Assignment of Security Interests Sample Clauses

Assignment of Security Interests. If, at any time the Borrower shall take and perfect a security interest in any property of an Account Debtor or any other Person to secure payment or performance of an Account, the Borrower shall promptly assign such security interest to the Bank.
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Assignment of Security Interests. (a) Sellers shall deliver to Purchaser at the Closing all signed UCC-1 financing statements and UCC-3 assignments of financing statements, endorsed notes, participations and all other documentation necessary to effect the assignment to Purchaser of any Gross Receivables constituting Acquired Assets and necessary to perfect the security interest of any Gross Receivables constituting Acquired Assets that are subject to a security interest in favor of any Selling Entity. The out-of-pocket costs and expenses of preparing and filing any such documentation shall be paid by Purchaser.
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Assignment of Security Interests. The Lender may transfer to any other Person all or any part of the liens and security interests granted hereby, and all, or any part of the Collateral of the Borrower and the Guarantors which may be in the Lender’s possession while an Event of Default exists or, if to a successor, at any time. Upon such transfer, the transferee shall be vested with all the rights and powers of the Lender hereunder with respect to such of the Collateral of the Borrower and the Guarantors as is so transferred but, with respect to any of such Collateral not so transferred, the Lender shall retain all of its rights and powers (whether given to it in this Agreement, or otherwise).
Sample 1
Assignment of Security Interests. LCPI, as resigning administrative agent, hereby assigns to Union Bank of California, N.A., as successor Administrative Agent, the security interests created in its favor pursuant to the Loan Documents, and all UCC Financing Statements filed to perfect such security interests. LCPI agrees that it will execute and deliver to Union Bank of California, N.A., as Administrative Agent, UCC-3 Assignments assigning to Union Bank of California, N.A., as Administrative Agent, all UCC Financing Statements heretofore filed in favor of LCPI in connection with (i) the Credit Agreement and (ii) the Credit Agreement, dated as of August 19, 1997, among Axiohm S.A., Axiohm IPB, Inc., AX Acquisition Corporation, the several lenders from time to time parties thereto and Xxxxxx Commercial Paper Inc., as arranger, syndication agent and administrative agent. Such UCC Assignments will be prepared, executed and delivered to Union Bank of California, N.A. as promptly as practicable after the returning to LCPI of the original UCC Financing Statements from the filing offices. LCPI also agrees to deliver to Union Bank of California, N.A., as successor Administrative Agent, all stock certificates and instruments delivered to it as collateral under the Loan Documents.
Sample 1
Assignment of Security Interests. For the same consideration and to further secure the Secured Obligations, Xxxxxxxxx does hereby assign and convey to Mortgagee any security interests held by Xxxxxxxxx arising under Chapter 67 of the Texas Property Code and the security interests granted to Mortgagor pursuant to Chapter 67 of the Texas Property Code attributable to the interest of Xxxxxxxxx in the Hydrocarbons.
Sample 1
Assignment of Security Interests. (i) The MINI Division of BMW NA may assign the security interests granted to it under this Agreement or any part thereof, including its security interests in particular items of Collateral and, upon notifying the Dealer, the assignee shall be entitled to the full performance of the covenants, rights, and remedies contained in Paragraph 18 of the Agreement in so far as they apply to the Collateral assigned. Dealer will not assert any claims, defenses, offsets, or recoupments against the assignee that it may have against the MINI Division.
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Assignment of Security Interests. The Collateral Agent may transfer to any other Person all or any part of the liens and security interests granted hereby, and all, or any part of the Collateral of Borrower and the Guarantors which may be in the Collateral Agent’s possession while an Event of Default exists or, if to a successor, at any time. Upon such transfer, the transferee shall be vested with all the rights and powers of the Collateral Agent hereunder with respect to such of the Collateral of Borrower and the Guarantors as is so transferred but, with respect to any of such Collateral not so transferred, the Collateral Agent shall retain all of its rights and powers (whether given to it in this Agreement, or otherwise).
Sample 1
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Related to Assignment of Security Interests

  • 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 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.

  • 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.

  • 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 with the Administrative Agent. The Borrower, and to the extent provided by any Lender or Defaulting Lender, such Lender or Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Lender and the L/C Lenders, and agrees to maintain, a first priority security interest and Lien in all such Cash Collateral and in all proceeds thereof, as security for the Obligations to which such Cash Collateral may be applied pursuant to Section 3.10(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 any Issuing Lender as herein provided, or that the total amount of such Cash Collateral is less than 105% of the applicable L/C Exposure, Fronting Exposure and other Obligations secured thereby, the Borrower or the relevant Lender or Defaulting Lender, as applicable, 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 (after giving effect to any Cash Collateral provided by such Defaulting Lender).

  • 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 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.

  • Pledge; Grant of Security Interest Each Pledgor hereby delivers to the Administrative Agent, for the benefit of the Secured Parties, all of such Pledgor's Pledged Stock and hereby grants to Administrative Agent, for the benefit of the Secured Parties, a first security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations.

  • Impairment of Security Interest Debtor will not take or fail to take any action which would in any manner impair the value or enforceability of Secured Party's security interest in any Collateral.

  • 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"):

  • Release of Security Interests Without limiting the generality of the foregoing and except as otherwise provided in this Indenture, each Guarantor hereby consents and agrees, to the fullest extent permitted by applicable law, that the rights of the Trustee hereunder, and the liability of the Guarantors hereunder, shall not be affected by any and all releases for any purpose of any collateral, if any, from the Liens and security interests created by any collateral document and that this Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Indenture Obligations is rescinded or must otherwise be returned by the Trustee upon the insolvency, bankruptcy or reorganization of the Company or otherwise, all as though such payment had not been made.

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