Common use of Grant of Transaction Liens Clause in Contracts

Grant of Transaction Liens. (a) In order to secure the Secured Obligations, the Lien Grantor grants to the Collateral Agent for the benefit of the Secured Parties, effective on the date hereof 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”): [describe property being added to the Collateral]1 The security interests granted by the Lien Grantor pursuant hereto shall terminate in accordance with Section 19 of the Security Agreement. (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 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.

Grant of Transaction Liens. (a) In order to secure the Secured Obligations, the Lien Grantor grants to the Collateral Agent for the benefit of the Secured Parties, effective on [the later of the date hereof (if such date occurs during a Collateral Period) and the first day of any Collateral Period following execution hereof] 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"): A-1 [describe property being added to the Collateral]1 Collateral] (1) The security interests granted by the Lien Grantor pursuant hereto shall terminate in accordance with Section 19 20 of the Security Agreement. (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 (iA) any Supporting Obligation that supports such payment or performance and (iiB) 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 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.

Grant of Transaction Liens. (a) In order to secure [its Transaction Guarantee]2 [the Secured ObligationsObligations]3, the Lien Grantor grants to the Collateral Agent for the benefit of the Secured Parties, effective on the date hereof Parties a continuing security interest in all the following 1 If the Lien Grantor is the Borrower, delete this recital and Section 1 hereof. 2 Delete bracketed words if the Lien Grantor is the Borrower. 3 Delete bracketed words if the Lien Grantor is a Guarantor. property of the Lien Grantor, whether now owned or existing or hereafter acquired or arising and regardless of where located (the “New Collateral”): [describe property being added to the Collateral]1 The security interests granted by the Lien Grantor pursuant hereto shall terminate in accordance with Section 19 of the Security Agreement.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 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.

Grant of Transaction Liens. (a) In order to secure [its Note Guarantee]2 [the Secured ObligationsObligations]3 , the Lien Grantor grants to the Collateral 1 If the Lien Grantor is an Issuer, delete this recital and Section 1 hereof. 2 Delete bracketed words if the Lien Grantor is an Issuer. 3 Delete bracketed words if the Lien Grantor is a Subsidiary Guarantor. Agent for the benefit of the Secured Parties, effective on the date hereof 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”): [describe property being added to the Collateral]1 The security interests granted by the Lien Grantor pursuant hereto shall terminate in accordance with Section 19 of the Security Agreement.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 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.

Grant of Transaction Liens. (a) In order to secure [its Transaction Guarantee]2 [the Secured ObligationsObligations]3, the Lien Grantor grants to the Collateral Agent for the benefit of the Secured Parties, effective on the date hereof Parties a continuing security interest in all the following 1 If the Lien Grantor is the Borrower, delete this recital and Section 1 hereof. 2 Delete bracketed words if the Lien Grantor is the Borrower. 3 Delete bracketed words if the Lien Grantor is a Guarantor. property of the Lien Grantor, whether now owned or existing or hereafter acquired or arising and regardless of where located (the “New Collateral”): [describe property being added to the Collateral]1 The security interests granted by the Lien Grantor pursuant hereto shall terminate in accordance with Section 19 of the Security Agreement.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 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.

Grant of Transaction Liens. (a) In order to secure [its Secured Guarantee]3 [the Secured ObligationsObligations]4, the Lien Grantor grants to the Collateral Agent for the benefit of the Secured Parties, effective on the date hereof Parties a continuing security interest in all the following property of the Lien Grantor, whether now or owned or existing or hereafter acquired or arising and regardless of where located (the “New Collateral”): [describe property being added to the Collateral]1 The security interests granted by Collateral]5 1 If the Lien Grantor pursuant hereto shall terminate in accordance with is the Company, delete this recital and Section 19 1 hereof. 2 Delete this Section if the Lien Grantor is the Company or a Subsidiary Guarantor that is already a party to the Security Agreement. 3 Delete bracketed words if the Lien Grantor is the Company. 4 Delete bracketed words if the Lien Grantor is a Subsidiary Guarantor. 5 If the Lien Grantor is not already a party to the Security Agreement, clauses (i) through (xv) of, and the proviso to, Section 3(a) of the Security AgreementAgreement may be appropriate. (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 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.

Grant of Transaction Liens. (a) In order to secure the Secured Obligations, the Lien Grantor grants to the Collateral Agent for the benefit of the Secured Parties, effective on the date hereof Parties a continuing security interest in all of 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”): [describe property being added to the Collateral]1 The security interests granted by Collateral](1) (1) If the Lien Grantor pursuant hereto shall terminate in accordance with is not already a party to the Security Agreement, clauses (i) through (xvii) of, and the proviso to, Section 19 2(a) of the Security Agreement may be appropriate. If the Grantor is already a party to the Security Agreement, describe additional property being added to the Collateral. provided that, not withstanding the foregoing or anything herein to the contrary, in no event shall the New Collateral include, or the security interest attach to, any Excluded Assets; provided, however, the security interests and Liens granted hereunder shall attach to, and the “Collateral” shall automatically include any asset or property of a Grantor that ceases to be an Excluded Asset, without further action by any Grantor or Secured Party. (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 Agent or any other Secured Party to, or transfer or in any way affect or modifytransfer, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.