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, each Grantor 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 (collectively, the “Collateral”): (a) all Accounts; (b) all cash and currency; (c) all Chattel Paper;

Appears in 1 contract

Samples: Credit Agreement (Gaylord Entertainment Co /De)

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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 Grantor Obligor hereby grants to the Administrative Agent, for the benefit of the holders of the Secured Obligations, Lender a continuing security interest in, and a right to set off against, any and all right, title and interest of such Grantor Obligor in and to all assets of the following, such Obligor whether now owned or existing or owned, acquired, or arising hereafter, in each case to the extent the same is attached including, but not limited 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 following (collectively, the "Collateral”): "): (a) all Accounts; ; (b) all cash and currency; Money; (c) all Chattel Paper; (d) those certain Commercial Tort Claims set forth on Schedule 1 hereto;

Appears in 1 contract

Samples: Security and Pledge Agreement (HCI 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 Grantor 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, 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 hereafter (collectively, the “Collateral”): (a) all Accounts; (b) all cash and currency; (c) all Chattel Paper;

Appears in 1 contract

Samples: Term Loan Credit Agreement (Ardent Health Partners, 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 acceleration or otherwise, of the Secured Obligations, each Grantor Obligor hereby grants to the Administrative Agent, for the benefit of the holders of the Secured ObligationsLenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Grantor Obligor 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 hereafter (collectively, the "Collateral"): (a) all Accounts; (b) all cash and currency; Inventory; 127 (c) all Chattel PaperTrademarks;

Appears in 1 contract

Samples: Credit Agreement (Moll Industries 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, each Grantor Obligor 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 Obligor 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 hereafter (collectively, the "Collateral"): (a) all Accounts; (b) all cash and currency; (c) all Chattel Paper;

Appears in 1 contract

Samples: Credit Agreement (Apria Healthcare 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 Grantor hereby grants to the Administrative Collateral 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, 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 hereafter (collectively, the “Collateral”): (a) all Accounts; (b) all cash and currency; (c) all Chattel Paper;

Appears in 1 contract

Samples: Abl Credit Agreement (Ardent Health Partners, LLC)

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