Pledge of Account Collateral. To secure the full and punctual payment and performance of the Obligations, Borrower hereby collaterally assigns, grants a security interest in and pledges to Lender, to the extent not prohibited by applicable law, a first priority continuing security interest in and to the following property of Borrower, whether now owned or existing or hereafter acquired or arising and regardless of where located (all of the same, collectively, the “Account Collateral”):
Pledge of Account Collateral. To secure the full and punctual payment and performance of the Obligations, Borrower and Operating Lessee hereby collaterally assigns, grants a security interest in and pledges to Lender, to the extent not prohibited by applicable law (and shall cause Operating Lessee to execute the Accommodation Security Documents with respect thereto), a first priority continuing security interest in and to the following property of Borrower and/or Operating Lessee, as applicable, whether now owned or existing or hereafter acquired or arising and regardless of where located (all of the same, collectively, the “Account Collateral”):
Pledge of Account Collateral. (SECOND MEZZANINE). To secure the full and punctual payment and performance of the Obligations (Second Mezzanine), Mezzanine Borrower hereby collaterally assigns, grants a security interest in and pledges to Mezzanine Lender, to the extent not prohibited by applicable law, a first priority continuing security interest in and to the following property of Mezzanine Borrower, whether now owned or existing or hereafter acquired or arising and regardless of where located (all of the same, collectively, the ACCOUNT COLLATERAL (SECOND MEZZANINE)):
Pledge of Account Collateral. To secure the full and punctual payment and performance of the Obligations, Borrower (or in the case of the Maryland Property, Maryland Loan Guarantor) hereby collaterally assigns, grants a security interest in and pledges to Lender, to the extent not prohibited by applicable law, a first priority continuing security interest in and to the following property of Borrower (or in the case of the Maryland Property, Maryland Loan Guarantor), whether now owned or existing or hereafter acquired or arising and regardless of where located (all of the same, collectively, the “Account Collateral”):
Pledge of Account Collateral. To secure the full and punctual payment and performance of the Obligations, Borrower hereby collaterally assigns, grants a security interest in and pledges to Lender, to the extent not prohibited by applicable law, a first priority continuing security interest in and to the following property of Borrower, whether now owned or existing or hereafter acquired or arising and regardless of where located (all of the same, collectively, the ACCOUNT COLLATERAL):
Pledge of Account Collateral. To secure the full and punctual payment ---------------------------- and performance when due of all of the Guaranteed Obligations, Pool Parent hereby pledges, and grants to the Collateral Agent for the benefit of the Landlords, a first and continuing security interest in and to, the following property, whether now owned or existing or hereafter acquired or arising and regardless of where located (such property, collectively, the "ACCOUNT COLLATERAL"):
Pledge of Account Collateral. (a) To secure the full and punctual payment and performance of the Debt in connection with the Loan, upon creation of the Collateral Accounts, Borrower and Hotel Lessee each hereby collaterally assigns, grants a security interest in and pledges to Administrative Agent for the benefit of Lenders, to the extent not prohibited by applicable law, a first priority continuing security interest in and to the following property of Borrower and Hotel Lessee, as applicable, whether now owned or existing or hereafter acquired or arising and regardless of where located (all of the same, collectively, the “Account Collateral”):
Pledge of Account Collateral. (a) To secure the full and punctual payment and performance of the Debt in connection with the Loan, upon creation of the Mezzanine Collateral Accounts, Borrower shall collaterally assign, grant a security interest in and pledge to Administrative Agent for the benefit of Lenders, to the extent not prohibited by applicable law, a first priority continuing security interest in and to the following property of Borrower, whether now owned or existing or hereafter acquired or arising and regardless of where located (all of the same, collectively, the “Account Collateral”):
Pledge of Account Collateral. To secure the full and punctual payment and performance of all of the Secured Obligations, the Second Mortgage Secured Obligations, and the Third Mortgage Secured Obligations, Borrowers hereby assign, convey, pledge and transfers to Administrative Agent, as secured party, and grants Administrative Agent a first and continuing security interest in and to, the Account Collateral. To the extent Administrative Agent’s security interest in any portion of the Account Collateral may be perfected by possession thereof, Administrative Agent shall be deemed to be in possession of the same by virtue of Servicer holding the Account Collateral as Administrative Agent’s agent and for Administrative Agent’s benefit in accordance with this Agreement. To the extent Administrative Agent’s security interest in any portion of the Account Collateral may be perfected by control thereof, Administrative Agent shall be deemed to be in control of the same by virtue of Servicer, in its capacity as Administrative Agent’s agent with respect to the Account Collateral, being a customer of the bank in which Servicer holds the Account Collateral. At Administrative Agent’s option, Administrative Agent may notify the financial institution that holds the applicable Accounts of Administrative Agent’s security interest in the Account Collateral. Borrowers hereby authorize Administrative Agent to file such financing statements in such locations as Administrative Agent deems reasonably necessary to perfect Administrative Agent’s security interest in the Account Collateral, and Borrowers hereby agree to execute such other documents as Administrative Agent may request to perfect the rights assigned and the security interest granted by this Agreement, and shall pay the cost of filing such financing statements in such offices in such jurisdictions as Administrative Agent may reasonably require. 153251886 Loan Agreement (NY Loan) - GTJ Portfolio Refinancing - AIG
Pledge of Account Collateral. To secure the full and punctual payment and performance of the Obligations, Mezzanine Borrower hereby collaterally assigns, grants a security interest in and pledges to Mezzanine Lender, to the extent not prohibited by applicable law, a first priority continuing security interest in and to the following property of Mezzanine Borrower, whether now owned or existing or hereafter acquired or arising and regardless of where located (all of the same, collectively, the ACCOUNT COLLATERAL):
