Common use of Liens and Security Clause in Contracts

Liens and Security. Completion Guarantor acknowledges and agrees that Producer may grant to Beneficiary liens and security in the Film, and other items of related collateral, to secure the payment of all monies payable, and the performance of all of Producer’s obligations, to Beneficiary according to one or more Funding Documents. Beneficiary acknowledges and agrees that Producer may grant to Completion Guarantor liens and security in the Film, and other items of related collateral, to secure the payment of all monies payable, and the performance of all of Producer’s obligations, to Completion Guarantor according to one or more Completion Documents. Completion Guarantor shall have the right to file, record, and register any Security Document with any governmental agency and in any state, province, or jurisdiction where Completion Guarantor believes any such Security Document should be filed to perfect the Completion Guarantor’s liens and security in the Film and other items of related collateral, including the right to register a Copyright Mortgage and Assignment with the U.S. Copyright Office.

Liens and Security. Completion Guarantor acknowledges and agrees that Producer may grant to Beneficiary liens and security in the Film, and other items of related collateral, to secure the payment of all monies payable, and the performance of all of Producer’s obligations, to Beneficiary according to one or more Funding Documents. Beneficiary acknowledges and agrees that Producer may grant to Completion Guarantor liens and security in the Film, and other items of related collateral, to secure the payment of all monies payable, and the performance of all of Producer’s obligations, to Completion Guarantor according to one or more Completion Documents. Completion Guarantor shall have the right to file, record, and register any Security Document with any governmental agency and in any state, province, state or jurisdiction where Completion Guarantor believes any such Security Document should be filed to perfect the Completion Guarantor’s liens and security in the Film and other items of related collateral, including the right to register a Copyright Mortgage and Assignment with the U.S. Copyright Office.

Liens and Security. Completion Guarantor acknowledges and agrees that Producer may grant to Beneficiary liens and security in the Film, and other items of related collateral, to secure for the purpose of securing the payment of all monies payable, and the performance of all of Producer’s obligations, to Beneficiary according pursuant to one or more Funding Documents. Beneficiary acknowledges and agrees that Producer may grant to Completion Guarantor liens and security in the Film, and other items of related collateral, to secure for the purpose of securing the payment of all monies payable, and the performance of all of Producer’s obligations, to Completion Guarantor according pursuant to one or more Completion Documents. Completion Guarantor shall have the right to file, record, record and register any Security Document with any governmental agency and in any state, province, state or jurisdiction where Completion Guarantor believes any such Security Document should be filed in order to perfect the Completion Guarantor’s liens and security in the Film and other items of related collateral, including the right to register a Copyright Mortgage and Assignment with the U.S. Copyright Office.