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

Grant of Security Interest in Collateral. As an inducement for the Holders 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, the Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent for the ratable benefit of the Holders a security interest in and to, a lien upon and a right of set-off against all of the Debtor’s right, title and interest of whatsoever kind and nature in and to, the Collateral.

Grant of Security Interest in Collateral. As an inducement for the Holders 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, the Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent for the ratable benefit of the Holders a security interest in and to, a lien upon and a right of set-off against all of the Debtor’s right, title and interest of whatsoever kind and nature in and to, the CollateralCollateral (the “Security Interest”).

Grant of Security Interest in Collateral. As an inducement for the Holders Lender 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, the each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent for the ratable benefit of the Holders Lender, a security interest in and to, a lien upon upon, and a right of set-off against against, all of the Debtor’s its right, title and interest of whatsoever kind and nature in and to, to the CollateralCollateral (the "Security Interests").

Grant of Security Interest in Collateral. As an inducement for the Holders 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, the each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent for the ratable benefit of the Holders Secured Parties a continuing security interest in and to, a lien upon upon, and a right of set-off against against, all of the Debtor’s their respective right, title and interest of whatsoever kind and nature in and to, the CollateralCollateral (the “Security Interest”).

Grant of Security Interest in Collateral. As an inducement for the Holders Holder to extend the loans 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, the Debtor Debtors hereby unconditionally and irrevocably pledgespledge, grants grant and hypothecates hypothecate to the Agent for the ratable benefit of the Holders Holder a security interest Security Interest in and to, a lien upon and a right of set-off against all of the Debtor’s right, title and interest of whatsoever kind and nature in and to, the Collateral.

Grant of Security Interest in Collateral. As an inducement for the Holders 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, the each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent for the ratable benefit of the Holders Secured Parties a continuing security interest in and to, a lien upon and a right of set-off against all of the Debtor’s their respective right, title and interest of whatsoever kind and nature in and to, the CollateralCollateral (the “Security Interest”).