The Security. The Obligations will be secured by the Security Documents described in Schedule 4.01 and any additional Security Documents hereafter delivered by the Loan Parties and accepted by the Administrative Agent.
The Security. The Obligations will be secured by the Security Documents.
The Security. The Obligations will be secured by the Security Documents listed in the Security Schedule and any additional Security Documents hereafter delivered by any Loan Party or any Affiliate of any Loan Party.
The Security. The Obligations will be secured by the Security Documents listed in the Security Schedule and any additional Security Documents hereafter delivered by any Related Person and accepted by Lender.
The Security. The undersigned, WPCS International Incorporated, a Delaware corporation (“WPCS”), Xxxxxxxx Contracting Group, Inc., a California corporation (“Xxxxxxxx”), Heinz Corporation, a Missouri corporation (“Heinz”), New England Communications Systems, Inc., a Connecticut corporation (“New England”), Quality Communications & Alarm Company, Inc., a New Jersey corporation (“Quality”), Southeastern Communication Service, Inc., a Florida corporation (“Southeastern”) and Xxxxxx Comm, Inc., a California corporation (“Xxxxxx”) (WPCS, Clayborn, Heinz, New England, Quality, Southeastern and Xxxxxx, collectively, the “Pledgor”) hereby assigns and grants to Bank of America, N.A. (the “Bank”) a security interest in the following described property now owned or hereafter acquired by the Pledgor (“Collateral”):
(a) All accounts, contract rights, chattel paper, instruments, deposit accounts, letter of credit rights, payment intangibles and general intangibles, including all amounts due to the Pledgor from a factor; rights to payment of money from the Bank under any Swap Contract (as defined in Paragraph 2 below); and all returned or repossessed goods which, on sale or lease, resulted in an account or chattel paper.
(b) All inventory, including all materials, work in process and finished goods.
(c) All machinery, furniture, fixtures and other equipment of every type now owned or hereafter acquired by the Pledgor, (including, but not limited to, the equipment described in the attached Equipment Description, if any).
(d) All of the Pledgor’s deposit accounts with the Bank. The Collateral shall include any renewals or rollovers of the deposit accounts, any successor accounts, and any general intangibles and choses in action arising therefrom or related thereto.
(e) All instruments, notes, chattel paper, documents, certificates of deposit, securities and investment property of every type. The Collateral shall include all liens, security agreements, leases and other contracts securing or otherwise relating to the foregoing.
(f) All general intangibles, including, but not limited to, (i) all patents, and all unpatented or unpatentable inventions; (ii) all trademarks, service marks, and trade names; (iii) all copyrights and literary rights; (iv) all computer software programs; (v) all mask works of semiconductor chip products; (vi) all trade secrets, proprietary information, customer lists, manufacturing, engineering and production plans, drawings, specifications, processes and systems....
The Security. For the purposes of securing the payments of the Amounts Due and the due discharge of all the obligations of the Company under this Deed and other Debenture Documents, the Company shall, and shall cause the other Obligors to, create, perfect, preserve and maintain in full force and effect till the Final Settlement Date, the following (collectively referred to as the “Security”):
(a) a first ranking pari passu charge and hypothecation on the Company’s movable assets, including movable plant and machinery, machinery spares, tools and accessories, furniture, fixtures, vehicles and all other movable properties of whatsoever nature, both present and future,
(b) a first ranking pari passu charge over all Accounts and all other bank accounts of the Issuer including the Trust and Retention Account and the sub-accounts thereof including the Debenture Service Reserve Account (or any account in substitution thereof) (but excluding the Distribution Account) that may be opened in accordance with this Deed, the Trust and Retention Account Agreement or any of the other Transaction Documents, Existing TRA Revenue Account, the Existing TRA Accounts and all funds from time to time deposited therein and all funds of the Issuer, the Project Proceeds and all Permitted Investments, any other investments or other securities of the Issuer (but excluding the Distribution Account and the monies lying therein), both present and future;
(c) a first ranking pari passu charge on all revenues and receivables of the Issuer, whether or not deposited in the Accounts, Existing TRA Revenue Account, the Existing TRA Accounts, the book debts of the Issuer, the operating cash flows of the Issuer and all other commissions and revenues and cash of the Issuer and all investments of the Issuer (but excluding the Distribution Account and the monies lying therein), both present and future;
(d) a first charge on all current assets and intangible assets of the Issuer, if any, including but not limited to goodwill, rights, undertaking and uncalled capital of the Issuer, both present and future;
(e) a first charge and assignment, by way of security, in (i) all the rights, title, interests, benefits, claims and demands whatsoever of the Issuer in the O&M Contract, both present and future (including Step In Rights and Substitution Rights); and (ii) all the rights, title, interests, benefits, claims and demands whatsoever of the Issuer under all Insurance Contracts, both present and future;
(f) a pledge by ...
The Security. The Obligations will be secured by the Security Documents. Certain of the Security Documents are amendments and restatements of Security Documents (as defined in the Existing Credit Agreement), and as such, are granted by the Company, or its Restricted Subsidiaries, as applicable, in assumption, renewal, extension, amendment and restatement of such prior liens and security interests securing the Existing Credit Agreement and are entitled to the priority and perfection relating back to the date originally granted and assigned to the greatest extent possible. Each of the Company and its Restricted Subsidiaries hereby adopts, assumes, ratifies, and reaffirms such prior Liens and security interests and confirms that such Liens and security interests secure the Obligations as a continuation of the original “Obligations” described in the Existing Credit Agreement.
The Security. The Debtor hereby assigns and grants to the holders of the Notes (as defined in Section 2) (together, the “Secured Parties”) a pari passu security interest in the following described property, now owned or hereafter acquired by the Debtor and wherever located (“Collateral”):
(a) All accounts, contract rights, chattel paper, instruments, deposit accounts, letter of credit rights, payment intangibles and general intangibles and all returned or repossessed goods which, on sale or lease, resulted in an account or chattel paper.
(c) All securities of any type or any other ownership interest in any business or venture of any nature, securities entitlements, securities accounts, investment property, instruments, chattel paper, and electronic chattel paper and Debtor’s books relating to the foregoing.
(d) All inventory, including all materials, work in process and finished goods.
(e) All machinery, furniture, fixtures and other equipment of every type.
(f) All general intangibles, including, but not limited to, (i) all patents, and all unpatented or unpatentable inventions; (ii) all trademarks, service marks, and trade names; (iii) all copyrights and literary rights; (iv) all computer software programs; (v) all mask works of semiconductor chip products; (vi) all trade secrets, proprietary information, customer lists, manufacturing, engineering and production plans, drawings, specifications, processes and systems. The Collateral shall include all good will connected with or symbolized by any of such general intangibles; all contract rights, documents, applications, licenses, materials and other matters related to such general intangibles; all tangible property embodying or incorporating any such general intangibles; and all chattel paper and instruments relating to such general intangibles.
(g) All negotiable and non-negotiable documents of title covering any Collateral.
(h) All accessions, attachments and other additions to the Collateral, and all tools, parts and equipment used in connection with the Collateral.
(i) All substitutes or replacements for any Collateral, all cash or non-cash proceeds, products, rents and profits of any Collateral, all income, benefits and property receivable on account of the Collateral, all rights under warranties and insurance contracts, letters of credit, guaranties or other supporting obligations covering the Collateral, and any causes of action relating to the Collateral.
(j) All books and records pertaining to any Collateral, i...
The Security. The Issuer undertakes and confirms to create and perfect, and cause to be created and perfected, the Security over the Secured Property, including the Encumbered Assets, in favour of the Debenture Trustee for the benefit of the Debenture Holders. All such Security and all other assets transferred/ handed over to the Debenture Trustee pursuant to the terms of the Debenture Documents shall form part of the Trust property. The Debenture Trustee shall hold the Security for the benefit of the Debenture Holders in accordance with the terms hereof for due payment and discharge of the Amounts Due in accordance with this Deed and the other Debenture Documents.
The Security. 4.1 The Borrower undertakes to continue to provide the security set forth in the Security Documents on the terms currently in effect notwithstanding the completion of the Restructuring.
4.2 The Borrower’s continuation of the security set forth in the Security Documents following the completion of the Restructuring is subject to the amount secured thereby being limited to the Rig’s Portion of the amount from time to time outstanding under the Finance Documents. This limitation shall be documented as prescribed in the Side Letter in amendments to each of the Security Documents or, as the case may be, new security documents replacing the same.
4.3 The Lender procures that all of the security provided by the Borrower under the Security Documents or any new security documents to be provided by the Borrower EXHIBIT I TO CONTRIBUTION, PURCHASE AND SALE AGREEMENT shall be released (and the recordation of the security interest in favour of the Banks terminated) upon the repayment by the Lender of all amounts outstanding under the Finance Documents.
