Grant of Security Interest. In consideration of the Lender’s extending credit and other financial accommodations to or for the benefit of the Borrower, the Healthtech Parties, jointly and severally, hereby grant to the Lender a security interest in, a lien on and a pledge and assignment of the Collateral (defined below). The security interest granted by this Agreement is given to and shall be held by the Lender as security for the payment and performance of all Obligations (as hereinafter defined).
Grant of Security Interest. In considerationTitle to Collateral. At the date hereof, the Healthtech Parties are (and as to Collateral that the Healthtech Parties may hereafter acquire, will be) the lawful owner(s) of the Lender’s extending creditCollateral, and the Collateral and each item thereof is, will be and shall continue to be free of all restrictions, liens, encumbrances or other financial accommodationsrights, title or interests (other than the security interest therein granted to the Lender and such other security interests as may be permitted by the Intercreditor Agreement), credits, defenses, recoupments, set-offs or for the benefit of the Borrower, thecounterclaims whatsoever. The Healthtech Parties, jointlyParties have and severally, herebywill have full power and authority to grant to the Lender a security interest in, ain the Collateral and the Healthtech Parties have not transferred, assigned, sold, pledge, encumbered, subject to lien on and a pledge and assignmentor grant any security interest in any of the Collateral (defined below).(or any of the Healthtech Parties’ rights, title or interests therein), to any person other than the Lender. The security interest granted by this AgreementCollateral is givenand will be valid and genuine in all respects; and that the Healthtech Parties will warrant and defend the Lender’s right to and shall be held byinterest in the Lender as security for the paymentCollateral against all claims and performancedemands of all Obligations (as hereinafter defined).persons whatsoever.
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