Common use of The Security Interests Clause in Contracts

The Security Interests. In order to secure the full and punctual payment and performance of the Secured Obligations in accordance with the terms thereof, and to secure the performance of all the obligations of the Pledgor hereunder: (A) The Pledgor hereby assigns and pledges to and with the Secured Party and grants to the Secured Party a security interest in the Pledged Securities, and all of its rights and privileges with respect to the Pledged Securities, and all income and profits thereon, and all interest, dividends and other payments and distributions with respect thereto, and all proceeds of the foregoing (the "COLLATERAL"). Contemporaneously with the execution and delivery hereof, the Pledgor is delivering the certificates representing the Company Shares in pledge hereunder. (B) In the event that the Company at any time issues any additional or substitute shares of capital stock of any class or owes any other Debt to the Pledgor, the Pledgor will immediately pledge and deposit with the Secured Party certificates representing all such shares or an instrument evidencing such other Debt as additional security for the Secured Obligations. All such shares and instruments constitute Pledged Securities and are subject to all provisions of this Agreement. (C) The Security Interests are granted as security only and shall not subject the Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Pledgor with respect to any of the Collateral or any transaction in connection therewith.

The Security Interests. In order to secure the full and punctual payment and performance of the Secured Obligations in accordance with the terms thereof, and to secure the performance of all the obligations of the Pledgor Holdings hereunder: (A) The Pledgor Holdings hereby assigns and pledges to and with the Agent for the benefit of the Secured Party Parties and grants to the Agent for the benefit of the Secured Party Parties a security interest in the Pledged Securities, and all of its rights and privileges with respect to the Pledged Securities, and all income and profits thereon, and all interest, dividends and other payments and distributions with respect thereto, and all proceeds Proceeds of the foregoing (the "COLLATERALCollateral"). Contemporaneously with the execution and delivery hereof, the Pledgor Holdings is delivering the certificates representing the Company LTC Shares in pledge hereunder. (B) In the event that the Company LTC at any time (i) issues any additional or substitute shares of capital stock of any class or any substitute note to Holdings or any of its Affiliates, or (ii) owes any other Debt to the PledgorHoldings, the Pledgor Holdings will immediately pledge and deposit with the Secured Party Agent certificates representing all such shares and such note or an instrument evidencing such other Debt as additional security for the Secured Obligations. All such shares shares, notes and instruments constitute Pledged Securities and are subject to all provisions of this Agreement. (C) The Security Interests are granted as security only and shall not subject the any Secured Party to, or transfer or in any way affect or modify, any obligation or liability of Holdings or any of the Pledgor Companies with respect to any of the Collateral or any transaction in connection therewith.

The Security Interests. In order to secure the full and punctual payment and performance of the Secured Obligations in accordance with the terms thereof, and to secure the performance of all the obligations of the Pledgor LTC hereunder: (A) The Pledgor LTC hereby assigns and pledges to and with the Agent for the benefit of the Secured Party Parties and grants to the Agent for the benefit of the Secured Party Parties a security interest in the Pledged Securities, and all of its rights and privileges with respect to the Pledged Securities, and all income and profits thereon, and all interest, dividends and other payments and distributions with respect thereto, and all proceeds Proceeds of the foregoing (the "COLLATERALCollateral"). Contemporaneously with the execution and delivery hereof, the Pledgor LTC is delivering the certificates representing the Company Companies' Shares in pledge hereunder. (B) In the event that any of the Company Companies at any time issues any additional or substitute shares of capital stock of any class or any substitute note, or owes any other Debt to the PledgorLTC, the Pledgor LTC will immediately pledge and deposit with the Secured Party Agent certificates representing all such shares and such note or an instrument evidencing such other Debt as additional security for the Secured Obligations. All such shares shares, notes and instruments constitute Pledged Securities and are subject to all provisions of this Agreement. (C) The Security Interests are granted as security only and shall not subject the any Secured Party to, or transfer or in any way affect or modify, any obligation or liability of LTC, Holdings or any of the Pledgor Companies with respect to any of the Collateral or any transaction in connection therewith.

The Security Interests. In order to secure the full and punctual payment and performance of the Secured Obligations in accordance with the terms thereof, and to secure the performance of all the obligations of the Pledgor Company hereunder: (A) The Pledgor Company hereby assigns and pledges to and with the Agent for the benefit of the Secured Party Parties and grants to the Agent for the benefit of the Secured Party Parties a security interest in the Pledged Securities, and all of its rights and privileges with respect to the Pledged Securities, and all income and profits thereon, and all interest, dividends and other payments and distributions with respect thereto, and all proceeds of the foregoing (the "COLLATERAL"). Contemporaneously with the execution and delivery hereof, the Pledgor Company is delivering the certificates representing the Company Subsidiaries Shares in pledge hereunder. (B) In the event that the Company Subsidiaries at any time issues issue any additional or substitute shares of capital stock of any class or owes any other Debt to the PledgorCompany, the Pledgor Company will immediately pledge and deposit with the Secured Party Agent certificates representing all such shares or an instrument evidencing such other Debt as additional security for the Secured Obligations. All such shares and instruments constitute Pledged Securities and are subject to all provisions of this Agreement. (C) The Security Interests are granted as security only and shall not subject the any Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Pledgor Company or the Subsidiaries with respect to any of the Collateral or any transaction in connection therewith.

The Security Interests. In order to secure the full and punctual payment and performance of the Secured Obligations in accordance with the terms thereofhereof, and to secure the performance of all the obligations of the Pledgor Company hereunder: (Aa) The Pledgor Company hereby assigns and pledges to and with the Lender for the benefit of the Secured Party and grants to the Lender for the benefit of the Secured Party a security interest in the Pledged SecuritiesStock, and all of its rights and privileges with respect to the Pledged SecuritiesStock, and all income and profits thereon, and all interest, dividends and other payments and distributions with respect thereto, and all proceeds of the foregoing (the "COLLATERAL"“Collateral”). Contemporaneously with the execution and delivery hereof, the Pledgor Company is delivering the certificates representing the Company Shares Pledged Stock in pledge hereunder. (Bb) In the event that the Company any Subsidiary at any time issues any additional or substitute shares of capital stock or equity interests of any class class, or owes any other Debt rights to acquire the Pledgorsame, the Pledgor Company will immediately pledge and deposit with the Secured Party Lender certificates representing all such shares shares, interests, or an instrument evidencing such other Debt rights as additional security for the Secured Obligations. All such shares and instruments shares, interests or rights constitute Pledged Securities Stock and are subject to all provisions of this Agreement. (Cc) The Security Interests are granted as security only and shall not subject the any Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Pledgor Company with respect to any of the Collateral or any transaction in connection therewith.