Common use of Company Security Agreement Clause in Contracts

Company Security Agreement. The Obligations are and shall remain secured by a valid and enforceable first priority security interest and lien in and to all personal property of the Company, tangible and intangible, now owned and existing or hereafter acquired or arising, including, without limitation, all equipment, inventory, accounts receivable, investment property, and general intangibles and all proceeds and products thereof, which security interest (excepting as respects Collateral covered by the Company Pledge Agreement) has been and shall continue to be granted by the Company Security Agreement, subject only to liens and security interests described in the exceptions enumerated in Sections 5.02(b)(1) through (7) of this Agreement. In the event the Company owns or acquires tangible or intangible personal property that the Required Lenders deem is or may not be covered as collateral by the Company Security Agreement or the Company Pledge Agreement or in which the Required Lenders deem their security interest is or may not be perfected, the Company covenants and agrees promptly upon the request of the Agent to execute such other security instruments and documents and take such other actions as the Agent may require to grant to the Agent, for the ratable benefit of the Lenders and the Agent, a perfected security interest therein, all of which security instruments and documents shall be in form and substance satisfactory to the Agent and the Required Lenders in all respects.

Company Security Agreement. The Obligations are and shall remain secured by a valid and enforceable first priority security interest and lien in and to all personal property of the Company, tangible and intangible, now owned and existing or hereafter acquired or arising, including, without limitation, all equipment, inventory, accounts receivable, investment property, and general intangibles and all proceeds and products thereof, which security interest (excepting as respects Collateral covered by the Company Pledge Agreement) has been and shall continue to be granted by the Company Security Agreement, subject only to liens and security interests described in the exceptions enumerated in Sections subsections 5.02(b)(1) through (7) of this Agreement. In the event the Company owns or acquires tangible or intangible personal property that the Required Lenders Banks deem is or may not be covered as collateral by the Company Security Agreement or the Company Pledge Agreement or in which the Required Lenders Banks deem their security interest is or may not be perfected, the Company covenants and agrees promptly upon the request of the Agent to execute such other security instruments and documents and take such other actions as the Agent may require to grant to the Agent, for the ratable benefit of the Lenders Banks and the Agent, a perfected security interest therein, all of which security instruments and documents shall be in form and substance satisfactory to the Agent and the Required Lenders Banks in all respects.

Company Security Agreement. The Obligations are and shall remain secured by a valid and enforceable first priority security interest and lien in and to all personal property of the Company, tangible and intangible, now owned and existing or hereafter acquired or arising, including, without limitation, all equipment, inventory, accounts receivable, investment property, and general intangibles and all proceeds and products thereof, which security interest (excepting as respects Collateral covered by the Company Pledge Agreement) has been and shall continue to be granted by the Company Security Agreement, subject only to liens and security interests described in the exceptions enumerated in Sections subsections 5.02(b)(1) through (7) of this Agreement. In the event the Company owns or acquires tangible or intangible personal property that the Required Lenders deem is or may not be covered as collateral by the Company Security Agreement or the Company Pledge Agreement or in which the Required Lenders deem their security interest is or may not be perfected, the Company covenants and agrees promptly upon the request of the Agent to execute such other security instruments and documents and take such other actions as the Agent may require to grant to the Agent, for the ratable benefit of the Lenders and the Agent, a perfected security interest therein, all of which security instruments and documents shall be in form and substance satisfactory to the Agent and the Required Lenders in all respects.