Common use of Security for Obligation Clause in Contracts

Security for Obligation. The Security Interest secures among other things the payment and performance of all obligations of the Issuer now or hereafter existing under the Securities, the Collateral Agreements or this Indenture, including without limitation the prompt payment when due (whether by acceleration or otherwise) of the principal of or interest on the Securities (all such obligations of the Issuer being herein called the "Obligations").