Pledge; Assignment; Grant of Security Interests Sample Clauses

Pledge; Assignment; Grant of Security Interests. (a) To secure the prompt and complete payment and performance when due by the Borrower of all of the Obligations, including all amounts payable or to become payable to the Secured Parties by the Borrower under the Financing Documents when and as the same shall become due and payable (whether by acceleration or otherwise) in accordance with the terms thereof, the Borrower hereby assigns and pledges to the Administrative Agent for the benefit of the Secured Parties, and hereby grants to the Administrative Agent for the benefit of the Secured Parties, a security interest in, and lien on, all of the Borrower's right, title and interest in and to the following, whether now owned or hereafter acquired (the "Collateral"):
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Pledge; Assignment; Grant of Security Interests. (a) To secure the prompt and complete payment and performance of all obligations of the OPMW Borrower under the OPMW Guarantee (collectively, the "Secured Obligations"), the OPMW Borrower hereby assigns and pledges to the OPNY Administrative Agent for the benefit of the Secured Parties, and hereby grants to the OPNY Administrative Agent for the benefit of the Secured Parties, a second priority security interest in, and second priority lien on, all of the OPMW Borrower's right, title and interest in and to the following, whether now owned or hereafter acquired (the "Collateral"; capitalized terms used in subsections 2.01(a)(i) through 2.01(a)(xiv) not otherwise defined herein shall have the meaning set forth in the OPMW Credit Agreement):
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Pledge; Assignment; Grant of Security Interests. (a) To secure the prompt and complete payment and performance of the obligations of the Grantor under the OPNY Guarantee (collectively, the "Secured Obligations"), the Grantor hereby assigns and pledges to the OPMW Administrative Agent for the benefit of the Secured Parties, and hereby grants to the OPMW Administrative Agent for the benefit of the Secured Parties, a security interest in, and lien on, all of the Grantor's right, title and interest in and to the following, whether now owned or hereafter acquired (the "Collateral"); capitalized terms used in subsections 2.01(a)(i) through 2.01(a)(xiv) not otherwise defined herein shall have the meaning set forth in the OPNY Credit Agreement):
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Pledge; Assignment; Grant of Security Interests. (a) To secure the prompt and complete payment and performance when due of (i) all obligations of the Borrower under the Credit Agreement and the Notes to pay or repay the principal of, and interest on, the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) all obligations of the Grantor under and pursuant to the Subsidiary Guarantee, (iii) all Fees, expenses, indemnities and expense reimbursement obligations of the Borrower or any of its Subsidiaries under the Credit Agreement or any other Financing Documents, including this Agreement, in respect of the Loans, (iv) all other obligations, covenants and agreements, monetary or otherwise, of the Borrower or any of its Subsidiaries under any Financing Document to which it is a party, in each case, whether now owing or hereafter existing, (v) all disbursements made by the Secured Parties for the payment of taxes, common area charges, insurance premiums, and all other fees, expenses or advances in connection with or relating to the Collateral, and interest on such disbursements and other amounts not timely paid in accordance with the terms of the Credit Agreement, this Agreement and the other Financing Documents, (vi) all sums with respect to the foregoing that would become due but for the 4 352 operation of the automatic stay under Section 362(a) of Title 11 of the United States Code (the "Bankruptcy Code"), including, without limitation, interest, fees and other charges that, but for the filing of a petition in bankruptcy with respect to the Borrower would accrue on the foregoing whether or not a claim is alleged against the Borrower for such sums in any such bankruptcy proceeding, and (vii) all renewals, extensions, amendments, modifications and changes and supplements of, or substitutions or replacements for, all or any part of the foregoing, the Grantor hereby assigns and pledges to the Administrative Agent for the benefit of the Secured Parties, and hereby grants to the Administrative Agent for the benefit of the Secured Parties, a security interest in, and lien on, all of the Grantor's right, title and interest in and to the following, whether now owned or hereafter acquired (the "Collateral"):
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Related to Pledge; Assignment; Grant of Security Interests

  • Pledge; Grant of Security Interest As collateral security for the payment and performance in full of all the Secured Obligations, each Grantor hereby pledges and grants to the Agent for its benefit and for the benefit of the other Credit Parties, a Lien on and security interest in and to all of the right, title and interest of such Grantor in, to and under all personal property and interests in such personal property, wherever located, and whether now existing or hereafter arising or acquired from time to time (collectively, the “Collateral”), including, without limitation:

  • Pledge and Grant of Security Interest To secure the prompt payment and performance in full when due, whether by lapse of time or otherwise, of the Pledgor Obligations (as defined in Section 3 hereof), each Pledgor hereby pledges and assigns to the Agent, for the benefit of the Lenders, and grants to the Agent, for the benefit of the Lenders, a continuing security interest in any and all right, title and interest of such Pledgor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Pledged Collateral"):

  • Assignment of Security Interest If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

  • Assignment and Grant of Security Interest As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of all the Obligations and in order to induce the Lenders to make Loans in accordance with the terms of the Credit Agreement, the Pledgor hereby pledges and grants to the Administrative Agent (for the benefit of the Lenders), a first priority Lien on and security interest in and to, and agrees and acknowledges that Administrative Agent has and shall continue to have, a security interest in and to, and assigns, transfers, pledges and conveys to Administrative Agent (for the benefit of the Lenders) all of Pledgor's right, title, and interest in and to the Collateral.

  • Grant of Security Interests In addition to the other rights provided in this Section 9.9, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the Loans), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board), without notice to Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, by notice to Agent; provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause (b) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder.

  • Reaffirmation of Security Interests Each Loan Party (a) affirms that each of the Liens granted in or pursuant to the Loan Documents are valid and subsisting and (b) agrees that this Amendment does not in any manner impair or otherwise adversely affect any of the Liens granted in or pursuant to the Loan Documents.

  • Grant of Security Interest in Trademark Collateral Each Pledgor hereby pledges and grants to the Collateral Agent for the benefit of the Secured Parties a lien on and security interest in and to all of its right, title and interest in, to and under all the following Pledged Collateral of such Pledgor:

  • Grant of Security Interest All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The Borrower, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuer and the Lenders (including the Swing Line Lender), and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.14(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

  • Grant of Security Interest in the Collateral To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Grantor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”):

  • Reaffirmation of Security Interest The Borrower hereby reaffirms as of the date hereof each and every security interest and Lien granted in favor of the Security Agent and the Banks under the Loan Documents, and agrees and acknowledges that such security interests and Liens shall continue from and after the date hereof and shall remain in full force and effect from and after the date hereof, in each case after giving effect to the Credit Agreement as amended by this Amendment, and the Obligations secured thereby and thereunder shall include the Borrower’s obligations under the Credit Agreement as amended by this Amendment. Each such reaffirmed security interest and Lien remains and shall continue to remain in full force and effect and is hereby in all respects ratified and confirmed.

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