Grant of Transaction Liens. (a) In order to secure [its Secured Guarantee]4 [the Secured Obligations]5, the Lien Grantor grants to the Collateral Representative for the benefit of the Secured Parties a continuing security interest in all the following property of the Lien Grantor, whether now owned or existing or hereafter acquired or arising and regardless of where located (the "NEW COLLATERAL"): (b) With respect to each right to payment or performance included in the Collateral from time to time, the Transaction Lien granted therein includes a continuing security interest in (i) any Supporting Obligation that supports such payment or performance and (ii) any Lien that (x) secures such right to payment or performance or (y) secures any such Supporting Obligation. (c) The foregoing Transaction Liens are granted as security only and shall not subject the Collateral Representative or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.
Appears in 2 contracts
Samples: Note Purchase Agreement (Cmgi Inc), Note Purchase Agreement (Navisite Inc)
Grant of Transaction Liens. (a) In order to secure [its Secured Guarantee]4 [guarantee of]3 the Secured Obligations]5Obligations, the Lien Grantor grants to the Collateral Representative Agent for the benefit of the Secured Parties a continuing security interest in all the following property of the Lien Grantor, whether now owned or existing or hereafter acquired or arising and regardless of where located (the "NEW COLLATERAL"):“New Collateral”): [describe property being added to the Collateral]4
(b) With respect to each right to payment or performance included in the Collateral from time to time, the Transaction Lien granted therein includes a continuing security interest in (i) any Supporting Obligation that supports such payment or performance and (ii) any Lien that (x) secures such right to payment or performance or (y) secures any such Supporting Obligation.
(c) The foregoing Transaction Liens are granted as security only and shall not subject the Collateral Representative Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.
Appears in 1 contract
Samples: Security and Pledge Agreement (Harbinger Group Inc.)
Grant of Transaction Liens. (a) In order to secure [its Secured Guarantee]4 Guarantee] [the Secured Obligations]5Obligations] , the Lien Grantor grants to the Collateral Representative Agent for the benefit of the Secured Parties a continuing security interest in all the following property of the Lien Grantor, whether now owned or existing or hereafter acquired or arising and regardless of where located (the "NEW COLLATERAL"):“New Collateral”): [describe property being added to the Collateral]5
(b) With respect to each right to payment or performance included in the Collateral from time to time, the Transaction Lien granted therein includes a continuing security interest in (i) any Supporting Obligation that supports such payment or performance and (ii) any Lien that (x) secures such right to payment or performance or (y) secures any such Supporting Obligation.
(c) The foregoing Transaction Liens are granted as security only and shall not subject the Collateral Representative Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Retrophin, Inc.)
Grant of Transaction Liens. (a) In order to secure [its Secured Guarantee]4 [Obligations, including the Obligations under the Secured Obligations]5Guarantee, as applicable, the Lien Grantor grants to the Collateral Representative Secured Party for the benefit of the Secured Parties a continuing security interest in all the following property of the Lien Grantor, whether now owned or existing or hereafter acquired or arising and regardless of where located (the "NEW COLLATERAL"):“New Collateral”): [describe property being added to the Collateral]2
(b) With respect to each right to payment or performance included in the Collateral from time to time, the Transaction Lien granted therein includes a continuing security interest in (i) any Supporting Obligation that supports such payment or performance and (ii) any Lien that (x) secures such right to payment or performance or (y) secures any such Supporting Obligation.
(c) The foregoing Transaction Liens are granted as security only and shall not subject the Collateral Representative or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Electronic Cigarettes International Group, Ltd.)
Grant of Transaction Liens. (a) In order to secure [its Secured Guarantee]4 [the Secured Obligations]5Obligations, the Lien Grantor grants to the Collateral Representative Administrative Agent for the benefit of the Secured Parties a continuing security interest in all the following property of the Lien GrantorGrantor of the type described in Section 3(a) of the Security Agreement and subject to the exclusions and limitations set forth in Section 3, whether now owned or existing or hereafter acquired or arising and regardless of where located (the "NEW COLLATERAL"):“New Collateral”).
(b) With respect to each right to payment or performance included in the Collateral from time to time, the Transaction Lien granted therein includes a continuing security interest in (i) any Supporting Obligation that supports such payment or performance and (ii) any Lien that (x) secures such right to payment or performance or (y) secures any such Supporting Obligation.
(c) The foregoing Transaction transaction Liens are granted as security only and shall not subject the Collateral Representative Administrative Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.
Appears in 1 contract
Samples: Security Agreement Supplement (Cloud Peak Energy Inc.)
Grant of Transaction Liens. (ai) In order to secure [its Secured Guarantee]4 [the Secured Obligations]5Obligations, the Lien Grantor grants to the Collateral Representative Administrative Agent for the benefit of the Secured Parties a continuing security interest in all the following its property described in Section 3(a) of the Lien GrantorSecurity Agreement, whether now owned or existing or hereafter acquired or arising and regardless of where located (the "NEW COLLATERAL"):“New Collateral”).
(ba) With respect to each right to payment or performance included in the Collateral from time to time, the Transaction Lien granted therein includes a continuing security interest in (i) any Supporting Obligation that supports such payment or performance and (iii) any Lien that (x) secures such right to payment or performance or (y) secures any such Supporting Obligation.
(cb) The foregoing Transaction Liens are granted as security only and shall not subject the Collateral Representative Administrative Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.
Appears in 1 contract
Samples: Credit Agreement (Tapestry, Inc.)