Common use of Security for the Obligations Clause in Contracts

Security for the Obligations. To secure the payment and performance by Borrower of the Obligations hereunder, the Credit Parties grant, under and pursuant to the Security Agreements executed by the Credit Parties dated as of the date hereof, to Lender, its successors and assigns, a continuing first-priority security interest (if obtainable on the Closing Date) in, and does thereby assign, transfer, mortgage, convey, pledge, hypothecate and set over to Lender, its successors and assigns, all of the Credit Parties’ right, title and interest in and to the Collateral (as defined in each Security Agreement), whether now owned or hereafter acquired, and all proceeds (including, without limitation, all insurance proceeds) and products of any of the Collateral. The Security Agreements executed by the Credit Parties shall terminate following the full payment and performance of all of the Obligations hereunder and under any Loan Document.

Security for the Obligations. To secure the payment and performance by Borrower of the Obligations hereunder, the Credit Parties grant, under and pursuant to the Security Agreements executed by the Credit Parties dated as of the date hereof, to Lender, its successors and assigns, a continuing first-priority security interest (if obtainable on the Closing Datedate hereof) in, and does thereby assign, transfer, mortgage, convey, pledge, hypothecate and set over to Lender, its successors and assigns, all of the Credit Parties’ right, title and interest in and to the Collateral (as defined in each Security Agreement), whether now owned or hereafter acquired, and all proceeds (including, without limitation, all insurance proceeds) and products of any of the Collateral. The Security Agreements executed by the Credit Parties shall terminate following the full payment and performance of all of the Obligations hereunder and under any Loan Document.

Security for the Obligations. To secure the payment and performance by Borrower of the Obligations hereunder, the Credit Parties grantBorrower grants, under and pursuant to the Security Agreements Agreement executed by the Credit Parties it dated as of the date hereof, to Lender, its successors and assigns, a continuing first-priority security interest (if obtainable on the Closing Datedate hereof) in, and does thereby assign, transfer, mortgage, convey, pledge, hypothecate and set over to Lender, its successors and assigns, all of the Credit Parties’ Borrower’s right, title and interest in and to the Collateral (as defined in each the Security Agreement), whether now owned or hereafter acquired, and all proceeds (including, without limitation, all insurance proceeds) and products of any of the Collateral. The Security Agreements Agreement executed by the Credit Parties Borrower shall terminate following the full payment and performance of all of the Obligations hereunder and under any Loan Document.