Common use of Grant of Security Interests in Collateral Clause in Contracts

Grant of Security Interests in Collateral. Each Grantor, as security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations, hereby mortgages, pledges and hypothecates to Secured Party for the benefit of the Credit Parties, and grants to Secured Party for the benefit of the Credit Parties a lien on and security interest in, all of such Grantor’s right, title and interest in, to and under the Collateral of such Grantor.

Grant of Security Interests in Collateral. Each Grantor, as security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations, hereby grants, collaterally assigns, mortgages, pledges and hypothecates to the Secured Party for the benefit of itself, the Credit PartiesIssuing Bank and each of the Lenders, and grants to the Secured Party for the benefit of itself, the Credit Parties Issuing Bank and each of the Lenders a lien on and security interest in, all of such Grantor’s right, title and interest in, to and under the Collateral of such GrantorCollateral.

Grant of Security Interests in Collateral. Each Grantor, as security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations, hereby mortgages, pledges and hypothecates to the Secured Party for the benefit of the Credit PartiesSecured Beneficiaries, and grants to the Secured Party for the benefit of the Credit Parties Secured Beneficiaries a lien on and security interest in, all of such Grantor’s right, title and interest in, to and under the Collateral of such Grantor.

Grant of Security Interests in Collateral. Each Grantor, as security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations, hereby mortgages, pledges and hypothecates to the Secured Party for the benefit of the Credit PartiesLenders, and grants to the Secured Party for the benefit of the Credit Parties Lenders a lien on and security interest in, all of such Grantor’s right, title and interest in, to and under the Collateral of such Grantor.

Grant of Security Interests in Collateral. Each Grantor, as collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations, hereby mortgages, pledges and hypothecates to the Secured Party for the benefit of the Credit PartiesLenders, and grants to the Secured Party for the benefit of the Credit Parties Lenders a lien on and security interest in, all of such Grantor’s right, title and interest in, to and under the Collateral of such Grantor.