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 and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Obligations (as defined in Section 3 hereof), the Debtor hereby grants to the Secured Party a continuing security interest in, and a right to set off against, any and all right, title and interest of the Debtor in and to the personal property of the Debtor, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”), including, without limitation, the following:

Appears in 2 contracts

Samples: Security Agreement (Elandia, Inc.), Security Agreement (Elandia, 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 acceleration or otherwise, of the Secured Obligations (as defined in Section 3 4 hereof), the Debtor each Credit Party hereby grants to the Secured Party Agent, for the benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of the Debtor such Credit Party in and to the personal property of the Debtorfollowing, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Collateral”), including, without limitation, the following:"):

Appears in 1 contract

Samples: Security Agreement (American Medical Systems 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 acceleration or otherwise, of the Secured Obligations (as defined in Section 3 hereof), the Debtor each Credit Party hereby grants to the Secured Party Agent, for the benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of the Debtor such Credit Party in and to the personal property of the Debtorfollowing, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Collateral”), including, without limitation, the following:"):

Appears in 1 contract

Samples: Security Agreement (Integrated Living 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 acceleration or otherwise, of the Secured Obligations (as defined in Section 3 hereof), the Debtor each Subsidiary Guarantor hereby grants to the Secured Party Agent, for the benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title title, and interest of the Debtor such Subsidiary Guarantor in and to the personal property of the Debtorfollowing, whether now owned or existing or owned, acquired, acquired or arising hereafter (collectively, collectively the Collateral”), including, without limitation, the following:):

Appears in 1 contract

Samples: And Waiver Agreement (Delta Woodside Industries Inc /Sc/)

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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 acceleration or otherwise, of the Secured Obligations (as defined in Section 3 3. hereof), the Debtor each Loan Party hereby grants to the Secured Party Administrative Agent; for the benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of the Debtor such Loan Party in and to the personal property of the Debtorfollowing, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”), including, without limitation, the following:):

Appears in 1 contract

Samples: Revolving Credit Agreement (Delek US Holdings, Inc.)

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