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

Grant of Security Interest in the Collateral. To secure the prompt payment and performance when due of the Secured Obligations: (a) Security Interest in Inventory, Receivables and General Intangibles and Equipment. Each of the Credit Parties hereby grants to the Collateral Agent for the benefit of the Banks a security interest in, and acknowledges and agrees that the Collateral Agent has and shall continue to have for the benefit of the Banks a continuing security interest, in any and all right, title and interest of each Credit Party in and to:

Grant of Security Interest in the Collateral. To secure the prompt payment and performance when due of As collateral security for the Secured Obligations: (a) Security Interest in InventoryObligations defined below, Receivables and General Intangibles and Equipment. Each of the Credit Parties each Debtor hereby grants to the Collateral Agent for the benefit of the Banks Secured Parties a lien on and security interest in, in and acknowledges and agrees that the Collateral Agent has and shall continue to have until the Termination Date for the benefit of the Banks Secured Parties a continuing lien on and security interestinterest in, in any and right of set-off against, all right, title title, and interest of each Credit Party such Debtor, whether now owned or existing or hereafter created, acquired or arising, in and toto all of the following:

Grant of Security Interest in the Collateral. To secure the prompt payment and performance when due of As collateral security for the Secured Obligations: (a) Security Interest Obligations defined in InventorySection 3 below, Receivables and General Intangibles and Equipment. Each of the Credit Parties each Debtor hereby grants to the Collateral Agent for the benefit of the Banks Secured Creditors a lien on and security interest in, and acknowledges and agrees that the Collateral Agent has and shall continue to have for the benefit of the Banks Secured Creditors a continuing lien on and security interestinterest in, in any and all right, title title, and interest of each Credit Party Debtor, whether now owned or existing or hereafter created, acquired or arising, in and toto all of the following: