Common use of Grant of Security in the Collateral Clause in Contracts

Grant of Security in the Collateral. To secure the payment and performance in full of all of the Obligations, Borrower hereby Grants to Lender a continuing security interest and Lien on and with respect to any and all right, title and interest of Borrower in and to the Collateral (including the Principal Agreements but only as provided in the next sentence below), whether now owned and existing or hereafter acquired or arising; all additions and accessions thereto, substitutions therefor and replacements and improvements of or to any or all of the foregoing; and all products and Proceeds of the foregoing. In the event and to the extent that Borrower now or hereafter may Grant a security interest in or other Lien on its rights under any Principal Agreement without Conflicting with such Principal Agreement, either because the terms of such Principal Agreement do not restrict such Grant, or each of the other parties thereto have consented to such Grant or applicable Law permits such Grant, or for any other reason, then Borrower hereby Grants to Lender such Lien in such Principal Agreements, whether now owned or hereafter acquired, and all Proceeds thereof. Borrower hereby authorizes Lender to file the Financing Statements in the Filing Offices or in such other locations as Lender may now or hereafter deem appropriate in its Sole Discretion.

Grant of Security in the Collateral. To secure the payment and performance in full of all of the Obligations, each Borrower has previously Granted (pursuant to the Original Credit Agreement or Prior Credit Agreement) and does hereby Grants Grant to Lender Administrative Agent for the benefit of the Holders of the Obligations a continuing security interest and Lien on and with respect to any and all right, title and interest of each such Borrower in and to the Collateral (including the Principal Agreements but only as provided in the next sentence belowbelow and including the Collateral acquired pursuant to the Acquisition Agreement), whether now owned and existing or hereafter acquired or arising; all additions and accessions thereto, substitutions therefor and replacements and improvements of or to any or all of the foregoing; and all products and Proceeds of the foregoing. In the event and to the extent that any Borrower now or hereafter may Grant a security interest in or other Lien on its rights under any Principal Agreement without Conflicting with such Principal Agreement, either because the terms of such Principal Agreement do not restrict such Grant, or each of the other parties thereto have has consented to such Grant or applicable Law permits such Grant, or for any other reason, then such Borrower hereby Grants to Lender Administrative Agent for the benefit of the Holders of the Obligations such Lien in such Principal Agreements, whether now owned or hereafter acquired, and all Proceeds thereof. Each Borrower hereby authorizes Lender Administrative Agent, on behalf of the Holders of the Obligations, to file the Financing Statements (or any amendments, supplements or replacements thereto or thereof as Administrative Agent, on behalf of the Holders of the Obligations, may now or hereafter deem appropriate in its Sole Discretion) in the Filing Offices or in such other locations as Lender Administrative Agent, on behalf of the Holders of the Obligations, may now or hereafter deem appropriate in its Sole Discretion.

Grant of Security in the Collateral. To secure the payment and performance in full of all of the Obligations, each Borrower has previously Granted (pursuant to the Prior Credit Agreement) and does hereby Grants Grant to Lender Administrative Agent for the benefit of the Holders of the Obligations a continuing security interest and Lien on and with respect to any and all right, title and interest of each such Borrower in and to the Collateral (including the Principal Agreements but only as provided in the next sentence below), whether now owned and existing or hereafter acquired or arising; all additions and accessions thereto, substitutions therefor and replacements and improvements of or to any or all of the foregoing; and all products and Proceeds of the foregoing. In the event and to the extent that any Borrower now or hereafter may Grant a security interest in or other Lien on its rights under any Principal Agreement without Conflicting with such Principal Agreement, either because the terms of such Principal Agreement do not restrict such Grant, or each of the other parties thereto have has consented to such Grant or applicable Law permits such Grant, or for any other reason, then such Borrower hereby Grants to Lender Administrative Agent for the benefit of the Holders of the Obligations such Lien in such Principal Agreements, whether now owned or hereafter acquired, and all Proceeds thereof. Each Borrower hereby authorizes Lender Administrative Agent, on behalf of the Holders of the Obligations, to file the Financing Statements (or any amendments, supplements or replacements thereto or thereof as Administrative Agent, on behalf of the Holders of the Obligations, may now or hereafter deem appropriate in its Sole Discretion) in the Filing Offices or in such other locations as Lender Administrative Agent, on behalf of the Holders of the Obligations, may now or hereafter deem appropriate in its Sole Discretion.

Grant of Security in the Collateral. To secure the payment and performance in full of all of the Obligations, each Borrower has previously Granted (pursuant to the Prior Credit Agreement) and does hereby Grants Grant to Lender Administrative Agent for the benefit of Lenders a continuing security interest and Lien on and with respect to any and all right, title and interest of each such Borrower in and to the Collateral (including the Principal Agreements but only as provided in the next sentence below), whether now owned and existing or hereafter acquired or arising; all additions and accessions thereto, substitutions therefor and replacements and improvements of or to any or all of the foregoing; and all products and Proceeds of the foregoing. In the event and to the extent that any Borrower now or hereafter may Grant a security interest in or other Lien on its rights under any Principal Agreement without Conflicting with such Principal Agreement, either because the terms of such Principal Agreement do not restrict such Grant, or each of the other parties thereto have has consented to such Grant or applicable Law permits such Grant, or for any other reason, then such Borrower hereby Grants to Lender Administrative Agent for the benefit of Lenders such Lien in such Principal Agreements, whether now owned or hereafter acquired, and all Proceeds thereof. Each Borrower hereby authorizes Lender Administrative Agent, on behalf of the Lenders, to file the Financing Statements (or any amendments, supplements or replacements thereto or thereof as Administrative Agent, on behalf of the Lenders, may now or hereafter deem appropriate in its Sole Discretion) in the Filing Offices or in such other locations as Lender Administrative Agent, on behalf of the Lenders, may now or hereafter deem appropriate in its Sole Discretion.

Grant of Security in the Collateral. To secure the payment and performance in full of all of the Obligations, Borrower each of the Borrowers and their Subsidiaries hereby Grants to Lender the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest and Lien on and with respect to any and all right, title and interest of such Borrower or Subsidiary in and to the Collateral (including the Principal Agreements but Agreements, franchise agreements, Licenses and Leases but, in each case, only as provided in the next sentence below), whether now owned and existing or hereafter acquired or arising; all additions and accessions thereto, substitutions therefor and replacements and improvements of or to any or all of the foregoing; and all products and Proceeds of the foregoing. In the event and to the extent that the applicable Borrower or Subsidiary now or hereafter may Grant a security interest in or other Lien on its rights under any Principal Agreement Agreement, franchise agreement, License or Lease without Conflicting with such Principal Agreement, franchise agreement, License or Lease, either because the terms of such Principal Agreement the same do not restrict such Grant, or each of the other parties thereto have consented to such Grant or applicable Law permits such Grant, or for any other reason, then such Borrower or Subsidiary hereby Grants to Lender the Administrative Agent, for the benefit of the Secured Parties, such Lien in such Principal Agreements, franchise agreements, Licenses or Leases, whether now owned or hereafter acquired, and all Proceeds thereof. Borrower Each of the Borrowers and their Subsidiaries hereby authorizes Lender the Administrative Agent, on behalf of the Secured Parties, to file the Financing Statements in the Filing Offices or in such other locations as Lender the Administrative Agent, on behalf of the Secured Parties, may now or hereafter deem appropriate in its Sole Discretion.