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...
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:
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.
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.
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.
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.
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.
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.
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.
