Security for Guaranteed Obligations. The grant of a security interest in, the Collateral by each Grantor under this IP Security Agreement secures the prompt and complete payment and performance when due of all Guaranteed Obligations, whether direct or indirect, now existing or hereafter arising, absolute or contingent, and whether for principal, reimbursement obligations, interest, premiums, penalties, fees, guarantee obligations, indemnifications, contract causes of action, costs, expenses or otherwise.
Security for Guaranteed Obligations. The security ----------------------------------- interest created hereby in the Collateral constitutes continuing collateral security for all of the following obligations, whether now existing or hereafter incurred (the "Guaranteed Obligations"): ----------------------
(a) the prompt payment by the Grantor, as and when due and payable, of all amounts from time to time owing by it in respect of its Guaranty, dated as of July __, 1999 (as amended or otherwise modified from time to time, the "Guaranty"), in favor of each of the Lenders and the Collateral Agent, --------- including, without limitation, principal of and interest on the Loans (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization of any Borrower, whether or not a claim for post-filing interest is allowed in such proceeding), all Letter of Credit Obligations and Ledger Debt and all interest thereon, all fees, commissions, expense reimbursements, indemnifications and all other amounts due or to become due under any Loan Document to which it is a party; and
(b) the due performance and observance by the Grantor of all of its other obligations from time to time existing in respect of its Guaranty and all other Loan Documents to which it is a party.
Security for Guaranteed Obligations. This Agreement ----------------------------------- secures and the Pledged Collateral is security for the prompt and complete payment (whether at stated maturity, by acceleration or otherwise) of, and the performance and observance of, the Guaranteed Obligations.
Security for Guaranteed Obligations. The security interest created hereby in the Collateral constitutes continuing collateral security for all of the following obligations, whether now existing or hereafter incurred (the "Guaranteed Obligations"):
(a) the prompt payment by the Grantor, as and when due and payable (by scheduled maturity, required prepayment, acceleration, demand or otherwise), of all amounts from time to time owing by it in respect of its guaranty made pursuant to Article XI of the Financing Agreement dated the date hereof, in favor of the Agents and the Lenders, whether for principal, interest (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to bankruptcy, insolvency or reorganization of the Grantor, whether or not a claim for post-filing interest is allowed in such proceeding), Letter of Credit Obligations, fees, indemnification payments, expense reimbursements or otherwise; and
(b) the due performance and observance by the Grantor of all of its other obligations from time to time existing in respect of its guaranty made pursuant to Article XI of the Financing Agreement and all other Loan Documents to which it is a party.
Security for Guaranteed Obligations. As security for the payment and performance of the Guaranteed Obligations, the Guarantor hereby assigns, transfers, delivers and grants to the Lenders and to the Secured Party Representative on behalf of the Lenders a continuing and unconditional first priority security interest (the “Security Interest”) in and to any and all personal property of the Guarantor, of any kind or description, tangible or intangible, wherever located and whether now existing or hereafter arising, created or acquired, including the following (all of which property, along with the products and proceeds therefrom, are individually and collectively referred to as the “Collateral”):
(a) all property of, or for the account of, the Guarantor now or hereafter coming into the possession, control or custody of, or in transit to, any Lender or any agent or bailee for any Lender or any parent, affiliate or subsidiary of any Lender or any participant with the Lenders (whether for safekeeping, deposit, collection, custody, pledge, transmission or otherwise), including all earnings, dividends, interest, or other rights in connection therewith and the products and proceeds therefrom, including the proceeds of insurance thereon; and
(b) the additional property of Guarantor, whether now existing or hereafter arising or acquired, and wherever now or hereafter located, together with all additions and accessions thereto, substitutions, betterments and replacements therefor, products and Proceeds therefrom, and all of the Guarantor’s books and records and recorded data relating thereto (regardless of the medium of recording or storage), together with all of the Guarantor’s right, title and interest in and to all computer software required to utilize, create, maintain and process any such records or data on electronic media, identified and set forth as follows:
(i) All Accounts, including but not limited to billed and unbilled accounts receivable, and all Goods whose sale, lease or other disposition by the Guarantor has given rise to Accounts and have been returned to, or repossessed or stopped in transit by, the Guarantor, or rejected or refused by an account borrower;
(ii) All Inventory, including raw materials, work-in-process and finished goods;
(iii) All Goods (other than Inventory), including embedded software, Equipment, vehicles, furniture and Fixtures;
(iv) All Software and computer programs;
(v) All Securities, investment property, Financial Assets and Deposit Accounts;
(vi) All Chattel Pap...
Security for Guaranteed Obligations. This Agreement and the Collateral granted hereunder secures, in the case of Grantor, the payment of all Guaranteed Obligations now or hereafter existing, whether direct or indirect, absolute or contingent, and whether for principal, reimbursement Guaranteed Obligations, interest, fees, premiums, penalties, indemnifications, contract causes of action, costs, expenses or otherwise (all such Guaranteed Obligations, the “Secured Obligations”). Without limiting the generality of the foregoing, this Agreement secures the payment of all amounts that constitute part of the Secured Obligations and would be owed by Grantor to any Secured Party under the Transaction Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving the Grantor.
Security for Guaranteed Obligations. The security interest created hereby in the Collateral constitutes continuing collateral security for all of the following obligations, whether now existing or hereafter incurred (the "Guaranteed Obligations"):
(a) the prompt payment by the Grantor, as and when due and payable, of all amounts from time to time owing by it in respect of [its guaranty made pursuant to Article XI of the Financing Agreement] [its Guaranty, dated as of September __, 1997 (as amended or otherwise amended from time to time, the "Guaranty"), in favor of each of the Lenders and the Collateral Agent] , including, without limitation, principal of and interest on the Loans (including, without limitation, all interest that accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization of any Borrower, whether or not a claim for post-filing interest is allowed in such proceeding), all Letter of Credit Obligations and Ledger Debt and all interest thereon, all fees, commissions, expense reimbursements, indemnifications and all other amounts due or to become due under any Loan Document to
(b) the due performance and observance by the Grantor of all of its other obligations from time to time existing in respect of [Article XI of the Financing Agreement] [its Guaranty] and all other Loan Documents to which it is a party.
Security for Guaranteed Obligations. The security interest created hereby in the Pledged Collateral constitutes continuing collateral security for all of the following obligations whether now existing or hereafter incurred (the "Guaranteed Obligations"):
(a) the prompt payment by the Pledgor, as and when due and payable, of all amounts from time to time owing by it in respect of its guaranty made pursuant to Article XI of the Financing Agreement, including, without limitation, principal of and interest on the Loans (including, without limitation, all interest that accrues after the commencement of any case,
(b) the due performance and observance by the Pledgor of all of its other obligations from time to time existing in respect of Article XI of the Financing Agreement and the other Loan Documents to which it is a party.
Security for Guaranteed Obligations. This Agreement secures the payment and performance when due (whether at the stated maturity, by acceleration or otherwise) for the Guaranteed Obligations (as defined in the Limited Guaranty).
Security for Guaranteed Obligations. The security interest created hereby in the Collateral constitutes continuing collateral security for all of the following obligations, whether now existing or hereafter incurred (the “Guaranteed Obligations”):
(a) the prompt payment by Grantor, as and when due and payable (on demand, by mandatory prepayment, by scheduled maturity or otherwise), of all amounts from time to time owing by it under the Guaranty, whether for principal, interest, fees or otherwise (including, without limitation, amounts that but for the operation of Section 362 of the Bankruptcy Code would become due), and all amounts from time to time owing by the Grantor in respect of the other Loan Documents, in each case, of every kind, nature and description, direct and indirect, secured and unsecured, joint and several, absolute or contingent, due or to become due, now or hereafter arising and whether now existing or hereafter arising; and
(b) the due performance and observance by Grantor of all of its other obligations from time to time existing in respect of the Guaranty and all other Loan Documents to which it is a party. Without limiting the generality of the foregoing, this Agreement secures the payment of all amounts that constitute part of the Guaranteed Obligations and would be owed by Grantor to the Holders under the Guaranty and the other Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving a Grantor.
