Common use of Pledge of Collateral Clause in Contracts

Pledge of Collateral. To secure payment and performance of the Obligations, Customer hereby pledges, assigns, transfers and sets over to MLBFS, and grants to MLBFS first liens and security interests in and upon all of the Collateral, subject only to priorities afforded to Permitted Liens.

Appears in 20 contracts

Samples: Loan and Security Agreement (Exactech Inc), Lynch Term Loan and Security Agreement (Thanksgiving Coffee Co Inc), Security Agreement (Continucare Corp)

AutoNDA by SimpleDocs

Pledge of Collateral. To secure payment and performance of the Obligations, Customer hereby pledges, assigns, transfers and sets over to MLBFS, and grants to MLBFS first liens and security interests in and upon all of the CollateralColateral, subject only to priorities afforded to Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Collegiate Pacific Inc)

AutoNDA by SimpleDocs

Pledge of Collateral. To secure payment and performance of the Obligations, Customer hereby pledges, assigns, transfers and sets over to MLBFS, and grants to MLBFS a first liens lien and security interests interest in and upon all of the Collateral, subject only to priorities afforded to Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (Cysive Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!