Common use of Security Interest and Pledge Clause in Contracts

Security Interest and Pledge. As security for the prompt and complete satisfaction of all obligations of the Company under this Agreement and the Lender Note, whether for principal, interest, expenses or otherwise, the Company hereby grants, transfers and assigns and pledges to Lender all of its respective right, title and interest in and grants Lender a senior security interest in the Company's assets as set forth in Schedule 3.1 attached hereto (the "PLEDGED ASSETS").

Security Interest and Pledge. As security for the prompt and complete satisfaction of all obligations of the Company under this Agreement and the Lender Note, whether for principal, interest, expenses or otherwise, the Company hereby grants, transfers and assigns and pledges to Lender all of its respective right, title and interest in and grants Lender a senior security interest in the Company's assets as set forth in Schedule 3.1 attached hereto (the "PLEDGED ASSETS").security