Security Interest in Equipment Clause Samples
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Security Interest in Equipment. In order to secure payment and performance of the Obligations, each of Borrower and each Subsidiary hereby grants to Lender a first and superior lien upon, and a first and superior security interest in, all Equipment now owned and hereafter acquired by Borrower and each Subsidiary. Each of Borrower and each Subsidiary agrees to execute and deliver to Lender, as a condition to the obligations of Lender hereunder, a duly and validly executed security agreement creating a first and superior security interest in its Equipment.
Security Interest in Equipment. This Agreement is intended to constitute a security agreement within the meaning of the UCC. As security for (a) Borrower’s payment to Lender, as assignee of Issuer, of Loan Payments and all other amounts payable to Lender hereunder, (b) Borrower’s obligations and liabilities under that certain Tax-Exempt Loan Agreement dated as of March 1, 2003 among Lender, Borrower and Issuer, and (c) any and all other obligations and liabilities of any kind of Borrower to Lender or any GE Capital Entity (whether direct or indirect and whether now existing or hereafter acquired), Borrower hereby grants to Issuer, and Issuer hereby assigns to Lender, a security interest constituting a first lien on (i) the Equipment, (ii) all general intangibles, software intangibles and other property relating thereto, (iii) all accessories, attachments, parts, equipment and repairs now or hereafter attached or affixed or used in connection with any of the foregoing property, (iv) all warehouse receipts, bills of lading and other documents of title now or hereafter covering any of the foregoing property, (v) all securities, funds, moneys, deposits and other property at any time held in or subject to the Escrow Fund, (vi) all accessions thereto, (vii) all substitutions for any of the foregoing property, and (viii) products and proceeds of any of the foregoing property (including, without limitation, any property acquired by Borrower with such proceeds). To the extent that the same entity (or an affiliate thereof) is Lender under this Agreement and any other document or agreement with Borrower, the security interest in the Equipment shall secure all of Borrower’s obligations under all such agreements, but shall not secure Borrower’s obligations under such agreements under which a different entity is Lender. Borrower ratifies its previous authorization for Lender to pre-file UCC financing statements and any amendments thereto describing the Equipment and all other collateral described above and containing any other information required by the applicable UCC. Borrower authorizes Lender, and hereby grants Lender a power of attorney (which is coupled with an interest), to file financing statements and amendments thereto describing the Equipment and containing any other information required by the applicable UCC and all proper terminations of the filings of other secured parties with respect to the Equipment, in such form and substance as Lender, in its sole discretion, may determine. Issuer a...
Security Interest in Equipment. Commencing with the most current calendar quarter after the Effective Date of this Agreement, and thereafter with respect to each subsequent calendar quarter during the term of this Agreement, Neutral Tandem will, no later than thirty (30) days after the close of such calendar quarter, provide a report to ICS Collocation Product Management, Room 34th Floor, ▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, listing any equipment in the Collocation Space (i) that was added during the calendar quarter to which such report pertains, and (ii) for which there is a UCC-1 lien holder or to another entity that has a secured financial interest in such equipment (Secured Equipment). If no Secured Equipment has been installed within a given calendar quarter, no report shall be due hereunder in connection with such calendar quarter.
Security Interest in Equipment. The Equipment securing the Contracts is located in the states listed on Schedule 1 to the Transfer and Servicing Agreement. The Originator has a perfected security interest in the Equipment and, upon the sale, transfer and assignment of the Contract Assets hereunder, the Trust Depositor will have a perfected security interest in the Equipment.
Security Interest in Equipment. Commencing with the most current calendar quarter after the effective date of this Agreement, and thereafter to be updated annually during the term of this Agreement, PTLLC will provide a report to ICS Collocation Product Version 2Q04: 08/18/04 Management, Room 34A55, ▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, listing any equipment in the Collocation Space (i) that was added during a calendar year to which such report pertains, and (ii) for which there is a UCC-1 lien holder or another entity that has a secured financial interest in such equipment (Secured Equipment). If no Secured Equipment has been installed within a given calendar year, no report shall be due hereunder in connection with such calendar year.
Security Interest in Equipment. This Agreement is intended to constitute a security agreement within the meaning of the UCC. As security for Borrower's payment to Lender, as assignee of Issuer, of Loan Payments and all other amounts payable to Lender under the Loan Documents, Borrower hereby grants to Issuer, and Issuer hereby assigns to Lender, a security interest constituting a first lien on the Equipment, all of Borrower's rights, but none of Borrower's obligations, in, to and under any contracts with Vendors relating to the Equipment and all proceeds of the foregoing. Issuer and Borrower agree to execute such additional documents, including financing statements, assignments, affidavits, notices and similar instruments, in form satisfactory to Lender, and take such other actions that Lender deems necessary or appropriate to establish and maintain the security interest created by this Section. If requested by Lender, Borrower shall obtain a landlord and/or mortgagee's consent and waiver with respect to the property where the Equipment is located. If requested by Lender, Borrower shall conspicuously ▇▇▇▇ the Equipment with appropriate lettering, labels or tags, and maintain such markings, so as clearly to disclose Lender's security interest in the Equipment.
Security Interest in Equipment. Upon the Bank's request, the Borrower shall execute and deliver to the Bank, prior to the making of any Advance under this Equipment Purchase Facility, such documents and instruments (in form and substance satisfactory to the Bank) which the Bank may require with respect to such Advance and the perfection of the Bank's security interest in the Equipment pertaining to such Advance.
Security Interest in Equipment. The Issuer has a perfected security interest in the Equipment and, upon the sale, transfer and assignment of the Contract Assets hereunder, the Indenture Trustee will have a perfected security interest in the Equipment.
Security Interest in Equipment. The Equipment securing the Contracts is located in the states listed on Schedule 1 to the Transfer and Servicing Agreement. The Issuer has a perfected security interest in the Equipment in those states listed on Exhibit K in the Transfer and Servicing Agreement and, upon the transfer and assignment of the Collateral hereunder, the Indenture Trustee will have a perfected security interest in the Equipment in those states where Equipment related to the Contracts in those states listed on Exhibit K in the Transfer and Servicing Agreement.
Security Interest in Equipment. Customer agrees the Contractor has a security interest in all equipment and other materials included in the Clean Energy Project to secure amounts due and payable under this Contract and that Contractor has the right to file a UCC-1 covering the Clean Energy Project to give public notice of its security interest. Such security interest shall automatically terminate upon Customer’s payment in full of all amounts due under this Contract.