Common use of Collateral; Grant of Lien and Security Interest Clause in Contracts

Collateral; Grant of Lien and Security Interest. As more fully set forth in the Security Documents, as security for the full and timely payment and performance of all of the Obligations, each Obligor hereby assigns, pledges and grants to the Agent, for the benefit of the Holders, a continuing first-priority security interest in and to and Lien (“Agent’s Liens”) on all right, title and interests in all property or assets of such Obligor, of every kind or nature whatsoever, wherever located, howsoever evidenced, whether contingent or absolute, real or personal, now existing or hereafter acquired, arising or created, including without limitation all Accounts, inventory, goods, contract rights, instruments, documents, chattel paper, general intangibles, payment intangibles, letters of credit, letter-of-credit rights, supporting obligations, machinery and equipment, real property, fixtures, leases, 100% of the Capital Stock in any Subsidiary, money, investment property, deposit accounts, all commercial tort claims and all causes of action arising under the Bankruptcy Code or otherwise, and all cash and non-cash proceeds, rents, products and profits of any of the foregoing (all property of the Obligors subject to the security interest referred to in this Section 3.01 being hereafter collectively referred to as the “Collateral”).

Collateral; Grant of Lien and Security Interest. (a) As more fully set forth in the Security Documents, as security for the full and timely payment and performance of all of the Obligations, to the extent authorized by the Bankruptcy Court Orders, each Obligor hereby of the Borrowers assigns, pledges and grants (or causes the assignment, pledge and grant in respect of any indirectly owned assets) to the Agent, for the benefit of Agent and the HoldersLenders, a continuing first-priority security interest in and to and Lien (“Agent’s Liens”) on all rightof the property, title and assets or interests in all property or assets of such ObligorPerson, of every any kind or nature whatsoever, wherever located, howsoever evidenced, whether contingent or absolute, real or personal, now existing or hereafter acquired, arising acquired or created, including including, without limitation limitation, all Accountsproperty of the estates (within the meaning of the Bankruptcy Code) of such Borrower, and all accounts, inventory, goods, contract rights, instruments, documents, chattel paper, patents, trademarks, copyrights and licenses therefor, general intangibles, payment intangibles, letters of credit, letter-of-credit rights, supporting obligations, machinery and equipment, real property, fixtures, leases, 100% all of the Capital Stock in any Subsidiaryof each Subsidiary of such Borrower, all of the Stock of all other Persons directly owned by such Borrower, money, investment property, deposit accounts, all commercial tort claims and all causes of action arising under the Bankruptcy Code or otherwise, and all cash and non-cash proceeds, rents, products and profits of any of the foregoing collateral described above (all property or assets of the Obligors Borrowers subject to the security interest referred to in this Section 3.01 3.1(a) being hereafter collectively referred to as the “"Collateral”").

Collateral; Grant of Lien and Security Interest. (a) As more fully set forth in the Security Documents, as security for the full and timely payment and performance of all of the Obligations, to the extent authorized by the Bankruptcy Court Orders, each Obligor hereby of the Loan Parties assigns, pledges and grants (or causes the assignment, pledge and grant in respect of any indirectly owned assets) to the Agent, for the benefit of Agent, Bank Product Providers and the HoldersLenders, a continuing first-priority security interest in and to and Lien (“Agent’s Liens”) on all rightof the property, title and assets or interests in all property or assets of such ObligorPerson, of every any kind or nature whatsoever, wherever located, howsoever evidenced, whether contingent or absolute, real or personal, now existing or hereafter acquired, arising acquired or created, including including, without limitation limitation, all Accountsproperty of the Debtor’s estates (within the meaning of the Bankruptcy Code) of such Loan Party, and all accounts, inventory, goods, contract rights, instruments, documents, chattel paper, patents, trademarks, copyrights and licenses therefor, general intangibles, payment intangibles, letters of credit, letter-of-credit rights, supporting obligations, machinery and equipment, real property, fixtures, leases, 100% all of the Capital Stock in any Subsidiaryof each Subsidiary of such Loan Party, all of the Stock of all other Persons directly owned by such Loan Party, money, investment property, deposit accounts, all commercial tort claims and all causes of action arising under the Bankruptcy Code or otherwise, and all cash and non-cash proceeds, rents, products and profits of any of the foregoing collateral described above (all property of the Obligors Loan Parties subject to the security interest referred to in this Section 3.01 3.1(a) being hereafter collectively referred to as the “Collateral”).