Grant of Security Interest to Agent Sample Clauses

Grant of Security Interest to Agent. As security for the payment of all Loans now or in the future made by Agent or Lender to Borrowers hereunder and for the payment or other satisfaction of all other Liabilities, and, with respect to Guarantors, as security for all obligations of Guarantors under the Guarantees, each Obligor hereby assigns to Agent, for its benefit and for the benefit of Lender, and grants to Agent, for its benefit and for the benefit of Lender, a continuing security interest in all of such Obligor's assets including, without limitation, the following property of such Obligor, whether now or hereafter owned, existing, acquired or arising and wherever now or hereafter located: (a) all Accounts (whether or not Eligible Accounts) and all Goods whose sale, lease or other disposition by such Obligor has given rise to Accounts and have been returned to, or repossessed or stopped in transit by, such Obligor; (b) all Chattel Paper, Instruments, Documents and General Intangibles (including, without limitation, all patents, patent applications, trademarks, trademark applications, trade names, trade secrets, goodwill, copyrights, copyright applications, registrations, licenses, software, franchises, customer lists, tax refund claims, claims against carriers and shippers, guarantee claims, contract rights, payment intangibles, security interests, security deposits and rights to indemnification); (c) all Inventory (whether or not Eligible Inventory); (d) all Goods (other than Inventory), including, without limitation, Equipment, vehicles and Fixtures; (e) all Financial Assets and Investment Property; (f) all Deposit Accounts, bank accounts, deposits and cash (including, without limitation, any of the foregoing maintained with Agent, Lender or LaSalle Bank); (g) all Letter-of-Credit Rights; (h) Commercial Tort Claims listed on EXHIBIT C hereto, (i) any other property of such Obligor now or hereafter in the possession, custody or control of Agent or Lender or any agent or any parent, affiliate or subsidiary of Agent or Lender or any participant with Agent or Lender in the Loans, for any purpose (whether for safekeeping, deposit, collection, custody, pledge, transmission or otherwise); and (j) all supporting obligations related to, additions and accessions to, substitutions for, and replacements, products and Proceeds of the foregoing property, including, without limitation, proceeds of all insurance policies insuring the foregoing property, and all of such Obligor's books and records relat...
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Grant of Security Interest to Agent. As security for the payment of all Loans made by Lenders to Borrower hereunder, and for the payment or other satisfaction of all other Liabilities, Borrower hereby assigns to Agent, for the benefit of Lenders, and grants to Agent, for the benefit of Lenders, a continuing security interest in the following property of Borrower, whether now or hereafter owned, existing, acquired or arising and wherever now or hereafter located:
Sample 1
Grant of Security Interest to Agent. To induce the Banks to make the Revolving Credit Loans or Term Loans to Borrower and, as security for any and all Guarantor Obligations, Guarantor hereby grants to the Agent for the ratable benefit of the Agent and the Banks a continuing lien on and security interest in the Collateral, which shall be a first priority lien and, in furtherance of such grant, Guarantor hereby assigns for security all the Collateral to the Agent for the ratable benefit of the Agent and the Banks.
Sample 1
Grant of Security Interest to Agent. To induce the Banks to make the Revolving Credit Loans or Term Loans to Borrower and, as security for any and all Obligations of Borrower, Borrower hereby grants to the Agent for the ratable benefit of the Agent and the Banks a continuing lien on and security interest in the Collateral, which shall be a first priority lien (except for the Permitted Liens) and, in furtherance of such grant, Borrower hereby assigns for security all of the Collateral to the Agent for the ratable benefit of the Agent and the Banks.
Sample 1
Grant of Security Interest to Agent. To induce the Banks to make the Revolving Credit Loans and/or Term Loans to the Borrowers and, as security for any and all Obligations of each Borrower, and as security for the Borrowers' Permitted Debt owing to the CP Holders, each Borrower hereby grants to the Agent for the ratable benefit of the Agent, the Administrative Agent, the Banks and the CP Holders a continuing lien on and security interest in the Collateral, which shall be a first priority lien (except for the Permitted Liens entitled to priority under applicable law) and, in furtherance of such grant, each Borrower hereby assigns for security all of the Collateral to the Agent for the ratable benefit of the Agent, the Administrative Agent, the Banks and the CP Holders. Without limiting the foregoing, each of the Borrowers confirms and continues in favor of the Agent its prior grant to the Administrative Agent of perfected security interests in all of the Collateral to secure the payment and performance of all of the Obligations pursuant to the MFC Security Agreement and MBC Security Agreement, which security agreements are hereby restated in their entirety pursuant to this Agreement.
Sample 1
Grant of Security Interest to Agent. Borrower hereby grants to the Agent for the benefit of the SBA a continuing first priority lien on and security interest in the SBA Collateral to secure the Borrower's obligations to the SBA under and pursuant to the SBA Secured Debt and under this Agreement, and, in furtherance of such grant, Borrower hereby assigns for security all the SBA Collateral to the Agent for the benefit of the SBA to secure the Borrower's obligations under the SBA Secured Debt and this Agreement.
Sample 1
Grant of Security Interest to Agent. To secure the prompt payment and performance to Agent and each Lender of the Obligations, Borrowers hereby each collaterally assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender, a continuing first-priority security interest in and to and Lien on all of their Collateral, whether now owned or existing or hereafter acquired or arising and wherever located. Borrowers shall promptly provide Agent with written notice of all commercial tort claims in excess of $50,000, in the aggregate, such notice to contain the case title together with the applicable court and a brief description of the claim(s). Upon delivery of each such notice, Borrowers shall be deemed to hereby grant to Agent a security interest and lien in and to such Commercial Tort Claims and all proceeds thereof.
Sample 1
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Grant of Security Interest to Agent. To induce the Banks to make the Revolving Credit Loans and/or Term Loans to the Borrower and, as security for any and all Obligations of the Borrower, and as security for the Borrower's Permitted Debt owing to the CP Holders, the Company hereby grants, pledges and assigns to the Agent for the ratable benefit of the Agent, the Administrative Agent, the Banks and the CP Holders a continuing lien on and security interest in the Collateral, which shall be a first priority lien (except for the Permitted Liens entitled to priority under applicable law) and, in furtherance of such grant, the Company hereby assigns for security all of the Collateral to the Agent for the ratable benefit of the Agent, the Administrative Agent, the Banks and the CP Holders.
Sample 1
Grant of Security Interest to Agent. To induce the Banks to make the Revolving Credit Loans or Term Loans to Borrower and, as security for any and all Obligations of Borrower, and as security for Borrower's Permitted Debt owing to the CP Holders, Borrower hereby grants to the Agent for the ratable benefit of the Agent, the Banks and the CP Holders a continuing lien on and security interest in the Collateral, which shall be a first priority lien except as provided in the Intercreditor Agreement, and, in furtherance of such grant, Borrower hereby assigns for security all the Collateral to the Agent for the ratable benefit of the Agent, the Banks and the CP Holders.
Sample 1

Related to Grant of Security Interest to Agent

  • Grant of Security Interest All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The Borrower, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuer and the Lenders (including the Swing Line Lender), and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.14(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

  • Grant of Security Interests In addition to the other rights provided in this Section 9.9, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the Loans), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board), without notice to Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, by notice to Agent; provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause (b) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder.

  • Pledge; Grant of Security Interest As collateral security for the payment and performance in full of all the Secured Obligations, each Grantor hereby pledges and grants to the Agent for its benefit and for the benefit of the other Credit Parties, a Lien on and security interest in and to all of the right, title and interest of such Grantor in, to and under all personal property and interests in such personal property, wherever located, and whether now existing or hereafter arising or acquired from time to time (collectively, the “Collateral”), including, without limitation:

  • Grant of Security Interest in Collateral As an inducement for the Secured Parties to extend the loans as evidenced by the Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

  • 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 Secured Parties, 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 (collectively, the “Collateral”):

  • Assignment of Security Interest If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

  • Pledge and Grant of Security Interest To secure the prompt payment and performance in full when due, whether by lapse of time or otherwise, of the Pledgor Obligations (as defined in Section 3 hereof), each Pledgor hereby pledges and assigns to the Agent, for the benefit of the Lenders, and grants to the Agent, for the benefit of the Lenders, a continuing security interest in any and all right, title and interest of such Pledgor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Pledged Collateral"):

  • Assignment and Grant of Security Interest As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of all the Obligations and in order to induce the Lenders to make Loans in accordance with the terms of the Credit Agreement, the Pledgor hereby pledges and grants to the Administrative Agent (for the benefit of the Lenders), a first priority Lien on and security interest in and to, and agrees and acknowledges that Administrative Agent has and shall continue to have, a security interest in and to, and assigns, transfers, pledges and conveys to Administrative Agent (for the benefit of the Lenders) all of Pledgor's right, title, and interest in and to the Collateral.

  • Mandatory Delivery; Grant of Security Interest The sale and delivery on the related Closing Date of the Mortgage Loans described on the related Mortgage Loan Schedule is mandatory from and after the date of the execution of the related Purchase Price and Terms Agreement, it being specifically understood and agreed that each Mortgage Loan is unique and identifiable on the date hereof and that an award of money damages would be insufficient to compensate the Purchaser for the losses and damages incurred by the Purchaser (including damages to prospective purchasers of the Mortgage Loans) in the event of the Seller's failure to deliver (i) each of the related Mortgage Loans or (ii) one or more Qualified Substitute Mortgage Loans or (iii) one or more Mortgage Loans otherwise acceptable to the Purchaser on or before the related Closing Date. The Seller hereby grants to the Purchaser a lien on and a continuing security interest in each Mortgage Loan and each document and instrument evidencing each such Mortgage Loan to secure the performance by the Seller of its obligations under the related Purchase Price and Terms Agreement, and the Seller agrees that it shall hold such Mortgage Loans in custody for the Purchaser subject to the Purchaser's (a) right to reject any Mortgage Loan (or Qualified Substitute Mortgage Loan) under the terms of this Agreement and to require another Mortgage Loan (or Qualified Substitute Mortgage Loan) to be substituted therefor, and (b) obligation to pay the Purchase Price for the Mortgage Loans. All rights and remedies of the Purchaser under this Agreement are distinct from, and cumulative with, any other rights or remedies under this Agreement or afforded by law or equity and all such rights and remedies may be exercised concurrently, independently or successively.

  • Reaffirmation of Security Interest The Borrower hereby reaffirms as of the date hereof each and every security interest and Lien granted in favor of the Security Agent and the Banks under the Loan Documents, and agrees and acknowledges that such security interests and Liens shall continue from and after the date hereof and shall remain in full force and effect from and after the date hereof, in each case after giving effect to the Credit Agreement as amended by this Amendment, and the Obligations secured thereby and thereunder shall include the Borrower’s obligations under the Credit Agreement as amended by this Amendment. Each such reaffirmed security interest and Lien remains and shall continue to remain in full force and effect and is hereby in all respects ratified and confirmed.

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