vehicles owned by any Grantor that are subject to certificates of title. The Grantors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment or license of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 2 contracts
Samples: Credit Agreement (Ryman Hospitality Properties, Inc.), Amendment No. 1 and Joinder Agreement (Ryman Hospitality Properties, Inc.)
Grant of Security Interest in the Collateral. (a) 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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(ai) all Accounts;
(bii) all cash and Cash Equivalents;
(ciii) all Chattel Paper (including Electronic Chattel Paper);
(div) those certain Commercial Tort Claims of such Obligor in excess of $3,000,000 set forth on Schedule 2(d2(a)(iv) attached hereto (as such Schedule may be updated from time to time by the Obligorssuch Obligor);
(ev) all Copyright Licenses;
(fvi) all Copyrights;
(gvii) all Deposit Accounts;
(hviii) all Documents;
(iix) all Equipment;
(jx) all Fixtures;
(kxi) all General Intangibles;
(lxii) all Goods;
(mxiii) all Instruments;
(nxiv) all Inventory;
(oxv) all Investment Property;
(pxvi) all Letter-of-Credit Rights;
(qxvii) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (iA) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (iiB) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iiiC) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (ivD) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(rxviii) all Payment Intangibles;
(sxix) all Patent Licenses;
(txx) all Patents;
(uxxi) all SoftwareTrademark Licenses;
(vxxii) all Trademarks;
(xxiii) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(yxxiv) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zxxv) all other personal property of any kind or type whatsoever owned by such Obligor; and
(xxvi) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing; and.
(aab) To secure the prompt payment and performance in full when due, whether by acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Obligor hereby grants to the Control Agent, for the benefit of the Administrative Agent (on behalf of the Lenders), a continuing security interest in, and a right to set off against, any and all other assets right, title and interest of such ObligorObligor in and to the Control Collateral, whether now owned or existing or owned, acquired, or arising hereafter.
(c) The Obligors, the Administrative Agent and the Control Agent hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as a present assignment of any Intellectual Property.
Appears in 2 contracts
Samples: Agency Succession and Amendment Agreement (GateHouse Media, Inc.), Security Agreement (GateHouse Media, Inc.)
Grant of Security Interest in the Collateral. (a) 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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(ai) all Accounts;
(bii) all cash and Cash Equivalents;
(ciii) all Chattel Paper (including Electronic Chattel Paper);
(div) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(a)(iv) attached hereto (as such Schedule may be updated from time to time by the Obligorssuch Obligor);
(ev) all Copyright Licenses;
(fvi) all Copyrights;
(gvii) all Deposit Accounts;
(hviii) all Documents;
(iix) all Equipment;
(jx) all Fixtures;
(kxi) all General Intangibles;
(lxii) all Goods;
(mxiii) all Instruments;
(nxiv) all Inventory;
(oxv) all Investment Property;
(pxvi) all Letter-of-Credit Rights;
(qxvii) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (iA) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (iiB) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iiiC) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (ivD) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(rxviii) all Payment Intangibles;
(sxix) all Patent Licenses;
(txx) all Patents;
(uxxi) all Trademark Licenses;
(xxii) all Trademarks;
(xxiii) all Securities Accounts;
(xxiv) all Software;
(vxxv) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(yxxvi) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zxxvii) all other personal property of any kind or type whatsoever owned by such Obligor; and
(xxviii) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing; and.
(aab) The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as a present assignment of any Intellectual Property.
Appears in 2 contracts
Samples: Security Agreement (Lionbridge Technologies Inc /De/), Security Agreement (Lionbridge Technologies Inc /De/)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto hereto; (as such Schedule may be updated from time to time by the Obligors);
d) all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Goods; (l) all Goods;
Instruments; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Money; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patents; (r) all Payment Intangibles;
Patent Licenses; (s) all Patent Licenses;
Pledged Equity; (t) all Patents;
Software; (u) all Software;
Supporting Obligations; (v) all Supporting Obligations;
Trademarks; (w) all Trademark Licenses;
; and (x) all Trademarks;
(y) Accessions and all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to, and the definition of “Collateral” shall not include, Excluded Property. The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 2 contracts
Samples: Credit Agreement (Dean Foods Co), Credit Agreement (WHITEWAVE FOODS Co)
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all AccountsAccounts (excluding, for the avoidance of doubt, customer accounts that are not accounts of such Grantor);
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(us) all Software;
(vt) all Supporting Obligations;
(w) all Trademark Licenses;
(xu) all Trademarks;
(yv) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;Trademark Licenses; and
(zw) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Domestic Security Agreement shall not extend to (i) any permit, lease, license, contract or other instrument of a Grantor if the grant of a security interest in such permit, lease, license, contract or other instrument (including, without limitation, any purchase agreement and any assets subject to a purchase money security interest in respect thereof) in the manner contemplated by this Domestic Security Agreement, under the terms thereof or under applicable law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Grantor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both); and
provided that any such limitation on the security interests granted hereunder shall only apply to the extent that (aaA) after reasonable efforts, consent from the relevant party or parties has not been obtained and (B) any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity, (ii) any Capital Stock in any Subsidiary and (iii) any Pledged Collateral (as defined in the Domestic Pledge Agreement). The Grantors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not and shall not be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 2 contracts
Samples: Domestic Security Agreement (GFI Group Inc.), Domestic Security Agreement (GFI Group Inc.)
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 Obligor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto hereto; (as such Schedule may be updated from time to time by the Obligors);
d) all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Goods; (l) all Goods;
Instruments; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Money; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patents; (r) all Payment Intangibles;
Patent Licenses; (s) all Patent Licenses;
Pledged Equity; (t) all Patents;
Software; (u) all Software;
Supporting Obligations; (v) all Supporting Obligations;
Trademarks; (w) all Trademark Licenses;
; and (x) all Trademarks;
(y) Accessions and all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to any Excluded Property. The Obligors and the Collateral Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses. For avoidance of doubt, the parties acknowledge that each Specified Guarantor is only granting a security interest in the Pledged Equity that is owned by such Specified Guarantor (including the Pledged Equity set forth on Schedule 1(b)) and any Proceeds of such Pledged Equity, and that such Specified Guarantor is not granting a security interest under this Agreement with respect to any other assets or property of such ObligorSpecified Guarantor. The representations, warranties and covenants of the Obligors set forth in this Agreement that relate to the Collateral shall only apply, in the case of the Specified Guarantors, to the Pledged Equity pledged by the Specified Guarantors under this Agreement.
Appears in 2 contracts
Samples: Security and Pledge Agreement (StoneX Group Inc.), Indenture (Intl Fcstone Inc.)
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 As collateral security for the Secured ObligationsObligations defined below, each Obligor Debtor hereby grants to the Administrative Agent, Agent for the ratable benefit of the Lenders, Secured Creditors a continuing lien on and security interest in, and acknowledges and agrees that the Agent has and shall continue to have for the benefit of the Secured Creditors a right to set off againstcontinuing lien on and security interest in, any and all right, title title, and interest of such Obligor in and to the followingcertain personal property of each Debtor, whether now owned or existing or ownedhereafter created, acquired, acquired or arising hereafter (collectively, the “Collateral”):identified below:
(a) all AccountsReceivables (the term “Receivables” means (i) all rights to payment for Inventory sold or leased or for services rendered, whether or not earned by performance and whether evidenced by an Account, Chattel Paper, Instrument, General Intangible, or otherwise, (ii) all accounts receivable of Debtor (including, without limitation, under any trade name, style or division thereof) arising out of the sale or lease of goods or for services rendered, (iii) all rights in, to and under all purchase orders or receipts for goods or services, and all rights to any goods represented by any of the foregoing (including, without limitation, unpaid seller’s rights of rescission, replevin, reclamation and stoppage in transit and rights to returned, reclaimed or repossessed goods), (iv) all monies due or to become due under all purchase orders and contracts for the sale of goods or the performance of services or both (whether or not yet earned by performance), and (v) all collateral security and guaranties of any kind given by any Person with respect to any of the foregoing; provided, however, that Receivables that constitute Proceeds of the Xxxx Xxxxxxx Collateral shall not be Collateral or constitute Receivables for purposes hereof);
(b) all cash Inventory and Cash Equivalentsall Documents evidencing rights in Inventory;
(c) all Chattel Paper (including Electronic Chattel Paper)supporting evidence and documents directly relating to any of the above-described property, including, without limitation, computer programs, disks, tapes and related electronic data processing media, and all rights of such Debtor to retrieve the same from third parties, written applications, credit information, account cards, payment records, correspondence, delivery and installation certificates, invoice copies, delivery receipts, notes and other evidences of indebtedness, insurance certificates and the like, together with all books of account, ledgers, and cabinets in which the same are reflected or maintained;
(d) those certain Commercial Tort Claims Proceeds of such Obligor set forth on Schedule 2(d) attached hereto the foregoing (as such Schedule may be updated from time to time including without limitation any Proceeds that are evidenced by the Obligors);
(e) all Copyright Licenses;
(f) all Copyrights;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-any Account, Chattel Paper or any Instrument, or that consist of Supporting Obligations and Letter of Credit Rights;
(q) all Material Contracts and products of the foregoing, and all insurance maintained in respect of the foregoing and the proceeds of any such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, insurance. All of the property described in clauses (a) through (d) above is referred to herein as such agreements may be amended or otherwise modified the “Collateral”. All capitalized terms which are used in this Agreement which are defined in the Uniform Commercial Code of the State of Illinois as in effect from time to time (collectively, “UCC”) shall have the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by same meanings herein as such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or terms are otherwise necessary or helpful defined in the collection thereof or realization thereupon;
(z) to the extent not UCC, unless this Agreement shall otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
(aa) all other assets of such Obligorspecifically provide.
Appears in 2 contracts
Samples: Security Agreement (Unified Western Grocers Inc), Security Agreement (Unified Western Grocers Inc)
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) 2 attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all GoodsInstruments;
(m) all InstrumentsInventory;
(n) all Inventory;
(o) all Investment Property;
(po) all Letter-of-Credit Rights;
(qp) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sq) all Patent Licenses;
(t) all Patents;
(ur) all Software;
(vs) all Supporting Obligations;
(wt) all Trademarks;
(u) all Trademark Licenses;
(xv) all Trademarks;other personal property of such Grantor of whatever type or description; and
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zw) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to (aai) all any Property that is subject to a Lien securing purchase money Indebtedness permitted under the Credit Agreement pursuant to documents that prohibit such Grantor from granting any other assets Liens in such Property, (ii) any lease, license or other contract if the grant of a security interest in such lease, license or contract in the manner contemplated by this Security Agreement is prohibited by the terms of such Obligor.lease, license or contract or by law and would result in the termination of such lease, license or contract, but only to the extent that (A) after reasonable efforts, consent from the relevant party or parties has not been obtained and
Appears in 1 contract
Samples: Security Agreement (Ict Group Inc)
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 Obligor the Debtor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing first priority security interest inin and lien on, and a right to set off against, any and all right, title and interest of such Obligor the Debtor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(ai) all Accounts;
(bii) all cash and Cash Equivalentscash;
(ciii) all Chattel Paper (including Electronic Chattel Paper);
(div) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto VII (as such Schedule may be updated from time to time by the ObligorsDebtor);
(ev) all Copyright Licenses;
(fvi) all Copyrights;
(gvii) all Deposit AccountsAccounts set forth on Schedule VI (as such Schedule may be updated from time to time by the Debtor);
(hviii) all Documents;
(iix) all Equipment;
(jx) all Fixtures;
(kxi) all General Intangibles;
(lxii) all Goods;
(mxiii) all Instruments;
(nxiv) all Inventory;
(oxv) all Investment Property;
(pxvi) all Letter-of-Credit Rights;
(qxvii) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligorthe Debtor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor the Debtor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor the Debtor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor the Debtor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor the Debtor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(rxviii) all Patent Licenses;
(xix) all Patents;
(xx) all Payment Intangibles;
(sxxi) all Patent Trademark Licenses;
(txxii) all PatentsTrademarks;
(uxxiii) all Software;
(vxxiv) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(yxxv) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor the Debtor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zxxvi) all other personal property of any kind or type whatsoever owned by the Debtor; and
(xxvii) to the extent not otherwise included, all, all Accessions, Proceeds and products Products of any and all of the foregoing; and
(aa) . The Debtor and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral constitutes a continuing collateral security interest for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising.
Appears in 1 contract
Samples: Master Financing Agreement (Zap)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto hereto;
(as such Schedule may be updated from time to time by the Obligors)d) all Copyrights;
(e) all Copyright Licenses;
(f) all CopyrightsDocuments;
(g) all Deposit AccountsEquipment, including Equipment governed by the provisions of the FILOT Leases;
(h) all DocumentsFixtures;
(i) all EquipmentGeneral Intangibles, including any Obligor’s rights, title and interest as lessee with respect to the FILOT Leases;
(j) all FixturesGoods;
(k) all General IntangiblesInstruments, including without limitation the Instruments evidencing the Debt described on Schedule 3(h) and owing to such Obligor by the issuers named therein, and all interest, 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 Instruments evidencing such Debt;
(l) all GoodsInventory;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(pn) all Letter-of-Credit Rights;
(qo) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderMoney;
(rp) all Payment IntangiblesPatents;
(sq) all Patent Licenses;
(r) all Pledged Bonds;
(s) all Pledged Deposit Accounts;
(t) all PatentsPledged Equity;
(u) all Software;
(v) all Supporting Obligations;
(w) all Trademark LicensesTrademarks;
(x) all Trademarks;Trademark Licenses; and
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, Accessions and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything in this Section 2 to the contrary, the foregoing grant of a security interest shall not be deemed to grant a security interest in, and the term “Collateral” shall exclude, (aai) all the Capital Securities of any Foreign Subsidiary other assets than the Pledged Equity of such Obligor.each Material Foreign Subsidiary and (ii) any of the property described below (the property described in clauses (I) and (II) below being hereinafter referred to as “Specific Excluded Property”):
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash EquivalentsAs-Extracted Collateral;
(c) all Chattel Paper (including Electronic Chattel Paper)Money, cash and currency;
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)all Chattel Paper;
(e) all Copyright Licensesthose Commercial Tort Claims identified on Schedule 2(e) attached hereto;
(f) all Copyrights;
(g) all Deposit AccountsCopyright Licenses;
(h) all DocumentsDeposit Accounts;
(i) all EquipmentDocuments;
(j) all Equipment;
(k) all Fixtures;
(kl) all General Intangibles;
(lm) all Goods;
(mn) all Instruments;
(no) all Inventory;
(op) all Investment Property;
(pq) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment IntangiblesPatents;
(s) all Patent Licenses;
(t) all PatentsSoftware;
(u) all SoftwareSupporting Obligations;
(v) all Supporting ObligationsTrademarks;
(w) all Trademark Licenses;
(x) all Trademarks;other personal property of such Grantor of whatever type or description; and
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein , the security interests granted under this Security Agreement shall not extend to any Property that is subject to a Lien securing Indebtedness permitted under Section 8.01(b), (aai) all or (p) of the Credit Agreement pursuant to documents that prohibit such Grantor from granting any other assets of Liens in such ObligorProperty.
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative AgentLender, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash cash, currency and Cash Equivalents;
; (c) all Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d5.20(e) attached hereto to the A&R Credit Agreement (as such Schedule may be updated from time to time by in accordance with the ObligorsA&R Credit Agreement);
; (e) all Copyright Licenses;
Deposit Accounts; (f) all Copyrights;
Documents; (g) all Deposit Accounts;
Equipment; (h) all Documents;
Fixtures; (i) all Equipment;
General Intangibles; (j) all Fixtures;
Goods; (k) all General Intangibles;
Instruments; (l) all Goods;
Intellectual Property; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property (subject to the applicable limitations set forth in the definition of Pledged Equity); (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Payment Intangibles; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Pledged Equity; (r) all Payment Intangibles;
Securities Accounts; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Vehicles; (v) all Supporting Obligations;
books and records pertaining to the Collateral; (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
foregoing and (aax) all other assets personal property of any kind or type whatsoever now or hereafter owned by such Grantor or as to which such Grantor now or hereafter has the power to transfer interest therein. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to (a) Excluded Property (including, without limitation, any Equity Interests of Subsidiaries not constituting Pledged Equity as provided in the definition thereof), (b) any General Intangible, permit, lease, license, contract or other Instrument of a Grantor to the extent the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Grantor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both) or (c) any United States intent-to-use trademark applications to the extent that, and solely during the period in which the grant of a security interest therein would impair the validity or enforceability of or render void or result in the cancellation of, any registration issued as a result of such Obligorintent-to-use trademark applications under applicable Law; provided that upon submission and acceptance by the USPTO of an amendment to allege use pursuant to 15 U.S.C. Section 1060(a) or any successor provision), such intent-to-use trademark application shall be considered Collateral; provided, further that (i) any such limitation described in the foregoing clause (b) on the security interests granted hereunder shall only apply to the extent that any such prohibition or right to terminate or accelerate or alter the Grantor’s rights is not rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (ii) in the event of the termination or elimination of any such prohibition or right or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Grantors and the Lender, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (a) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (b) is not to be construed as an assignment of any Intellectual Property.
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, acquired or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesDocuments;
(f) all CopyrightsEquipment;
(g) all Deposit AccountsFixtures;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(li) all GoodsInstruments identified on Schedule 2(i) attached hereto;
(mj) all InstrumentsIntellectual Property;
(nk) all Inventory;
(ol) all Investment Accounts;
(m) all Investment Property;
(p) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(un) all Software;
(vo) all Supporting Obligations;
(wp) all Trademark Licenses;other personal property of such Grantor of whatever type or description and
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zq) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to, and the “Collateral” shall not include, any Excluded Property. The Grantors and the Collateral Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising, and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash EquivalentsAs-Extracted Collateral;
(c) all Chattel Paper (including Electronic Chattel Paper)Money, cash and currency;
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)all Chattel Paper;
(e) all Copyright Licensesthose Commercial Tort Claims identified on Schedule 2(e) attached hereto;
(f) all Copyrights;
(g) all Deposit AccountsCopyright Licenses;
(h) all DocumentsDeposit Accounts;
(i) all EquipmentDocuments;
(j) all Equipment;
(k) all Fixtures;
(kl) all General Intangibles;
(lm) all Goods;
(mn) all Instruments;
(no) all Inventory;
(op) all Investment Property;
(pq) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment IntangiblesPatents;
(s) all Patent Licenses;
(t) all PatentsSoftware;
(u) all SoftwareSupporting Obligations;
(v) all Supporting ObligationsTrademarks;
(w) all Trademark Licenses;
(x) all Trademarks;other personal property of such Grantor of whatever type or description; and
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to (aai) all any Property that is subject to a Lien securing Indebtedness permitted under Section 8.01(b), (i) or (p) of the Credit Agreement pursuant to documents that prohibit such Grantor from granting any other assets Liens in such Property or (ii) any lease, license or other contract if the grant of a security interest in such lease, license or contract in the manner contemplated by this Security Agreement is prohibited by the terms of such Obligorlease, license or contract and would result in the termination thereof, but only to the extent that any such prohibition is not rendered ineffective pursuant to the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity.
Appears in 1 contract
Grant of Security Interest in the Collateral. To secure the prompt -------------------------------------------- payment and or performance in full when due, whether by lapse of time, acceleration, mandatory prepayment acceleration or otherwise, of the Secured Obligations, each Obligor the Borrower hereby grants grants, such grant to become effective on the Effective Date, to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, in and a right to set off against, and acknowledges and agrees that on the Effective Date the Agent will have and shall continue to have a continuing security interest in and a right of set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):and
(a) all AccountsAll equipment, including, without limitation, machinery, tools, furniture, furnishings, office equipment and trade fixtures;
(b) All accounts and receivables and all cash goods represented by or securing accounts and Cash Equivalentsreceivables;
(c) All inventory, including, without limitation, all Chattel Paper (including Electronic Chattel Paper)raw materials, all work in process and all goods held for sale or lease;
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
(e) all Copyright Licenses;
(f) all Copyrights;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other All agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements (including, without limitation, the Swap Documents) now or hereafter entered into by an Obligorthe Borrower, as such agreements may be amended or otherwise modified from time to time (collectively, the “"Assigned Agreements”"), including without limitation, (i) all rights ------------------- of an Obligor the Borrower to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor the Borrower to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor the Borrower for damages arising out of or for breach of or default under the Assigned Agreements Agreements, and (iv) the right of an Obligor the Borrower to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(re) all Payment IntangiblesAll other general intangibles;
(sf) all Patent LicensesAll instruments, documents, chattel paper, securities, policies and certificates of insurance, deposits, cash or other goods;
(tg) All federal, state and local tax refunds and claims of the Borrower, all Patentsrights in litigation of the Borrower presently or hereafter pending for any cause or claim (whether in contract, tort or otherwise), and all judgments of the Borrower now or hereafter arising therefrom;
(uh) all Software;
(v) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all All books, records, ledger files, computer software and other similar writings or evidence of the Borrower's business, including, without limitation, written applications, credit information, account cards, filespayment records, correspondence, delivery and installation certificates, invoice copies, delivery receipts, notes and other evidences of indebtedness, insurance certificates and the like, together with all books of account, ledgers and cabinets in which the same are reflected or maintained (including computer programsrecords, tapes, diskssoftware and the like), and related data processing software (owned by such Obligor all whether now existing or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereuponhereafter arising;
(zi) to All other personal property of any kind or type whatsoever owned by the extent not otherwise includedBorrower;
(j) All accessions and additions to, alland substitutions and replacements of, Accessions, Proceeds and products of any and all of the foregoing, whether now existing or hereafter arising; and
(aak) All proceeds and products of the foregoing and all insurance relating to the foregoing Collateral and all proceeds thereof (including, without limitation, insurance proceeds payable on account of business interruption), whether now existing or hereafter arising. Without limiting the generality of the foregoing but subject to the last paragraph of this Section 2, the Collateral specifically shall include the Project and all assets related to the Project, including, without limitation, the fiber optic transmission system described on Schedule 1.01(c) to the Loan Agreement, all electronic and other assets equipment associated with such system (including, without limitation, all personal property, furniture and fixtures), the Project Contracts described on Schedule C attached hereto (as such contracts -------- may be amended or modified from time to time), and other agreements pertaining to the Project (including, without limitation, all rights of the Borrower to receive the payment of money under such Obligoragreements).
Appears in 1 contract
Grant of Security Interest in the Collateral. To secure the prompt payment and performance in full when due, whether by lapse of time, stated maturity, acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Obligor hereby grants unconditionally grants, assigns and pledges to the Administrative Agent, for the ratable benefit of the Lenders, Lender a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter and wherever located (collectively, the “Collateral”):
): (a) all Accounts other than Excluded Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper other than Excluded Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d5(c) attached hereto or described in any notice sent pursuant to Section 8(i) of this Agreement; (as such Schedule may be updated from time to time by the Obligors);
d) all Documents; (e) all Copyright Licenses;
Equipment; (f) all Copyrights;
Fixtures; (g) all Deposit Accounts;
General Intangibles; (h) all Documents;
(i) all Equipment;
Instruments other than Excluded Instruments; (j) all Fixtures;
Intellectual Property, (k) all General Intangibles;
Inventory; (l) all Goods;
Investment Property; (m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (n) all Money other than Excluded Money; (o) all Pledged Equity; (p) all Receivables, including, without limitation, Receivables payable to Borrower pursuant to the MWI Settlement Agreement, but excluding the Excluded Receivables; (q) all Material Contracts and all such other agreementsowned or leased real property, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
Software; (s) all Patent Licenses;
Supporting Obligations; (t) all Patents;
other personal property not otherwise described above that is not Excluded Property; and (u) all Software;
(v) Accessions and all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
, including all collateral security and guarantees given by any Person with respect to any of the foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend or attach to any Excluded Property or the Proceeds thereof. The Obligors and Lender hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses. Recourse to security shall not be required for any Secured Obligation, and each Obligor hereby waives any requirement that Lender exhaust any right or take any action against any of the Collateral before proceeding to enforce the Secured Obligations against such Obligor.
Appears in 1 contract
Grant of Security Interest in the Collateral. To secure the prompt and full payment and complete performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, all Secured Obligations of the Secured Obligations, each Obligor hereby grants Debtor to the Administrative Lenders, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Debtor hereby grants, pledges and assigns to the Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to of set off against, any and all right, title and interest of such Obligor the Debtor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter following described property of the Debtor (collectively, the “"Collateral”"):
(a) All property of, or for the account of, the Debtor now or hereafter coming into the possession, Control or custody of, or in transit to, the Lenders or any agent or bailee for the Lenders or any parent, affiliate or subsidiary of the Lenders or any participant with the Lenders in the Loan (whether for safekeeping, deposit, collection, custody, pledge, transmission or otherwise), including all Accounts;earnings, dividends, interest, or other rights in connection therewith and the products and proceeds therefrom, including the proceeds of insurance thereon; and
(b) The additional property of the Debtor, whether now existing or hereafter arising or acquired, and wherever now or hereafter located, together with all cash additions and Cash Equivalentsaccessions thereto, substitutions for, and replacements, products and proceeds therefrom, and all of the Debtor's books and records and recorded data relating thereto (regardless of the medium of recording or storage), together with all of the Debtor's right, title and interest in and to all computer software required to utilize, create, maintain and process any such records or data on electronic media, identified and set forth as follows:
(i) All Accounts and all Goods whose sale lease or other disposition by the Debtor has given rise to Accounts and have been returned to, or repossessed or stopped in transit by, the Debtor, or rejected or refused by an Account Debtor;
(cii) all Chattel Paper (including Electronic Chattel Paper)All Inventory, including, without limitation, raw materials, work-in-process and finished goods;
(diii) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(dAll Goods, including, without limitation, embedded software, Equipment, vehicles, furniture and Fixtures
(iv) attached hereto (as such Schedule may be updated from time to time by the Obligors)All Software and computer programs;
(ev) all Copyright Licenses;
(f) all Copyrights;
(g) all All Securities, Investment Property, Financial Assets and Deposit Accounts;
(hvi) All Chattel Paper, Electronic Chattel Paper, Instruments, Documents, Letter of Credit Rights, all Documentsproceeds of letters of credit, Health-care-insurance Receivables, Supporting Obligations, notes secured by real estate, Commercial Tort Claims and General Intangibles (including, without limitation, patents, trademarks, copyrights, applications therefore and licenses thereof, and Payment Intangibles);
(ivii) all Equipment;All Commercial Tort Claims described on Schedule 1 hereto.
(jviii) all Fixtures;All insurance policies and proceeds insuring the foregoing property or any part thereof, including unearned premiums; and
(kix) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to To the extent not otherwise included, all, Accessions, all Accessions and Proceeds and products of any and all of the foregoing; and
. Debtor and the Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any copyrights, copyright licenses, patents, patent licenses, trademarks or trademark licenses (or any applications therefore).
Appears in 1 contract
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the followingfollowing personal property of the Obligors (to the extent not constituting Excluded Property (as defined herein)), whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"):
(a) all Accounts;
(b) all cash and Cash Equivalents;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor the Obligors set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright Licenses;
(f) all Copyrights;
(g) all Deposit Accounts;
(hf) all Documents;
(ig) all Equipment;
(jh) all Fixtures;
(ki) all General IntangiblesIntangibles (including Intellectual Property);
(lj) all GoodsInstruments, including without limitation the Instruments evidencing the Indebtedness described on Schedule 2(j) and owing to such Obligor by the issuers named therein, and all interest, 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 Instruments evidencing the Indebtedness;
(m) all Instruments;
(nk) all Inventory;
(ol) all Investment Property;
(pm) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(un) all Software;
(vo) all Subsidiary Equity;
(p) all Supporting Obligations;
(wq) all Trademark Licenses;Accessions; and
(xr) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; provided, however, the foregoing grant of a security interest shall be deemed not to grant a security interest in any of the property described below (such property being hereinafter referred to as "Excluded Property"):
(i) any Equipment, General Intangibles or contracts related thereto, but only to the extent that, under applicable Laws, the applicable Obligor is expressly prohibited from granting a security interest therein or applicable Laws provide for the involuntary forfeiture of the property in the event a security interest is granted therein without the consent of the appropriate Governmental Authority, or at all; provided, however, that if such prohibition or the condition requiring such consent relates only to the foreclosure of a security interest or the exercise of other rights and remedies upon a default but not to the granting of a security interest therein, then a security interest in such property shall be deemed to be granted by this Agreement subject to the condition that the consent of such Governmental Authority is obtained by the Administrative Agent prior to foreclosure or exercising its other rights or remedies hereunder as to which such consent is required;
(ii) any Equipment, General Intangibles or contracts related thereto, but only to the extent that the terms and provisions of a written agreement, document or instrument in effect on the date hereof creating or evidencing such property or any rights relating thereto expressly prohibit the granting of a security interest therein or condition the granting of a security interest therein on the consent of a third party whose consent has not been obtained or would cause, or allow a third party to cause, the forfeiture of such property upon the granting of a security interest therein (other than to the extent that any such requirement or restriction would be rendered ineffective pursuant to the UCC or other applicable Law (including Debtor Relief Laws)), provided, however, that if such prohibition or the condition requiring such consent relates only to the foreclosure of a security interest or the exercise of other rights or remedies upon a default, then a security interest in such property shall be deemed to be granted by this Agreement subject to the condition that the consent of such third party is obtained by the Administrative Agent prior to foreclosure or exercising of its other rights or remedies hereunder as to which such consent is required; and
(aaiii) any Capital Stock of Foreign Subsidiaries that does not constitute Subsidiary Equity. In the event of the termination or elimination of any prohibition or the requirement for any consent contained in any applicable law, rule, regulation, agreement, document or instrument to the extent sufficient to permit any Excluded Property to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such Excluded Property shall be automatically and simultaneously granted hereunder in such Excluded Property, and the Excluded Property automatically and simultaneously shall be deemed to be pledged to the Administrative Agent and shall be included as Collateral hereunder. The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Intellectual Property.
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all GoodsInstruments;
(m) all InstrumentsInventory;
(n) all Inventory;
(o) all Investment Property;
(po) all Letter-of-Credit Rights;
(qp) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sq) all Patent Licenses;
(t) all Patents;
(ur) all Software;
(vs) all Supporting Obligations;
(wt) all Trademarks;
(u) all Trademark Licenses;
(xv) all Trademarks;other personal property of such Grantor of whatever type or description; and
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zw) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to (aai) all any Property that is subject to a Lien securing Indebtedness permitted under Section 8.01(b), (i) or (p) of the Credit Agreement pursuant to documents that prohibit such Grantor from granting any other assets Liens in such Property or (ii) any lease, license or other contract if the grant of a security interest in such lease, license or contract in the manner contemplated by this Security Agreement is prohibited by the terms of such Obligorlease, license or contract and would result in the termination thereof, but only to the extent that (A) after reasonable efforts, consent from the relevant party or parties has not been obtained and (B) any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity. The Grantors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"):
(a) all Accounts;
(b) all cash and Cash EquivalentsEquivalents relating to Accounts or Inventory;
(c) all Chattel Paper (including Electronic Chattel Paper)relating to Accounts or Inventory;
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time all Deposit Accounts relating to time by the Obligors)Accounts or Inventory;
(e) all Copyright LicensesDocuments relating to Accounts or Inventory;
(f) all CopyrightsInstruments relating to Accounts or Inventory;
(g) all Deposit AccountsInventory;
(h) all DocumentsInvestment Property relating to Accounts or Inventory;
(i) all EquipmentLetter-of-Credit Rights relating to Accounts or Inventory;
(j) all FixturesDeposit Accounts, including, without limitation, the Lockbox Accounts, the Wachovia Cash Collateral Accounts, the Wachovia Funding Account, the Concentration Account, the WLV Joining Technologies Account and any replacement or successor accounts relating thereto;
(k) all General Intangibles;Intangibles relating to Accounts and Inventory.
(l) all GoodsSupporting Obligations relating to Accounts or Inventory;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an assignable interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zn) immediately upon the occurrence of the Trigger Event, without any further action on the part of any Obligor, all Equipment, and any and all of the foregoing relating to Equipment; and
(o) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing. The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Trademarks or Trademark Licenses. The parties hereto acknowledge and agree that any Lien, ownership interest or security interest created hereby in favor of the Agent in and to any Accounts which are sold or otherwise transferred by the Obligors in connection with the Permitted Securitization, shall be released automatically upon the sale or other transfer of any such Accounts, without any further action by any party hereto; and
(aa) all other assets provided, however, that if any of such Accounts is repurchased by, or otherwise returned to, an Obligor, such Account shall constitute Collateral hereunder.
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all GoodsInstruments;
(m) all InstrumentsInventory;
(n) all Inventory;
(o) all Investment Property;
(po) all Letter-of-Credit Rights;
(qp) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sq) all Patent Licenses;
(t) all Patents;
(ur) all Software;
(vs) all Supporting Obligations;
(wt) all Trademarks;
(u) all Trademark Licenses;
(xv) all Trademarks;other personal property of such Grantor of whatever type or description; and
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zw) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to the following (aathe “Excluded Property”): (i) all any Property that is subject to a Lien permitted under Section 8.01(i) or Section 8.01(b) pursuant to documents that prohibit such Grantor from granting any other assets Liens in such Property and (ii) any lease, license or other contract if the grant of a security interest in such lease, license or contract in the manner contemplated by this Security Agreement is prohibited by the terms of such Obligorlease, license or contract or by law and would result in the termination of, or any claim for damages or the availability of any other remedial action under, such lease, license or contract, but only to the extent that such prohibition is not rendered ineffective pursuant to the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity. Each Grantor and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 ObligationsObligations (as defined in Section 4 hereof), each Obligor Credit Party hereby grants to the Administrative Collateral Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Credit Party in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”"COLLATERAL"):
(a) all Accounts;
(b) all cash and Cash Equivalents;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor Credit Party set forth on Schedule 2(dSCHEDULE 2(C) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all GoodsInstruments;
(m) all InstrumentsInventory;
(n) all Inventory;
(o) all Investment Property;
(po) all Letter-of-Credit Rights;
(qp) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sq) all Patent Licenses;
(t) all Patents;
(ur) all Software;
(vs) all Supporting Obligations;
(wt) all Trademarks;
(u) all Trademark Licenses;
(x) all Trademarks;
(yv) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor Credit Party or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zw) all other personal property of any kind or type whatsoever owned by such Credit Party; and
(x) to the extent not otherwise included, all, Accessions, all Proceeds and products of any and all of the foregoing. Notwithstanding the foregoing provisions of this Section 2, such grant of security interest contained herein shall not extend to, and the Collateral shall not include, any Chattel Paper and General Intangibles which are now or hereafter held by a Credit Party as licensee, lessee or otherwise, to the extent that (a) such Chattel Paper and General Intangibles are not assignable or capable of being encumbered as a matter of law or under the terms of the license, lease or other agreement applicable thereto (but solely to the extent that any such restriction shall be enforceable under applicable law), without the consent of the licensor or lessor thereof or other applicable party thereto, (b) such consent has not been obtained and (c) with respect to any material contract of a Credit Party, a commercially reasonable effort has been made to obtain such consent; and
PROVIDED, HOWEVER, that the foregoing grant of security interest shall extend to, and the Collateral shall include, (aai) any and all other assets proceeds of such ObligorChattel Paper and General Intangibles to the extent that the assignment or encumbering of such proceeds is not so restricted and (ii) upon any such licensor, lessor or other applicable party's consent with respect to any such otherwise excluded Chattel Paper or General Intangibles being obtained, thereafter such Chattel Paper or General Intangibles as well as any and all proceeds thereof that might theretofore have been excluded from such grant of security interest contained herein and the Collateral. The Credit Parties and the Collateral Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any of the Intellectual Property.
Appears in 1 contract
Samples: Security Agreement (Medical Staffing Network Holdings Inc)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"):
(a) all Accounts;
(b) all cash and Cash Equivalents;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such the Obligors in which an Obligor is the claimant set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) the Insurance Account and all Inventorycash deposited therein from time to time;
(o) all Investment PropertyInventory;
(p) all Investment Property (subject to the percentage restrictions described in Section 2 of the Pledge Agreement);
(q) all Letter-of-Credit Rights;
(qr) the U.S. Lockbox Accounts, the Wachovia Clearing Account, the Wachovia Account and any replacement or successor accounts relating thereto;
(s) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “"Assigned Agreements”"), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(st) all Patent Licenses;
(tu) all Patents;
(uv) all Software;
(vw) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all Trademark Licenses;
(z) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zaa) all other personal property of any kind or type whatsoever owned by such Obligor; and
(bb) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing. The Obligors and the Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising, (ii) is not to be construed as an assignment or sale of any Intellectual Property or a right to use any Intellectual Property unless and until an Event of Default shall have occurred and be continuing and (iii) shall not include any specific contract rights to the extent the granting of a security interest therein is prohibited by or would constitute a default under any agreement or document related thereto (so long as such agreement is otherwise permitted under the Credit Agreement) (but only to the extent such prohibition is enforceable under applicable law); and
(aa) all other assets provided, however, that in no event, shall this provision have the effect of limiting the "blanket" lien nature of the foregoing granting clause except with respect to any such Obligorspecific contract rights.
Appears in 1 contract
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"):
(a) all Accounts;
(b) all cash and Cash Equivalents;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such the Obligors in which an Obligor is the claimant set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) the Insurance Account and all cash deposited therein from time to time;
(o) all Inventory;
(op) all Investment Property;
(pq) all Letter-of-Credit Rights;
(qr) the Canadian Account and any replacement or successor accounts relating thereto;
(s) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “"Assigned Agreements”"), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(st) all Patent Licenses;
(tu) all Patents;
(uv) all Software;
(vw) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all Trademark Licenses;
(z) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zaa) all other personal property of any kind or type whatsoever owned by such Obligor; and
(bb) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing. The Obligors and the Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising, (ii) is not to be construed as an assignment or sale of the ownership interest of any Intellectual Property of the Obligors or a right to use any Intellectual Property unless and until an Event of Default shall have occurred and be continuing and (iii) shall not include any specific contract rights to the extent the granting of a security interest therein is prohibited by or would constitute a default under any agreement or document related thereto (so long as such agreement is otherwise permitted under the Credit Agreement) (but only to the extent such prohibition is enforceable under applicable law); and
(aa) all other assets provided, however, that in no event, shall this provision have the effect of limiting the "blanket" lien nature of the foregoing granting clause except with respect to any such Obligorspecific contract rights.
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash cash, currency and Cash Equivalents;
; (c) all Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper);
; (d) those certain all Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
Claims; (e) all Copyright Licenses;
Deposit Accounts; (f) all Copyrights;
Documents; (g) all Deposit Accounts;
Equipment; (h) all Documents;
Fixtures; (i) all Equipment;
General Intangibles; (j) all Fixtures;
Goods; (k) all General Intangibles;
Instruments; (l) all Goods;
Intellectual Property; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Payment Intangibles; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Pledged Equity; (r) all Payment Intangibles;
Securities Accounts; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Vehicles; (v) all Supporting Obligations;
books and records pertaining to the Collateral; (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
foregoing and (aax) all other assets personal property of any kind or type whatsoever now or hereafter owned by such Grantor or as to which such Grantor now or hereafter has the power to transfer interest therein. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to (i) Excluded Property, (ii) Excluded Accounts, (iii) any General Intangible, permit, lease, license, contract or other Instrument of a Grantor to the extent the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Agreement, under the terms thereof or under Applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Grantor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both) or (iv) any United States intent-to-use trademark applications to the extent that, and solely during the period in which the grant of a security interest therein would impair the validity or enforceability of or render void or result in the cancellation of, any registration issued as a result of such Obligorintent-to-use trademark applications under Applicable Law; provided that upon submission and acceptance by the USPTO of an amendment to allege pursuant to 15 U.S.C. Section 1060(a) (or any successor provision), such intent-to-use trademark application shall be considered Collateral; provided, further that (x) any such limitation described in the foregoing clause (iii) on the security interests granted hereunder shall only apply to the extent that any such prohibition or right to terminate or accelerate or alter the Grantor’s rights could not be rendered ineffective pursuant to the UCC or any other Applicable Law (including Debtor Relief Laws) or principles of equity and (y) in the event of the termination or elimination of any such prohibition or right or the requirement for any consent contained in any Applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (a) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (b) is not to be construed as an assignment of any Intellectual Property.
Appears in 1 contract
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2 hereto; (d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Instruments; (l) all Goods;
Inventory; (m) all Instruments;
Investment Property; (n) all Inventory;
Letter-of- CHAR1\1795056v6 Credit Rights; (o) all Investment Property;
Money; (p) all Letter-of-Credit Rights;
Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to Excluded Property. For the avoidance of doubt, any and all references to Deposit Accounts (aawhether singular or plural) shall exclude Excluded Accounts. The Obligors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Obligor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c); (d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Goods; (l) all Goods;
Instruments; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Money; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patents; (r) all Payment Intangibles;
Patent Licenses; (s) all Patent Licenses;
Payment Intangibles; (t) all Patents;
Pledged Equity; (u) all Software;
; (v) all Supporting Obligations;
; (w) all Trademark Licenses;
Trademarks; (x) all Trademarks;
Trademark Licenses; and (y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, Accessions and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to, and the defined term Collateral shall not include, Excluded Property. The Obligors and the Collateral Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of the Secured Obligations, whether now existing or hereafter arising, and (ii) is not and shall not be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses. Without limiting the generality of the foregoing, it is hereby specifically understood and agreed that an Obligor may from time to time hereafter deliver additional Capital Stock to the Collateral Agent as collateral security for the Secured Obligations. Upon delivery to the Collateral Agent, such additional Capital Stock shall be deemed to be part of the Pledged Equity of such ObligorObligor and shall be subject to the terms of this Agreement whether or not Schedule 1(b) is amended to refer to such additional Capital Stock.
Appears in 1 contract
Samples: Security and Pledge Agreement (Owens & Minor Inc/Va/)
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 Obligor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the Lendersholders of the Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
currency; (c) all Chattel Paper (including Electronic Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
2 hereto; (e) all Copyright Licenses;
Copyrights; (f) all Copyrights;
Copyright Licenses; (g) all Deposit Accounts;
; (h) all Documents;
; (i) all Equipment;
; (j) all Fixtures;
; (k) all General Intangibles;
; (l) all Goods;
; (m) all Instruments;
; (n) all Inventory;
; (o) all Investment Property;
; (p) all Letter-of-Credit Rights;
; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patents; (r) all Payment Intangibles;
; (s) all Patent Licenses;
; (t) all Patents;
Pledged Equity; (u) all Software;
; (v) all Supporting Obligations;
; (w) all Trademark Licenses;
Trademarks; (x) all Trademarks;
Trademark Licenses; (y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, books and records related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in of the collection thereof or realization thereupon;
foregoing; and (z) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing. Notwithstanding anything to the contrary contained herein, the following shall not be deemed Collateral hereunder and the security interests granted under this Agreement shall not extend to (a) the Excluded Property and (b) any property for which the cost or other negative consequence to the applicable Obligor for granting a security interest therein has been determined by the Collateral Agent, in its reasonable discretion after consultation with the Borrowers, to be excessive in relation to the value of the collateral security afforded thereby; and
provided that such determination has been confirmed in writing from the Collateral Agent to the Obligors. The Obligors and the Collateral Agent, on behalf of the holders of the Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto hereto; (as such Schedule may be updated from time to time by the Obligors);
d) all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Instruments; (l) all Goods;
Inventory; (m) all Instruments;
Investment Property; (n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (o) all Money; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to any Excluded Property. The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
Samples: Security and Pledge Agreement (Rf Micro Devices Inc)
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 Obligor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the Lendersholders of the Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Money; (c) all Chattel Paper (including Electronic Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
2 hereto; (e) all Copyright Licenses;
Copyrights; (f) all Copyrights;
Copyright Licenses; (g) all Deposit Accounts;
; (h) all Documents;
; (i) all Equipment;
; (j) all Fixtures;
; (k) all General Intangibles;
; (l) all Goods;
; (m) all Instruments;
; (n) all Inventory;
; (o) all Investment Property;
; (p) all Letter-of-Credit Rights;
; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patents; (r) all Payment Intangibles;
; (s) all Patent Licenses;
; (t) all Patents;
Pledged Equity; (u) all Software;
; (v) all Supporting Obligations;
; (w) all Trademark Licenses;
Trademarks; (x) all Trademarks;
Trademark Licenses; (y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, books and records related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in of the collection thereof or realization thereupon;
foregoing; and (z) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to any Excluded Property and the term “Collateral” shall not include any Excluded Property. The Obligors and the Collateral Agent, on behalf of the holders of the Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
Samples: Pledge and Security Agreement (Viemed Healthcare, Inc.)
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 Obligor hereby grants to the Administrative AgentSecured Party, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or hereafter owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
currency; (c) all Chattel Paper (including Electronic Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
hereto; (e) all Copyright Licenses;
Copyrights; (f) all Copyrights;
Copyright Licenses; (g) all Deposit Accounts;
; (h) all Documents;
; (i) all Equipment;
; (j) all Fixtures;
; (k) all General Intangibles;
; (l) all Goods;
Instruments; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Software; (s) all Patent Licenses;
Pledged Equity; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained in any Loan Document, the security interests granted under this Agreement shall not extend to, and the Collateral shall not include, any (aai) all Excluded Property, and (ii) General Intangible, permit, lease, license, contract or other assets Instrument of an Obligor if the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Obligor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both); provided that (a) any such limitation described in the foregoing clause (ii) on the security interests granted hereunder shall only apply to the extent that any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (b) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Obligors and the Secured Party, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
Samples: Security and Pledge Agreement (InfrastruX Group, Inc.)
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, in any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, acquired or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper (Commercial Tort Claims, including Electronic Chattel Paper)those identified on Schedule 2(c) attached hereto;
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)all Confidential Information;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all EquipmentDomain Names;
(j) all Drug Applications;
(k) all Equipment;
(l) all Fixtures;
(km) all General Intangibles;
(ln) all Goods;
(mo) all Governmental Licenses;
(p) all Instruments;
(nq) all Inventory;
(or) all Investment Property;
(ps) all IP Rights;
(t) all Letter-of-Credit Rights;
(qu) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderMoney;
(rv) all Other Intellectual Property;
(w) all Other IP Agreements;
(x) all Patents;
(y) all Patent Licenses;
(z) all Payment Intangibles;
(saa) all Patent LicensesProprietary Databases;
(tbb) all PatentsProprietary Software;
(ucc) all Software;
(vdd) all Supporting Obligations;
(wee) all Trademarks;
(ff) all Trademark Licenses;
(xgg) all TrademarksTrade Secrets;
(yhh) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereuponWebsites;
(zii) to the extent not otherwise included, all, Accessions, all Website Agreements; and
(jj) all Accessions and all Proceeds and products of any and all of the foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to (i) any Excluded Property, (ii) any Pledged Collateral (as defined in the Pledge Agreement) and (iii) any General Intangible, permit, lease, license, contract or other Instrument of a Grantor if the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Security Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Grantor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both); and
provided that (aaa) any such limitation described in the foregoing clause (ii) on the security interests granted hereunder shall only apply to the extent that any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (b) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not and shall not be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks, Trademark Licenses, IP Rights, Other Intellectual Property or Other IP Agreements.
Appears in 1 contract
Samples: Security Agreement (Veracyte, Inc.)
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 Obligor Grantor hereby grants grants, assigns and pledges to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, Lien on, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter and wherever located (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash cash, currency and Cash Equivalents;
; (c) all Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d5.21(e) attached to the Credit Agreement or otherwise disclosed pursuant hereto (as such Schedule may be updated from time or to time by the Obligors);
Credit Agreement; (e) all Copyright Licenses;
Deposit Accounts and Commodities Accounts and other banks accounts and, in each case, all deposits, Securities Entitlements or Financial Assets therein; (f) all Copyrights;
Documents; (g) all Deposit Accounts;
Equipment; (h) all Documents;
Fixtures; (i) all Equipment;
General Intangibles; (j) all Fixtures;
Goods; (k) all General Intangibles;
Instruments; (l) all Goods;
Intellectual Property; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Payment Intangibles; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Pledged Equity; (r) all Payment Intangibles;
Securities Accounts and all deposits, Securities Entitlements or Financial Assets therein; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Vehicles and Railcars; (v) all Supporting Obligations;
books and records pertaining to the Collateral; (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
foregoing and (aax) all other assets personal property of any kind or type whatsoever now or hereafter owned by such Grantor or as to which such Grantor now or hereafter has the power to transfer interest therein. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to, and the following shall not constitute Collateral: (a) Excluded Property, (b) any General Intangible, permit, lease, license, contract or other Instrument of a Grantor to the extent the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Grantor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both) or (c) any United States intent-to-use trademark applications to the extent that, and solely during the period in which the grant of a security interest therein would impair the validity or enforceability of or render void or result in the cancellation of, any registration issued as a result of such Obligorintent-to-use trademark applications under applicable Law; provided that upon submission and acceptance by the USPTO of an amendment to allege pursuant to 15 U.S.C. Section 1060(a) or any successor provision), such intent-to-use trademark application shall be considered Collateral; provided, further that (i) any such limitation described in the foregoing clause (b) on the security interests granted hereunder shall only apply to the extent that any such prohibition or right to terminate or accelerate or alter the Grantor’s rights could not be rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (ii) in the event of the termination or elimination of any such prohibition or right or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (a) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (b) is not to be construed as an assignment of any Intellectual Property.
Appears in 1 contract
Samples: Security and Pledge Agreement (FreightCar America, Inc.)
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 As collateral security for the Secured ObligationsObligations defined below, each Obligor Debtor hereby grants to the Administrative Agent, Collateral Agent for the ratable benefit of the Lenders, Secured Parties a continuing lien on and security interest in, and a right to set of set-off against, any and acknowledges and agrees that the Collateral Agent has and shall continue to have until the Termination Date for the benefit of the Secured Parties a continuing lien on and security interest in, and right of set-off against, all right, title title, and interest of such Obligor in and to the followingDebtor, whether now owned or existing or ownedhereafter created, acquiredacquired or arising, or arising hereafter (collectively, in and to all of the “Collateral”):following:
(a) all Accounts;
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper Instruments (including Electronic Chattel PaperPromissory Notes);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)Documents;
(e) General Intangibles (including Payment Intangibles and Software, patents, trademarks, copyrights, and all Copyright Licensesother intellectual property rights, including all applications, registrations, and licenses therefor, and all goodwill of the business connected therewith or represented thereby);
(f) all CopyrightsLetter‑of‑Credit Rights;
(g) all Supporting Obligations;
(h) Deposit Accounts;
(h) all Documents;
(i) all EquipmentInvestment Property (including certificated and uncertificated Securities, Securities Accounts, Security Entitlements, Commodity Accounts, and Commodity Contracts);
(j) all FixturesInventory;
(k) Equipment (including all General Intangiblessoftware, whether or not the same constitutes embedded software, used in the operation thereof);
(l) all GoodsFixtures;
(m) all InstrumentsCommercial Tort Claims (as described on Schedule E hereto or on one or more supplements to this Agreement);
(n) all InventoryRights to merchandise and other Goods (including rights to returned or repossessed Goods and rights of stoppage in transit) which are represented by, arise from, or relate to any of the foregoing;
(o) Monies, personal property, and interests in personal property of such Debtor of any kind or description now held by any Secured Party or at any time hereafter transferred or delivered to, or coming into the possession, custody or control of, any Secured Party, or any agent or affiliate of any Secured Party, whether expressly as collateral security or for any other purpose (whether for safekeeping, custody, collection or otherwise), and all Investment Propertydividends and distributions on or other rights in connection with any such property;
(p) Supporting evidence and documents relating to any of the above‑described property, including, without limitation, computer programs, disks, tapes and related electronic data processing media, and all Letter-of-Credit Rightsrights of such Debtor to retrieve the same from third parties, written applications, credit information, account cards, payment records, correspondence, delivery and installation certificates, invoice copies, delivery receipts, notes and other evidences of indebtedness, insurance certificates and the like, together with all books of account, ledgers, and cabinets in which the same are reflected or maintained;
(q) all Material Contracts Accessions and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disksadditions to, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise includedsubstitutions and replacements of, all, Accessions, Proceeds and products of any and all of the foregoing; and
(aar) Proceeds and products of the foregoing, and all other assets insurance of such Obligor.the foregoing and proceeds thereof;
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all personal property of the followingGrantors of whatever type or description, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):), including the following:
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all GoodsInstruments;
(m) all InstrumentsInventory;
(n) all Inventory;
(o) all Investment Property;
(po) all Letter-of-Credit Rights;
(qp) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sq) all Patent Licenses;
(t) all Patents;
(ur) all Software;
(vs) all Supporting Obligations;
(w) all Trademark Licenses;
(xt) all Trademarks;
(yu) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;Trademark Licenses; and
(zv) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to (i) any property that is subject to a Lien securing purchase money Indebtedness or property subject to a capital lease, in each case as permitted under the Credit Agreement pursuant to documents that prohibit such Grantor from granting any other Liens in such property or (ii) any lease, license or other contract if the grant of a security interest in such lease, license or contract in the manner contemplated by this Security Agreement, under the terms thereof and under applicable law, is prohibited and would result in the termination thereof; and
provided in each case that any such limitation on the security interests granted hereunder shall only apply to the extent that (aaA) after request by the Administrative Agent and reasonable efforts on the part of the applicable Grantor, consent from the relevant party or parties has not been obtained and (B) any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Obligor hereby pledges, assigns and grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(): a) all Accounts;
; (b) all cash and Cash Equivalents;
Money; (c) all Chattel Paper (including Electronic Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
2 hereto; (e) all Copyright Licenses;
Copyrights; (f) all Copyrights;
Copyright Licenses; (g) all Deposit Accounts;
; (h) all Documents;
; (i) all Equipment;
; (j) all Fixtures;
; (k) all General Intangibles;
; (l) all Goods;
Instruments; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; (w) all Trademark Licenses;
Goods; and (x) all Trademarks;
(y) Accessions and all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to Excluded Property. The Obligors and the Administrative Agent, on behalf of the holders of the Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
Grant of Security Interest in the Collateral. (a) 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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"):
(ai) all Accounts;
(bii) all cash and Cash Equivalents;
(ciii) all Chattel Paper (including Electronic Chattel Paper);
(div) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(a)(iv) attached hereto (as such Schedule may be updated from time to time by the Obligorssuch Obligor);
(ev) all Copyright Licenses;
(fvi) all Copyrights;
(gvii) all Deposit Accounts;
(hviii) all Documents;
(iix) all Equipment;
(jx) all Fixtures;
(kxi) all General Intangibles;
(lxii) all Goods;
(mxiii) all Instruments;
(nxiv) all Inventory;
(oxv) all Investment Property;
(pxvi) all Letter-of-Credit Rights;
(qxvii) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “"Assigned Agreements”"), -------------------- including without limitation, (iA) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (iiB) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iiiC) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (ivD) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(rxviii) all Patent Licenses;
(xix) all Patents;
(xx) all Payment Intangibles;
(sxxi) all Patent Trademark Licenses;
(txxii) all PatentsTrademarks;
(uxxiii) all Securities Accounts;
(xxiv) all Software;
(vxxv) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(yxxvi) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zxxvii) all other personal property of any kind or type whatsoever owned by such Obligor; and
(xxviii) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing; and.
(aab) The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as a present assignment of any Intellectual Property.
Appears in 1 contract
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 As collateral security for the Secured ObligationsObligations defined below, each Obligor Debtor hereby grants to the Administrative Agent, Collateral Agent for the ratable benefit of the Lenders, Secured Parties a continuing lien on and security interest in, and a right to set of set-off against, any and acknowledges and agrees that the Collateral Agent has and shall continue to have until the Termination Date (as hereinafter defined) for the benefit of the Secured Parties a continuing lien on and security interest in, and right of set-off against, all right, title title, and interest of such Obligor in and to the followingDebtor, whether now owned or existing or ownedhereafter created, acquiredacquired or arising, or arising hereafter (collectively, in and to all of the “Collateral”):following:
(a) all Accounts;
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper Instruments (including Electronic Chattel PaperPromissory Notes);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)Documents;
(e) General Intangibles (including Payment Intangibles and Software, patents, trademarks, copyrights, and all Copyright Licensesother intellectual property rights, including all applications, registrations, and licenses therefor, and all goodwill of the business connected therewith or represented thereby);
(f) all Copyrights;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(qg) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(wh) all Trademark LicensesDeposit Accounts;
(xi) all TrademarksInvestment Property (including certificated and uncertificated Securities, Securities Accounts, Security Entitlements, Commodity Accounts, and Commodity Contracts);
(yj) Inventory;
(k) Equipment (including all bookssoftware, recordswhether or not the same constitutes embedded software, ledger cardsused in the operation thereof);
(l) Fixtures;
(m) Commercial Tort Claims (as described on Schedule E hereto or on one or more supplements to this Agreement);
(n) Rights to merchandise and other Goods (including rights to returned or repossessed Goods and rights of stoppage in transit) which are represented by, filesarise from, correspondenceor relate to any of the foregoing;
(o) Monies, personal property, and interests in personal property of such Debtor of any kind or description now held by any Secured Party or at any time hereafter transferred or delivered to, or coming into the possession, custody or control of, any Secured Party, or any agent or affiliate of any Secured Party, whether expressly as collateral security or for any other purpose (whether for safekeeping, custody, collection or otherwise), and all dividends and distributions on or other rights in connection with any such property;
(p) Supporting evidence and documents relating to any of the above-described property, including, without limitation, computer programs, tapes, disks, tapes and related electronic data processing software (owned by media, and all rights of such Obligor or Debtor to retrieve the same from third parties, written applications, credit information, account cards, payment records, correspondence, delivery and installation certificates, invoice copies, delivery receipts, notes and other evidences of indebtedness, insurance certificates and the like, together with all books of account, ledgers, and cabinets in which it has an interest) that at any time evidence the same are reflected or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereuponmaintained;
(zq) to the extent not otherwise includedAccessions and additions to, alland substitutions and replacements of, Accessions, Proceeds and products of any and all of the foregoing; and
(aar) Proceeds and products of the foregoing, and all other assets insurance of such Obligor.the foregoing and proceeds thereof;
Appears in 1 contract
Samples: Security Agreement (Vantiv, Inc.)
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, except as provided below, each Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash cash, currency and Cash Equivalents;
; (c) all Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d5.21(e) attached hereto to the Credit Agreement (as such Schedule may be updated from time to time by in accordance with the ObligorsCredit Agreement);
; (e) all Copyright Licenses;
Deposit Accounts; (f) all Copyrights;
Documents; (g) all Deposit Accounts;
Equipment; (h) all Documents;
Fixtures; (i) all Equipment;
General Intangibles; (j) all Fixtures;
Goods; (k) all General Intangibles;
Instruments; (l) all Goods;
Intellectual Property; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Payment Intangibles; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Pledged Equity; (r) all Payment Intangibles;
Securities Accounts; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Vehicles; (v) all Supporting Obligations;
books and records pertaining to the Collateral; (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
foregoing and (aax) all other assets personal property of the kind or type described in this paragraph 2 whatsoever now or hereafter owned by such Grantor or as to which such Grantor now or hereafter has the power to transfer interest therein. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to (i) Excluded Property, (ii) any General Intangible, permit, lease, license, contract or other Instrument of a Grantor to the extent the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Grantor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both) or (iii) any United States intent-to-use trademark applications to the extent that, and solely during the period in which the grant of a security interest therein would impair the validity or enforceability of or render void or result in the cancellation of, any registration issued as a result of such Obligor.intent-to-use trademark applications under applicable Law; provided that upon submission and acceptance by the USPTO of an amendment to allege pursuant to 15 U.S.C. Section 1060(a) (or any successor provision), such intent-to-use trademark application shall be considered Collateral; provided, further that (x) any such limitation described in the foregoing clause (ii) on the security interests granted hereunder shall only apply to the extent that any such prohibition or right to terminate or accelerate or alter the Grantor’s rights could not be rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (y) in the event of the termination or elimination of any such prohibition or right or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (A) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (B) is not to be construed as an assignment of any Intellectual Property. 4862-1549-8294, v. 6 ACTIVE/119444361.4
Appears in 1 contract
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the followingpersonal property of the Obligors (other than (i) Excluded Property and (ii) the issued and outstanding Capital Stock of (1) any Non-Pledged Subsidiary (as defined in the Credit Agreement) and (2) CII and its Subsidiaries), whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”):") including, without limitation, the following:
(a) all Accounts;
(b) all cash and Cash Equivalents;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain all Commercial Tort Claims of such Obligor the Obligors, including those set forth on Schedule 2(d) attached hereto hereto, which include all Commercial Tort Claims of the Obligors in an amount equal to or greater than One Hundred Thousand Dollars (as such Schedule may be updated from time to time by the Obligors$100,000);
(e) all Copyright LicensesDeposit Accounts;
(f) all CopyrightsDocuments;
(g) all Deposit AccountsEquipment;
(h) all DocumentsFixtures;
(i) all EquipmentGeneral Intangibles (including patents, trademarks (including the goodwill associated therewith) and copyrights and applications for any of the forgoing);
(j) all FixturesInstruments, including without limitation the Instruments evidencing the Indebtedness (the "Initial Pledged Debt") described on Schedule 2(j) and owing to such Obligor by the issuers named therein, and all interest, 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 Initial Pledged Debt;
(k) all General IntangiblesInventory;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(pm) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(un) all Software;
(vo) all Subsidiary Equity;
(p) all Supporting Obligations;
(wq) all Trademark Licenses;Accessions; and
(xr) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; provided, however, the foregoing grant of a security interest shall be deemed not to grant a security interest in any of the property described below (such property being hereinafter referred to as "Excluded Property"):
(i) any Equipment, General Intangibles or contracts related thereto, but only to the extent that, under applicable Laws, the applicable Obligor is expressly prohibited from granting a security interest therein or applicable Laws provide for the involuntary forfeiture of the property in the event a security interest is granted therein without the consent of the appropriate Governmental Authority, or at all; provided, however, that if such prohibition or the condition requiring such consent relates only to the foreclosure of a security interest or the exercise of other rights and remedies upon a default but not to the granting of a security interest therein, then a security interest in such property shall be deemed to be granted by this Agreement subject to the condition that the consent of such Governmental Authority is obtained by the Administrative Agent prior to foreclosure or exercising its other rights or remedies hereunder as to which such consent is required, and
(aaii) all other assets any Equipment, General Intangibles or contracts related thereto, but only to the extent that the terms and provisions of a written agreement, document or instrument in effect on the date hereof creating or evidencing such property or any rights relating thereto expressly prohibit the granting of a security interest therein or condition the granting of a security interest therein on the consent of a third party whose consent has not been obtained or would cause, or allow a third party to cause, the forfeiture of such Obligorproperty upon the granting of a security interest therein (other than to the extent that any such requirement or restriction would be rendered ineffective pursuant to Sections 9-407 or 9-408 of Revised Article 9 of the UCC), provided, however, that if such prohibition or the condition requiring such consent relates only to the foreclosure of a security interest or the exercise of other rights or remedies upon a default, then a security interest in such property shall be deemed to be granted by this Agreement subject to the condition that the consent of such third party is obtained by the Administrative Agent prior to foreclosure or exercising of its other rights or remedies hereunder as to which such consent is required. In the event of the termination or elimination of any prohibition or the requirement for any consent contained in any applicable law, rule, regulation, agreement, document or instrument to the extent sufficient to permit any Excluded Property to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such Excluded Property shall be automatically and simultaneously granted hereunder in such Excluded Property, and the Excluded Property automatically and simultaneously shall be deemed to be assigned and pledged to the Administrative Agent and shall be included as Collateral hereunder. The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any copyrights, patents, trademarks or any licenses therefor.
Appears in 1 contract
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the followingall personal property of such Obligor of whatever type or description, whether now owned or existing or owned, acquired, or arising hereafter hereafter, including, without limitation, the following (collectively, the “"Collateral”"):
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain all Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all GoodsInstruments;
(m) all InstrumentsInventory;
(n) all Inventory;
(o) all Investment Property;
(po) all Letter-of-Credit Rights;
(qp) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sq) all Patent Licenses;
(t) all Patents;
(ur) all Software;
(vs) all Supporting Obligations;
(w) all Trademark Licenses;
(xt) all Trademarks;
(yu) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;Trademark Licenses; and
(zv) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) 2 attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all GoodsInstruments;
(m) all InstrumentsInventory;
(n) all Inventory;
(o) all Investment Property;
(po) all Letter-of-Credit Rights;
(qp) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sq) all Patent Licenses;
(t) all Patents;
(ur) all Software;
(vs) all Supporting Obligations;
(wt) all Trademark LicensesTrade Secrets;
(xu) all Trademarks;
(yv) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;Trademark Licenses; and
(zw) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to (aai) all any Property that is subject to a Lien securing purchase money Indebtedness permitted under the Agreement pursuant to documents that prohibit such Grantor from granting any other assets Liens in such Property or (ii) any lease, license or other contract if the grant of a security interest in such lease, license or contract in the manner contemplated by this Security Agreement is prohibited by the terms of such Obligorlease, license or contract or by law and would result in the termination of such lease, license or contract, but only to the extent that (A) after reasonable efforts, consent from the relevant party or parties has not been obtained and (B) any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity. The Grantors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Obligor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing existing, or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) (i) all Accounts;
, (b) all cash and Cash Equivalents;
(cii) all Chattel Paper Paper, (including Electronic Chattel Paper);
(diii) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto (as such Schedule may be updated from time to time by in accordance with the Obligorsterms hereof);
, (eiv) all Commodity Accounts, (v) all Copyrights, (vi) all Copyright Licenses;
, (f) all Copyrights;
(gvii) all Deposit Accounts;
, (hviii) all Documents;
, (iix) all Equipment;
, (jx) all Fixtures;
, (kxi) all General Intangibles;
, (l) all Goods;
(mxii) all Instruments;
, (nxiii) all Inventory;
, (oxiv) all Investment Property;
, (pxv) all Letter-of-Credit Rights;
, (qxvi) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitationMoney, (ixvii) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned AgreementsPatents, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(sxviii) all Patent Licenses;
, (txix) all Patents;
Pledged Equity, (uxx) all Software;
, (vxxi) all Supporting Obligations;
, (wxxii) all Trademarks, (xxiii) all Trademark Licenses;
, and (xxxiv) all Trademarks;
Accessions; and (yb) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoingforegoing referred to in clause (a) above. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to, and the Collateral shall not include, any Excluded Property. The Obligors and the Collateral Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral: (A) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising; and
and (aaB) all other assets is not to be construed as an assignment of such Obligorany Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks, or Trademark Licenses.
Appears in 1 contract
Samples: Delayed Draw Bridge Credit Agreement (Spirit AeroSystems Holdings, Inc.)
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 Obligor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the followingall personal property of such Obligor of whatever type or description, whether now owned or existing or owned, acquired, or arising hereafter hereafter, including, without limitation, the following (collectively, the “"Collateral”"):
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain all Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(us) all Software;
(vt) all Supporting Obligations;
(w) all Trademark Licenses;
(xu) all Trademarks;
(yv) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;Trademark Licenses; and
(zw) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. The Obligors and the Collateral Agent, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
Grant of Security Interest in the Collateral. (a) 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 Obligor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the LendersCollateral Agent, the Trustee and the Holders (collectively, the “Secured Parties”‘), a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(ai) all Accounts;
(bii) all cash and Cash Equivalentscash equivalents;
(ciii) all Chattel Paper (including Electronic Chattel Paper);
(div) those certain Commercial Tort Claims of such the Obligors in which an Obligor is the claimant or plaintiff set forth on Schedule 2(d2(a)(iv) attached hereto (as such Schedule may be updated from time to time by the Obligors);
(ev) all Copyrights;
(vi) all Copyright Licenses;
(f) all Copyrights;
(gvii) all Deposit Accounts, all Lockbox Accounts, all Payment Accounts and any replacement or successor accounts relating thereto;
(hviii) all Documents;
(iix) all Equipment;
(jx) all Fixtures;
(kxi) all General Intangibles;
(lxii) all Goods;
(mxiii) all Instruments;
(nxiv) all Inventory;
(oxv) all Investment Property;
(pxvi) all Letter-of-Credit Rights;
(qxvii) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an ObligorAssigned Contracts, as such agreements may be amended amended, replaced, supplemented or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereundertime;
(rxviii) all Payment IntangiblesPatents;
(sxix) all Patent Licenses;
(txx) all PatentsTrademarks;
(uxxi) all Trademark Licenses;
(xxii) all Software;
(vxxiii) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(yxxiv) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zxxv) all other personal property of any kind or type whatsoever owned by such Obligor; and
(xxvi) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing; and.
(aab) Each of the Obligors and the Collateral Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as a present assignment of any Intellectual Property.
(c) Any of the foregoing clauses (a) and (b) of this Section 2 to the contrary notwithstanding, the “Collateral” shall not include, and the security interest granted herein shall not attach to, the Excluded Assets.
Appears in 1 contract
Samples: Security Agreement (Unifi Inc)
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper (including Electronic Chattel Paper)those Commercial Tort Claims identified on Schedule 2(c) attached hereto;
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)all Copyrights;
(e) all Copyright Licenses;
(f) all CopyrightsDeposit Accounts;
(g) all Deposit AccountsDocuments;
(h) all DocumentsEquipment;
(i) all EquipmentFixtures;
(j) all Fixtures;
(k) all General Intangibles;
(lk) all Goods;
(ml) all Instruments;
(nm) all Inventory;
(on) all Investment Property;
(po) all Letter-of-Credit Rights;
(p) all Money;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(us) all Software;
(vt) all Supporting Obligations;
(w) all Trademark Licenses;
(xu) all Trademarks;
(yv) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;Trademark Licenses; and
(zw) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not and shall not be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not constitute a grant of a security interest in any Excluded Property or in any of the following property (collectively with the Excluded Property, the “Excluded Assets”): any other property to the extent that and for so long as such grant of a security interest (A) is prohibited by any applicable law or requirement of law of a Governmental Authority, (B) requires a consent not obtained of any Governmental Authority pursuant to applicable law or (C) is prohibited by, or constitutes a breach or default under or results in the termination of or requires any consent not obtained under, any contract, license, agreement, instrument or other document evidencing or giving rise to such property, except to the extent that such applicable law or requirement of law or the term in such contract, license, agreement, instrument or other document or shareholder or similar agreement providing for such prohibition, breach, default or termination or requiring such consent is ineffective under applicable law (including without limitation, Section 9-406, 9-407, 9-408 and 9-409 of the UCC); and
(aa) all provided, that any proceeds or receivable or any money or other amounts due or to become due under any such contract, license, agreement, instrument or other document or shareholder or similar agreement shall not be deemed excluded from the grant of security interest under this Security Agreement. In addition, the representations and warranties in Section 4 and the covenants in Section 5 with respect to certain assets of such Obligorthe Grantors hereunder will be deemed to apply to only those assets which are not Excluded Assets.
Appears in 1 contract
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 Obligor Credit Party hereby grants to the Administrative Agent, for the ratable benefit of the Agent and the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Credit Party in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"):
(a) all Accounts;
(b) all cash and Cash Equivalents;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor the Credit Parties in which a Credit Party is the claimant or plaintiff set forth on Schedule 2(d) attached hereto hereto, if any, (as such Schedule may be updated from time to time by the ObligorsCredit Parties);
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts, Collection Accounts, Cash Concentration Accounts, Securities Accounts, and all accounts with Valley National Bank or the United Parcel Service maintained in connection with AMC-related contracts, or otherwise, and any replacement or successor accounts relating thereto;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(q) to the extent assignable, all Material Contracts and all such other agreements, contracts, leasesleases (excluding Aircraft Lease Agreements and Real Estate leases or usufructs), including, but not limited to, Aircraft Lease Agreements, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligora Credit Party, as such agreements may be amended or otherwise modified from time to time (collectively, the “"Assigned Agreements”"), including including, without limitation, (i) all rights of an Obligor a Credit Party to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor a Credit Party to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor a Credit Party for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor a Credit Party to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment IntangiblesPatents;
(s) all Patent Licenses;
(t) all PatentsTrademarks;
(u) all Software;
(v) all Supporting Obligations;
(w) all Trademark Licenses;
(v) all Software;
(w) all Spare Parts whether located at a Spare Parts Location or otherwise;
(x) all TrademarksSupporting Obligations;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (in each instance, to the extent owned by such Obligor Credit Party or in which it has an assignable interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) all other personal property of any kind or type whatsoever owned by such Credit Party; and
(aa) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing; and
. The Credit Parties and the Agent, for itself and on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Intellectual Property. Any of the foregoing to the contrary notwithstanding, the "Collateral" shall not include, and the security interest granted herein shall not attach to, any asset subject to a rule of law, statute or regulation or of an agreement or any general intangible (including a contract, permit, license or franchise) or a Permitted Lien, where the grant of such Obligorsecurity interest would invalidate or constitute a breach or violation of any such rule of law, statute, regulation, agreement or general intangible or agreement or agreements creating or giving rise to such Permitted Lien, provided that the limitation set forth in this sentence shall (i) exist only for so long as such rule of law, statute, regulation, agreement or general intangible or agreement and the Permitted Lien created therein continue to be effective (and, upon the cessation, termination, expiration of such rule of law, statute, regulation, agreement or general intangible or Permitted Lien, or if any such rule of law, statute or regulation is no longer applicable, the security interest granted herein shall be deemed to have automatically attached to such asset) and (ii) not apply with respect to any asset if and to the extent that the security interest in and to such asset granted in this Security Agreement is permitted under Sections 9-406, 9-407, 9-408, or 9-409 of the UCC.
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash cash, currency and Cash Equivalents;
; (c) all Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d5.20(d) attached hereto to the Credit Agreement (as such Schedule may be updated from time to time by in accordance with the ObligorsCredit Agreement);
; (e) all Copyright Licenses;
Deposit Accounts; (f) all Copyrights;
Documents; (g) all Deposit Accounts;
Equipment; (h) all Documents;
Fixtures; (i) all Equipment;
General Intangibles; (j) all Fixtures;
Goods; (k) all General Intangibles;
Instruments; (l) all Goods;
Intellectual Property and Intellectual Property Licenses; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Payment Intangibles; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Pledged Equity; (r) all Payment Intangibles;
Securities Accounts; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
books and records pertaining to the Collateral; (v) all Supporting Obligations;
(w) Accessions and all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
foregoing and (aaw) all other personal property of any kind or type whatsoever now or hereafter owned by such Grantor or as to which such Grantor now or hereafter has the power to transfer interest therein. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to, and the Collateral shall not include, (i) Excluded Property or (ii) United States “intent-to-use” applications to register any trademark or service xxxx xxxxx to the filing and acceptance by the USPTO under applicable Law of a verified statement of use or amendment to allege for such trademark or service mark, but only to the extent that, and solely during the period if any in which, the grant of security interest therein would impair the validity or enforceability of such “intent-to-use” trademark applications (or the resulting trademark registrations). The Grantors and the Administrative Agent, on behalf of the holders of the Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (A) constitutes continuing collateral security for all of the Obligations, whether now existing or hereafter arising and (B) is not construed as an assignment of any Intellectual Property. Notwithstanding anything in this Agreement to the contrary, (i) neither creation or perfection of pledges of or security interests in, nor the obtaining of legal opinions or other deliverables with respect to, particular assets of any Grantor shall be required, if, and for so long as and to the extent that the Administrative Agent and the US Borrower agree in writing that the cost of creating or perfecting such Obligorpledges or security interests in such assets, or obtaining such legal opinions or other deliverables in respect of such assets, shall be excessive in view of the benefits to be obtained by the holders of the Obligations therefrom, (ii) Liens required to be granted from time to time shall be subject to exceptions and limitations set forth in the Collateral Documents as in effect on the Fourth Amendment Effective Date, (iii) no perfection actions shall be required with respect to motor vehicles and other assets subject to certificates of title and (iv) in no event shall notices be required to be sent to contractual third parties prior to an enforcement event following the occurrence and continuation of an Event of Default. The Administrative Agent may grant extensions of time for the creation and perfection of security interests in or the obtaining of legal opinions or other deliverables with respect to particular assets by any Grantor where it determines that such action cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required to be accomplished by this Agreement or the Collateral Documents. For the avoidance of doubt, no control agreements with respect to Deposit Accounts or Securities Accounts are required.
Appears in 1 contract
Samples: Security and Pledge Agreement (Radius Recycling, Inc.)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto hereto; (as such Schedule may be updated from time to time by the Obligors);
d) all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles (excluding Equity Interests in any Subsidiary except insofar as such Equity Interests constitute Pledged Equity); (k) all General Intangibles;
Instruments; (l) all Goods;
Inventory; (m) all Instruments;
Investment Property (excluding Equity Interests in any Subsidiary except insofar as such Equity Interests constitute Pledged Equity); (n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (o) all Money; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, (aax) the security interests granted under this Agreement shall not extend to any Excluded Property, (y) the term “Collateral” shall not include any such Excluded Property and (z) the foregoing right of set off is subject to the provisions of Section 11.08 of the Credit Agreement. The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 acceleration or otherwise, of the Secured Obligations, each Obligor the Grantor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the Agents and the Lenders, a continuing security interest in, lien on, pledge of, collateral assignment of, and a right to set set-off against, any and all right, title and interest of such Obligor the Grantor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):hereafter:
(a) all Accounts, including all credit enhancements therefor;
(b) all cash and money, cash, Cash Equivalents, securities, and other property of any kind held directly or indirectly by any Agent or any Lender;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)all Contracts;
(e) all Copyright LicensesDeposit Accounts, credits, and balances with and other claims against any Agent or any Lender or any of their Affiliates or any other financial institution with which the Grantor maintains deposits, including any Payment Accounts;
(f) all CopyrightsDocuments;
(g) all Deposit AccountsEquipment;
(h) all DocumentsFixtures;
(i) all EquipmentGeneral Intangibles (including, without limitation, Payment Intangibles, Intercompany Accounts, and Software);
(j) all FixturesInstruments;
(k) all General IntangiblesInventory;
(l) all GoodsInvestment Property; provided that with respect to any Voting Stock of any Foreign Subsidiary (the "more than (50.0%)" ownership test for the definition of a Foreign Subsidiary to be based solely upon the direct ownership by Grantor without regard to any indirect ownership attributable to Grantor) other than Cougar, the amount of such Voting Stock of such Foreign Subsidiary (the "more than (50.0%)" ownership test for the definition of a Foreign Subsidiary to be based solely upon the direct ownership by Grantor without regard to any indirect ownership attributable to Grantor) included in the Collateral shall be limited to the maximum amount thereof that is less than or equal to 65% of the issued and outstanding Voting Stock of such Foreign Subsidiary; provided further that with respect to the Voting Stock of Cougar, the pledge and security interest granted herein shall attach only upon approval of the pledge by the Financial Services Commission of the Turks and Caicos Islands, British West Indies;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Supporting Obligations and Letter-of-Credit Rights;
(qn) all Material Contracts and Goods;
(o) all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified Commercial Tort Claims from time to time (collectively, disclosed to the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or Collateral Agent pursuant to the Assigned Agreements, (iiSections 2.4(j) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder2.5(m);
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(yp) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor the Grantor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zq) all accessions to, substitutions for, and replacements and products of any of the foregoing; and
(r) to the extent not otherwise included, all, Accessions, all Proceeds and products of any and all of the foregoing; and
, including, but not limited to, proceeds of any insurance policies, claims against third parties, and condemnation or requisition payments with respect to all or any of the foregoing. All of the foregoing, together with the Real Estate covered by each Mortgage (aa) if any), all equity interests in Subsidiaries pledged to the Collateral Agent and all other assets property of such Obligorthe Grantor in which the any Agent or any Lender may at any time be granted a Lien as collateral for the Secured Obligations, is herein collectively referred to as the "Collateral".
Appears in 1 contract
Samples: Security Agreement (Friedmans Inc)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto hereto; (as such Schedule may be updated from time to time by the Obligors);
d) all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Instruments; (l) all Goods;
Inventory; (m) all Instruments;
Investment Property; (n) all Inventory;
Letter-of- Credit Rights; (o) all Investment Property;
Money; (p) all Letter-of-Credit Rights;
Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to Excluded Property or Excluded DVU Property. The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash cash, currency, money and Cash Equivalents;
; (c) all Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper);
; (d) those certain all Commercial Tort Claims of such Obligor (including, without limitation, those set forth on Schedule 2(d5.21(e) attached hereto to the Credit Agreement (as such Schedule may be updated from time to time by in accordance with the ObligorsCredit Agreement);
); (e) all Copyright Licenses;
Deposit Accounts; (f) all Copyrights;
Documents; (g) all Deposit Accounts;
Equipment and machinery; (h) all Documents;
Fixtures; (i) all Equipment;
General Intangibles; (j) all Fixtures;
Goods; (k) all General Intangibles;
Instruments; (l) all Goods;
Inventory; (m) all Instruments;
Investment Property, Securities and Financial Assets; (n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (o) all Payment Intangibles, any and all contract rights or rights to the payment of money, all insurance claims and proceeds, all tort claims, all hedge agreements, all indemnification rights and all tax refunds; (p) all Pledged Equity; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Securities Accounts; (r) all Payment Intangibles;
Software; (s) all Patent Licenses;
Supporting Obligations; (t) all Patents;
Vehicles; (u) all Software;
books and records pertaining to the Collateral; (v) all Supporting Obligations;
(w) Accessions and all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
and (aaw) all other assets personal, real or fixture property of any kind or type whatsoever now or hereafter owned by such ObligorGrantor or as to which such Grantor now or hereafter has the power to transfer an interest therein. Notwithstanding anything to the contrary contained herein, the security interests granted in Section 2 of this Agreement shall not extend to, and the term “Collateral” shall not include, any Excluded Property; provided, however, that if and to the extent that any property shall not constitute, or cease to be, Excluded Property, the Lien and security interest granted pursuant to Section 2 of this Agreement shall immediately, and without the need for further action of any Grantor or any other Person, attach to such property, which shall thereupon form part of the Collateral. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (a) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (b) is not to be construed as an assignment, license or encumbrance of any Intellectual Property.
Appears in 1 contract
Samples: Security and Pledge Agreement (Anika Therapeutics, Inc.)
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"):
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all GoodsInstruments;
(m) all InstrumentsInventory;
(n) all Inventory;
(o) all Investment Property;
(po) all Letter-of-Credit Rights;
(qp) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sq) all Patent Licenses;
(t) all Patents;
(ur) all Software;
(vs) all Supporting Obligations;
(wt) all Trademarks;
(u) all Trademark Licenses;
(xv) all Trademarks;other personal property of such Grantor of whatever type or description; and
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zw) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to (aai) all any Property that is subject to a Lien securing Indebtedness permitted under Section 8.01(b), (i) or (p) of the Credit Agreement pursuant to documents that prohibit such Grantor from granting any other assets Liens in such Property or (ii) any lease, license or other contract if the grant of a security interest in such lease, license or contract in the manner contemplated by this Security Agreement is prohibited by the terms of such Obligorlease, license or contract and would result in the termination thereof, but only to the extent that (A) after reasonable efforts, consent from the relevant party or parties has not been obtained and (B) any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity. The Grantors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper (including Electronic Chattel Paper)those Commercial Tort Claims identified on Schedule 2(c) attached hereto;
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)all Copyrights;
(e) all Copyright Licenses;
(f) all CopyrightsDeposit Accounts;
(g) all Deposit AccountsDocuments;
(h) all DocumentsEquipment;
(i) all EquipmentFixtures;
(j) all Fixtures;
(k) all General Intangibles;
(lk) all Goods;
(ml) all Instruments;
(nm) all Inventory;
(on) all Investment Property;
(po) all Letter-of-Credit Rights;
(p) all Money;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(us) all Software;
(vt) all Supporting Obligations;
(w) all Trademark Licenses;
(xu) all Trademarks;
(yv) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;Trademark Licenses; and
(zw) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to, and the Collateral shall not include, any Excluded Property. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (aax) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising, and (y) is not and shall not be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
Samples: Security Agreement (SPX FLOW, Inc.)
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 As collateral security for the Secured ObligationsObligations defined below, each Obligor Debtor hereby grants to the Administrative Agent, Agent for the ratable benefit of the Lenders, Secured Creditors a continuing Lien on and security interest in, and a right to set of set-off against, any and acknowledges and agrees that the Administrative Agent has and shall continue to have for the benefit of the Secured Creditors a continuing Lien on and security interest in, and right of set-off against, all right, title title, and interest of such Obligor in and to the followingeach Debtor, whether now owned or existing or ownedhereafter created, acquiredacquired or arising, or arising hereafter (collectively, in and to all of the “Collateral”):following:
(a) all Accounts;
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper Instruments (including Electronic Chattel PaperPromissory Notes);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)Documents;
(e) General Intangibles (including Payment Intangibles and Software, patents, trademarks, tradestyles, copyrights, and all Copyright Licensesother intellectual property rights, including all applications, registration, and licenses therefor, and all goodwill of the business connected therewith or represented thereby);
(f) all Copyrights;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(qg) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(wh) all Trademark LicensesDeposit Accounts;
(xi) all TrademarksInvestment Property (including certificated and uncertificated Securities, Securities Accounts, Security Entitlements, Commodity Accounts, and Commodity Contracts);
(yj) Inventory;
(k) Equipment (including all bookssoftware, recordswhether or not the same constitutes embedded software, ledger used in the operation thereof);
(l) Fixtures;
(m) Commercial Tort Claims (as described on Schedule F or on one or more supplements to this Agreement);
(n) Rights to merchandise and other Goods (including rights to returned or repossessed Goods and rights of stoppage in transit) which is represented by, arises from, or relates to any of the foregoing;
(o) Monies, personal property, and interests in personal property of such Debtor of any kind or description now held by any Secured Creditor or at any time hereafter transferred or delivered to, or coming into the possession, custody or control of, any Secured Creditor, or any agent or affiliate of any Secured Creditor, whether expressly as collateral security or for any other purpose (whether for safekeeping, custody, collection or otherwise), and all dividends and distributions on or other rights in connection with any such property;
(p) Supporting evidence and documents relating to any of the above-described property, including computer programs, disks, tapes and related electronic data processing media, and all rights of such Debtor to retrieve the same from third parties, written applications, credit information, account cards, filespayment records, correspondence, computer programsdelivery and installation certificates, tapesinvoice copies, disksdelivery receipts, notes and other evidences of indebtedness, insurance certificates and the like, together with all books of account, ledgers, and related data processing software (owned by such Obligor or cabinets in which it has an interest) that at any time evidence the same are reflected or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereuponmaintained;
(zq) to the extent not otherwise includedAccessions and additions to, alland substitutions and replacements of, Accessions, Proceeds and products of any and all of the foregoing;
(r) Proceeds and products of the foregoing, and all insurance of the foregoing and proceeds thereof; and
(aas) all other assets of such Obligor.Debtor to the extent not otherwise included above;
Appears in 1 contract
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto hereto; (as such Schedule may be updated from time to time by the Obligors);
d) all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Instruments; (l) all Goods;
Inventory; (m) all Instruments;
Investment Property; (n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (o) all Money; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to (aaa) all Excluded Property and (b) any General Intangible, permit, lease, license, contract or other assets Instrument of an Obligor if the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Obligor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both); provided that (i) any such limitation described in the foregoing clause (b) on the security interests granted hereunder shall only apply to the extent that any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (ii) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. Obligors and Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (a) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (b) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash cash, currency and Cash Equivalents;
; (c) all Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
all Deposit Accounts; (e) all Copyright Licenses;
Documents; (f) all Copyrights;
Equipment; (g) all Deposit Accounts;
Fixtures; (h) all Documents;
General Intangibles; (i) all Equipment;
Goods; (j) all Fixtures;
Instruments; (k) all General Intangibles;
Intellectual Property; (l) all Goods;
Inventory; (m) all Instruments;
Investment Property; (n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (o) all Payment Intangibles; (p) all Pledged Equity; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Securities Accounts; (r) all Payment Intangibles;
Software; (s) all Patent Licenses;
Supporting Obligations; (t) all Patents;
Vehicles; (u) all Software;
books and records pertaining to the Collateral; (v) all Supporting Obligations;
(w) Accessions and all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
foregoing and (aaw) all other assets personal property of any kind or type whatsoever now or hereafter owned by such Grantor or as to which such Grantor now or hereafter has the power to transfer interest therein. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to (a) Excluded Property, (b) any General Intangible, permit, lease, license, contract or other Instrument of a Grantor to the extent the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Grantor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both) or (c) any United States intent-to-use trademark applications to the extent that, and solely during the period in which the grant of a security interest therein would impair the validity or enforceability of or render void or result in the cancellation of, any registration issued as a result of such Obligorintent-to-use trademark applications under applicable Law; provided that upon submission and acceptance by the USPTO of an amendment to allege pursuant to 15 U.S.C. Section 1060(a) or any successor provision), such intent-to-use trademark application shall be considered Collateral; provided, further that (i) any such limitation described in the foregoing clause (b) on the security interests granted hereunder shall only apply to the extent that any such prohibition or right to terminate or accelerate or alter the Grantor’s rights could not be rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (ii) in the event of the termination or elimination of any such prohibition or right or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (a) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (b) is not to be construed as an assignment of any Intellectual Property.
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, in any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper (Commercial Tort Claims, including Electronic Chattel Paperthose identified on Schedule 2(c);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)all confidential information;
(e) all Copyright Licenses;
(f) all Copyrights;
(g) all Deposit Accounts;
(hf) all Documents;
(ig) all Equipment;
(jh) all Fixtures;
(ki) all General Intangibles;
(lj) all Goods;
(mk) all Instruments;
(nl) all Inventory;
(om) all Investment Property;
(pn) all Intellectual Property;
(o) all Letter-of-Credit Rights;
(p) all license agreements (inbound or outbound) of any Intellectual Property;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderMoney;
(r) all Payment Intangibles;
(s) all Patent LicensesSoftware;
(t) all Patents;Supporting Obligations; and
(u) all Software;
(v) Accessions and all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, (aax) all other the security interests granted under this Security Agreement shall not extend to, and in no event shall the “Collateral” include, any Excluded Property and (y) the representations and covenants set forth herein regarding the assets of the Grantors shall not apply to any such ObligorExcluded Property. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Obligations, whether now existing or hereafter arising and (ii) is not and shall not be construed as an assignment of any Intellectual Property.
Appears in 1 contract
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 As collateral security for the Secured ObligationsObligations defined below, each Obligor Guarantor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, Lender a continuing lien on and security interest in, and a right to set of set-off against, any and acknowledges and agrees that the Lender has and shall continue to have a continuing lien on and security interest in, and right of set-off against, all right, title title, and interest of such Obligor in and to the followingGuarantor, whether now owned or existing or ownedhereafter created, acquiredacquired or arising, or arising hereafter (collectively, in and to all of the “Collateral”):following:
(a) all Accounts;
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper Instruments (including Electronic Chattel Paperthe Revolving Note);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)Documents;
(e) General Intangibles (including Payment Intangibles and Software, patents, trademarks, tradestyles, copyrights, and all Copyright Licensesother intellectual property rights, including all applications, registration, and licenses therefor, and all goodwill of the business connected therewith or represented thereby);
(f) all Copyrights;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(qg) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(wh) all Trademark LicensesDeposit Accounts;
(xi) all TrademarksInvestment Property (including certificated and uncertificated Securities, Securities Accounts, Security Entitlements, Commodity Accounts, and Commodity Contracts);
(yj) Inventory;
(k) Equipment (including all bookssoftware, recordswhether or not the same constitutes embedded software, ledger cardsused in the operation thereof);
(l) Fixtures;
(m) Commercial Tort Claims (as described on Schedule E hereto or on one or more supplements to this Agreement);
(n) Rights to merchandise and other Goods (including rights to returned or repossessed Goods and rights of stoppage in transit) which is represented by, filesarises from, correspondenceor relates to any of the foregoing;
(o) Monies, personal property, and interests in personal property of Guarantor of any kind or description now held by Lender or at any time hereafter transferred or delivered to, or coming into the possession, custody or control of Lender, or Lender or affiliate of Lender, whether expressly as collateral security or for any other purpose (whether for safekeeping, custody, collection or otherwise), and all dividends and distributions on or other rights in connection with any such property;
(p) Supporting evidence and documents relating to any of the above-described property, including, without limitation, computer programs, tapes, disks, tapes and related electronic data processing software (owned by such Obligor or media, and all rights of Guarantor to retrieve the same from third parties, written applications, credit information, account cards, payment records, correspondence, delivery and installation certificates, invoice copies, delivery receipts, notes and other evidences of indebtedness, insurance certificates and the like, together with all books of account, ledgers, and cabinets in which it has an interest) that at any time evidence the same are reflected or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereuponmaintained;
(zq) to the extent not otherwise includedAccessions and additions to, alland substitutions and replacements of, Accessions, Proceeds and products of any and all of the foregoing; and
(aar) Proceeds and products of the foregoing, and all other assets insurance of the foregoing and proceeds thereof; all of the foregoing being herein sometimes referred to as the “Collateral”. Notwithstanding anything herein to the contrary, in no event shall the Collateral include or the security interest granted hereunder attach to (a) any lease, license, contract, property rights or agreement to which Guarantor is a party or any of its rights or interests thereunder if and for so long as the grant of such Obligor.security interest shall constitute or result in (i) the abandonment, invalidation or unenforceability of any right, title or interest of Guarantor therein or (ii) in a breach or termination pursuant to the terms of, or a default under, any such lease, license, contract property rights or agreement (other than to the extent that any such term would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy Code) or principles of equity); provided, however, (x) that the Collateral shall include, and such security interest shall attach, immediately and automatically at such time as the condition causing such abandonment, invalidation or unenforceability shall be remedied and to the extent severable, shall attach immediately to any portion of such lease, license, contract, property rights or agreement that does not result in any of the consequences specified in (i) or (ii) above and (y) upon request of the Lender, Guarantor will in good faith use reasonable efforts to obtain consent for the creation of a security interest in favor of the Lender (and to Lender’s enforcement of such security interest) such lease, license, contract, property rights or agreement. All terms which are used in this Agreement which are defined in the Uniform Commercial Code of the State of Delaware as in effect from time to time (“UCC”) shall have the same meanings herein as such
Appears in 1 contract
Samples: Security Agreement (Advanced Life Sciences Holdings, Inc.)
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 As collateral security for the Secured Obligations, each Obligor Obligations defined below:
(a) Borrower hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Creditors, a continuing Lien on and security interest in, and a right to set off of set‑off against, any and acknowledges and agrees that the Administrative Agent has and shall continue to have for the benefit of the Secured Creditors a continuing Lien on and security interest in, and right of set‑off against, all right, title title, and interest of such Obligor in and to the followingBorrower, whether now owned or existing or ownedhereafter created, acquiredacquired or arising, in and to (i) the Pledged Account and all sums now or hereafter on deposit therein or payable thereon and all investment property in which funds in the Pledged Account may from time to time be invested (overnight or otherwise), all claims with respect thereto and all income, distributions, and sums distributable or payable from, upon, or arising hereafter in respect of the foregoing; (ii) accessions and additions to, and substitutions and replacements of, any and all of the foregoing; and (iii) proceeds and products of the foregoing, and all insurance of the foregoing and proceeds thereof (collectively, the “Pledged Account Collateral”); provided, however, that for avoidance of doubt, without derogating in any way from the Lien and security interest of Administrative Agent in Cash Collateral pursuant to the terms and provisions of the other Loan Documents, the term “Pledged Account Collateral” shall not include (and the foregoing Lien and security interest and right of set-off against the Borrower’s right, title and interest in and to the Pledged Account Collateral does not cover, include or extend to) any other of Borrower’s or any of its Subsidiary’s accounts wherever located, including any of the items described in the foregoing clauses (i) through (iii) once such items are directed to be on deposit in such of Borrower’s or any of its Subsidiary’s accounts in accordance with and subject to the provisions of Section 5(d)(ii) below; and
(b) without limiting in any way the foregoing, each Grantor, respectively, hereby grants (and, with respect to Timeshare Inventory, grants, bargains, sells, conveys, mortgages, warrants, collaterally assigns and pledges) to the Administrative Agent, for the benefit of the Secured Creditors, a Lien on and security interest in, and right of set‑off against, and acknowledges and agrees that the Administrative Agent has and shall continue to have for the benefit of the Secured Creditors a continuing Lien on and security interest in, and right of set‑off against, all right, title, and interest of each such respective Grantor, whether now owned or existing or hereafter created, acquired or arising, in such of the following as is owned by each such respective Grantor (collectively, with the Pledged Account Collateral, the “Collateral”):
(ai) (A) all AccountsTimeshare Inventory owned by any Inventory Grantor and (B) all right, title, and interest of any Inventory Grantor in and to all Timeshare Inventory held by the Bluegreen Trustee for the benefit of such Inventory Grantor under the Club Trust Agreement;
(b) all cash and Cash Equivalents;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
(e) all Copyright Licenses;
(f) all Copyrights;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty Pledged Receivables owned by BRM or guaranty with respect to the Assigned Agreements, BVU; [Bluegreen] Second Amended and Restated Security Agreement #70184708
(iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and all Securitization Collateral owned by TFRI;
(iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder accessions and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disksadditions to, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise includedsubstitutions and replacements of, all, Accessions, Proceeds and products of any and all of the foregoing; and
(aav) proceeds and products of the foregoing, and all other assets insurance of such Obligorthe foregoing and proceeds thereof.
Appears in 1 contract
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Money; (c) all Chattel Paper (including Electronic Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
2 hereto; (e) all Copyright Licenses;
Copyrights; (f) all Copyrights;
Copyright Licenses; (g) all Deposit Accounts;
; (h) all Documents;
; (i) all Equipment;
; (j) all Fixtures;
; (k) all General Intangibles;
; (l) all Goods;
Instruments; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to any Excluded Property; and
provided, however, that “Excluded Property” shall not include any Proceeds, substitutions or replacements of any Excluded Property unless such Proceeds, substitutions or replacements would independently constitute Excluded Property. The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
Samples: Security and Pledge Agreement (Acadia Healthcare Company, Inc.)
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 Obligor Grantor hereby grants unconditionally grants, pledges and assigns to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all personal and real property of every kind, including, without limitation, all of the following, whether now owned or existing or hereafter owned, acquired, existing or arising hereafter and wherever located (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash cash, currency and Cash EquivalentsPermitted Investments;
(c) all Chattel Paper (including including, without limitation, all Tangible Chattel Paper and all Electronic Chattel Paper);
(d) those certain all Commercial Tort Claims of such Obligor Claims, including those set forth on Schedule 2(d4(j) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCommodity Accounts and all assets on deposit therein;
(f) all CopyrightsContracts together with all Contract Rights;
(g) all Deposit Accounts, Securities Accounts or Commodity Accounts and all assets on deposit therein;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles (including Payment Intangibles);
(l) all Goods;
(m) all InstrumentsHealth-Care-Insurance Receivables;
(n) all Instruments;
(o) all Intellectual Property;
(p) all Inventory;
(oq) all Investment Property;
(pr) all Letter-of-Credit Rights;
(qa) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderContracts;
(rb) all Payment IntangiblesPledged Equity;
(sc) all Patent LicensesSecurities Accounts and all assets on deposit therein;
(t) all Patents;
(u) all Software;
(vd) all Supporting Obligations;
(we) all Trademark LicensesVehicles and title documents with respect to Vehicles;
(xf) all TrademarksReceivables, including, without limitation, Unearned Proceeds Collateral and any rights (whether by contract, at law or in equity) to such Receivables;
(yg) all books, other personal property whether or not subject to the UCC;
(h) all books and records, ledger cards, files, correspondence, computer programs, tapes, disks, files and related data processing software (owned by such Obligor electronic documents or in which it has an interest) programs that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;of such personal property; and
(zs) to the extent not otherwise included, all, all Accessions, all products and all Proceeds (including cash proceeds and products noncash proceeds) of any and all of the foregoing; and
(aa) . The Grantors hereby acknowledge and agree that the security interest created hereby in the Collateral constitutes continuing collateral security for all other assets of such Obligorthe Obligations, whether now existing or hereafter arising, including, without limitation, any amounts currently outstanding and any future advances.
Appears in 1 contract
Samples: Security and Pledge Agreement (Standard Premium Finance Holdings, Inc.)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto hereto; (as such Schedule may be updated from time to time by the Obligors);
d) all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Instruments; (l) all Goods;
Inventory; (m) all Instruments;
Investment Property; (n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (o) all Money; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to, and the Collateral shall not include, (aai) all Excluded Property, (ii) prior to the termination of the Existing Synthetic Lease, any “Improvements” or “Appurtenant Rights” that constitute a part of the “Subject Property” (each such term as defined in the Existing Synthetic Lease) and (iii) any General Intangible, permit, lease, license, contract or other assets Instrument of an Obligor to the extent the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Obligor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both), including any intent-to-use applications for Trademarks to the extent that, and solely during the period in which, the grant of a security interest therein would impair the validity or enforceability of such Obligorapplications under applicable law; provided that (a) any such limitation described in the foregoing clause (iii) on the security interests granted hereunder shall only apply to the extent that any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (b) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
Samples: Security and Pledge Agreement (Silicon Laboratories Inc)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, Lender a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto hereto; (as such Schedule may be updated from time to time by the Obligors);
d) all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Goods; (l) all Goods;
Instruments; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Money; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patents; (r) all Payment Intangibles;
Patent Licenses; (s) all Patent Licenses;
Pledged Equity; (t) all Patents;
Software; (u) all Software;
Supporting Obligations; (v) all Supporting Obligations;
Trademarks; (w) all Trademark Licenses;
; and (x) all Trademarks;
(y) Accessions and all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to (i) Excluded Property; and
and (aaii) all any General Intangible, permit, lease, license, contract or other assets Instrument of an Obligor to the extent the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Obligor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both); provided that (x) any such limitation described in the foregoing clause (ii) on the security interests granted hereunder shall only apply to the extent that any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (y) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Obligors and the Lender hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
Grant of Security Interest in the Collateral. To secure the prompt payment and performance under the Debentures in full when duedue (the "Secured Obligations"), whether by lapse of time, acceleration, mandatory prepayment acceleration or otherwise, of the Secured Obligations, each Obligor Grantor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the LendersDebenture Holders, a continuing first priority security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"):
(a) all Accounts;
(b) all cash Cash and Cash EquivalentsEquivalents maintained on deposit with the Collateral Agent;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
(e) all Copyright Licenses;
(f) all Copyrights;
(g) all Deposit Accounts;
(he) all Documents;
(if) all Equipment;
(jg) all Fixtures;
(kh) all General Intangibles, including without limitation Contracts;
(l) all Goods;
(mi) all Instruments;
(nj) all Inventory;
(ok) all Investment Property;
(pl) all Letter-of-Credit RightsTrademarks;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(wm) all Trademark Licenses;
(x) all Trademarks;
(yn) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor Grantor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;; and
(zo) to the extent not otherwise included, all, Accessions, all Proceeds and products of any and all of the foregoing, and Accessions and After Acquired Property; and
provided that this Agreement shall not constitute an assignment of, or a grant of a security interest in or lien on, (aai) all other assets any Contract (including any license or use agreement) if the terms of the Contract prohibit the assignment thereof or grant of a security interest or lien therein, or (ii) any Property subject to a Contract (including any license or use agreement) if the terms of the Contract prohibit the assignment of such ObligorProperty or grant of a security interest or lien in such Property. The Grantors and the Collateral Agent, on behalf of the Debenture Holders, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Trademarks or Trademark Licenses. Notwithstanding the foregoing, with respect to any and all assets purchased AHIC from Xx. Xxxxxxx and/or his entities (collectively, "Voracek") that own clinics being purchased by the Company in accordance with the terms of the Plan together with all replacement collateral thereof (collectively, the "Voracek Assets"), the Debenture Holders hereby consent and agree to (a) the granting by Grantors of a first priority purchase money security interest in favor of Voracek, and (b) the subordination of the Debenture Holders' first priority security interest in the Voracek Assets to a properly perfected purchase money security interest in favor of Voracek.
Appears in 1 contract
Samples: Security Agreement (American Healthchoice Inc /Ny/)
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 As collateral security for the Secured ObligationsObligations defined below, each Obligor Debtor hereby grants to the Administrative Agent, Agent for the ratable benefit of the Lenders, Secured Creditors a continuing lien on and security interest in, and a right to set of set-off against, any and acknowledges and agrees that the Agent has and shall continue to have for the benefit of the Secured Creditors a continuing lien on and security interest in, and right of set-off against, all right, title title, and interest of such Obligor in and to the followingeach Debtor, whether now owned or existing or ownedhereafter created, acquiredacquired or arising, or arising hereafter (collectively, in and to all of the “Collateral”):following:
(a) Accounts (including all AccountsHealth-Care-Insurance Receivables, if any);
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper Instruments (including Electronic Chattel PaperPromissory Notes);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)Documents;
(e) General Intangibles (including Payment Intangibles and Software, patents, trademarks, tradestyles, copyrights, and all Copyright Licensesother intellectual property rights, including all applications, registration, and licenses therefor, and all goodwill of the business connected therewith or represented thereby);
(f) all Copyrights;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(qg) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(wh) all Trademark LicensesDeposit Accounts;
(xi) all TrademarksInvestment Property (including certificated and uncertificated Securities, Securities Accounts, Security Entitlements, Commodity Accounts, and Commodity Contracts);
(yj) Inventory;
(k) Equipment (including all bookssoftware, recordswhether or not the same constitutes embedded software, ledger cardsused in the operation thereof);
(l) Fixtures;
(m) Commercial Tort Claims (as described on Schedule F hereto or on one or more supplements to this Agreement);
(n) Rights to merchandise and other Goods (including rights to returned or repossessed Goods and rights of stoppage in transit) which is represented by, filesarises from, correspondenceor relates to any of the foregoing;
(o) Monies, personal property, and interests in personal property of such Debtor of any kind or description now held by any Secured Creditor or at any time hereafter transferred or delivered to, or coming into the possession, custody or control of, any Secured Creditor, or any agent or affiliate of any Secured Creditor, whether expressly as collateral security or for any other purpose (whether for safekeeping, custody, collection or otherwise), and all dividends and distributions on or other rights in connection with any such property;
(p) Supporting evidence and documents relating to any of the above-described property, including, without limitation, computer programs, tapes, disks, tapes and related electronic data processing software (owned by media, and all rights of such Obligor or Debtor to retrieve the same from third parties, written applications, credit information, account cards, payment records, correspondence, delivery and installation certificates, invoice copies, delivery receipts, notes, and other evidences of indebtedness, insurance certificates and the like, together with all books of account, ledgers, and cabinets in which it has an interest) that at any time evidence the same are reflected or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereuponmaintained;
(zq) to the extent not otherwise includedAccessions and additions to, alland substitutions and replacements of, Accessions, Proceeds and products of any and all of the foregoing; and
(aar) Proceeds and products of the foregoing, and all other assets insurance of such Obligor.the foregoing and proceeds thereof;
Appears in 1 contract
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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, in any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper (including Electronic Chattel Paper)Commercial Tort Claims now or hereafter identified on Schedule 2(c) attached hereto;
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)all Confidential Information;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all EquipmentDomain Names;
(j) all Drug Applications;
(k) all Equipment;
(l) all Fixtures;
(km) all General Intangibles;
(ln) all Goods;
(mo) all Governmental Licenses;
(p) all Instruments;
(nq) all Inventory;
(or) all Investment Property;
(ps) all IP Rights;
(t) all Letter-of-Credit Rights;
(qu) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderMoney;
(rv) all Other Intellectual Property;
(w) all Other IP Agreements;
(x) all Patents;
(y) all Patent Licenses;
(z) all Payment Intangibles;
(saa) all Patent LicensesProprietary Databases;
(tbb) all PatentsProprietary Software;
(ucc) all Software;
(vdd) all Supporting Obligations;
(wee) all Trademarks;
(ff) all Trademark Licenses;
(xgg) all TrademarksTrade Secrets;
(yhh) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereuponWebsites;
(zii) to the extent not otherwise included, all, Accessions, all Website Agreements; and
(jj) all Accessions and all Proceeds and products of any and all of the foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Security Agreement shall not extend to any Excluded Property and the term “Collateral” (and each component definition thereof) shall, for the avoidance of doubt, be deemed to exclude any Excluded Property; and
provided, however, that, Excluded Property shall not include any Proceeds, products, substitutions or replacements of any Excluded Property (aaunless such Proceeds, products, substitutions or replacements would themselves constitute Excluded Property). The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Obligations, whether now existing or hereafter arising and (ii) is not and shall not be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks, Trademark Licenses, IP Rights, Other Intellectual Property or Other IP Agreements. Each Grantor may have entered into other assets Collateral Documents governed under laws other than that of the State of New York. Nothing herein is intended to replace, amend or modify any security granted under such Collateral Documents or the terms of such ObligorCollateral Documents and the security granted herein and the terms herein shall in all respects be read to supplement the security grant and the terms presented under such Collateral Documents. For the avoidance of doubt, if there is a contradiction in any provision herein and any provision in such other Collateral Documents, (a) Administrative Agent shall make a determination in its reasonable judgment with respect to what jurisdiction the Collateral covered by such provisions is situated or deemed to be situated and (b) the provisions in the Collateral Documents of that jurisdiction shall control. Without limiting the immediately preceding paragraph, but notwithstanding any other provision herein, to the extent there is a conflict between this Security Agreement and any Collateral Document to which a Grantor not organized in the United States is a party, the representations and covenants given by any such Grantor herein, including in respect of any of its Collateral (whether by reference to a specific class, category or otherwise thereof), shall only apply to and in respect of its Collateral that is situated or deemed to be situated in the United States.
Appears in 1 contract
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 As collateral security for the Secured Obligations defined below (and, to the extent provided in Section 15, the 2029/2032 Notes Obligations), each Obligor Debtor hereby grants to the Administrative AgentCollateral Agent for the benefit of the Secured Parties (and, to the extent provided in Section 15, for the ratable benefit of the Lenders2029/2032 Notes Secured Parties) a lien on and security interest in and acknowledges and agrees that the Collateral Agent has and shall continue to have until the Termination Date for the benefit of the Secured Parties (and, to the extent provided in Section 15, for the benefit of the 2029/2032 Notes Secured Parties) a continuing lien on and security interest in, and a right to set of set-off against, any and all right, title title, and interest of such Obligor in and to the followingDebtor, whether now owned or existing or ownedhereafter created, acquiredacquired or arising, or arising hereafter (collectively, in and to all of the “Collateral”):following:
(a) all Accounts;
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper Instruments (including Electronic Chattel PaperPromissory Notes and Intercompany Notes);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)Documents;
(e) all Copyright LicensesGeneral Intangibles (including Payment Intangibles and Intellectual Property Collateral);
(f) all Copyrights;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(qg) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(wh) all Trademark LicensesDeposit Accounts;
(xi) all TrademarksInvestment Property (including certificated and uncertificated Securities, Securities Accounts, Security Entitlements, Commodity Accounts, and Commodity Contracts);
(yj) Inventory;
(k) Equipment (including all bookssoftware, recordswhether or not the same constitutes embedded software, ledger cardsused in the operation thereof);
(l) Fixtures;
(m) Commercial Tort Claims (as described on Schedule 7 to the Perfection Certificate or on one or more supplements to the Perfection Certificate);
(n) Goods;
(o) Personal property, filesand interests in personal property of such Debtor of any kind or description now held by any Secured Party or at any time hereafter transferred or delivered to, correspondenceor coming into the possession, custody or control of, any Secured Party or any agent or affiliate of any Secured Party whether expressly as collateral security or for any other purpose (whether for safekeeping, custody, collection or otherwise), and all dividends and distributions on or other rights in connection with any such property;
(p) Supporting evidence and documents relating to any of the above-described property, including, without limitation, computer programs, tapes, disks, tapes and related electronic data processing software (owned by such Obligor or media, written applications, credit information, account cards, payment records, correspondence, delivery and installation certificates, invoice copies, delivery receipts, notes and other evidences of indebtedness, insurance certificates and the like, together with all books of account, ledgers, and cabinets in which it has an interest) that at any time evidence the same are reflected or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereuponmaintained;
(zq) to the extent not otherwise includedAccessions and additions to, alland substitutions and replacements of, Accessions, Proceeds and products of any and all of the foregoing; and
(aar) Proceeds and products of the foregoing, and all other assets insurance of such Obligor.the foregoing and proceeds thereof;
Appears in 1 contract
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 As collateral security for the Secured ObligationsObligations defined below, each Obligor Debtor hereby grants to the Administrative Agent, Agent for the ratable benefit of the Lenders, Secured Creditors a continuing lien on and security interest in, and a right to set of set-off against, any and acknowledges and agrees that the Agent has and shall continue to have for the benefit of the Secured Creditors a continuing lien on and security interest in, and right of set-off against, all right, title title, and interest of such Obligor in and to the followingall personal property and fixtures of each Debtor, whether now owned or existing or ownedhereafter created, acquiredacquired or arising, or arising hereafter (collectively, including all of the “Collateral”):following:
(a) all AccountsAccounts (including Health-Care-Insurance Receivables, if any);
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper Instruments (including Electronic Chattel PaperPromissory Notes);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)Documents;
(e) General Intangibles (including Payment Intangibles and Software, patents, trademarks, tradestyles, copyrights, and all Copyright Licensesother intellectual property rights, including all applications, registration, and licenses therefor, and all goodwill of the business connected therewith or represented thereby);
(f) all Copyrights;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(qg) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(wh) all Trademark LicensesDeposit Accounts;
(xi) all TrademarksInvestment Property (including certificated and uncertificated Securities, Securities Accounts, Security Entitlements, Commodity Accounts, and Commodity Contracts);
(yj) Inventory;
(k) Equipment (including all bookssoftware, recordswhether or not the same constitutes embedded software, ledger cardsused in the operation thereof);
(l) Fixtures;
(m) Commercial Tort Claims (as described on Schedule F hereto or on one or more supplements to this Agreement);
(n) Rights to merchandise and other Goods (including rights to returned or repossessed Goods and rights of stoppage in transit) which is represented by, filesarises from, correspondenceor relates to any of the foregoing;
(o) Monies, personal property, and interests in personal property of such Debtor of any kind or description now held by any Secured Creditor or at any time hereafter transferred or delivered to, or coming into the possession, custody or control of, any Secured Creditor, or any agent or affiliate of any Secured Creditor, whether expressly as collateral security or for any other purpose (whether for safekeeping, custody, collection or otherwise), and all dividends and distributions on or other rights in connection with any such property;
(p) Supporting evidence and documents relating to any of the above-described property, including, without limitation, computer programs, tapes, disks, tapes and related electronic data processing software (owned by media, and all rights of such Obligor or Debtor to retrieve the same from third parties, written applications, credit information, account cards, payment records, correspondence, delivery and installation certificates, invoice copies, delivery receipts, notes and other evidences of indebtedness, insurance certificates and the like, together with all books of account, ledgers, and cabinets in which it has an interest) that at any time evidence the same are reflected or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereuponmaintained;
(zq) to the extent not otherwise includedAccessions and additions to, alland substitutions and replacements of, Accessions, Proceeds and products of any and all of the foregoing; and
(aar) Proceeds and products of the foregoing, and all other assets insurance of the foregoing and proceeds thereof; all of the foregoing being herein sometimes referred to as the “Collateral”. All terms which are used in this Agreement which are defined in the Uniform Commercial Code of the State of Illinois as in effect from time to time (“UCC”) shall have the same meanings herein as such Obligor.terms are defined in the UCC, unless this Agreement shall otherwise specifically provide. For purposes of this Agreement, the term “Receivables” means all rights to the payment of a
Appears in 1 contract
Samples: Security Agreement (Nobel Learning Communities Inc)
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 Obligor Grantor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
(b) all cash and Cash Equivalentscurrency;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth identified on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesCopyrights;
(f) all CopyrightsCopyright Licenses;
(g) all Deposit Accounts;
(h) all Documents;
(i) all Equipment;
(j) all Fixtures;
(k) all General Intangibles;
(l) all GoodsInstruments;
(m) all InstrumentsInventory;
(n) all Inventory;
(o) all Investment Property;
(po) all Letter-of-Credit Rights;
(qp) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunderPatents;
(r) all Payment Intangibles;
(sq) all Patent Licenses;
(t) all Patents;
(ur) all Software;
(vs) all Supporting Obligations;
(wt) all Trademarks;
(u) all Trademark Licenses;
(xv) all Trademarks;other personal property of such Grantor of whatever type or description; and
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zw) to the extent not otherwise included, all, Accessions, all Accessions and all Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, neither the security interests granted under this Security Agreement nor any provision of or notice under this Security Agreement shall extend to (aaand “Collateral” shall not include) all (i) any Property that is subject to a Lien securing purchase money Indebtedness permitted under the Credit Agreement pursuant to documents that prohibit such Grantor from granting any other assets Liens in such Property, (ii) any lease, license or other contract if the grant of a security interest in such lease, license or contract in the manner contemplated by this Security Agreement is prohibited by the terms of such Obligorlease, license or contract or by law and would result in the termination of such lease, license or contract, but only to the extent that (A) after reasonable efforts, consent from the relevant party or parties has not been obtained and (B) any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable law (including Debtor Relief Laws) or principles of equity or (iii) any Securitization Related Property. The Grantors and the Collateral Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, in any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2 hereto; (d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Instruments; (l) all Goods;
Inventory; (m) all Instruments;
Investment Property; (n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (o) all Money; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to and the definition of “Collateral” shall not include (i) Excluded Property and (ii) any General Intangible, permit, lease, license, contract or other Instrument of an Obligor if the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Obligor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both); and
provided that (aaa) any such limitation described in the foregoing clause (ii) on the security interests granted hereunder shall only apply to the extent that any such prohibition is rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (b) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder upon such termination or elimination of such prohibition or requirement for consent or the grant of such consent. The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses. Anything herein to the contrary notwithstanding, (i) each Obligor shall remain liable under all other assets contracts, agreements and Instruments included in, giving rise to, creating, establishing, evidencing or relating to the Collateral to the extent set forth therein to perform all of its duties and obligations to the same extent as if this Agreement had not been executed, (ii) the exercise by the Administrative Agent of any of its rights hereunder shall not release any Obligor from any of its duties or obligations under such Obligorcontracts, agreements or Instruments, and (iii) neither the Administrative Agent nor any Lender shall have any obligation or liability under any such contract, agreement or Instrument by reason of this Agreement, nor shall the Administrative Agent nor any Lender be obligated to perform any of the obligations or duties of any Obligor thereunder or to take any action to collect or enforce any claim for payment or other right or privilege assigned to the Administrative Agent hereunder.
Appears in 1 contract
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenderspermitted holders of the Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Money; (c) all Chattel Paper (including Electronic Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
2 hereto; (e) all Copyright Licenses;
Copyrights; (f) all Copyrights;
Copyright Licenses; (g) all Deposit Accounts;
; (h) all Documents;
; (i) all Equipment;
; (j) all Fixtures;
; (k) all General Intangibles;
; (l) all Goods;
Instruments; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to Excluded Property. The Obligors and the Administrative Agent, on behalf of the holders of the Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of such Obligorthe Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Parity Lien Obligations, each Obligor hereby grants to the Administrative AgentCollateral Trustee, for the ratable benefit of the LendersParity Lien Secured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the followingfollowing Property of such Obligor, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(a) all Accounts;
Chattel Paper; (b) all cash and Cash Equivalents;
Commercial Tort Claims, including those from time to time specifically set forth on Schedule 4(j); (c) all Chattel Paper (including Electronic Chattel Paper);
Copyrights owned by such Obligor; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
(e) all Copyright Licenses;
; (e) the PP&E Proceeds Account and any replacement or successor account relating thereto, and all deposits and other sums at any time credited to the PP&E Proceeds Account, including any sums in any blocked or lockbox account or any account into which such sums are swept; (f) all Copyrights;
Documents; (g) all Deposit Accounts;
Equipment; (h) all Documents;
Fixtures; (i) all Equipment;
General Intangibles; (j) all Fixtures;
Goods; (k) all General Intangibles;
Instruments; (l) all Goods;
Investment Property (m) all Instruments;
Patents owned by such Obligor; (n) all Inventory;
Patent Licenses; (o) all Investment Property;
Software; (p) all Letter-of-Credit Rights;
Supporting Obligations; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
; (zr) to all Trademarks owned by such Obligor; (s) all Trademark Licenses; (t) all Trade Secrets owned by such Obligor; (u) all Trade Secret Licenses; and (v) all Accessions and all Proceeds (including Accounts or other payment obligations constituting the extent not otherwise included, all, Accessions, Proceeds and products proceeds of Collateral) of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to, and “Collateral” shall not include, (aai) Excluded Property or (ii) any Working Capital Priority Collateral. Neither the Trustee nor the Collateral Trustee shall have any duty or obligation of any nature whatsoever to determine whether an item is or should be become Collateral hereunder and either of them may conclusively rely on the Obligors’ determination with respect thereto. The security interest created hereby in the Collateral (i) constitutes continuing collateral security for all other assets of such Obligorthe Parity Lien Obligations, whether now existing or hereafter arising and (ii) is not to be construed as a present assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
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 Obligor hereby pledges and grants to the Administrative Agent, for the ratable benefit of the Lenders, a Lien on, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the followingpersonal property of such Obligor, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”):") including, without limitation, the following:
(a) all Accounts;
(b) all money, cash and Cash Equivalents;
(c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)hereto;
(e) all Copyright LicensesContracts;
(f) all Copyrights;
(g) all Deposit AccountsCopyright Licenses;
(h) all DocumentsDeposit Accounts;
(i) all EquipmentDocuments;
(j) all FixturesEquipment;
(k) all General IntangiblesFixtures;
(l) all GoodsGeneral Intangibles (including payment intangibles (as defined in the UCC));
(m) all InstrumentsGoods;
(n) all Instruments;
(o) all Inventory;
(op) all Investment Property;
(pq) all Letter-of-Credit Rights;
(q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment IntangiblesPatents;
(s) all Patent Licenses;
(t) all PatentsSoftware;
(u) all SoftwareSupporting Obligations;
(v) all Supporting ObligationsTrademarks;
(w) all Trademark Licenses;
(x) all TrademarksAccessions;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, all Proceeds and products of any and all of the foregoing and all collateral security and guarantees given by any Person with respect to any of the foregoing; and
(aaz) all other assets tangible and intangible property of such Obligor, including, without limitation, tort claims, rents, profits, income, benefits, substitutions, additions and replacements of and to any of the property of such Obligor described in the preceding clauses of this Section 3 (including, without limitation, any proceeds of insurance thereon, insurance claims and all rights, claims and benefits against any Person relating thereto), other rights to payments not otherwise included in the foregoing, and all books, correspondence, files, records, invoices and other papers, including without limitation all tapes, cards, computer runs, computer programs, computer files and other papers, documents and records in the possession or under the control of such Obligor or any computer bureau or service company from time to time acting for such Obligor; provided, however, the Collateral shall not include any lease, license, contract, property right or agreement to which such Obligor is a party or any of its rights or interests or other General Intangibles arising thereunder (i) if the grant of a security interest in such lease, license, contract, property right, agreement or other General Intangible would violate the agreement under which such rights arise except to the extent provided under the UCC, or (ii) to the extent that the pledge or assignment of such rights or agreement requires the consent of any third party unless such third party has consented thereto except to the extent provided under the UCC. Each Obligor and the Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising.
Appears in 1 contract
Grant of Security Interest in the Collateral. (a) 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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(ai) all Accounts;
(bii) all cash and Cash Equivalents;
(ciii) all Chattel Paper (including Electronic Chattel Paper);
(div) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(a)(iv) attached hereto (as such Schedule may be updated from time to time by the Obligorssuch Obligor);
(ev) all Copyright Licenses;
(fvi) all Copyrights;
(gvii) all Deposit Accounts;
(hviii) all Documents;
(iix) all Equipment;
(jx) all Fixtures;
(kxi) all General Intangibles;
(lxii) all Goods;
(mxiii) all Instruments;
(nxiv) all Inventory;
(oxv) all Investment Property;
(pxvi) all Letter-of-Credit Rights;
(qxvii) all Material Contracts material contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (iA) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (iiB) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iiiC) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (ivD) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(rxviii) all Patent Licenses;
(xix) all Patents;
(xx) all Payment Intangibles;
(sxxi) all Patent Trademark Licenses;
(txxii) all PatentsTrademarks;
(u) all Software;
(vxxiii) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(yxxiv) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zxxv) all other personal property of any kind or type whatsoever owned by such Obligor; and
(xxvi) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing; and.
(aab) The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all other assets of such Obligorthe Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as a present assignment of any Intellectual Property.
(c) The term “Collateral” shall include any Secured Hedging Agreement and any rights of the Obligors thereunder only for purposes of this Section 2.
Appears in 1 contract
Samples: Security Agreement (Benihana Inc)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Agent and the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"):
(a) all Accounts;
(b) all cash and Cash Equivalents;
(c) all Chattel Paper (Intellectual Property, including Electronic Chattel Paper)all Copyrights, all Patents and all Trademarks;
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)all other General Intangibles;
(e) all Copyright Licensesdeposit accounts and lockbox accounts, if any, and any replacement or successor accounts relating thereto;
(f) all CopyrightsEquipment;
(g) all Deposit AccountsDocuments;
(h) all DocumentsInstruments;
(i) all EquipmentInventory;
(j) all FixturesInvestment Property, including, without limitation, all Commodity Accounts, Commodity Contracts, Securities, Security Entitlements and Securities Accounts;
(k) all General Intangibles;
(l) all Goods;
(m) all Instruments;
(n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
(ql) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an ObligorObligor that constitute General Intangibles, as such agreements may be amended or otherwise modified from time to time (collectively, the “"Assigned Agreements”"), including including, without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(vm) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(yn) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;; and
(zo) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing; and
. The Obligors and the Agent, for itself and on behalf of the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (aai) constitutes continuing collateral security for all other assets of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Intellectual Property. Any of the foregoing to the contrary notwithstanding, the "Collateral" shall not include, and the security interest granted herein shall not attach to, any asset subject to a rule of law, statute or regulation or of a lease agreement or any general intangible (including a contract, permit, license or franchise) or a Permitted Lien, where the grant of such Obligorsecurity interest would invalidate or constitute a breach or violation of any such rule of law, statute, regulation, lease agreement or general intangible or agreement or agreements creating or giving rise to such Permitted Lien, provided that the limitation set forth in this sentence shall (i) exist only for so long as such rule of law, statute, regulation, lease agreement or general intangible or agreement and the Permitted Lien created therein continue to be effective (and, upon the cessation, termination, expiration of such rule of law, statute, regulation, lease agreement or general intangible or Permitted Lien, or if any such rule of law, statute or regulation is no longer applicable, the security interest granted herein shall be deemed to have automatically attached to such asset) and (ii) not apply with respect to any asset if and to the extent that the prohibition or restriction on the security interest in and to such asset granted in this Agreement is rendered ineffective under Sections 9-406, 9-407, 9-408, or 9-409 of the UCC.
Appears in 1 contract
Samples: Senior Secured Credit Facility (TransMontaigne Partners L.P.)
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 Obligor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash and Cash Equivalents;
Chattel Paper; (c) all Chattel Paper (including Electronic Chattel Paper);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d2(c) attached hereto hereto; (as such Schedule may be updated from time to time by the Obligors);
d) all Copyrights; (e) all Copyright Licenses;
; (f) all Copyrights;
Deposit Accounts; (g) all Deposit Accounts;
Documents; (h) all Documents;
Equipment; (i) all Equipment;
Fixtures; (j) all Fixtures;
General Intangibles; (k) all General Intangibles;
Instruments; (l) all Goods;
Inventory; (m) all Instruments;
Investment Property; (n) all Inventory;
(o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (o) all Money; (p) all Patents; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Patent Licenses; (r) all Payment Intangibles;
Pledged Equity; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
Trademarks; (v) all Supporting Obligations;
Trademark Licenses; and (w) all Trademark Licenses;
(x) Accessions and all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to (aai) all Excluded Property and (ii) any General Intangible, permit, lease, license, contract or other assets Instrument of an Obligor to the extent the grant of a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated by this Agreement, under the terms thereof or under applicable Law, is prohibited and would result in the termination thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Obligor’s rights, titles and interests thereunder (including upon the giving of notice or the lapse of time or both); provided that (a) any such limitation described in the foregoing clause (ii) on the security interests granted hereunder shall only apply to the extent that any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable Law (including Debtor Relief Laws) or principles of equity and (b) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit any such item to become Collateral hereunder, or upon the granting of any such consent, or waiving or terminating any requirement for such consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically and simultaneously granted hereunder and shall be included as Collateral hereunder. The Obligors and the Administrative Agent, on behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be construed as an assignment of any Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks or Trademark Licenses.
Appears in 1 contract
Samples: Security and Pledge Agreement (Natural Grocers by Vitamin Cottage, Inc.)
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 As collateral security for the Secured ObligationsObligations defined below, each Obligor Debtor hereby grants to the Administrative Agent, Agent for the ratable benefit of the Lenders, Secured Creditors a continuing lien on and security interest in, and a right to of set off against, any and acknowledges and agrees that the Agent has and shall continue to have for the benefit of the Secured Creditors a continuing lien on and security interest in, and right of set off against, all right, title title, and interest of such Obligor in and to the followingeach Debtor, whether now owned or existing or ownedhereafter created, acquiredacquired or arising, or arising hereafter (collectively, in and to all of the “Collateral”):following:
(a) Accounts (including all AccountsHealth-Care-Insurance Receivables, if any);
(b) all cash and Cash EquivalentsChattel Paper;
(c) all Chattel Paper Instruments (including Electronic Chattel PaperPromissory Notes);
(d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors)Documents;
(e) General Intangibles (including Payment Intangibles and Software, patents, trademarks, tradestyles, copyrights, and all Copyright Licensesother intellectual property rights, including all applications, registration, and licenses therefor, and all goodwill of the business connected therewith or represented thereby);
(f) all CopyrightsLetter of Credit Rights;
(g) all Supporting Obligations;
(h) Deposit Accounts;
(h) all Documents;
(i) all EquipmentInvestment Property (including certificated and uncertificated Securities, Securities Accounts, Security Entitlements, Commodity Accounts, and Commodity Contracts);
(j) all FixturesInventory;
(k) Equipment (including all General Intangiblessoftware, whether or not the same constitutes embedded software, used in the operation thereof);
(l) all GoodsFixtures;
(m) all InstrumentsCommercial Tort Claims (as described on Schedule F hereto or on one or more supplements to this Agreement);
(n) all InventoryRights to merchandise and other Goods (including rights to returned or repossessed Goods and rights of stoppage in transit) which is represented by, arises from, or relates to any of the foregoing;
(o) Monies, personal property, and interests in personal property of such Debtor of any kind or description now held by any Secured Creditor or at any time hereafter transferred or delivered to, or coming into the possession, custody or control of, any Secured Creditor, or any agent or affiliate of any Secured Creditor, whether expressly as collateral security or for any other purpose (whether for safekeeping, custody, collection or otherwise), and all Investment Propertydividends and distributions on or other rights in connection with any such property;
(p) Supporting evidence and documents relating to any of the above described property, including, without limitation, computer programs, disks, tapes and related electronic data processing media, and all Letter-of-Credit Rightsrights of such Debtor to retrieve the same from third parties, written applications, credit information, account cards, payment records, correspondence, delivery and installation certificates, invoice copies, delivery receipts, notes, and other evidences of indebtedness, insurance certificates and the like, together with all books of account, ledgers, and cabinets in which the same are reflected or maintained;
(q) all Material Contracts Accessions and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(r) all Payment Intangibles;
(s) all Patent Licenses;
(t) all Patents;
(u) all Software;
(v) all Supporting Obligations;
(w) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disksadditions to, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise includedsubstitutions and replacements of, all, Accessions, Proceeds and products of any and all of the foregoing; and
(aar) Proceeds and products of the foregoing, and all other assets insurance of the foregoing and proceeds thereof; all of the foregoing being herein sometimes referred to as the “Collateral”; provided, however, that “Collateral” shall not include any Excluded Property. All terms which are used in this Agreement which are defined in the Uniform Commercial Code of the State of New York as in effect from time to time (“UCC”) shall have the same meanings herein as such Obligor.terms are defined in the UCC, unless this Agreement shall otherwise specifically provide. For purposes of this
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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 Obligor Grantor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, in any and all right, title and interest of such Obligor Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
): (a) all Accounts;
; (b) all cash cash, currency and Cash Equivalents;
; (c) all Chattel Paper (including Electronic Chattel Paper and Tangible Chattel Paper);
; (d) those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(d) attached hereto (as such Schedule may be updated from time to time by the Obligors);
3; (e) all Copyright Licenses;
Deposit Accounts; (f) all Copyrights;
Documents (other than title documents with respect to vehicles); (g) all Deposit Accounts;
Equipment; (h) all Documents;
Fixtures; (i) all Equipment;
General Intangibles; (j) all Fixtures;
Goods; (k) all General Intangibles;
Instruments; (l) all Goods;
Intellectual Property; (m) all Instruments;
Inventory; (n) all Inventory;
Investment Property; (o) all Investment Property;
(p) all Letter-of-Credit Rights;
; (p) all Payment Intangibles; (q) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (i) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Agreements, (ii) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (iii) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Agreements and (iv) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
Pledged Equity; (r) all Payment Intangibles;
Securities Accounts; (s) all Patent Licenses;
Software; (t) all Patents;
Supporting Obligations; (u) all Software;
books and records pertaining to the Collateral; and (v) all Supporting Obligations;
Accessions and all Proceeds (wincluding Stock Rights) all Trademark Licenses;
(x) all Trademarks;
(y) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(z) to the extent not otherwise included, all, Accessions, Proceeds and products of any and all of the foregoing and all supporting obligations, collateral security and guarantees given by any Person with respect to any of the foregoing; and
. Notwithstanding anything to the contrary contained herein, the security interests granted under this Agreement shall not extend to Excluded Assets. The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (aaa) constitutes continuing collateral security for all other assets of such Obligorthe Obligations, whether now existing or hereafter arising and (b) is not to be construed as an assignment of any Intellectual Property.
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Samples: Security and Pledge Agreement (Hain Celestial Group Inc)
Grant of Security Interest in the Collateral. (a) To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Credit Party Obligations, each Obligor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):
(ai) all Accounts;
(bii) all cash and Cash Equivalents;
(ciii) all Chattel Paper (including Electronic Chattel Paper);
(div) those certain all Commercial Tort Claims of such Obligor as set forth on Schedule 2(d3.16(d) attached hereto to the Credit Agreement (as such Schedule may be updated from time to time by in accordance with the ObligorsCredit Agreement);
(ev) all Copyright Licenses;
(fvi) all Copyrights;
(gvii) all Deposit Accounts;
(hviii) all Documents;
(iix) all Equipment;
(jx) all Fixtures;
(kxi) all General Intangibles;
(lxii) all Goods;
(mxiii) all Instruments;
(nxiv) all Inventory;
(oxv) all Investment Property;
(pxvi) all Letter-of-Credit Rights;
(qxvii) all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Subject Agreements”), including without limitation, (iA) all rights of an Obligor to receive moneys due and to become due under or pursuant to the Assigned Subject Agreements, (iiB) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Subject Agreements, (iiiC) claims of an Obligor for damages arising out of or for breach of or default under the Assigned Subject Agreements and (ivD) the right of an Obligor to terminate the Assigned Subject Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder;
(rxviii) all Patent Licenses;
(xix) all Patents;
(xx) all Payment Intangibles;
(sxxi) all Patent LicensesSecurities Accounts;
(t) all Patents;
(uxxii) all Software;
(vxxiii) all Supporting Obligations;
(wxxiv) all Trademark Licenses;
(xxxv) all Trademarks;
(yxxvi) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon;
(zxxvii) all other personal property of any kind or type whatsoever owned by such Obligor; and
(xxviii) to the extent not otherwise included, all, all Accessions, Proceeds and products of any and all of the foregoing; and.
(aab) The Obligors and the Administrative Agent, on behalf of the Secured Parties, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Credit Party Obligations, whether now existing or hereafter arising and (ii) is not to be construed as a present assignment of any Intellectual Property or any other assets Collateral.
(c) The term “Collateral” shall include any Bank Products and any rights of such Obligorthe Obligors thereunder only for purposes of this Section 2.
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