Common use of Pledge and Assignment of  Security Interest in Hedge Collateral Clause in Contracts

Pledge and Assignment of  Security Interest in Hedge Collateral. To secure the Obligations, the Sponsor hereby assigns, pledges and grants a security interest to Fxxxxxx Mac in and to all of its right, title and interest in and to the following (collectively, the “Hedge Collateral”): (a) the Hedge Agreement and any Subsequent Hedge Agreements; (b) any and all moneys (collectively, “Hedge Payments”) payable to the Sponsor, from time to time, pursuant to the Hedge Agreements or any Subsequent Hedge Agreements by the Counterparty thereunder; (c) the Cap Fee Escrow; (d) all rights of the Sponsor under any of the foregoing, including all rights of the Sponsor to the Hedge Payments and all contract rights and general intangibles now existing or hereafter arising with respect to any or all of the foregoing; (e) all rights, liens, security interests and guarantees now existing or hereafter granted by the Counterparty, or any other person, to secure or facilitate payment of the Hedge Payments; (f) all documents, writings, books, files, records and other documents arising from, or relating to, any of the foregoing, whether now existing or hereafter created; (g) all extensions, renewals and replacements of the foregoing; and (h) all cash and non-cash proceeds and products of any of the foregoing, including, without limitation, interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed or distributable in respect of or in exchange for any or all of the other Hedge Collateral.

Pledge and Assignment of  Security Interest in Hedge Collateral. To secure the Obligations, the Sponsor hereby assigns, pledges and grants a security interest to Fxxxxxx Xxxxxxx Mac in and to all of its right, title and interest in and to the following (collectively, the “Hedge Collateral”): (a) the Hedge Agreement and any Subsequent Hedge Agreements; (b) any and all moneys (collectively, “Hedge Payments”) payable to the Sponsor, from time to time, pursuant to the Hedge Agreements or any Subsequent Hedge Agreements by the Counterparty thereunder; (c) the Cap Fee Escrow; (d) all rights of the Sponsor under any of the foregoing, including all rights of the Sponsor to the Hedge Payments and all contract rights and general intangibles now existing or hereafter arising with respect to any or all of the foregoing; (e) all rights, liens, security interests and guarantees now existing or hereafter granted by the Counterparty, or any other person, to secure or facilitate payment of the Hedge Payments; (f) all documents, writings, books, files, records and other documents arising from, or relating to, any of the foregoing, whether now existing or hereafter created; (g) all extensions, renewals and replacements of the foregoing; and (h) all cash and non-cash proceeds and products of any of the foregoing, including, without limitation, interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed or distributable in respect of or in exchange for any or all of the other Hedge Collateral.