Common use of SECURITY INTEREST GRANTED TO THE GRANTOR Clause in Contracts

SECURITY INTEREST GRANTED TO THE GRANTOR. As security for the Grantee's obligation to pay the Licence Fee to the Grantor, the Grantee agrees to execute a Security Agreement in a form reasonably acceptable to the Grantor with respect to any interest in any American Prospect acquired by the Grantee and/or its Subsidiaries, which will grant to the Grantor a security interest in any Gross Revenues generated by the Grantee and/or its Subsidiaries in such American Prospect. The grant of the security interest shall not exceed the anticipated aggregate Licence Fee payable to the Grantor with respect to such American Prospects.