Common use of GUARANTIES; GUARANTOR SECURITY Clause in Contracts

GUARANTIES; GUARANTOR SECURITY. All of the obligations of the Company under the Notes and this Agreement shall be guaranteed pursuant to the Guaranties by the Guarantors. All of the obligations of the Guarantors under the Guaranties shall be secured by the following (collectively, the “Guarantor Collateral”) each of which shall be a lien ranking senior and superior to all other liens: (a) a lien on all of the personal property and assets of the respective Guarantors now existing or hereinafter acquired, granted pursuant to the Guarantors General Security Agreement; and (b) collateral assignments of all leases, contracts, patents, copyrights, trademarks and service marks of the Guarantors.

GUARANTIES; GUARANTOR SECURITY. All of the obligations of the Company under the Notes and this Agreement shall be guaranteed pursuant to the Guaranties by the GuarantorsGuarantor. All of the obligations of the Guarantors Guarantor under the Guaranties Guaranty shall be secured by the following (collectively, the “Guarantor Collateral”) each of which shall be a lien ranking senior and superior to all other liens: (a) a lien on all of the personal property and assets of the respective Guarantors Guarantor now existing or hereinafter acquired, granted pursuant to the Guarantors Guarantor’s General Security Agreement; and (b) collateral assignments of all leases, contracts, patents, copyrights, trademarks and service marks of the GuarantorsGuarantor.