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

Grant of Security Interest in Collateral. To secure the prompt and Full Payment and performance of all of the Obligations, Borrower hereby grants to Lender a continuing security interest in and Lien upon all of the assets of Borrower, whether now owned or existing or hereafter created, acquired or arising (irrespective of whether the same existed on or was created or acquired after the Effective Date), including the following Property and interests in Property of Borrower:

Appears in 2 contracts

Samples: Loan and Security Agreement (Health Systems Solutions Inc), Loan and Security Agreement (Health Systems Solutions Inc)

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Grant of Security Interest in Collateral. To secure the prompt and Full Payment and performance of all of the Obligations, each Borrower hereby grants to Lender Lender, a continuing security interest in and Lien upon all of the assets following Property and interests in Property of such Borrower, whether now owned or existing or hereafter created, acquired or arising (irrespective of whether the same existed on or was created or acquired after the Effective Petition Date), including the following Property and interests in Property of Borrower:):

Appears in 2 contracts

Samples: Possession Credit Agreement (Peregrine Systems Inc), BMC Software Inc

Grant of Security Interest in Collateral. To secure the prompt and Full Payment payment and performance of all of the Obligations, each Borrower hereby grants to Lender, for the benefit of itself as Lender and as agent for Bank and each Affiliate of Lender and Bank, a continuing security interest in and Lien upon all of such Borrower’s personal property, including all of the assets following Property and interests in Property of such Borrower, whether now owned or existing or hereafter created, acquired or arising (irrespective of whether the same existed on or was created or acquired after the Effective Date), including the following Property and interests in Property of Borrowerwheresoever located:

Appears in 1 contract

Samples: Loan and Security Agreement (Artesyn Technologies Inc)

Grant of Security Interest in Collateral. To secure the prompt and Full Payment and performance of all of the Obligations, Borrower hereby grants to Lender a continuing security interest in and Lien upon all of the assets of Borrower, whether now owned or existing or hereafter created, acquired or arising (irrespective of whether the same existed on or was created or acquired after the Effective Petition Date), including the following Property and interests in Property of Borrower:

Appears in 1 contract

Samples: Loan and Security Agreement (Elandia, Inc.)

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Grant of Security Interest in Collateral. To secure the prompt and Full Payment payment and performance to Lender of all of the Obligations, Borrower hereby grants to Lender a continuing security interest in and Lien upon all of the assets following Property and interests in Property of Borrower, whether now owned or existing or hereafter created, acquired or arising (irrespective of whether the same existed on or was created or acquired after the Effective Date), including the following Property and interests in Property of Borrowerwheresoever located:

Appears in 1 contract

Samples: Loan and Security Agreement (Miltope Group Inc)

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