Common use of Pledge of Account Clause in Contracts

Pledge of Account. To secure the full and punctual payment and performance of all of the Indebtedness, Borrower hereby assigns, conveys, pledges and transfers to the Agent on behalf of the Lenders as secured party, and grants Agent on behalf of the Lenders 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 (collectively, the “Account Collateral”):

Appears in 4 contracts

Samples: Loan Agreement (American Financial Realty Trust), Loan Agreement (Gramercy Capital Corp), Loan Agreement (Thomas Properties Group Inc)

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Pledge of Account. To secure the full and punctual payment and performance of all of the Indebtedness, Borrower hereby assigns, conveys, pledges and transfers to the Agent on behalf of the Lenders as secured party, and grants Agent on behalf of the Lenders 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 (collectively, the "Account Collateral"):

Appears in 1 contract

Samples: Loan Agreement (First Union Real Estate Equity & Mortgage Investments)

Pledge of Account. To secure the full and punctual payment and performance of all of the Indebtedness, Borrower Borrowers hereby assignsassign, conveysconvey, pledges pledge and transfers transfer to the Lenders, to be held by Collateral Agent on behalf of the Lenders as secured partyagent/bailee, and grants Agent on behalf of the Lenders 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 (collectively, the "Account Collateral"):

Appears in 1 contract

Samples: Loan Agreement (Kranzco Realty Trust)

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Pledge of Account. To secure the full and punctual payment and performance of all of the Indebtedness, Borrower hereby grants, assigns, conveys, pledges and transfers to the Collateral Agent on behalf for the benefit of the Lenders as secured partyAgent for the Lenders, and grants Agent on behalf of the Lenders 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 (collectively, the "Account Collateral"):

Appears in 1 contract

Samples: Loan Agreement (Asset Investors Corp)

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