Common use of Security Interest of Bank Clause in Contracts

Security Interest of Bank. To induce Bank to make the Loans, and as security for all Obligations, Borrower hereby assigns to Bank as collateral and grants to Bank a continuing first priority pledge and security interest, subject only to Permitted Liens, in the following property of Borrower (the "Collateral"), whether now owned or existing or hereafter acquired or arising and regardless of where it is located:

Appears in 1 contract

Samples: Credit Agreement (Interlott Technologies Inc)

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Security Interest of Bank. To induce Bank to make the Loans, and as security for all Obligations, Borrower hereby assigns to Bank as collateral and grants to Bank a continuing first priority pledge and security interest, subject only to Permitted Liens, interest in the following property of Borrower (the "Collateral"), whether now owned or existing or hereafter acquired or arising and regardless of where it is located:

Appears in 1 contract

Samples: Credit Agreement (Ogara Co /Oh/)

Security Interest of Bank. To induce Bank to make the Loans, and as security for all Obligations, Borrower hereby assigns to Bank as collateral and grants to Bank a continuing first priority pledge and security interest, subject only to Permitted Liens, interest in the following property of Borrower (the "Collateral"), whether now owned or existing or hereafter acquired or arising and regardless of where it is located, which shall be subject to the terms and conditions of the Subordination Agreement:

Appears in 1 contract

Samples: Security Agreement (Interlott Technologies Inc)

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Security Interest of Bank. To induce Bank to make provide to Borrower a certain credit facility (the Loans"Credit Facility"), and as security for all Obligationsloans made pursuant to the Credit Facility, Borrower hereby assigns to Bank as collateral and grants to Bank a continuing first priority pledge and security interest, subject only to Permitted Liens, interest in the following property of Borrower (the "Collateral"), whether now owned or existing or hereafter acquired or arising and regardless of where it is located:

Appears in 1 contract

Samples: Security Agreement (International Knife & Saw Inc)

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