Common use of Security of Borrower Clause in Contracts

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.

Appears in 8 contracts

Samples: Term Loan Agreement (Bangor Hydro Electric Co), Revolving Credit and Term Loan Agreement (Filenes Basement Corp), Revolving Credit Agreement (Aztec Technology Partners Inc /De/)

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Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable lawLiens) in favor of the Administrative Agent, on behalf of the Secured Parties, in all of the assets of the BorrowerBorrower which are the subject of the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a partyDocuments.

Appears in 4 contracts

Samples: Credit Agreement (CAI International, Inc.), Term Loan Agreement (CAI International, Inc.), Credit Agreement (SeaCube Container Leasing Ltd.)

Security of Borrower. The Obligations shall be secured by a perfected -------------------- first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.

Appears in 3 contracts

Samples: Revolving Credit (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit Agreement (Answer Think Consulting Group Inc)

Security of Borrower. The Subject to the Security Documents, the Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of Collateral specified in the BorrowerSecurity Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.

Appears in 3 contracts

Samples: Credit Agreement (TAL International Group, Inc.), Credit Agreement (TAL International Group, Inc.), Credit Agreement (TAL International Group, Inc.)

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all certain of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.

Appears in 3 contracts

Samples: Credit and Term Loan Agreement (Flextronics International LTD), Revolving Credit Agreement (Flextronics International LTD), Revolving Credit Agreement (Flextronics International LTD)

Security of Borrower. The Subject to the Security Documents, the Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens permitted hereunder which are entitled to priority under applicable law) in all of the assets of Collateral specified in the BorrowerSecurity Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.

Appears in 2 contracts

Samples: Credit Agreement (SeaCube Container Leasing Ltd.), Credit Agreement (Seacastle Inc.)

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable lawLiens) in favor of the Agent on behalf of the Lenders in all of the assets of the BorrowerBorrower which are the subject of the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.

Appears in 2 contracts

Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Revolving Credit Agreement (Seacastle Inc.)

Security of Borrower. The Subject to the Security Documents, the Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) Liens), perfected security interest in all of the assets of Collateral specified in the BorrowerSecurity Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.

Appears in 2 contracts

Samples: Credit Agreement (Textainer Group Holdings LTD), Credit Agreement (Textainer Group Holdings LTD)

Security of Borrower. The All of the Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens that are entitled to priority under applicable law) in all of the assets of the BorrowerBorrower constituting Collateral (which shall include, without limitation, all Eligible Containers, Direct Finance Lease Receivables, and all products and proceeds thereof), whether now owned or hereafter acquired, pursuant to the terms of of, and as provided in, the Security Documents to which the Borrower is a partyDocuments.

Appears in 2 contracts

Samples: Term Loan Agreement (CAI International, Inc.), Term Loan Agreement (CAI International, Inc.)

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable lawLiens) in favor of the Agent on behalf of the Lenders in all of the assets of the BorrowerBorrower which are the subject of the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a partyDocuments.

Appears in 1 contract

Samples: Credit Agreement (Seacastle Inc.)

Security of Borrower. The Obligations shall be are secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable lawLiens) in favor of the Administrative Agent, on behalf of the Lenders, in all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to which are the terms subject of the Security Documents to which the Borrower is a partyDocuments.

Appears in 1 contract

Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.)

Security of Borrower. The (a) Prior to the Term Loan Closing Date, the Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable lawApplicable Law) in all Revolving Credit Collateral and Acquisition Collateral of the assets of the BorrowerBorrowers, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the each Borrower is a party.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Century Aluminum Co)

Security of Borrower. The In accordance with the Security Documents, the Obligations shall at all times be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable lawLiens) in all of the assets of Collateral specified in the BorrowerSecurity Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a partyDocuments.

Appears in 1 contract

Samples: Term Loan Agreement (TAL International Group, Inc.)

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Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the BorrowerBorrower and its Subsidiaries, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party. 6.2.

Appears in 1 contract

Samples: Revolving Credit Agreement (Filenes Basement Corp)

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in substantially all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.

Appears in 1 contract

Samples: And Modification Agreement (Ccir of California Corp)

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable lawLiens) in favor of the Administrative Agent, on behalf of the Lenders, in all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to which are the terms subject of the Security Documents to which the Borrower is a partyDocuments.

Appears in 1 contract

Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.)

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.. Without limiting the generality of the foregoing, the Obligations shall be secured by the following:

Appears in 1 contract

Samples: Construction and Term Loan Agreement (Trailer Bridge Inc)

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable lawlaw or other liens which are or have been consented to by the Agent and the Majority Banks) in all of the assets of Collateral owned by the Borrower, whether now owned or hereafter acquired, pursuant to the terms including all capital stock of the Security Documents to which the Borrower is a party.the

Appears in 1 contract

Samples: Revolving Credit Agreement (Provant Inc)

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned or hereafter acquiredCollateral, pursuant to the terms of the Security Documents to which the Borrower is a partyDocuments.

Appears in 1 contract

Samples: Credit Agreement (Griffin Land & Nurseries Inc)

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the BorrowerBorrowers other than Real Estate, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which each of the Borrower is Borrowers are party. Notwithstanding the foregoing, upon request by the Agent to the Borrowers, the Agent may further secure the Obligations by receiving from the Borrowers a partyperfected first priority security interest in any or all of the Real Estate.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Morgan Group Inc)

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