SECURITY INTEREST AND ASSIGNMENT. You hereby assign to BANK your 2012 federal income tax refund, your Account, and all funds deposited therein, to the extent necessary to facilitate collection by BANK of any amounts authorized by this Agreement. You also grant BANK a security interest in the same. You agree that BANK may assign, sell or transfer its ownership of all or part of its rights arising under this Agreement to a third party or affiliate of BANK. You may not revoke this security interest or any assignment.
SECURITY INTEREST AND ASSIGNMENT. 1. Customer grants a security interest in the Equipment now owned or hereafter acquired by Customer, and the proceeds thereof, to secure the purchase money obligations of Customer to TPx under this Agreement, including the purchase price of the Equipment. Customer retains title and possession of its purchased Equipment. TPx herein memorializes its security interest in the Equipment.
SECURITY INTEREST AND ASSIGNMENT. Notwithstanding the prohibition against assignments or subleases without Lessor's prior written consent, Lessee hereby transfers, conveys, and assigns to Lessor and grants to Lessor a security interest in all of Lessee's right, title, and interest in, but none of its obligations under any sublease of the Vehicles, and all proceeds and income arising therefrom. Any sublease permitted under this Agreement shall be in form and contain terms and conditions acceptable to Lessor and assigned to Lessor by form approved by Lessor, all such approvals by Lessor to be granted or withheld in Lessor's sole and absolute discretion. 14. LESSEE'S INDEMNITIES: Lessee agrees that: (a) Lessee will indemnify and hold harmless Lessor and its agents for, from, and against all losses, penalties, claims, and causes of action including legal fees and expenses of every kind and nature related to this Agreement or the selection, manufacture, purchase, delivery, lease, possession, use, misuse, contents, repair, collision, personal injury, death, condition or return of any of the Vehicles; (b) Lessor may, at its sole option, take any action Lessor deems necessary to cure any Event of Default, and Lessee will immediately and fully compensate Lessor for such action; and (c) Lessor is entitled to the accelerated cost recovery (or depreciation) deductions with respect to each Vehicle. Should any taxing authority disallow, eliminate, reduce, recapture, or disqualify, in whole or in part, any tax benefits with respect to any Vehicle (whether because of a change in tax law or policy or because of a change in the status or condition of the Vehicle), then Lessee will immediately pay a sum that permits Lessor to receive (on an after-tax basis over the full term of the Lease) the same after-tax cash flow and after-tax yield that Lessor may have reasonably assumed upon entering into the Lease. Any written request from Lessor for such a payment will be binding, unless objected to within 14 days of notification, and due upon request.
SECURITY INTEREST AND ASSIGNMENT. (a) Security Interest. For value received, Debtor hereby assigns over to and grants to Secured Party a security interest (the "Security Interest") in and to all of the Debtor's right, title and interest in and to the following properties, rights, interests and privileges, whether now owned or hereafter acquired, and in all products thereof and cash and non-cash proceeds of insurance policies from the loss thereof (all of which properties, rights, interests, privileges and proceeds are hereinafter called the "Collateral").
SECURITY INTEREST AND ASSIGNMENT. As security for the payment in full of the Credit Agreement Obligations (other than the Junior Obligations), (a) each Grantor hereby grants to the Collateral Agent, its successors and permitted assigns, for the ratable benefit of the Senior Secured Parties that hold such Credit Agreement Obligations, a first priority security interest in all of such Grantor's right, title and interest in, to and under the Collateral (other than the Second Priority Collateral to the extent subject to a first priority security interest securing the obligations under the Potash Facility), (b) the Second Priority Grantor hereby grants to the Collateral Agent, its successors and permitted assigns, for the ratable benefit of the Senior Secured Parties that hold such Credit Agreement Obligations, a second priority security interest (junior only to the security interest therein securing the Potash Facility) in all of such Grantor's right, title and interest in, to and under the Second Priority Collateral to the extent subject to a first priority security interest securing the obligations under the Potash Facility and (c) the Assigned Contract Parties hereby assign to the Collateral Agent, its successors and permitted assigns, for the ratable benefit of the Senior Secured Parties that hold such Credit Agreement Obligations, all the Assigned Contract Rights. In addition, as security for the payment in full of the Senior Obligations other than the Credit Agreement Obligations, (a) each Grantor hereby grants to the Collateral Agent, its successors and permitted assigns, for the benefit of the holders of the Senior Obligations other than the Credit Agreement Obligations, a first priority security interest in all of such Grantor's right, title and interest in, to and under the Collateral (other than the Second Priority Collateral to the extent subject to a first priority security interest securing the obligations under the Potash Facility), in each case only if and to the extent that Proceeds from such Collateral are required to be applied pursuant to the Collateral Sharing Agreement to pay such Senior Obligations, (b) the Second Priority Grantor hereby grants to the Collateral Agent, its successors and permitted assigns, for the benefit of the holders of the Senior Obligations other than the Credit Agreement Obligations, a second priority security interest (junior only to the security interest therein securing the Potash Facility) in all of such Grantor's right, title and interest in, ...
SECURITY INTEREST AND ASSIGNMENT
