Common use of Grant of Security Interest Clause in Contracts

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”"SECURITY INTEREST").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral Collateral, subject to any current UCC-1 on file for the assets on the Company’s subsidiary (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase the Notes Amended Note and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each of the Company Debtors hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s Debtors’ right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral Collateral, subject to any current UCC-1 on file for the assets on the Company's subsidiary (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”"SECURITY INTEREST").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security "SECURITY Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”"). In the event that the Company obtains an institutional line of credit, the Security Interest shall be subordinated to the security interest of the institutional lender.

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature (including, without limitation, all of Clickable Oil, Inc.’s rights) in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”). In the event that the Company obtains an institutional line of credit, the Security Interest shall be subordinated to the security interest of the institutional lender.

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”"SECURITY INTEREST").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security "SECURITY Interest”").

Grant of Security Interest. As an inducement for the Secured Party to -------------------------- purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase the Notes execute a Note and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the ObligationsIndebtedness, the Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to ----------------------------- purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").. -----------------

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature (including, without limitation, all of Peak Entertainment Ltd.'s rights) in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company Debtors hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the CompanyDebtor’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to -------------------------- purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").. -----------------

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature (including, without limitation, all of Clickable Oil, Inc.'s rights) in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-set- off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase the Senior 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured PartyParty and together with the holders of the Note, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral subject to future debt, purchase order or receivable financing (the “Security Interest”), which such Security Interest shall be subject to existing liens.

Grant of Security Interest. As an inducement for the Secured Party -------------------------- to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").. -----------------

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 subject to Permitted Liens, Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase the Notes Debenture and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to all of the Company’s assets, including the real property which is the subject of the Quitclaim Deed (as defined in the Asset Purchase Agreement) and the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”"). 3.

Grant of Security Interest. As an inducement for the Secured Party Parties to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured PartyParties, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company Subsidiary hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing senior security interest in, a continuing first lien upon, an unqualified right to possession and disposition of of, and a right of set-off against, in each case to the fullest extent permitted by law, all of the CompanySubsidiary’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the -------------------------- Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party Parties to purchase the Secured 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured PartyParties, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to to, the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase the Notes and to To secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, except for Permitted Liens (as hereinafter defined), the Company Obligor hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the CompanyObligor’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company and the Subsidiary hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for to complete the Secured Party to purchase transaction contemplated by the Notes Purchase Agreement, and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company Borrower hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured PartyLender, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the CompanyBorrower’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party Lender to purchase 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 Company Borrower hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured PartyLender, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the CompanyBorrower’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase enter into 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral subject to existing security liens and future debt, purchase order or receivable financing (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants grams and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off set­off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase the Notes Debentures and to secure the complete and timely payment, payment and performance and discharge in fullfull thereof, as the case may be, of all of the Obligations, the Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an a further inducement for the Secured Party to purchase 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 Company Grantor hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, Party a continuing senior first priority security interest in, a and continuing first lien upon, an unqualified all right to possession and disposition of of, and a right of set-off against, in each case to the fullest extent permitted by law, all of the CompanyGrantor’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off set­off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”). In the event that the Company obtains an institutional line of credit, the Security Interest shall be subordinated to the security interest of the institutional lender.

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing senior security interest in, a continuing first lien upon, an unqualified right to possession and disposition of of, and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).

Grant of Security Interest. As an inducement for the Secured Party Parties to purchase 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 Company hereby, hereby unconditionally and irrevocably, irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured PartyParties, for the ratable benefit of the Secured Parties a security interest in and to, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of upon and a right of set-off against, in each case to the fullest extent permitted by law, against all of the Company’s their respective right, title and interest of whatsoever kind and nature in and to to, the Collateral (a “Security Interest” and, collectively, the “Security InterestInterests”).

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (other than the “Excluded Assets), subject to any current UCC-1 on file for the assets on the Company's subsidiary (the "Security Interest”").

Grant of Security Interest. (i) As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing first priority security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-set- off against, in each case to the fullest extent permitted by law, all of the Company’s 's right, title and interest of whatsoever kind and nature in and to the Collateral (the “"Security Interest”").

Grant of Security Interest. As an inducement for the Secured Party to purchase make the Notes Loan 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 Company hereby, unconditionally and irrevocably, pledges, grants and hypothecates to the Secured Party, a continuing security interest in, a continuing first lien upon, an unqualified right to possession and disposition of and a right of set-off against, in each case to the fullest extent permitted by law, all of the each Company’s right, title and interest of whatsoever kind and nature in and to the Collateral (the “Security Interest”).