Example ContractsClausesGrant of Security
Grant of Security
Grant of Security contract clause examples

Grant of Security. Each Grantor hereby unconditionally grants, collaterally assigns, and pledges to Agent, for the benefit of each member of the Lender Group and each of the Bank Product Providers, to secure the Secured Obligations (whether now existing or hereafter arising), a continuing security interest (hereinafter referred to as the "Security Interest") in all of such Grantor's right, title, and interest in and to the following, whether now owned or hereafter acquired or arising and wherever located (the "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. As security for the complete payment to the Administrative Agent and the Lenders of all sums owing by the Borrowers to the Lenders whether for principal, interest, fees, expenses or otherwise, under and in connection with the Credit Facility Agreement and the other Transaction Documents and the due and punctual performance by the Pledged Company and the other Borrowers of all other Obligations under the Credit Facility Agreement and the other Transaction Documents, the Pledgor hereby pledges, assigns and transfers to the Pledgee and hereby grants to the Pledgee a first lien on, and first security interest in the following (the “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. Each Grantor hereby unconditionally grants, collaterally assigns, and pledges to Agent, for the benefit of each member of the Lender Group and each of the Bank Product Providers, to secure the Secured Obligations (whether now existing or hereafter arising), a continuing security interest (hereinafter referred to as the "Security Interest") in all of such Grantor's right, title, and interest in and to the following, whether now owned or hereafter acquired or arising and wherever located (the "Collateral"):

Grant of Security. Each Grantor hereby unconditionally grants, assigns, and pledges to Secured Party, for the benefit of itself, as Lender, and each of the Bank Product Providers, to secure the Secured Obligations, a continuing security interest (hereinafter referred to as the "Security Interest") in all of such Grantor's right, title, and interest in and to the following, whether now owned or hereafter acquired or arising and wherever located (the "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 Interest. Each Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuers 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 by it 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 [Section 2.15(c)]. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or the applicable L/C Issuer as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, each Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency with respect to Letters of Credit issued for such Borrower’s account. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in one or more Controlled Accounts at Bank of America. The Borrowers shall pay on demand therefor from time to time all customary account opening, activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral.

Grant of Security Interest. The Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative 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 [Section 2.14(c)]. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or the L/C Issuer as herein provided (other than Liens permitted under [Section 8.01(m)]), or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (determined in the case of Cash Collateral provided pursuant to [Section 2.15(a)(vi)], after giving effect to [Section 2.15(a)(iv)] and any Cash Collateral provided by the Defaulting Lender). All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at the Administrative Agent or with another financial institution acceptable to the Borrower and the Administrative Agent. The Borrower shall pay on demand therefor from time to time all customary account opening, activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral.

GRANT OF SECURITY INTEREST. For valuable consideration, Grantor grants to Lender a continuing security Interest in the Collateral to secure the Obligations and agrees that Lender shall have the rights stated in this Agreement with respect to the Collateral, in addition to all other rights which Lender may have by law.

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