Common use of Security Interest in the Collateral Clause in Contracts

Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the Issuer and each Lender of the Obligations, each Loan Party hereby assigns, pledges and grants to the Collateral Agent for the ratable benefit of Agent, the Issuer and each Lender a continuing security interest in and to all of the Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located.

Appears in 3 contracts

Samples: Loan and Security Agreement (Marketwise, Inc.), Loan and Security Agreement (Veeco Instruments Inc), Loan and Security Agreement (Marketwise, Inc.)

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Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the Issuer and each Lender of all of the ObligationsObligations to each Secured Party, each Loan Party hereby collaterally assigns, pledges and grants to the Collateral Agent Agent, for the ratable benefit of Agenteach Secured Party, the Issuer and each Lender a continuing security interest Lien in and to all of the its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located.

Appears in 3 contracts

Samples: Loan and Security Agreement (Forbes Energy Services Ltd.), Loan and Security Agreement (Forbes Energy Services Ltd.), Loan and Security Agreement (Forbes Energy International, LLC)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the Issuer and each Lender of all of the ObligationsObligations to each Secured Party, each Loan Party hereby collaterally assigns, pledges and grants to the Collateral Agent Agent, for the ratable benefit of Agenteach Secured Party, the Issuer and each Lender a continuing security interest Lien in and to all of the its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall xxxx its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s Lien and shall cause its financial statements, where applicable, to reflect such Lien.

Appears in 3 contracts

Samples: Loan and Security Agreement (American Outdoor Brands, Inc.), Loan and Security Agreement (American Outdoor Brands, Inc.), Loan and Security Agreement (Primo Water Corp)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the Issuer and each Lender of the Obligations, each Loan Party hereby assigns, pledges and grants to the Collateral Agent for the ratable benefit of Agent, the Issuer and each Lender a continuing security interest in and to all of the Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. 4.2.

Appears in 2 contracts

Samples: Loan and Security Agreement (Veeco Instruments Inc), Loan and Security Agreement (Veeco Instruments Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the Issuer and each Lender of all of the ObligationsObligations to the Lender, each Loan Party hereby collaterally assigns, pledges and grants to the Collateral Agent for the ratable benefit of Agent, the Issuer and each Lender a continuing security interest Lien in and to all of the its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall xxxx its books and records as may be necessary or appropriate to evidence, protect and perfect the Lender’s Lien and shall cause its financial statements, where applicable, to reflect such Lien.

Appears in 1 contract

Samples: Credit and Security Agreement (Primo Water Corp)

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Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the Issuer and each Lender of all of the ObligationsObligations to the Secured Parties, each Loan Party hereby assigns, pledges and grants to the Collateral Agent Agent, for the ratable benefit of Agenteach Secured Party, the Issuer and each Lender a continuing security interest Lien in and to all of the its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall xxxx its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s Lien and shall cause its financial statements, where applicable, to reflect such Lien.

Appears in 1 contract

Samples: Loan and Security Agreement (Winnebago Industries Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the Issuer and each Lender Party of the all Obligations, each Loan Party hereby assigns, pledges and grants to the Collateral Agent Agent, as agent for the ratable benefit of Agent, the Issuer and each Lender Party, a continuing security interest in and to all of the its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall mxxx its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s security interest in the Collateral.

Appears in 1 contract

Samples: Credit and Security Agreement (Sachem Capital Corp.)

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