Common use of Credit Security Clause in Contracts

Credit Security. As security for the payment and performance of the Credit Obligations, and in addition to and not in limitation of the Liens granted by the Obligors in the Security Agreement, each Obligor mortgages, pledges and collaterally grants and assigns to the Collateral Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and creates a security interest in favor of the Collateral Agent for the benefit of the Lenders and such holders in, all of such Obligor’s right, title and interest in and to (but none of its obligations or liabilities with respect to) the items and types of present and future property described in Sections 10.1.1 through 10.1.4 (subject, however, to Section 10.1.5), whether now owned or hereafter acquired, all of which shall be included in the term “Credit Security”:

Appears in 1 contract

Sources: Credit Agreement (Transmontaigne Inc)

Credit Security. As security for the payment and performance of the Credit Obligations, and in addition to and not in limitation of the Liens granted by the Obligors in the Security Agreement, each Obligor mortgages, pledges and collaterally grants and assigns to the Collateral Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and creates a security interest in favor of the Collateral Agent for the benefit of the Lenders and such holders in, all of such Obligor’s 's right, title and interest in and to (but none of its obligations or liabilities with respect to) the items and types of present and future property described in Sections 10.1.1 through 10.1.4 (subject, however, to Section 10.1.5), whether now owned or hereafter acquired, all of which shall be included in the term "Credit Security":

Appears in 1 contract

Sources: Credit Agreement (Transmontaigne Inc)