Common use of Guarantor Security Documents Clause in Contracts

Guarantor Security Documents. All of the obligations of the Guarantors under the Guaranties shall be secured by the following (collectively, the "Guarantor Debenture Collateral") each of which, except for Permitted Liens, shall be a lien ranking (i) junior and subordinate to the lien granted to Xxxxxx pursuant to the Xxxxxx Term Loans, and (ii) senior and superior to those liens granted to the investors in the Existing Debentures, all as more specifically set forth in the Subordination Agreement: (a) A lien on all of the personal property and assets of the respective Guarantors now existing or hereinafter acquired, granted pursuant to a Guarantors General Security Agreement dated of even date herewith between the Guarantors and Xxxxx, as agent for the Purchasers substantially in the form of Exhibit G attached hereto (such agreement, as supplemented, amended or otherwise modified from time to time in accordance with its terms, the "Guarantors Security Agreement"). (b) Collateral assignments of all leases, contracts, patents, copyrights, trademarks and service marks of the Guarantors. (c) A mortgage granted by Houba Inc. on real property owned by Houba Inc. located at 00000 Xxxxx Xxxx 00, Xxxxxx, Indiana (the "Mortgage").

Appears in 1 contract

Samples: Debenture Purchase Agreement (Halsey Drug Co Inc/New)

AutoNDA by SimpleDocs

Guarantor Security Documents. All of the obligations of the Guarantors under the Guaranties shall be secured by the following (collectively, the "Guarantor Debenture Collateral") each of which, except for Permitted Liens, shall be a lien ranking (i) junior and subordinate to the lien granted to Xxxxxx Wxxxxx pursuant to the Xxxxxx Wxxxxx Term Loans, and (ii) senior and superior to those liens granted to the investors in the Existing Debentures, all as more specifically set forth in the Subordination Agreement: (a) A lien on all of the personal property and assets of the respective Guarantors now existing or hereinafter acquired, granted pursuant to a Guarantors General Security Agreement dated of even date herewith between the Guarantors and XxxxxGxxxx, as agent for the Purchasers substantially in the form of Exhibit G attached hereto (such agreement, as supplemented, amended or otherwise modified from time to time in accordance with its terms, the "Guarantors Security Agreement"). (b) Collateral assignments of all leases, contracts, patents, copyrights, trademarks and service marks of the Guarantors. (c) A mortgage granted by Houba Inc. on real property owned by Houba Inc. located at 00000 10000 Xxxxx Xxxx 00, Xxxxxx, Indiana Xxxxxxx (the "Mortgage").

Appears in 1 contract

Samples: Debenture Purchase Agreement (Galen Partners Iii L P)

Guarantor Security Documents. All of Axx xx the obligations of the Guarantors under the Guaranties shall be secured by the following (collectively, the "Guarantor Debenture Collateral") each of which, except for Permitted Liens, shall be a lien ranking (i) junior and subordinate to the lien granted to Xxxxxx Watson pursuant to the Xxxxxx Watson Term Loans, and (ii) senior and superior to those superiox xx xhose liens granted to the grantex xx xhe investors in the Existing Debentures, all as more specifically set forth in the Subordination Agreement: (a) A lien on all of the personal property and assets of the respective Guarantors now existing or hereinafter acquired, granted pursuant to a Guarantors General Security Agreement dated of even date herewith between the Guarantors and XxxxxGalen, as agent for the Purchasers substantially in the form of Exhibit G Exhibxx X attached hereto (such agreement, as supplemented, amended or otherwise modified from time to time in accordance with its terms, the "Guarantors Security Agreement"). (b) Collateral assignments of all leases, contracts, patents, copyrights, trademarks and service marks of the Guarantors. (c) A mortgage granted by Houba Inc. on real property owned by Houba Inc. located at 00000 Xxxxx Xxxx 0016235 State Road 17, XxxxxxCulver, Indiana (the "Mortgage").

Appears in 1 contract

Samples: Debenture Purchase Agreement (Halsey Drug Co Inc/New)

AutoNDA by SimpleDocs

Guarantor Security Documents. All of the obligations of the Guarantors under the Guaranties shall be secured by the following (collectively, the "Guarantor Debenture Collateral") each of which, except for Permitted Liens, shall be a lien ranking (i) junior and subordinate to the lien granted to Xxxxxx pursuant to the Xxxxxx Term Loans, and (ii) senior and superior to those liens granted to the investors in the Existing Debentures, all as more specifically set forth in the Subordination Agreement: (a) A lien on all of the personal property and assets of the respective Guarantors now existing or hereinafter acquired, granted pursuant to a Guarantors General Security Agreement dated of even date herewith between the Guarantors and Xxxxx, as agent for the Purchasers substantially in the form of Exhibit G attached hereto (such agreement, as supplemented, amended or otherwise modified from time to time in accordance with its terms, the "Guarantors Security Agreement"). (b) Collateral assignments of all leases, contracts, patents, copyrights, trademarks and service marks of the Guarantors. (c) A mortgage granted by Houba Inc. on real property owned by Houba Inc. located at 00000 Xxxxx Xxxx 00, Xxxxxx, Indiana Xxxxxxx (the "Mortgage").

Appears in 1 contract

Samples: Convertible Debenture Agreement (Halsey Drug Co Inc/New)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!