Common use of Security of Obligations Clause in Contracts

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 (and the Collateral pledged hereunder) secures the payment of all obligations of the Pledgor now or hereafter existing under the Facility Documents each Master Agreement (including all contingent obligations with respect to Credit(scredit(s) issued or procured for issuance by the Pledgee for the Pledgor’s account)) and this Agreement, whether direct or indirect, absolute or contingent, and whether for principal, interest, fees, expenses or otherwise, otherwise and the payment of any and all reasonable 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 inrelating thereto, and the sole sold right and power to direct dispositions of all cash deposits in the Account for the purposes of Sections sections 9-106 106(c) and 9-104 104(b) of the NYUCC.

Security of Obligations. This Agreement (and the Collateral pledged hereunder) secures the payment of all such proportion of the obligations of the Pledgor as is required under Section 6(h) hereof, now or hereafter existing under the Facility Documents each Master Agreement (including all contingent obligations with respect to Credit(s) issued or procured for issuance by the Pledgee for the Pledgor’s account)) and this Agreement, whether direct or indirect, absolute or contingent, and whether for principal, interest, fees, expenses or otherwise, otherwise and the payment of such proportion as is required under Section 6(h) hereof, of any and all expenses (including reasonable counsel fees and expenses) incurred by the Pledgee in enforcing any rights under this Agreement and/or and the other Facility Documents Master Agreements (all such obligations being the “Secured Obligations”). Subject to Section 10 hereof and the provisions set forth in the Account Control Agreementhereof, 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 sections 9-106 106(c) and 9-104 104(b) of the NYUCC.

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 each Master Agreement (including all contingent obligations with respect to Credit(scredit(s) issued or procured for issuance by the Pledgee for the Pledgor’s account)) and this Agreement, whether direct or indirect, absolute or contingent, and whether for principal, interest, fees, expenses or otherwise, otherwise and the payment of any and all reasonable 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 inrelating thereto, and the sole sold right and power to direct dispositions of all cash deposits in the Account for the purposes of Sections sections 9-106 106(c) and 9-104 104(b) of the NYUCC. Section 4.

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 each Master Agreement (including all contingent obligations and unreimbursed or refinanced drawings with respect to Credit(s) issued or procured for issuance by the Pledgee for the Pledgor’s account)) and this Agreement, whether direct or indirect, absolute or contingent, and whether for principal, interest, fees, expenses or otherwise, 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 and the other Facility Documents Master Agreements (all such obligations being the “Secured Obligations”). Subject to Section 10 hereof and the provisions set forth in the Account Control Agreement, this This Agreement is intended to convey to the Pledgee, and hereby grants to the Pledgee, Pledgee control over and 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 sections 9-106 106(c) and 9-104 104(b) of the NYUCC.