Common use of Security of Borrower Clause in Contracts

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

Appears in 2 contracts

Samples: Loan Agreement (Applied Opsec Corp), Loan Agreement (Optical Security Group Inc)

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Security of Borrower. The Obligations shall be secured by a perfected -------------------- first priority security interest (subject only to the Permitted Liens entitled to priority under applicable law) in all of the assets property, rights and interests of the Borrower and its Domestic SubsidiariesBorrower, whether now owned or hereafter acquired, pursuant to the terms of described in the Security Documents to which the Borrower or its Domestic Subsidiaries are is a party, including, without limitation, all Base Contracts.

Appears in 2 contracts

Samples: Credit Agreement (Fairfield Communities Inc), Revolving Credit Agreement (Fairfield Communities Inc)

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

Appears in 1 contract

Samples: Revolving Credit Agreement (Transact Technologies Inc)

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

Appears in 1 contract

Samples: Term Loan Agreement (Fairfield Communities Inc)

Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to the Permitted Liens entitled to priority under applicable law) in substantially all of the assets of the Borrower and its Domestic SubsidiariesBorrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower or its Domestic Subsidiaries are is a party. The Security Documents shall also secure the obligations of the Borrower to the Lenders arising under, or pursuant to, interest rate hedging arrangements between the Borrower and one or more of the Lenders.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sassco Fashions LTD /De/)

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Security of Borrower. The Obligations shall be secured by a perfected priority security interest (subject only to the Permitted Liens terms of the Intercreditor Creditor Agreement, liens on collateral securing reimbursement obligations in respect of the Real Estate Letter of Credit, and liens entitled to priority under applicable law) in all of the assets of the Borrower and its Domestic SubsidiariesBorrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower or its Domestic Subsidiaries are is a party.

Appears in 1 contract

Samples: Restructuring Agreement (Outsource International Inc)

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

Appears in 1 contract

Samples: Revolving Credit Agreement (Peregrine Systems Inc)

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