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

Grant of Security Interest in the Collateral. To secure the prompt payment in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Obligations, each Obligor hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectively, any and all right, title and interest of such Obligor in and to the following 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:

Appears in 2 contracts

Samples: Credit Agreement (IASIS Healthcare LLC), Revolving Credit Agreement (IASIS Healthcare LLC)

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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 hereby grants to the Administrative Agent, for the benefit of the Secured PartiesLenders, a continuing security interest in, and a right to set off against (subject to the Collateral. “Collateral” shall mean, collectivelyterms and conditions of this Security Agreement), any and all right, title and interest of such Obligor in and to the following all personal property of the Obligors (to the extent not constituting Excluded Property (as defined herein))such Obligor of whatever type or description, whether now owned or existing or owned, acquired, or arising hereafter:, including, without limitation, the following (collectively, the “Collateral”):

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 hereby grants to the Administrative Agent, for the benefit of the Secured PartiesLenders, a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectivelyagainst, any and all right, title and interest of such Obligor in and to the following personal property of the Obligors (to the extent not constituting Excluded Property (as defined herein)Property), whether now owned or existing or owned, acquired, or arising hereafter, and wherever located (collectively, the "Collateral") including, without limitation, the following:

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 Subject to the DIP Orders, each Obligor, to secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Obligations of such Obligor (collectively, the “Secured Obligations”), each Obligor hereby grants to the Administrative Agent, for the benefit of the holders of the Secured PartiesObligations, a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectively, in any and all right, title and interest of such Obligor in and to the following property all of the Obligors (to the extent not constituting Excluded Property (as defined herein))following, whether now owned or existing or owned, acquired, or arising hereafter:hereafter (collectively, the “Collateral”):

Appears in 1 contract

Samples: Postpetition Security and Pledge Agreement (FTD Companies, 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 the Obligor hereby pledges and grants to the Administrative Agent, for the ratable benefit of the Secured PartiesLenders, a Lien on, a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectivelyagainst, any and all right, title and interest of such the Obligor in and to the following personal property of the Obligors (to the extent not constituting Excluded Property (as defined herein))Obligor, whether now owned or existing or owned, acquired, or arising hereafterhereafter (collectively, the "COLLATERAL") including, without limitation, the following:

Appears in 1 contract

Samples: Guaranty and Security Agreement (Infocrossing 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 Secured PartiesLenders, a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectivelyagainst, any and all right, title and interest of such Obligor in and to the following personal property of the Obligors (to the extent not constituting Excluded Property (as defined herein))such Obligor, whether now owned or existing or owned, acquired, or arising hereafterhereafter (collectively, the "Collateral") including, without limitation, the following:

Appears in 1 contract

Samples: Guaranty and Security Agreement (Infocrossing Inc)

Grant of Security Interest in the Collateral. To secure the prompt payment in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the ObligationsSecured Obligations of the Borrower and each other Loan Party, each Obligor hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectivelyagainst, any and all right, title and interest of such Obligor in and to the following 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:hereafter (collectively, the “Collateral”):

Appears in 1 contract

Samples: Credit Agreement (IASIS Healthcare LLC)

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 Secured PartiesLenders, a Lien on, a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectivelyagainst, any and all right, title and interest of such Obligor in and to the following personal property of the Obligors (to the extent not constituting Excluded Property (as defined herein))such Obligor, whether now owned or existing or owned, acquired, or arising hereafterhereafter (collectively, the "Collateral") including, without limitation, the following:

Appears in 1 contract

Samples: Guaranty and Security Agreement (Infocrossing 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 Collateral Agent, for the benefit of the Collateral Agent, the Trustee and the Holders (collectively, the “Secured Parties”‘), a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectivelyagainst, any and all right, title and interest of such Obligor in and to the following property of the Obligors (to the extent not constituting Excluded Property (as defined herein))following, whether now owned or existing or owned, acquired, or arising hereafter:hereafter (collectively, the “Collateral”):

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 Obligations, each Obligor Grantor hereby grants unconditionally grants, pledges and assigns to the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectivelyagainst, any and all right, title and interest of such Obligor Grantor in and to the following all personal and real property of every kind, including, without limitation, all of the Obligors (to the extent not constituting Excluded Property (as defined herein))following, whether now owned or existing or hereafter owned, acquired, existing or arising hereafter:hereafter and wherever located (collectively, the “Collateral”):

Appears in 1 contract

Samples: Security and Pledge Agreement (Standard Premium Finance Holdings, Inc.)

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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 hereby grants to the Administrative Agent, for the benefit of the Secured PartiesLenders, a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectivelyagainst, any and all right, title and interest of such Obligor in and to the following personal property of the Obligors (to the extent not constituting Excluded Property (as defined herein)Property), whether now owned or existing or owned, acquired, or arising hereafterhereafter (collectively, the “Collateral”) including, without limitation, the following:

Appears in 1 contract

Samples: Security and Pledge Agreement (Inamed 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 acceleration or otherwise, of the ObligationsSecured Obligations (as defined in Section 3 hereof), each Obligor hereby grants to the Administrative Collateral Agent, for the benefit of the Secured PartiesLenders, a continuing security interest inin (and, as applicable, acknowledges and reaffirms any prior security interest granted to the Collateral Agent, for the benefit of the Lenders), and a right to set off against the Collateral. “Collateral” shall mean, collectivelyagainst, any and all right, title and interest of such Obligor in and to the following property of the Obligors (to the extent not constituting Excluded Property (as defined herein))following, whether now owned or existing or owned, acquired, or arising hereafter:hereafter (collectively, the "Collateral"):

Appears in 1 contract

Samples: Security Agreement (Ivex Packaging Corp /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 Grantor hereby grants grants, pledges and assigns to the Administrative AgentSecured Party, for the benefit of the holders of the Secured PartiesObligations, a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectivelyagainst, any and all right, title and interest of such Obligor Grantor in and to the following all personal property of the Obligors (to the extent not constituting Excluded Property (as defined herein))Grantors of whatever type or description, whether now owned or existing or owned, acquired, or arising hereafterhereafter (collectively, the "Collateral"), including the following:

Appears in 1 contract

Samples: General Security Agreement (Thomas Equipment, 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 benefit of the Secured PartiesLenders, a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectivelyagainst, any and all right, title and interest of such Obligor in and to the following 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:hereafter (collectively, the "Collateral"):

Appears in 1 contract

Samples: Security and Pledge Agreement (Team Health 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 benefit of the Secured PartiesLenders, a continuing security interest in, and a right to set off against the Collateral. “Collateral” shall mean, collectivelyagainst, any and all right, title and interest of such Obligor in and to the following personal property of the Obligors (to the extent not constituting Excluded Property (as defined herein))Obligors, whether now owned or existing or owned, acquired, or arising hereafterhereafter (collectively, the "Collateral") including, without limitation, the following:

Appears in 1 contract

Samples: Security Agreement (Dean Holding Co)

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