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Grant of Security
Grant of Security contract clause examples

Grant of Security. The Borrowers hereby grant to Agent, as collateral agent for the ratable benefit of the Revolving Credit Lenders, a security interest in, the Borrowers’ right, title and interest in and to the LC Cash Collateral Account and all # funds and financial assets from time to time credited thereto (including, without limitation, all Cash Equivalents), all interest, dividends, distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such funds and financial assets, and all certificates and instruments, if any, from time to time representing or evidencing the LC Cash Collateral Account, # and all promissory notes, certificates of deposit, deposit accounts, checks and other instruments from time to time delivered to or otherwise possessed by Agent, as collateral agent for or on behalf of the Revolving Credit Lenders, in substitution for or in addition to any or all of the then existing LC Account Collateral and # all interest, dividends, distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing LC Account Collateral, in each of the cases set forth in [clauses (i), (ii) and (iii) above], whether now owned or hereafter acquired by the Borrowers, wherever located, and whether now or hereafter existing or arising (all of the foregoing, collectively, the “LC Account Collateral”).

Grant of Security. The Borrowers hereby grant to Agent, as collateral agent for the ratable benefit of the Revolving Credit Lenders, a security interest in, the Borrowers’ right, title and interest in and to the LC Cash Collateral Account and all # funds and financial assets from time to time credited thereto (including, without limitation, all Cash Equivalents), all interest, dividends, distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such funds and financial assets, and all certificates and instruments, if any, from time to time representing or evidencing the LC Cash Collateral Account, # and all promissory notes, certificates of deposit, deposit accounts, checks and other instruments from time to time delivered to or otherwise possessed by Agent, as collateral agent for or on behalf of the Revolving Credit Lenders, in substitution for or in addition to any or all of the then existing LC Account Collateral and # all interest, dividends, distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing LC Account Collateral, in each of the cases set forth in [clauses (i), (ii) and (iii) above], whether now owned or hereafter acquired by the Borrowers, wherever located, and whether now or hereafter existing or arising (all of the foregoing, collectively, the “LC Account Collateral”).

Grant of Security. Borrower hereby grants to Agent, as collateral agent for the ratable benefit of the Revolving Credit Lenders, a security interest in, Borrower’s right, title and interest in and to the LC Cash Collateral Account and all # funds and financial assets from time to time credited thereto (including, without limitation, all Cash Equivalents), all interest, dividends, distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such funds and financial assets, and all certificates and instruments, if any, from time to time representing or evidencing the LC Cash Collateral Account, # and all promissory notes, certificates of deposit, deposit accounts, checks and other instruments from time to time delivered to or otherwise possessed by Agent, as collateral agent for or on behalf of the Revolving Credit Lenders, in substitution for or in addition to any or all of the then existing LC Account Collateral and # all interest, dividends, distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the then existing LC Account Collateral, in each of the cases set forth in [clauses (i), (ii) and (iii) above], whether now owned or hereafter acquired by Borrower, wherever located, and whether now or hereafter existing or arising (all of the foregoing, collectively, the “LC Account Collateral”).

Grant of Security Interest. Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to (and subjects to the control of) Agent, for the benefit of Agent, the L/C Issuer and the Lenders, and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to [subsection (c)]. If at any time Agent determines that Cash Collateral is subject to any right or claim of any Person other than Agent or the L/C Issuer as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, Borrower will, promptly upon demand by Agent, pay or provide to Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at [[Agent:Organization]]. Borrower shall

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