Assignment; Grant of Security Interests Sample Clauses

Assignment; Grant of Security Interests. As collateral security for the prompt payment in full when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations, each of the Borrower, the Importer and the Guarantor hereby separately pledges and grants to the Collateral Agent, for the benefit of the Secured Parties as hereinafter provided, a continuing first priority security interest in all of its respective right, title and interest in, to and under the following Property (collectively, the “Collateral”):
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Assignment; Grant of Security Interests. (a) As collateral security for the prompt payment in full when due (whether at stated maturity, by acceleration, in case of prepayment or otherwise) of the Secured Obligations, the Grantors hereby pledge and grant to the Collateral Agent, for the benefit of the Secured Parties as hereinafter provided, a continuing first priority security interest in all of their right, title and interest in, to and under the following Property, whether now owned or hereafter owned by the Grantors or hereafter acquired and whether now existing or hereafter coming into existence (collectively, the “Account Collateral”):
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Assignment; Grant of Security Interests. (a) The Debtor, as security for the prompt and complete payment and performance when due of the Secured Obligations of the Debtor, does hereby assign, pledge, convey, set over and transfer unto the Secured Party, and does hereby grant to the Secured Party a continuing security interest of first priority in, all of the right, title and interest of the Debtor in, to and under all of the following, whether now existing, or hereafter from time to time acquired using proceeds of the Loans (collectively, the “Collateral”):
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Assignment; Grant of Security Interests. (a) The Debtor, as security for the prompt and complete payment and performance when due of the Secured Obligations of the Debtor, does hereby acknowledge and affirm that it has assigned, pledged, conveyed, set over and transferred, and hereby re-assigns, pledges, conveys, sets over and transfers, unto the Secured Party, and has granted and does hereby confirm and affirm the grant to the Secured Party of, and hereby re-grants to the Secured Party, a continuing security interest of first priority in, all of the right, title and interest of the Debtor in, to and under all of the following, whether now existing, or hereafter from time to time acquired using proceeds of the Loans (collectively, the "Collateral"):
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Assignment; Grant of Security Interests. (a) As collateral security for the prompt payment in full when due (whether at stated maturity, by acceleration, in case of prepayment or otherwise) of the Secured Obligations, the Grantors hereby pledge and grant to the Collateral Agent, for the benefit of the Secured Parties as hereinafter provided, a continuing first priority security interest in all of their right, title and interest in, to and under the following Property, whether now owned or hereafter owned by the Grantors or hereafter acquired and whether now existing or hereafter coming into existence (collectively, the “Account Collateral”): (i) the Collection Account and any and all Investment Property, Financial Assets or other Property (including uninvested funds) from time to time credited thereto or deposited or carried therein, any and all investments made with funds therein, any and all other Financial Assets credited thereto or carried therein, any and all Security Entitlements of the Grantors with respect to such Financial Assets and any and all Proceeds of any of the foregoing; and (ii) all Supporting Obligations, substitutions and replacements of or for, or relating to, any Account Collateral. (b) Effective only upon the occurrence of an Activation Event, as collateral security for the prompt payment in full when due (whether at stated maturity, by acceleration, in case of prepayment or otherwise) of the Secured Obligations, the Grantors hereby pledge and grant to the Collateral Agent for the benefit of the Secured Parties as hereinafter provided, a continuing first priority security interest in all of their right, title and interest in, to and under the following Property, whether owned by the Grantors at the time of the occurrence of the applicable Activation Event or thereafter acquired and whether existing at the time of the Gerdau Export and Working Capital Agreement Exhibit C — Form of Security Agreement
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Related to Assignment; Grant of Security Interests

  • Grant of Security Interests In addition to the other rights provided in this Section 9.9, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the Loans), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board), without notice to Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, by notice to Agent; provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause (b) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder.

  • Assignment and Grant of Security Interest As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of all the Obligations and in order to induce the Lenders to make Loans in accordance with the terms of the Credit Agreement, the Pledgor hereby pledges and grants to the Administrative Agent (for the benefit of the Lenders), a first priority Lien on and security interest in and to, and agrees and acknowledges that Administrative Agent has and shall continue to have, a security interest in and to, and assigns, transfers, pledges and conveys to Administrative Agent (for the benefit of the Lenders) all of Pledgor's right, title, and interest in and to the Collateral.

  • Assignment of Security Interest If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

  • Grant of Security Interest All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The Borrower, and to the extent provided by any Lender, such 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 (including the Swing Line Lender), 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 as herein provided, or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, 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.

  • Pledge; Grant of Security Interest As collateral security for the payment and performance in full of all the Secured Obligations, each Grantor hereby pledges and grants to the Agent for its benefit and for the benefit of the other Credit Parties, a Lien on and security interest in and to all of the right, title and interest of such Grantor in, to and under all personal property and interests in such personal property, wherever located, and whether now existing or hereafter arising or acquired from time to time (collectively, the “Collateral”), including, without limitation:

  • Reaffirmation of Security Interests Each Loan Party (a) affirms that each of the Liens granted in or pursuant to the Loan Documents are valid and subsisting and (b) agrees that this Amendment does not in any manner impair or otherwise adversely affect any of the Liens granted in or pursuant to the Loan Documents.

  • Acknowledgment of Security Interests Each Loan Party hereby acknowledges that, as of the date hereof, the security interests and Liens granted to Agent and the Lenders under the Credit Agreement and the other Loan Documents are in full force and effect and are enforceable in accordance with the terms of the Credit Agreement and the other Loan Documents.

  • Pledge and Grant of Security Interest To secure the prompt payment and performance in full when due, whether by lapse of time or otherwise, of the Pledgor Obligations (as defined in Section 3 hereof), each Pledgor hereby pledges and assigns to the Agent, for the benefit of the Lenders, and grants to the Agent, for the benefit of the Lenders, a continuing security interest in any and all right, title and interest of such Pledgor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Pledged Collateral"):

  • Impairment of Security Interests Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 and asset sales permitted under Section 11.5.

  • Reaffirmation of Security Interest The Borrower hereby reaffirms as of the date hereof each and every security interest and Lien granted in favor of the Security Agent and the Banks under the Loan Documents, and agrees and acknowledges that such security interests and Liens shall continue from and after the date hereof and shall remain in full force and effect from and after the date hereof, in each case after giving effect to the Credit Agreement as amended by this Amendment, and the Obligations secured thereby and thereunder shall include the Borrower’s obligations under the Credit Agreement as amended by this Amendment. Each such reaffirmed security interest and Lien remains and shall continue to remain in full force and effect and is hereby in all respects ratified and confirmed.

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