Common use of Grant of Perfected Security Interest Clause in Contracts

Grant of Perfected Security Interest. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties a continuing and perfected security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “Security Interest”).

Grant of Perfected Security Interest. As an inducement for the Secured Parties Party to extend the loans loan as evidenced by the Notes Note and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties Party a continuing and perfected security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “Security Interest”).

Grant of Perfected Security Interest. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties a continuing and perfected security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “"Security Interest”").

Grant of Perfected Security Interest. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each the Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties a continuing and perfected security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “Security Interest”).

Grant of Perfected Security Interest. As an inducement for the Secured Parties Party to extend the loans loan as evidenced by the Notes Note and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties Party a continuing and perfected security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral of such Debtor (the “Security Interest”).

Grant of Perfected Security Interest. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties a continuing and perfected security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “Security Interest”).

Grant of Perfected Security Interest. As an inducement for the Secured Parties Party to extend the loans loan as evidenced by the Notes Note and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties Party a continuing and perfected first priority security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “Security Interest”).

Grant of Perfected Security Interest. As an inducement for the Secured Parties Party to extend the loans as evidenced by the Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each the Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties Party a continuing and perfected security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “Security Interest”).

Grant of Perfected Security Interest. As an inducement for the Secured Parties Party to extend the loans as evidenced by the Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties Party a continuing and perfected security interest in and to, a lien upon and a right of set-off against all of their such Debtor’s respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “Security Interest”).

Grant of Perfected Security Interest. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor the Company hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties a continuing and perfected security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “"Security Interest”").

Grant of Perfected Security Interest. As an inducement for the Secured Parties to extend purchase the loans as evidenced by the Notes Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties a continuing and perfected (other than as provided herein) security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “"Security Interest”").

Grant of Perfected Security Interest. As an inducement for the Secured Parties Party to extend the loans as evidenced by the Notes Debenture and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each the Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties Party a continuing and perfected security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “"Security Interest”").

Grant of Perfected Security Interest. As an inducement for the Secured Parties Party to extend the loans loan as evidenced by the Notes Note and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties Party a continuing and perfected first priority security interest in (in certain of the Collateral) and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “Security Interest”).

Grant of Perfected Security Interest. As an inducement for the Secured Parties Party to extend the loans Loans as evidenced by the Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties Party a continuing and perfected security interest in and to, a lien upon and a right of set-off against all of their such Debtor’s respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “Security Interest”). 3.

Grant of Perfected Security Interest. As an inducement for the Secured Parties Party to extend the loans loan as evidenced by the Notes Note and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties Party a continuing and perfected security interest in and to, a lien upon and a right of set-off against all of their such Debtor’s respective right, title and interest of whatsoever kind and nature in and to, the Collateral (the “Security Interest”).