Common use of Pledge; Grant of Security Interest Clause in Contracts

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Agent, for the ratable benefit of the Lenders, all the Pledged Stock and the Pledged Promissory Notes endorsed as described in Section 4 below, and hereby grants to the Agent, for the ratable benefit of the Lenders, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Guarantee Obligations.

Appears in 2 contracts

Samples: Pledge Agreement (Oro Spanish Broadcasting Inc), Subsidiary Pledge Agreement (Oro Spanish Broadcasting Inc)

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Pledge; Grant of Security Interest. The Pledgor Each of the Pledgors hereby ---------------------------------- delivers to the Agent, for the ratable benefit of the Lenders, all the Pledged Stock and the Pledged Promissory Notes endorsed as described in Section 4 below, and hereby grants to the Agent, for the ratable benefit of the Lenders, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Guarantee Secured Obligations.

Appears in 1 contract

Samples: Pledge Agreement (National Equipment Services Inc)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Agent, for the ratable benefit of the Lenders, all of the Pledged Stock and the Pledged Promissory Notes endorsed as described in Section 4 below, and hereby grants to the Agent, for the ratable benefit of the Lenders, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Guarantee Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Aps Holding Corporation)

Pledge; Grant of Security Interest. The Pledgor hereby delivers ---------------------------------- to the Agent, for the ratable benefit of the Lenders, all Collateral Agent the Pledged Stock and the Pledged Promissory Notes endorsed as described in Section 4 below, and hereby grants to the Agent, Collateral Agent for the equal and ratable benefit of the Lenders, Sellers a first priority security interest in and lien and pledge on the Collateral, Collateral as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Guarantee ObligationsNotes and the performance when due of its obligations hereunder.

Appears in 1 contract

Samples: Pledge Agreement (Mobile Telecommunication Technologies Corp)

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Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Agent, for the ratable benefit of the Lenders, all the Pledged Stock and the Pledged Promissory Notes endorsed as described in Section 4 below, Property and hereby grants to the Agent, for the ratable benefit of the Lenders, a first priority and prior security interest and Lien in the CollateralPledged Property, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Guarantee Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Parallel Petroleum Corp)

Pledge; Grant of Security Interest. The Pledgor hereby delivers ---------------------------------- to the Agent, for the ratable benefit of the Lenders, all the Pledged Stock and the Pledged Promissory Notes endorsed as described in Section 4 below, and hereby grants to the Agent, for the ratable benefit of the Lenders, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Guarantee Secured Obligations.

Appears in 1 contract

Samples: Pledge Agreement (New Pameco Georgia Corp)

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