Granting Party definition
Examples of Granting Party in a sentence
Furthermore, each Granting Party hereby authorizes Buyer to file financing statements relating to the Purchased Assets and the Underlying Assets, as Buyer may deem appropriate.
Each Granting Party agrees to execute, deliver and/or file such documents and perform such acts as may be reasonably necessary to fully perfect Buyer’s security interest created hereby.
Each Granting Party also hereby irrevocably authorizes Buyer and its counsel to file UCC financing statements with respect to such Granting Party in form and substance satisfactory to Buyer, describing the collateral as “All assets of Granting Party, whether now owned or existing or hereafter acquired or arising and wheresoever located, and all proceeds and products thereof” or words to that effect, notwithstanding that such description may be broader than the collateral granted hereby.