Common use of Pledge of Account Collateral Clause in Contracts

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”):

Appears in 8 contracts

Samples: Loan and Security Agreement (Bloomin' Brands, Inc.), Mezzanine Loan and Security Agreement (Bloomin' Brands, Inc.), Mezzanine Loan and Security Agreement (Bloomin' Brands, Inc.)

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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):

Appears in 4 contracts

Samples: Loan and Security Agreement (KBS Real Estate Investment Trust, Inc.), Loan and Security Agreement (Digital Realty Trust, Inc.), Loan and Security Agreement (American Financial Realty Trust)

Pledge of Account Collateral. (a) To secure the full and punctual payment and performance of the Obligations, Borrower hereby collaterally assigns, grants a security interest in and pledges to LenderAgent, to for the extent not prohibited by applicable lawbenefit of Lenders, 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”):

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Empire State Building Associates L.L.C.), Loan Agreement (Empire State Realty Trust, Inc.)

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"):

Appears in 2 contracts

Samples: Loan and Security Agreement (Reckson Operating Partnership Lp), Loan and Security Agreement (Reckson Associates Realty Corp)

Pledge of Account Collateral. To secure the full and punctual payment and performance of the Obligations, each of Borrower and Operating Lessee hereby collaterally assigns, grants a security interest in and pledges to LenderAdministrative Agent for the benefit of itself and the other Lenders, to the extent not prohibited by applicable law, a first priority continuing security interest in and to the following property of BorrowerBorrower 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):

Appears in 1 contract

Samples: Loan and Security Agreement (Strategic Hotels & Resorts, Inc)

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Pledge of Account Collateral. To secure the full and punctual payment and performance of the Obligations, Borrower and each of the PropCo Subsidiaries hereby collaterally assigns, grants a security interest in and pledges to Lenderthe Administrative Agent for the benefit of the Lenders, to the extent not prohibited by applicable law, a first priority continuing security interest in and to the following property of BorrowerBorrower and the PropCo Subsidiaries, whether now owned or existing or hereafter acquired or arising and regardless of where located (all of the same, collectively, the “Account Collateral”):

Appears in 1 contract

Samples: Credit Agreement (Toys R Us Inc)

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 LenderAdministrative Agent, to the extent not prohibited by applicable lawlaw (and shall cause the other Transaction Parties to execute the Accommodation Security Documents with respect thereto), a first priority continuing security interest in and to the following property of Borrower, Borrower whether now owned or existing or hereafter acquired or arising and regardless of where located (all of the same, collectively, the “Account Collateral”):

Appears in 1 contract

Samples: Loan and Security Agreement (Morgans Hotel Group Co.)

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