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 or otherwise, of the Secured Obligations, each Obligor hereby grants to the 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 such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Collateral"): ----------

Appears in 1 contract

Samples: Security Agreement (Packaging Dynamics Corp)

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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 acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Obligor hereby grants to the 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 such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Collateral"): ----------

Appears in 1 contract

Samples: Security Agreement (Racing Champions Corp)

Grant of Security Interest in the Collateral. To secure the prompt -------------------------------------------- prompt payment and performance in full when due, whether by lapse of time, acceleration or otherwise, of the Secured Obligations, each Obligor hereby grants to the 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 such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Collateral"): ----------

Appears in 1 contract

Samples: Security Agreement (National Equipment Services 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 or otherwise, of the Secured Obligations, each Obligor hereby grants to the Agent, for the benefit of the LendersLender, 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"): ----------

Appears in 1 contract

Samples: Security Agreement (Partminer 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 or otherwise, of the Secured Obligations, each Obligor hereby grants to the 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 such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Collateral"): ----------

Appears in 1 contract

Samples: Security Agreement (Policy Management Systems 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 acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Obligor hereby grants to the Collateral 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 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"): ----------):

Appears in 1 contract

Samples: Security Agreement (PRG Schultz International Inc)

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