Security of Obligations. This Agreement (and the Collateral pledged hereunder) secures the payment of all obligations of the Pledgor now or hereafter existing under the Facility Documents (including all contingent obligations with respect to Credit(s) issued or procured for issuance by the Pledgee for the Pledgor’s account), whether direct or indirect, absolute or contingent, and whether for principal, interest, fees, expenses or otherwise, and the payment of any and all expenses (including reasonable counsel fees and expenses) incurred by the Pledgee in enforcing any rights under this Agreement and/or the other Facility Documents (all such obligations being the “Secured Obligations”). Subject to Section 10 hereof and the provisions set forth in the Account Control Agreement, this Agreement is intended to convey to the Pledgee, and hereby grants to the Pledgee, the right and power to exercise exclusive control over the Account and all Security Entitlements in, and the sole right and power to direct dispositions of all cash deposits in the Account for the purposes of Sections 9-106 and 9-104 of the NYUCC.
Security of Obligations. This Agreement secures the payment of all obligations of the Pledgor now or hereafter existing under each Master Agreement (including all contingent obligations with respect to credit(s) issued by the Pledgee for the Pledgor’s account) and this Agreement, whether for principal, interest, fees, expenses or otherwise and the payment of any and all expenses (including reasonable counsel fees and expenses) incurred by the Pledgee in enforcing any rights under this Agreement (all such obligations being the “Secured Obligations”). This Agreement is intended to convey to the Pledgee control of all Security Entitlements in, and the right to direct dispositions of all cash deposits from, the Account for the purposes of sections 9-106(c) and 9-104(b) of the NYUCC.
Security of Obligations. As security for the payment of the Obligations, and each Guarantor’s Obligation under its Subsidiary Guaranty, the Borrower and each Guarantor, pursuant to the terms of the Security Agreement, Collateral Assignment, Leasehold Mortgage, Subsidiary Stock Pledge Agreement, Trademark Security Agreement, Patent Security Agreement, Pennsylvania Mortgage and California Mortgage, as applicable, do hereby pledge, assign, transfer and deliver to the Administrative Agent for benefit of Lenders and does hereby grant to the Administrative Agent for benefit of Lenders a continuing and unconditional security interest in and to the Collateral as defined herein.”
Security of Obligations. This Agreement secures the payment of all obligations of the Pledgor now or hereafter existing under the Insurance Letters of Credit Master Agreement Table of Contents (including all contingent obligations with respect to letters of credit issued by the Pledgee for the Pledgor’s account) and this Agreement, whether for principal, interest, fees, expenses or otherwise and the payment of any and all expenses (including reasonable counsel fees and expenses) incurred by the Pledgee in enforcing any rights under this Agreement (all such obligations being the ‘‘Secured Obligations’’).
Security of Obligations. As security for the obligations and liabilities of the Customer under the Hire Agreement, the Customer hereby charges for the due and punctual payment and performance of those obligations and liabilities, all of its legal and equitable interest (both present and future) of whatsoever nature held in any and all Real property. Without limiting the generality of the charge in this clause, the Customer agrees, on request by the Owner, to execute any documents and do all things necessary required by the Owner to register a mortgage security over any Real property. The Customer will indemnify the Owner on an indemnity basis against all costs and expenses incurred by the Owner in connection with the preparation and registration of any such mortgage documents. The Customer also consents unconditionally to the Owner lodging a caveat or caveats noting its interest in any Real property.
Security of Obligations. As security of obligations and liabilities of the Customer under the Hire Agreement, the Customer hereby charges for the due and punctual payment and performance of those held in any and all Real Property. Without limiting the generality of the charge in this clause, the Customer agrees, on request of the Owner, to execute any documents and do all things necessary required by the Owner to register a mortgage security over any Real property. The Customer will indemnify the Owner on an indemnity basis against all costs and expenses incurred by the Owner in connection with the preparation and registration of such mortgage documents. The Customer also consents unconditionally to the Owner lodging a caveat or caveats noting its interest in any Real Property.
Security of Obligations. 10.1. The Lender and the Borrower agree that the Collateral Agreements and other types of Security will contain a reference to this Agreement as the principal obligation.
Security of Obligations. As security for the payment of the Obligations, and each Guarantor’s Obligation under its Subsidiary Guaranty, the Borrower and each Guarantor, pursuant to the terms of the Security Agreement, Collateral Assignment, Alabama Leasehold Mortgage, the Subsidiary Stock Pledge Agreements, Trademark Security Agreement, Patent Security Agreement, Indiana Mortgage, Pennsylvania Mortgage and California Deed of Trust, as applicable, do hereby reaffirm its pledge, assignment, transfer and delivery to the Lender and grant to the Lender a continuing and unconditional security interest in and to the Collateral as defined herein. The Lender and the Borrower agree that the Lender shall release its security interest and liens in the Collateral upon Borrower’s delivery and Lender’s LaSalle Bank National Association April 20, 2005 Page 38 acceptance, of Borrower’s notice of its satisfaction of and compliance with the Release Covenants, in the form required by Section 7.1(J).
Security of Obligations. As security for the payment of the Obligations, and each Guarantor's Obligation under its Subsidiary Guaranty, the Borrower and each Guarantor, pursuant to the terms of the Security Agreement, Pledge Agreement, Collateral Assignment and Leasehold Mortgage, as applicable, do hereby pledge, assign, transfer and deliver to the Agent for benefit of Lenders and does hereby grant to the Agent for benefit of Lenders a continuing and unconditional security interest in and to the Collateral as defined herein. The Agent and Borrower hereby agree that Agent shall release its security interest and lien in the Collateral upon Borrower's delivery to, and acceptance by Agent, of notice in which Borrower certifies to the Agent that Borrower has satisfied and is in compliance with the Leverage/Fixed Charge Requirement."
Security of Obligations. As security for the payment of the Obligations, and each Guarantor’s Obligation under its Subsidiary Guaranty, the Borrower and each Guarantor, pursuant to the terms of the Security Agreement, Collateral Assignment, Alabama Leasehold Mortgage, the Subsidiary Stock Pledge Agreements, Trademark Security Agreement, Patent Security Agreement, Indiana Mortgage, Pennsylvania Mortgage and California Deed of Trust, as applicable, do hereby reaffirm its pledge, assignment, transfer and delivery to the Lender and grant to the Lender a continuing and unconditional security interest in and to the Collateral as defined herein. The Lender and the Borrower agree that the Lender shall release its security interest and liens in the Collateral upon Borrower’s delivery and Lender’s acceptance, of Borrower’s notice of its satisfaction of and compliance with the Release Covenants, in the form required by Section 7.1(J).
