Common use of SECURITY OF BORROWERS Clause in Contracts

SECURITY OF BORROWERS. 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 Borrowers and their Subsidiaries, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrowers are party.

SECURITY OF BORROWERS. 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 Borrowers and their Subsidiaries(other than those assets excluded under Section 2.3 of the Security Agreement), whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrowers are a party.

SECURITY OF BORROWERS. 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 Borrowers and their SubsidiariesBorrowers, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrowers are each Borrower is a party.

SECURITY OF BORROWERS. 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 Collateral of the Borrowers and their SubsidiariesBorrowers, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which each of the Borrowers are is a party.

SECURITY OF BORROWERS. The Obligations of the Borrowers 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 Borrowers and their Subsidiarieseach such Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrowers are such Borrower is a party.

SECURITY OF BORROWERS. 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 each of the Borrowers, including accounts and notes receivable, inventory, equipment, real property, licenses, stock of each of the Borrowers (other than Furr's), intangible property and their Subsidiariesintellectual property, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrowers are each such Borrower is a party.

SECURITY OF BORROWERS. 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 Borrowers and their Subsidiaries(other than those assets excluded under §2.3 of the Security Agreement), whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrowers are a party.

SECURITY OF BORROWERS. 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 property, rights and interests of the Borrowers and their Subsidiarieseach Borrower, whether now owned or hereafter acquired, pursuant to the terms of described in the Security Documents to which the Borrowers are such Borrower is party, including, without limitation, all Base Contracts.