Common use of Security Interest; Assignment of Marks Clause in Contracts

Security Interest; Assignment of Marks. As collateral security for the payment and performance in full of all of the Obligations, each Assignor hereby unconditionally grants to the Lender a continuing security interest in, and second priority lien on, the Pledged Trademarks, and pledges the Pledged Trademarks to the Lender. In addition, Assignors have executed in blank and delivered to the Lender an assignment of federally registered trademarks in substantially the form of Exhibit 1 hereto (the “Assignment of Marks”). The Assignors hereby authorize the Lender to complete as assignee and record with the USPTO the Assignment of Marks upon the occurrence and during the continuance of an Event of Default and the exercise of the Lender’s remedies under this Agreement and the Loan Agreement.

Security Interest; Assignment of Marks. As collateral security for the payment and performance in full of all of the Obligations, each the Assignor hereby unconditionally grants to the Lender a continuing security interest in, in and second first priority lien on, on the Pledged Trademarks, and pledges and mortgages (but does not transfer title to) the Pledged Trademarks to the Lender. In addition, Assignors have the Assignor has executed in blank and delivered to the Lender an assignment of federally registered trademarks in substantially the form of Exhibit 1 hereto (the “"Assignment of Marks”"). The Assignors Assignor hereby authorize authorizes the Lender to complete as assignee and record with the USPTO PTO the Assignment of Marks upon the occurrence and during the continuance of an Event of Default and the proper exercise of the Lender’s 's remedies under this Trademark Agreement and the Loan Agreement.

Security Interest; Assignment of Marks. As collateral security for the payment and performance in full of all of the Obligations, each the Assignor hereby unconditionally grants to the Lender Bank a continuing security interest in, in and second first priority lien on, on the Pledged Trademarks, and pledges and mortgages (but does not transfer title to) the Pledged Trademarks to the LenderBank. In addition, Assignors have the Assignor has executed in blank and delivered to the Lender Bank an assignment of federally registered trademarks in substantially the form of Exhibit 1 hereto (the “"Assignment of Marks”"). The Assignors Assignor hereby authorize authorizes the Lender Bank to complete as assignee and record with the USPTO PTO the Assignment of Marks upon the occurrence and during the continuance of an Event of Default and the proper exercise of the Lender’s Bank's remedies under this Trademark Agreement and the Loan Security Agreement.

Security Interest; Assignment of Marks. As collateral security for the payment and performance in full of all of the Obligations, each the Assignor hereby unconditionally grants to the Lender Bank a continuing security interest in, in and second first priority lien on, on the Pledged Trademarks, and pledges and mortgages (but does not transfer title to) the Pledged Trademarks to the LenderBank. In addition, Assignors have the Assignor has executed in blank and delivered to the Lender Bank an assignment of federally registered trademarks in substantially the form of Exhibit 1 hereto (the “"Assignment of Marks”"). The Assignors Assignor hereby authorize authorizes the Lender Bank to complete as assignee and record with the USPTO PTO the Assignment of Marks upon the occurrence and during the continuance of an Event of Default and the proper exercise of the Lender’s Bank's remedies under this Agreement and the Loan Trademark Agreement.