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

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 11 contracts

Sources: Second Lien Guaranty and Security Agreement (Westwood One Inc /De/), Guaranty and Security Agreement (Westwood One Inc /De/), Guaranty and Security Agreement (Alere Inc.)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Collateral Agent for the benefit of the Secured Parties, and grants to the Administrative Collateral Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 6 contracts

Sources: Credit Agreement (Francesca's Holdings CORP), Credit Agreement (Francesca's Holdings CORP), Credit Agreement (Francesca's Holdings CORP)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent Collateral Agent, as agent for the benefit of the Secured Purchaser Parties, and grants to the Administrative Agent Collateral Agent, as agent for the benefit of the Secured Parties Purchaser Parties, a Lien on and security interest in, all of its rightrights, title and interest interests in, to and under the Collateral of such Grantor.

Appears in 3 contracts

Sources: Security Agreement (Profusa, Inc.), Security Agreement (ReShape Lifesciences Inc.), Security Agreement (Vsee Health, Inc.)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured PartiesParty, and grants to the Administrative Agent for the benefit of the Secured Parties Party a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 3 contracts

Sources: Security Agreement (AtlasClear Holdings, Inc.), Security Agreement (Palm Harbor Homes Inc /Fl/), Security Agreement (Cavco Industries Inc)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 2 contracts

Sources: Security Agreement (AgeX Therapeutics, Inc.), Security Agreement (AgeX Therapeutics, Inc.)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Collateral Agent for the benefit of the Secured Parties, and grants to the Administrative Collateral Agent for the benefit of the Secured Parties a Lien lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Cit Group Inc), Amendment Agreement (Cit Group Inc)

Grant of Security Interest in Collateral. Each The Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such the Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent Collateral Agent, as agent for the benefit of the Secured Purchaser Parties, and grants to the Administrative Agent Collateral Agent, as agent for the benefit of the Secured Parties Purchaser Parties, a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such the Grantor.

Appears in 2 contracts

Sources: Security Agreement (Chromocell Therapeutics Corp), Security Agreement (Chromocell Therapeutics Corp)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Guaranteed Obligations of such Grantor (the “Secured Obligations”)Grantor, hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured PartiesBuyer, and grants to the Administrative Agent for the benefit of the Secured Parties Buyer a Lien lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 2 contracts

Sources: Guarantor Pledge and Security Agreement (KBS Real Estate Investment Trust, Inc.), Guarantor Pledge and Security Agreement (KBS Real Estate Investment Trust, Inc.)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured PartiesLender, and grants to the Administrative Agent for the benefit of the Secured Parties Lender a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 2 contracts

Sources: Master Reaffirmation Agreement (Zoe's Kitchen, Inc.), Master Reaffirmation Agreement (Zoe's Kitchen, Inc.)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations of such Grantor (the “Secured Obligations”)Grantor, hereby collaterally assigns, mortgages, pledges and hypothecates to the Administrative Collateral Agent for the benefit of the Secured Parties, and grants to the Administrative Collateral Agent for the benefit of the Secured Parties a Lien lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 2 contracts

Sources: Security Agreement (Merisant Worldwide, Inc.), Security Agreement (Merisant Co)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the "Secured Obligations"), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 2 contracts

Sources: Guaranty, Pledge and Security Agreement (PROS Holdings, Inc.), First Lien Guaranty and Security Agreement (Inverness Medical Innovations Inc)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”)Grantor, hereby collaterally assigns, mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties a Lien lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 2 contracts

Sources: Pledge and Security Agreement (Foamex L P), Pledge and Security Agreement (Foamex L P)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent Purchaser Agent, as agent for the benefit of the Secured Parties, and grants to the Administrative Agent Purchaser Agent, as agent for the benefit of the Secured Parties Parties, a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 2 contracts

Sources: Security Agreement (Unique Logistics International Inc), Securities Purchase Agreement (Bergio International, Inc.)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations of the Company and of such Grantor (the “Secured Obligations”)Grantor, hereby mortgages, pledges and hypothecates to the Administrative Collateral Agent for the benefit of the Secured Parties, and grants to the Administrative Collateral Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 2 contracts

Sources: Security Agreement (Olympic-Cascade Publishing, Inc.), Security Agreement (Newsprint Ventures, Inc.)

Grant of Security Interest in Collateral. Each The Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured PartiesObligations, hereby pledges to the Secured Party, and grants to the Administrative Agent for the benefit of the Secured Parties Party, a Lien lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such GrantorCollateral.

Appears in 1 contract

Sources: Security Agreement (Conduit Pharmaceuticals Inc.)

Grant of Security Interest in Collateral. Each Grantor, as collateral As security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) in full of the Obligations of such Obligations, each Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent Collateral Agent, for the ratable benefit of the Notes Secured Parties, and hereby grants to the Administrative Agent Collateral Agent, for the ratable benefit of the Notes Secured Parties Parties, a Lien on and security interest in, all of its such Grantor’s right, title and interest in, to and under the Collateral of such Grantor, wherever located, whether now existing or hereafter arising or acquired from time to time.

Appears in 1 contract

Sources: Security Agreement (Fairpoint Communications Inc)

Grant of Security Interest in Collateral. Each Grantor, as collateral As security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) in full of the Obligations of such Obligations, each Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent Agent, for the ratable benefit of the Secured Parties, and hereby grants to the Administrative Agent Agent, for the ratable benefit of the Secured Parties Parties, a Lien on and security interest in, all of its such Grantor’s right, title and interest in, to and under the Collateral of such Grantor, wherever located, whether now existing or hereafter arising or acquired from time to time.

Appears in 1 contract

Sources: Security Agreement (Fairpoint Communications Inc)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent and Collateral Agent for the benefit of the Secured Parties, and grants to the Administrative Agent and Collateral Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Dayton Superior Corp)

Grant of Security Interest in Collateral. Each Grantor, as As collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor's Obligations, each Grantor (the “Secured Obligations”), hereby mortgages, pledges assigns and hypothecates transfers to the Administrative Agent for the benefit of the Secured PartiesCollateral Agent, and grants to the Administrative Collateral Agent for the ratable benefit of the Secured Parties Agents and the Lenders, a Lien on and security interest in, in all of its right, title and interest in, to and under the Collateral of such GrantorCollateral.

Appears in 1 contract

Sources: Guarantee and Collateral Agreement (Grand Union Co /De/)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured PartiesAgent, and grants to the Administrative Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Security Agreement (Schiff Nutrition International, Inc.)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the "Secured Obligations"), hereby mortgages, pledges and hypothecates to the Administrative Agent Collateral Agent, for the benefit of the Secured Parties, and grants to the Administrative Agent Collateral Agent, for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Guaranty and Security Agreement (Goamerica Inc)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent Collateral Agent, as agent for the benefit of the Secured Purchaser Parties, and grants to the Administrative Agent Collateral Agent, as agent for the benefit of the Secured Parties Purchaser Parties, a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Security Agreement (Unrivaled Brands, Inc.)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Collateral Agent for the benefit of the Secured Parties, and grants to the Administrative Collateral Agent for the benefit of the Secured Parties Parties, a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Credit Agreement (Midwest Holding Inc.)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Guaranty and Security Agreement (Assisted Living Concepts Inc)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured PartiesParty, and grants to the Administrative Agent for the benefit of the Secured Parties Party a Lien lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such GrantorCollateral.

Appears in 1 contract

Sources: Credit Agreement (Peak Resorts Inc)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Collateral Agent for the benefit of the Secured Parties, and grants to the Administrative Collateral Agent for the benefit of the Secured Parties a second priority Lien on and second priority security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Guaranty and Security Agreement (Princeton Review Inc)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations and the Guaranteed Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent Agent, for the benefit of the Secured Parties Parties, a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Guaranty and Security Agreement (Einstein Noah Restaurant Group Inc)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Security Agreement (Unisys Corp)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties Parties, a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Guaranty and Security Agreement (University Club, Inc. (FL))

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby collaterally assigns, mortgages, pledges and hypothecates to the Administrative Collateral Agent for the benefit of itself and the Secured PartiesLenders, and grants to the Administrative Collateral Agent for the benefit of itself and the Secured Parties Lenders a Lien lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Security Agreement (Interep National Radio Sales Inc)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent Purchaser Agent, as agent for the benefit of the Secured Parties, and grants to the Administrative Agent Purchaser Agent, as agent for the benefit of the Secured Parties Parties, a first priority, perfected Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Security Agreement (Fresh Vine Wine, Inc.)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Grantor’s Obligations”), hereby collaterally assigns, mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties Parties, a Lien lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such GrantorCollateral.

Appears in 1 contract

Sources: Guarantee and Security Agreement (Trans Energy Inc)

Grant of Security Interest in Collateral. Each Effective immediately upon the completion of the Business Combination, each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured PartiesParty, and grants to the Administrative Agent for the benefit of the Secured Parties Party a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Security Agreement (Qt Imaging Holdings, Inc.)

Grant of Security Interest in Collateral. Each Grantor, as As collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Obligations, the Grantor (the “Secured Obligations”)hereby collaterally assigns, hereby conveys, mortgages, pledges pledges, hypothecates and hypothecates transfers to the Administrative Agent Collateral Agent, and grants to the Collateral Agent, for the ratable benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties a Lien on and security interest in, in all of its right, title and interest in, to and under the Collateral of such GrantorCollateral.

Appears in 1 contract

Sources: Pledge and Security Agreement (Contifinancial Corp)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturitymaturity or earlier, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties Parties, a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Security and Pledge Agreement (Cambium Networks Corp)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Priority Lien Obligations of such Grantor (the “Secured Obligations”)Grantor, hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent Collateral Trustee for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.. Article VII

Appears in 1 contract

Sources: Security Agreement (Unisys Corp)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Ad- ministrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Guaranty and Security Agreement (Townsquare Media, Inc.)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured PartiesLender, and grants to the Administrative Agent for the benefit of the Secured Parties Lender a first priority Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor.

Appears in 1 contract

Sources: Guaranty and Security Agreement (Signal Genetics LLC)

Grant of Security Interest in Collateral. Each The Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured PartiesParty, and grants to the Administrative Agent for the benefit of the Secured Parties Party, a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such the Grantor. This Agreement secures, and the Collateral is collateral security for, the payment and performance in full when due of the Secured Obligations.

Appears in 1 contract

Sources: Security Agreement (UA Granite Corp)

Grant of Security Interest in Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Obligations of such Grantor (the “Secured Obligations”), hereby mortgages, pledges and hypothecates to the Administrative Agent for the benefit of the Secured Parties, and grants to the Administrative Agent for the benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such Grantor. PARLUX LTD.

Appears in 1 contract

Sources: Guaranty and Security Agreement (Parlux Fragrances Inc)

Grant of Security Interest in Collateral. Each The Grantor, as collateral security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Note Obligations of such Grantor (the “Secured Obligations”)Grantor, hereby mortgages, pledges and hypothecates to the Administrative Collateral Agent for the benefit of the Secured Parties, and grants to the Administrative Collateral Agent for the benefit of the Secured Parties a Lien lien on and security interest in, all of its right, title and interest in, to and under the Collateral of such the Grantor.

Appears in 1 contract

Sources: Account Pledge and Security Agreement (China Natural Gas, Inc.)