Common use of Personal Property Security Clause in Contracts

Personal Property Security. As security for the Lessee Obligations, Lessee hereby irrevocably and unconditionally assigns and grants to Lessor, for the benefit of the Lessor Parties, a security interest in all estate, right, title and interest of Lessee in the following Property, whether now owned or hereafter acquired, (collectively, the "Personal Property Collateral"): (i) All Subleases and Issues and Profits to the extent such Subleases and Issues and Profits constitute personal property;

Appears in 1 contract

Samples: Facility Lease Agreement (Novellus Systems Inc)

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Personal Property Security. As security for the Lessee Obligations, Lessee hereby irrevocably and unconditionally assigns and grants to Lessor, for the benefit of the Lessor Parties, a security interest in all estate, right, title and interest of Lessee in the following Propertyproperty, whether now owned or leased or hereafter acquired, (collectively, the "Personal Property Collateral"): (i) All Subleases and Issues and Profits to the extent such Subleases and Issues and Profits constitute personal property;

Appears in 1 contract

Samples: Participation Agreement (Kla Tencor Corp)

Personal Property Security. As security for the Lessee ObligationsObligations under Facility 1, Lessee hereby irrevocably and unconditionally assigns and grants to Lessor, for the benefit of the Lessor Parties, a security interest in all estate, right, title and interest of Lessee in the following Propertyproperty, whether now owned or leased or hereafter acquired, (collectively, the "Personal Property Collateral"): (i) All Subleases and Issues and Profits to the extent such Subleases and Issues and Profits constitute personal property;

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

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Personal Property Security. As security for the Lessee ObligationsObligations under Facility 3, Lessee hereby irrevocably and unconditionally assigns and grants to Lessor, for the benefit of the Lessor Parties, a security interest in all estate, right, title and interest of Lessee in the following Propertyproperty, whether now owned or leased or hereafter acquired, (collectively, the "Personal Property Collateral"): (i) All Subleases and Issues and Profits to the extent such Subleases and Issues and Profits constitute personal property;

Appears in 1 contract

Samples: Participation Agreement (Novellus Systems Inc)

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