Granting of Security Interest. To secure Debtor’s payment and performance of the Secured Obligations and each Subsidiary Grantor’s guaranty of payment of the Secured Obligations, each Grantor hereby transfers, assigns, sets over, conveys, mortgages and grants to the Secured Parties, subject to the terms of this Agreement and the Purchase Money Notes (and any substitute purchase money notes that may be issued), a continuing security interest in, lien on and right of setoff against all of its right, title and interest in and to all accounts, chattel paper, deposit accounts, documents (as defined in the UCC), equipment, fixtures, general intangibles, Intellectual Property, instruments, Insurance, inventory, investment property, letter-of-credit rights, money (as defined in the UCC) and other personal property and any supporting obligations related thereto, in each case, whether now owned or hereafter acquired, regardless of whether such property is in the future subdivided into one or more groups to separately secure the Debtor’s and each Subsidiary Grantor’s obligations hereunder, including:
Granting of Security Interest. (a) The Tenant shall not grant a Security Interest in any goods that have become affixed to the Premises, and the Tenant shall not affix to the Premises any goods which are subject to a Security Interest.
Granting of Security Interest. Each Loan Party hereby pledges, assigns and grants to Lender, on its behalf and for the benefit of Lender, a first priority security interest in and lien on, and a right of set-off against, the following property and assets, whether now or hereafter existing, owned or acquired by such Loan Party (collectively, the “Collateral”), to secure the payment and the performance of all the Obligations:
Granting of Security Interest. Debtor hereby grants and conveys to Lender a security interest in all of Debtor’s right, title and interest in and to the “Servicing Contract Rights” defined as the indivisible, conditional, non-delegable right of Debtor to service mortgage loans owned or guaranteed by (i) the Federal Home Loan Mortgage Corporation (“Xxxxxxx Mac”), pursuant to the Xxxxxxx Mac Single-Family Seller/Servicer Guide, as it may be amended from time to time (the “Xxxxxxx Mac Guide”) and the Purchase Documents (as such term is defined in the Xxxxxxx Mac Guide), together with all additions and accessions thereto, replacements and substitutions therefor, products thereof and proceeds therefrom, in each case related to or arising from mortgage loans owned by Xxxxxxx Mac (herein referred to collectively as the “Collateral”), to secure the payment and performance (a) of the indebtedness, liabilities and obligations of Debtor to Lender arising from the Note, whether direct or indirect, absolute or contingent, and all increases, extensions, renewals, and modifications thereof, and all costs, expenses or fees incurred by Lender in collection of any amount(s) secured hereby or in enforcing this Agreement, including without limitation, reasonable attorneys’ fees (all such indebtedness and obligations collectively referred to as the “Indebtedness”), and (b) of all other agreements of Debtor herein and in any other agreement executed by Debtor in connection with the Indebtedness. For the avoidance of doubt, the Collateral does not include Debtor’s rights to servicing advance reimbursements due from Xxxxxxx Mac. The security interest in the Collateral granted pursuant to this Section 1 is subject and subordinate in each and every respect (i) to all rights, powers and prerogatives of Xxxxxxx Mac under and in connection with the Xxxxxxx Mac Guide and the other Purchase Documents, which rights include, without limitation, the right of Xxxxxxx Mac to disqualify (in whole or in part) Debtor as an approved Xxxxxxx Mac Seller/Servicer, with or without cause, and the right to terminate (in whole or in part) the unitary, indivisible master servicing contract and to transfer and sell all or any portion of the Servicing Contract Rights, as provided in the Purchase Documents; and (ii) to all claims of Xxxxxxx Mac arising out of or relating to any and all breaches, defaults and outstanding obligations of the Debtor to Xxxxxxx Mac.
Granting of Security Interest. Each Borrower hereby grants a perfected first‑priority security interest in favor of Administrative Agent for the ratable benefit of the Lenders in each Security Account established under the Loan Documents and all financial assets and other property and sums at any time held, deposited or invested therein, and all security entitlements and investment property relating thereto, together with any interest or other earnings thereon, and all proceeds thereof, whether accounts, general intangibles, chattel paper, deposit accounts, instruments, documents or securities (collectively, “Reserve Account Collateral”), together with all rights of a secured party with respect thereto (even if no further documentation is requested by Administrative Agent or the Lenders or executed by the applicable Borrower).
Granting of Security Interest. Borrower hereby pledges, assigns and grants to Lender, to secure the payment and the performance of this Note, the Loans, and the Obligations, a first priority security interest in and Lien on, and a right of set-off against, the following property and assets (collectively, the “Collateral”), but not including the Excluded Collateral (as hereinafter defined), wherever located, whether now or hereafter existing, owned or acquired by Borrower, and all proceeds and products thereof: All goods, accounts, equipment, inventory, contract rights or rights to payment of money, leases, intellectual property, license agreements, franchise agreements, general intangibles, commercial tort claims, documents, instruments (including any promissory notes), chattel paper (whether tangible or electronic), cash, deposit accounts, fixtures, letters of credit rights (whether or not the letter of credit is evidenced by a writing), securities, and all other investment property, supporting obligations, and financial assets, whether now owned or hereafter acquired, wherever located; and all books relating to the foregoing, and any and all claims, rights and interests in any of the above and all substitutions for, additions, attachments, accessories, accessions and improvements to and replacements, products, proceeds and insurance proceeds of any or all of the foregoing. Borrower hereby represents, warrants, and covenants that the security interest granted herein is and shall at all times continue to be a valid, first priority perfected security interest in the Collateral. Lender’s security interest in the Collateral shall continue until the Obligations (other than contingent obligations of Borrower hereunder that will survive payment in full of the Obligations and termination of this Note by express terms) are repaid in full. Upon payment in full of all amounts due under this Note or upon conversion of this Note, this Note and all obligations of Borrower hereunder (other than contingent obligations of Borrower hereunder that will survive payment in full of the Obligations and termination of this Note by express 4883-9350-4517.4 terms) shall automatically terminate, and all rights to the Collateral shall revert to the granting party and Lender shall, at Borrower’s sole cost and expense, release its security interest in the Collateral.
Granting of Security Interest. Borrower hereby pledges, assigns and grants to the Lenders a first priority security interest in and lien on, and a right of set-off against, the following property and assets, whether now or hereafter existing, owned or acquired by Borrower (collectively, the “Collateral”), to secure the payment and the performance of all the Obligations:
Granting of Security Interest. (A) The execution, delivery, recordation, filing or performance of the Indenture and any applicable Collateral Documents by each of the Company and the Guarantors, (B) the grant by each of the Company and the Guarantors of the liens granted by it pursuant to the applicable Collateral Documents, (C) the perfection or maintenance of the liens created under the Collateral Documents (including, where applicable, the first priority nature thereof) and (D) the exercise by the Collateral Agent of the remedies in respect of the Collateral, will not require any consent, approval, authorization or other order of, or any notice to or filing with, any court, regulatory body, administrative agency or other governmental body (other than such filings, registrations, consents, approvals, notarizations or other authorizations required under or contemplated by the Indenture and the Collateral Documents in order to perfect any security interest granted by the Collateral Documents, collectively, the “Collateral Perfection Requirements”), and will not conflict with or constitute a breach of any of the terms or provisions of, or a default or a Debt Repayment Triggering Event under, or result in the imposition of any tax, lien, charge or encumbrance upon the shares of capital stock of the Parent Guarantor or any Subsidiary or any right, property or assets of the Parent Guarantor or any Subsidiary pursuant to (other than any lien, charge or encumbrance created or imposed pursuant to the Collateral Documents), (X) the charter or by-laws or similar organizational documents of the Parent Guarantor or any of its Subsidiaries or (Y) any agreement, indenture or other instrument, to which the Parent Guarantor or any of its Subsidiaries is bound or to which its or their respective property is subject, except in the case of clause (Y) such conflicts, breaches or defaults that would not, individually or in the aggregate, have a Material Adverse Effect.
Granting of Security Interest. (a) As security for the prompt payment and performance of all debts, liabilities and obligations of Debtor to Wistron which arise from the purchase by Debtor from Wistron of any item described in clause (i) below, whether direct or indirect, absolute or contingent, matured or unmatured, present or future (collectively, the “Obligations”), Debtor hereby grants to Wistron a continuing purchase money security interest in all of the following personal property, whether now owned or hereafter acquired and wherever located (the “Wistron Collateral”): (i) all of Debtor’s inventory and other goods, manufactured, distributed, consigned, or sold by Wistron to or for Debtor (A) from and after November 24, 2004, and (B) in excess of $2 million (i.e. financed under the increased Credit Line); and (ii) all proceeds thereof, including without limitation, all accounts receivable, contract rights, general intangibles, instruments, chattel paper, documents, deposit accounts, investment property, letter of credit rights, supporting obligations, and insurance refund claims and other insurance claims and proceeds relating directly thereto.
Granting of Security Interest. 2.1 The Company confirms that in order to secure the due and punctual payment by the Company and certain of the Guarantors of certain Secured Debt, including the Securities and all other sums payable by the Company and certain of the Guarantors under the Indenture and the New Guaranty, the Company and the Guarantors pursuant to the New Security Agreement are granting to Bank of America, N.A., as Collateral Agent for the benefit of the Secured Parties (as such term is defined in the New Security Agreement), a security interest, among other assets, in such of the Restricted Collateral (as such term is defined in the New Security Agreement) as is required pursuant to the terms of the Indenture. The Company warrants and represents that pursuant to the New Security Agreement, the Securities are secured, as to such Restricted Collateral, at least equally and ratably with all other obligations and indebtedness of the Company and certain of the Guarantors secured thereby as, and to the extent, required by the Indenture.
