Common use of Accessions Clause in Contracts

Accessions. To secure payment and performance of all Liabilities, BORROWER hereby creates in favor of LENDER and hereby grants to LENDER a first security interest in all Accessions, as defined herein, presently owned by BORROWER or hereafter existing, created or acquired by it.

Accessions. To secure payment and performance of all Liabilities, each BORROWER hereby creates in favor of LENDER and hereby grants to LENDER a first security interest in all Accessions, as defined herein, presently owned by each such BORROWER or hereafter existing, created or acquired by it.