Common use of The Interim Security Agent Clause in Contracts

The Interim Security Agent. and the Grantor agree that the time at which the Grantor Security Interests shall attach to the Collateral is: (a) in the case of Collateral that does not constitute after-acquired property, immediately upon execution of this Agreement; and (b) in the case of Collateral that constitutes after-acquired property, immediately on the acquisition of rights in such Collateral by the Grantor without the need for any specific appropriation of such Collateral by the Grantor.

Appears in 4 contracts

Samples: Security Interest Agreement, Security Interest Agreement, Security Interest Agreement

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