Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Security of Borrower. 34 7.2. Guaranties and Security of Domestic Subsidiaries. ...................................35 8.
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in certain of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Security of Borrower. The Obligations shall be secured by (a) a -------------------- perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party, and (b) a pledge of the Borrower of (i) one hundred percent (100%) of the capital stock owned by the Borrower of each of its Domestic Subsidiaries, (ii) sixty-five percent (65%) of the capital stock owned by the Borrower of each of its Foreign Subsidiaries, and (iii) any intercompany notes owed the Borrower by any Domestic Subsidiary pursuant to the terms of the Security Documents to which the Borrower is a party.
Security of Borrower. The Obligations shall be secured by a perfected security interest (subject only to the Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower and its Domestic Subsidiaries, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower or its Domestic Subsidiaries are a party.
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned or hereafter acquired, including all of the stock or other equity interests of each of its domestic Subsidiaries and up to sixty-five percent (65%) of the stock or other equity interests in each of its direct foreign Subsidiaries, pursuant to the terms of the Security Documents to which the Borrower is a party.
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens that are entitled to priority under applicable law) in all of the assets of the Borrower and, subject to §8.17, each Guarantor, whether now owned or hereafter acquired, including, without limitation, all leases, lease receivables and other accounts receivable of the Borrower and, subject to §8.17, each Guarantor, and a pledge of 100% of the Capital Stock of each of the Borrower’s Subsidiaries (or, in the case of a non-Guarantor Subsidiary that is a “controlled foreign corporation” under Section 957 of the Code, 66% of the Capital Stock of each such first-tier foreign non-Guarantor Subsidiary), in each case pursuant to the terms of, and as provided in, the Security Documents to which the Borrower or such Guarantor is a party.
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower (other than Transferred Assets and the assets which have been transferred pursuant to, or are subject to a security interest under, any Sale Agreements existing as of the Closing Date) whether now owned or hereafter acquired, and a pledge of and perfected first priority lien on all of the issued and outstanding shares of ACFC pursuant to the terms of the Security Documents to which the Borrower is a party.
Security of Borrower. 52 6.2. Guaranties and Security of Guarantors...........................52 7.
Security of Borrower. All of the Obligations are to be secured by a perfected first priority security interest (except as set forth in Section 6.4 of this Agreement) in all of the assets of Borrower whether now owned or hereafter acquired, including any capital stock held by Borrower, pursuant to the terms of the Stock Pledge.
