Common use of Security on all Assets Clause in Contracts

Security on all Assets. (1) The Secured Obligations (including, for certainty, all Obligations, Cash Management Obligations and Lender Financial Instrument Obligations) shall be secured, equally and rateably, by first priority Security Interests on, to and against all present and future property, assets and undertaking of the Borrower and each of its Material Subsidiaries (collectively, the “Collateral”).

Appears in 2 contracts

Samples: Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.)

AutoNDA by SimpleDocs

Security on all Assets. The (1i) The Secured Obligations (including, for certainty, all Obligations, Cash Management Obligations and (ii) Lender Financial Instrument Obligations) Obligations shall be secured, equally and rateably, secured by first priority perfected Security Interests on, to and against all present and future property, assets and undertaking of the Borrower and each of its Material Subsidiaries (collectivelySubsidiaries. As continuing collateral security for the Obligations and the Lender Financial Instrument Obligations, the “Collateral”).Borrower has delivered or shall deliver to the Lender the following Security (unless expressly indicated otherwise) completed in form and manner satisfactory to the Lender or its solicitors:

Appears in 2 contracts

Samples: Credit Agreement (Powell Industries Inc), Credit Agreement (Powell Industries Inc)

Security on all Assets. (1a) The Secured Lender Obligations (including, for certainty, all Obligations, Cash Management Obligations and Lender Financial Instrument Obligations) shall be secured, equally and rateably, by first priority Security Interests on, to and against all present and future property, assets and undertaking of the Borrower and each of its Material Subsidiaries (collectively, the "Collateral"), subject to the Collateral Agency and Intercreditor Agreement and to Sections 9.1(e) and 9.8 hereof.

Appears in 1 contract

Samples: Credit Agreement (PENGROWTH ENERGY Corp)

Security on all Assets. (1) The Secured Obligations (including, for certainty, all Obligations, the Cash Management Obligations and Lender Financial Instrument Obligations) Obligations shall be secured, equally and rateably, by first priority Security Interests on, to and against all present and future property, assets and undertaking of the Borrower and each of its Material Subsidiaries (collectively, the “Collateral”).

Appears in 1 contract

Samples: Credit Agreement (Hammerhead Energy Inc.)

Security on all Assets. (1) The Secured Obligations (including, for certainty, all Obligations, Cash Management Obligations and Lender Financial Instrument Obligations) Obligations shall be secured, equally and rateably, by first priority Security Interests on, to and against all present and future property, assets and undertaking of the Borrower and each of its Material Subsidiaries (collectively, the “Collateral”)Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Pacific Energy Partners Lp)

AutoNDA by SimpleDocs

Security on all Assets. (1) The Secured Obligations (including, for certainty, all Obligations, Cash Management Obligations and Lender Financial Instrument Obligations) Obligations of the Borrower shall be secured, equally and rateably, by first priority Security Interests on, to and against all present and future property, assets and undertaking of the Borrower Parent and each of its Material Subsidiaries (collectively, the “Collateral”)Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

Security on all Assets. (1) The Secured Obligations (including, for certainty, all Obligations, the Cash Management Obligations and Lender Financial Instrument Obligations) Obligations shall be secured, equally and rateably, by first priority Security Interests on, to and against all present and future property, assets and undertaking of the Borrower and each of its Material Subsidiaries (collectively, the "Collateral").

Appears in 1 contract

Samples: Credit Agreement (Hammerhead Energy Inc.)

Security on all Assets. (1) The Secured Obligations (including, for certainty, all Obligations, Cash Management Obligations and Lender Financial Instrument Obligations) Obligations shall be secured, equally and rateably, by first priority priority, perfected Security Interests on, to and against all present and future property, assets and undertaking of the Borrower and each of its Material Subsidiaries (collectively, the “Collateral”)Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Trident Resources Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.