Common use of Security Interest; Right of Set-Off Clause in Contracts

Security Interest; Right of Set-Off. As security for the prompt and unconditional payment and performance of any and all Obligations, Obligor does hereby grant to Collateral Agent, for its benefit and the benefit of the Secured Creditors, a continuing lien upon and security interest in, and does hereby pledge, assign and transfer to Collateral Agent, for its benefit and the benefit of the Secured Creditors, all of the Collateral. In order to secure further the payment of the Obligations, Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor, in each case, is hereby given a continuing lien upon and is granted a security interest in any and all monies, Deposit Accounts, Investment Property (including, without limitation, all dividends and distributions in respect thereof (whether payable in cash, Investment Property or “in kind”), options or rights, whether in respect of, in addition to, or in exchange for such Investment Property) and any and all other property of Obligor and the Proceeds thereof, now or hereafter actually or constructively held or received by or in transit in any manner to or from Collateral Agent or such Secured Creditor, their respective correspondents or agents from or for Obligor, whether for safekeeping, custody, pledge, transmission, collection or for any other purpose (whether or not for the express purpose of being used by Collateral Agent or such Secured Creditor as collateral security), or coming into the possession of Collateral Agent, such Secured Creditor or their respective correspondents or agents in any way, or placed in any safe deposit box leased by Collateral Agent or such Secured Creditor to Obligor, and all such monies, Deposit Accounts, Investment Property and other property shall also constitute “Collateral” and shall be held subject to all the terms of this Agreement as collateral security for the prompt and unconditional payment of any and all Obligations. Obligor hereby assigns and grants to Collateral Agent, for its benefit and the benefit of the Secured Creditors, and to each Secured Creditor, a security interest in, and Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor is also given a continuing lien on and/or right of set-off for the amount of the Obligations with respect to, any and all Deposit Accounts (general or special and whether or not matured) and credits of Obligor with, and any and all claims of Obligor against, Collateral Agent or such Secured Creditor at any time existing and Collateral Agent and each Secured Creditor are hereby authorized at any time or times, without prior notice to Obligor, to apply such Deposit Accounts, or credits or any part thereof, to the Obligations in such amounts as Collateral Agent or such Secured Creditor may elect, although the Obligations may be contingent or unmatured, and whether the collateral security therefor is deemed adequate or not.

Security Interest; Right of Set-Off. As security for the prompt and unconditional payment and performance of any and all Obligations, the Obligor does hereby grant to Collateral Agent, for its benefit and the benefit of the Secured Creditors, Creditor a continuing lien upon and security interest in, and does hereby pledge, assign and transfer to Collateral Agent, for its benefit and the benefit of the Secured CreditorsCreditor, all of the Collateral. In order to secure further the payment of the Obligations, Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor, in each case, Creditor is hereby given a continuing lien upon and is granted a security interest in any and all monies, Deposit Accounts, Investment Property (including, without limitation, all dividends and distributions in respect thereof (whether payable in cash, Investment Property or “in kind”), options or rights, whether in respect of, in addition to, or in exchange for such Investment Property) monies and any and all other property of the Obligor and the Proceeds thereof, now or hereafter actually or constructively held or received by or in transit in any manner to or from Collateral Agent or such Secured the Creditor, their respective its correspondents or agents from or for the Obligor, whether for safekeeping, custody, pledge, transmission, collection or for any other purpose (whether or not for the express purpose of being used by Collateral Agent or such Secured the Creditor as collateral security), or coming into the possession of Collateral Agent, such Secured the Creditor or their respective its correspondents or agents in any way, or placed in any safe deposit box leased by Collateral Agent or such Secured the Creditor to the Obligor, and all such monies, Deposit Accounts, Investment Property monies and other property shall also constitute “"Collateral” " and shall be held subject to all the terms of this Agreement as collateral security for the prompt and unconditional payment of any and all Obligations. Obligor hereby assigns and grants to Collateral Agent, for its benefit and the benefit of the Secured Creditors, and to each Secured Creditor, Creditor a security interest in, and Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor is also given a continuing lien on and/or right of set-off for the amount of the Obligations with respect to, any and all Deposit Accounts deposits (general or special and whether or not maturedspecial) and credits of the Obligor with, and any and all claims of the Obligor against, Collateral Agent or such Secured the Creditor at any time existing existing, and Collateral Agent and each Secured the Creditor are is hereby authorized at any time or times, without prior notice to Obligornotice, to apply such Deposit Accountsdeposit or credits, or credits or any part thereof, to the Obligations in such amounts as Collateral Agent or such Secured the Creditor may elect, although the Obligations may be contingent or unmatured, and whether the collateral security therefor is deemed adequate or not.

Security Interest; Right of Set-Off. As security for the prompt and unconditional payment and performance of any and all Obligations, the Obligor does hereby grant to Collateral Agent, for its benefit and the benefit of the Secured Creditors, Bank a continuing lien upon and security interest in, and does hereby pledge, assign and transfer to Collateral Agent, for its benefit and the benefit of the Secured CreditorsBank, all of the Collateral. In order to secure further the payment of the Obligations, Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor, in each case, Bank is hereby given a continuing lien upon and is granted a security interest in any and all monies, Deposit Accounts, Investment Property (including, without limitation, all dividends and distributions in respect thereof (whether payable in cash, Investment Property or “in kind”), options or rights, whether in respect of, in addition to, or in exchange for such Investment Property) securities and any and all other property of the Obligor and the Proceeds proceeds thereof, now or hereafter actually or constructively held or received by or in transit in any manner to or from Collateral Agent or such Secured CreditorBank, their respective its correspondents or agents from or for the Obligor, whether for safekeeping, custody, pledge, transmission, collection or for any other purpose (whether or not for the express purpose of being used by Collateral Agent or such Secured Creditor Bank as collateral security), or coming into the possession of Collateral Agent, such Secured Creditor Bank or their respective its correspondents or agents in any way, or placed in any safe deposit box leased by Collateral Agent or such Secured Creditor Bank to the Obligor, and all such monies, Deposit Accounts, Investment Property securities and other property shall also constitute “"Collateral” " and shall be held subject to all the terms of this Agreement as collateral security for the prompt and unconditional payment of any and all Obligations. Obligor hereby assigns and grants to Collateral Agent, for its benefit and the benefit of the Secured Creditors, and to each Secured Creditor, Bank a security interest in, and Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor Bank is also given a continuing lien on and/or right of set-off for the amount of the Obligations with respect to, any and all Deposit Accounts deposits (general or special and whether or not maturedspecial) and credits of the Obligor with, and any and all claims of the Obligor against, Collateral Agent or such Secured Creditor Bank at any time existing existing, and Collateral Agent and each Secured Creditor are Bank is hereby authorized at any time or times, without prior notice to Obligornotice, to apply such Deposit Accountsdeposit or credits, or credits or any part thereof, to the Obligations in such amounts as Collateral Agent or such Secured Creditor Bank may elect, although the Obligations may be contingent or unmatured, and whether the collateral security therefor is deemed adequate or not.

Security Interest; Right of Set-Off. As security for the prompt and unconditional payment and performance of any and all Obligations, Obligor does hereby grant to Collateral Agent, for its benefit and the benefit of the Secured Creditors, Bank a continuing lien upon and security interest in, and does hereby pledge, assign and transfer to Collateral Agent, for its benefit and the benefit of the Secured CreditorsBank, all of the Collateral. In order to secure further the payment of the Obligations, Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor, in each case, Bank is hereby given a continuing lien upon and is granted a security interest in any and all monies, Deposit Accounts, Investment Property (including, without limitation, all dividends and distributions in respect thereof (whether payable in cash, Investment Property or “"in kind”"), options or rights, whether in respect of, in addition to, or in exchange for such Investment Property) and any and all other property of Obligor and the Proceeds thereof, now or hereafter actually or constructively held or received by or in transit in any manner to or from Collateral Agent or such Secured CreditorBank, their respective its correspondents or agents from or for Obligor, whether for safekeeping, custody, pledge, transmission, collection or for any other purpose (whether or not for the express purpose of being used by Collateral Agent or such Secured Creditor Bank as collateral security), or coming into the possession of Collateral Agent, such Secured Creditor Bank or their respective its correspondents or agents in any way, or placed in any safe deposit box leased by Collateral Agent or such Secured Creditor Bank to Obligor, and all such monies, Deposit Accounts, Investment Property and other property shall also constitute “"Collateral” " and shall be held subject to all the terms of this Agreement as collateral security for the prompt and unconditional payment of any and all Obligations. Obligor hereby assigns and grants to Collateral Agent, for its benefit and the benefit of the Secured Creditors, and to each Secured Creditor, Bank a security interest in, and Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor Bank is also given a continuing lien on and/or right of set-off for the amount of the Obligations with respect to, any and all Deposit Accounts (general or special and whether or not matured) and credits of Obligor with, and any and all claims of Obligor against, Collateral Agent or such Secured Creditor Bank at any time existing and Collateral Agent and each Secured Creditor are Bank is hereby authorized at any time or times, without prior notice to Obligornotice, to apply such Deposit Accounts, or credits or any part thereof, to the Obligations in such amounts as Collateral Agent or such Secured Creditor Bank may elect, although the Obligations may be contingent or unmatured, and whether the collateral security therefor is deemed adequate or not.

Security Interest; Right of Set-Off. As security for the prompt and unconditional payment and performance of any and all Obligations, the Obligor does hereby grant to Collateral Agent, for its benefit and the benefit of the Secured Creditors, Bank a continuing lien upon and security interest in, and does hereby pledge, assign and transfer to Collateral Agent, for its benefit and the benefit of the Secured CreditorsBank, all of the Collateral, together with the cash and non-cash Proceeds thereof. In order to secure further the payment of the Obligations, Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor, in each case, Bank is hereby given a continuing lien upon and is granted a security interest in any and all monies, Deposit Accounts, Investment Property (including, without limitation, all dividends and distributions in respect thereof (whether payable in cash, Investment Property or “in kind”), options or rights, whether in respect of, in addition to, or in exchange for such Investment Property) securities and any and all other property of the Obligor and the Proceeds proceeds thereof, now or hereafter actually or constructively held or received by or in transit in any manner to or from Collateral Agent or such Secured CreditorBank, their respective its correspondents or agents from or for the Obligor, whether for safekeeping, custody, pledge, transmission, collection or for any other purpose (whether or not for the express purpose of being used by Collateral Agent or such Secured Creditor Bank as collateral security), or coming into the possession of Collateral Agent, such Secured Creditor Bank or their respective its correspondents or agents in any way, or placed in any safe deposit box leased by Collateral Agent or such Secured Creditor Bank to the Obligor, and all such monies, Deposit Accounts, Investment Property securities and other property shall also constitute “"Collateral” " and shall be held subject to all the terms of this Agreement as collateral security for the prompt and unconditional payment of any and all Obligations. Obligor hereby assigns and grants to Collateral Agent, for its benefit and the benefit of the Secured Creditors, and to each Secured Creditor, Bank a security interest in, and Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor Bank is also given a continuing lien on and/or right of set-off for the amount of the Obligations with respect to, any and all Deposit Accounts deposits (general or special and whether or not maturedspecial) and credits of the Obligor with, and any and all claims of the Obligor against, Collateral Agent or such Secured Creditor Bank at any time existing existing, and Collateral Agent and each Secured Creditor are Bank is hereby authorized at any time or times, without prior notice to Obligornotice, to apply such Deposit Accountsdeposit or credits, or credits or any part thereof, to the Obligations in such amounts as Collateral Agent or such Secured Creditor Bank may elect, although the Obligations may be contingent or unmatured, and whether the collateral security therefor is deemed adequate or not.

Security Interest; Right of Set-Off. As security for the prompt and unconditional payment and performance of any and all Obligations, Obligor the Owner does hereby grant to Collateral Agent, for its benefit and the benefit of the Secured Creditors, Bank a continuing lien upon and security interest in, and does hereby pledge, assign and transfer to Collateral Agent, for its benefit and the benefit of the Secured CreditorsBank, all of the Collateral. In order to secure further the payment of the Obligations, Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor, in each case, Bank is hereby given a continuing lien upon and is granted a security interest in any and all monies, Deposit Accounts, Investment Property (including, without limitation, all dividends and distributions in respect thereof (whether payable in cash, Investment Property or “"in kind”"), options or rights, whether in respect of, in addition to, or in exchange for such Investment Property) and any and all other property of Obligor the Owner and the Proceeds thereof, now or hereafter actually or constructively held or received by or in transit in any manner to or from Collateral Agent or such Secured CreditorBank, their respective its correspondents or agents from or for Obligorthe Owner, whether for safekeeping, custody, pledge, transmission, collection or for any other purpose (whether or not for the express purpose of being used by Collateral Agent or such Secured Creditor Bank as collateral security), or coming into the possession of Collateral Agent, such Secured Creditor Bank or their respective its correspondents or agents in any way, or placed in any safe deposit box leased by Collateral Agent or such Secured Creditor Bank to Obligorthe Owner, and all such monies, Deposit Accounts, Investment Property and other property shall also constitute “"Collateral” " and shall be held subject to all the terms of this Agreement as collateral security for the prompt and unconditional payment of any and all Obligations. Obligor Owner hereby assigns and grants to Collateral Agent, for its benefit and the benefit of the Secured Creditors, and to each Secured Creditor, Bank a security interest in, and Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor Bank is also given a continuing lien on and/or right of set-off for the amount of the Obligations with respect to, any and all Deposit Accounts deposits (general or special and whether or not maturedspecial) and credits of Obligor the Owner with, and any and all claims of Obligor the Owner against, Collateral Agent or such Secured Creditor Bank at any time existing and Collateral Agent and each Secured Creditor are Bank is hereby authorized at any time or times, without prior notice to Obligornotice, to apply such Deposit Accountsdeposit or credits, or credits or any part thereof, to the Obligations in such amounts as Collateral Agent or such Secured Creditor Bank may elect, although the Obligations may be contingent or unmatured, and whether the collateral security therefor is deemed adequate or not.

Security Interest; Right of Set-Off. As security for the prompt and unconditional payment and performance of any and all Obligations, the Obligor does hereby grant to Collateral Agent, for its benefit and the benefit of the Secured Creditors, Bank a continuing lien upon and security interest in, and does hereby pledge, assign and transfer to Collateral Agent, for its benefit and the benefit of the Secured CreditorsBank, all of the Collateral. In order to secure further the payment of the Obligations, Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor, in each case, Bank is hereby given a continuing lien upon and is granted a security interest in any and all monies, Deposit Accounts, Investment Property (including, without limitation, all dividends and distributions in respect thereof (whether payable in cash, Investment Property or “in kind”), options or rights, whether in respect of, in addition to, or in exchange for such Investment Property) securities and any and all other property of the Obligor and the Proceeds proceeds thereof, now or hereafter actually or constructively held or received by or in transit in any manner to or from Collateral Agent or such Secured CreditorBank, their respective its correspondents or agents from or for the Obligor, whether for safekeeping, custody, pledge, transmission, collection or for any other purpose (whether or not for the express purpose of being used by Collateral Agent or such Secured Creditor Bank as collateral security), or coming into the possession of Collateral Agent, such Secured Creditor Bank or their respective its correspondents or agents in any way, or placed in any safe deposit box leased by Collateral Agent or such Secured Creditor Bank to the Obligor, and all such monies, Deposit Accounts, Investment Property securities and other property shall also constitute “"Collateral” " and shall be held subject to all the terms of this Agreement as collateral security for the prompt and unconditional payment of any and all Obligations. Obligor hereby assigns and grants to Collateral Agent, for its benefit and the benefit of the Secured Creditors, and to each Secured Creditor, Bank a security interest in, and Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor Bank is also given a continuing lien on and/or right of set-off for the amount of the Obligations with respect to, any and all Deposit Accounts deposits (general or special and whether or not maturedspecial) and credits of the Obligor with, and any and all claims of the Obligor against, Collateral Agent or such Secured Creditor Bank at any time existing existing, and Collateral Agent and each Secured Creditor are Bank is hereby authorized at any time or times, without prior notice to Obligornotice, to apply such Deposit Accountsdeposit or credits, or credits or any part thereof, to the Obligations in such amounts as Collateral Agent or such Secured Creditor Bank may elect, although the Obligations may be contingent or unmatured, and whether the collateral security therefor is deemed adequate or not.

Security Interest; Right of Set-Off. As security for the prompt and unconditional payment and performance of any and all Obligations, Obligor does hereby grant to Collateral Agent, for its benefit and the benefit of the Secured Creditors, a continuing lien upon and security interest in, and does hereby pledge, assign and transfer to Collateral Agent, for its benefit and the benefit of the Secured Creditors, all of the Collateral. In order to secure further the payment of the Obligations, Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor, in each case, is hereby given a continuing lien upon and is granted a security interest in any and all monies, Deposit Accounts, Investment Property (including, without limitation, all dividends and distributions in respect thereof (whether payable in cash, Investment Property or “in kind”), options or rights, whether in respect of, in addition to, or in exchange for such Investment Property) and any and all other property of Obligor and the Proceeds thereof, now or hereafter actually or constructively held or received by or in transit in any manner to or from Collateral Agent or such Secured Creditor, their respective correspondents or agents from or for Obligor, whether for safekeeping, custody, pledge, transmission, collection or for any other purpose (whether or not for the express purpose of being used by Collateral Agent or such Secured Creditor as collateral security), or coming into the possession of Collateral Agent, such Secured Creditor or their respective correspondents or agents in any way, or placed in any safe deposit box leased by Collateral Agent or such Secured Creditor to Obligor, and all such monies, Deposit Accounts, Investment Property and other property shall also constitute “Collateral” and shall be held subject to all the terms of this Agreement as collateral security for the prompt and unconditional payment of any and all Obligations. Obligor hereby assigns and grants to Collateral Agent, for its benefit and the benefit of the Secured Creditors, and to each Secured Creditor, a security interest in, and Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor is also given a continuing lien on and/or right of set-off for the amount of the Obligations with respect to, any and all Deposit Accounts (general or special and whether or not matured) and credits of Obligor with, and any and all claims of Obligor against, Collateral Agent or such Secured Creditor at any time existing and Collateral Agent and each Secured Creditor are hereby authorized at any time or times, without prior notice to Obligor, to apply such Deposit Accounts, or credits or any part thereof, to the Obligations in such amounts as Collateral Agent or such Secured Creditor may elect, although the Obligations may be contingent or unmatured, and whether the collateral security therefor is deemed adequate or not.. ​

Security Interest; Right of Set-Off. As security for the prompt and unconditional payment and performance of any and all Obligations, Obligor the Owner does hereby grant to Collateral Agent, for its benefit and the benefit of the Secured Creditors, Bank a continuing lien upon and security interest in, and does hereby pledge, assign and transfer to Collateral Agent, for its benefit and the benefit of the Secured CreditorsBank, all of the Collateral. In order to secure further the payment of the Obligations, Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor, in each case, Bank is hereby given a continuing lien upon and is granted a security interest in any and all monies, Deposit Accounts, Investment Property (including, without limitation, all dividends and distributions in respect thereof (whether payable in cash, Investment Property or “"in kind”"), options or rights, whether in respect of, in addition to, or in exchange for such Investment Property) and any and all other property of Obligor the Owner and the Proceeds thereof, now or hereafter actually or constructively held or received by or in transit in any manner to or from Collateral Agent or such Secured CreditorBank, their respective its correspondents or agents from or of for Obligorthe Owner, whether for safekeeping, custody, pledge, transmission, collection or for any other purpose (whether or not for the express purpose of being used by Collateral Agent or such Secured Creditor Bank as collateral security), or coming into the possession of Collateral Agent, such Secured Creditor Bank or their respective its correspondents or agents in any way, or placed in any safe deposit box leased by Collateral Agent or such Secured Creditor Bank to Obligorthe Owner, and all such monies, Deposit Accounts, Investment Property and other property shall also constitute “"Collateral” " and shall be held subject to all the terms of this Agreement as collateral security for the prompt and unconditional payment of any and all Obligations. Obligor Owner hereby assigns and grants to Collateral Agent, for its benefit and the benefit of the Secured Creditors, and to each Secured Creditor, Bank a security interest in, and Collateral Agent, for its benefit and the benefit of the Secured Creditors, and each Secured Creditor Bank is also given givens a continuing lien on and/or right of set-off for the amount txx xxxunt of the Obligations with respect to, any and all Deposit Accounts deposits (general or special and whether or not maturedspecial) and credits of Obligor the Owner with, and any and all claims of Obligor the Owner against, Collateral Agent or such Secured Creditor Bank at any time existing and Collateral Agent and each Secured Creditor are Bank is hereby authorized at any time or times, without prior notice to Obligornotice, to apply such Deposit Accountsdeposit or credits, or credits or any part thereof, to the Obligations in such amounts as Collateral Agent or such Secured Creditor Bank may elect, although the Obligations may be contingent or unmatured, and whether the collateral security therefor is deemed adequate or not.