Grants of Security Sample Clauses
The "Grants of Security" clause establishes the legal mechanism by which a party provides collateral or security interests to another party, typically to secure the performance of obligations or repayment of a debt. In practice, this clause details the types of assets or property being pledged, the manner in which the security interest is created and perfected, and any conditions or limitations on the use or release of the collateral. Its core function is to protect the secured party by granting them rights over specific assets, thereby reducing credit risk and providing recourse in the event of default.
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Grants of Security. 1.1 PROPERTY GRANTED. Borrower, for and in consideration of the sum of Ten Dollars ($10.00) an other valuable consideration in hand paid, the receipt of which hereby is acknowledged, and the further consideration, uses, purposes and trusts herein set forth and declared, has granted bargained, transferred, assigned, set-over and consigned and by these presents does grant, bargain, transfer, assign, set-over and convey and by these presents does unto Trustee, and unto his or its successors in the trust hereby created and his or its assigns, forever, all of the Borrower's right, title and interest in and to the following (collectively, the "Property"): (a) the real property described in Exhibit A attached hereto and made a part hereof (the "Land "); (b) all ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ and development rights hereafter acquired by Borrower for use in connection with the Land and the development of the Land and all additional lands and estates therein which may, from time to time, by supplemental mortgage or otherwise be expressly made subject to the lien of this Security instrument; the buildings; structures, fixtures, additions, enlargements, extensions, modifications, repairs, replacements and improvements now or hereafter erected or located on the Land (the "Improvements"); (d) all casements, rights-of-way or use, rights, strips and gores of land, streets, ways, alleys, passages, sewer rights, water, water courses, water rights and powers, sir rights and development rights, and all estates, rights, titles, interests, privileges, liberties, servitudes, tenements, hereditaments and appurtenances of any nature whatsoever, in any way now or hereafter belonging, relating or pertaining to e Land and the Improvements and the reversion and reversions, remainder and remainders, and all land lying in the bed of any street, road or avenue, opened or proposed, in front of or adjoining the Land, to e center line thereof and all the estates, rights, titles, interests, dower and rights of dower, curtesy and rights of curtesy, property, possession, claim and demand whatsoever, both at law and in equity, of Borrower of, in and to the land and the Improvements and every part and parcel thereof, with the appurtenances thereto; (e) all furnishings, machinery, equipment, fixtures (including, but not limited to, all heating, air conditioning, plumbing, lighting, communications and elevator fixtures) and other property of every kind and nature whatsoever owned by Borrower, or in whi...
Grants of Security. Pledgor hereby assigns, pledges and grants to the Lender a first priority security interest in all of such Pledgor's right, title and interest in and to the following (the "Collateral") to secure the Secured Obligations (as defined in Section 2):
(i) the Pledged Shares and the certificates representing the Pledged Shares and any interest of such Pledgor in the entries on the books of any financial intermediary pertaining to the Pledged Shares, and all dividends, cash, warrants, rights, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Shares; and
(ii) all proceeds of the foregoing items described in the preceding clause (i).
Grants of Security. Section 1.1 Property Mortgaged 2 Section 1.2 Assignment of Rents 6 Section 1.3 Security Agreement 6 Section 1.4 Fixture Filing 6 Section 1.5 Pledges of Monies Held 7
Grants of Security. (a) Each Grantor hereby unconditionally grants, assigns, and pledges to Agent, for the benefit of each member of the Lender Group and each of the Bank Product Providers, to secure the Secured Obligations, a continuing security interest (hereinafter referred to as the “Grantor Security Interest”) in all of such Grantor’s right, title, and interest in and to the following, whether now owned or hereafter acquired or arising and wherever located (the “Grantor Collateral”):
(i) all of such Grantor’s Accounts;
(ii) all of such Grantor’s Books;
(iii) all of such Grantor’s Chattel Paper;
(iv) all of such Grantor’s Commercial Tort Claims;
(v) all of such Grantor’s Deposit Accounts;
(vi) all of such Grantor’s Equipment;
(vii) all of such Grantor’s Farm Products;
(viii) all of such Grantor’s Fixtures;
(ix) all of such Grantor’s General Intangibles;
(x) all of such Grantor’s Inventory;
(xi) all of such Grantor’s Investment Property;
(xii) all of such Grantor’s Intellectual Property and Intellectual Property Licenses;
(xiii) all of such Grantor’s Negotiable Collateral;
(xiv) all of such Grantor’s Pledged Interests (including all of such Grantor’s Pledged Operating Agreements and Pledged Partnership Agreements);
(xv) all of such Grantor’s Securities Accounts;
(xvi) all of such Grantor’s Supporting Obligations;
(xvii) all of such Grantor’s money, Cash Equivalents, or other assets of such Grantor that now or hereafter come into the possession, custody, or control of Agent (or its agent or designee) or any other member of the Lender Group; and
(xviii) all of the proceeds (as such term is defined in the Code) and products, whether tangible or intangible, of any of the foregoing, including proceeds of insurance or Commercial Tort Claims covering or relating to any or all of the foregoing, and any and all Accounts, Books, Chattel Paper, Deposit Accounts, Equipment, Fixtures, General Intangibles, Inventory, Investment Property, Intellectual Property, Negotiable Collateral, Pledged Interests, Securities Accounts, Supporting Obligations, money, or other tangible or intangible property resulting from the sale, lease, license, exchange, collection, or other disposition of any of the foregoing, the proceeds of any award in condemnation with respect to any of the foregoing, any rebates or refunds, whether for taxes or otherwise, and all proceeds of any such proceeds, or any portion thereof or interest therein, and the proceeds thereof, and all proceeds of any loss of, damage to, or ...
Grants of Security. In consideration of the premises, and to secure the full repayment and performance of the Obligations (as defined in Section 2.1 below), BORROWER DOES HEREBY IRREVOCABLY MORTGAGE, GRANT, BARGAIN, SELL, PLEDGE, ASSIGN, WARRANT, TRANSFER AND CONVEY TO LENDER, AND GRANT A SECURITY INTEREST TO LENDER IN, the following property, rights, interests and estates now owned, or hereafter acquired by Borrower (collectively, the “Property”):
Grants of Security. 1.1 Property Mortgaged. Grantor does hereby irrevocably mortgage, grant, bargain, sell, pledge, assign, warrant, transfer and convey to Trustee, its successors and assigns, for the benefit of Beneficiary, and grant a security interest to Beneficiary and Trustee in, the following property, rights, interests and estates now owned, or hereafter acquired by Grantor (collectively, the “Property”) with power of sale and right of entry and possession:
Grants of Security. Section 1.1 PROPERTY CONVEYED. Borrower does hereby irrevocably grant, bargain, sell, 196 pledge, assign, warrant, transfer and convey to Trustee and its successors and assigns, in trust, with Power of Sale for the benefit of Lender as beneficiary in trust, the following property, rights, interests and estates now owned or hereafter acquired by Borrower (collectively, the "PROPERTY"):
Grants of Security. 2 SECTION 1.1 PROPERTY MORTGAGED.................................................................. 2 (a) Land.......................................................................... 3 (b)
Grants of Security. In consideration of loans made by Charity Services Centers, P.A. (“CSC”) and assigned to the Center as holder, the total of which, with future advances will be up to $500,000 upon request (collectively, the “Loans”) the following grants are made to the Center as security for repayment of the Loans:
(a) PHEO, subject to the Loans described below being repaid in full, grants to the Center a pledge and continuing security interest in 700 shares of HED (the “HED Shares”) owned by PHEO representing its ownership of 70% of the total outstanding shares of stock of HED, and all securities, financial assets, investment property, credit balances, deposit accounts, general intangibles, instruments, documents, monies, and other property of whatever kind or description now or hereafter held by Grantors relating to its ownership interest in HED. Such security interest is intended to remain in place until such time as the Loan (as described below) is paid in full.
(b) HED grants to the Center a pledge and continuing security interest in all concessions now or hereafter held by HED including, without limitation, (1) concession rights to harvest 502,000 hectares of hardwood timber (the “Logging Concessions”), (2) conservation timber concessions relating to over 1,000,000 hectares of forest area in DRC (the “Conservation Concessions”) and (3) concessions for mining any minerals located on or in any HED concessions obtained at any time by HED in DRC (the “Mineral Concessions”). All of the Logging Concessions, Conservation Concessions and Mineral Concessions are hereinafter collectively referred to as the “HED Concessions.”
(c) All proceeds of any and all of the foregoing assets, including, without limitation, all dividends and interests paid or payable in respect of the foregoing assets, and, to the extent not otherwise included, all payments under insurance (whether or not the Center is the loss payee thereof), or any indemnity, warranty or guaranty, payable by reason of loss or damage to or otherwise with respect to any of the foregoing assets. For purposes of this Agreement, the foregoing assets and proceeds thereof are hereinafter referred to as the “Collateral”.
Grants of Security. Section 1