Grant of Security Interests in Collateral Sample Clauses

Grant of Security Interests in Collateral. Grantor, as security for the full, prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations, hereby grants, collaterally assigns, mortgages, pledges and hypothecates to the Secured Party for the benefit of itself, the Issuing Bank and each of the Lenders, and grants to the Secured Party for the benefit of itself, the Issuing Bank and each of the Lenders a lien on and security interest in, all of Grantor’s right, title and interest in, to and under the Collateral.
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Grant of Security Interests in Collateral. To secure the Companies' prompt payment when due of all principal and interest and all other amounts payable under the Note and the Guaranty and performance of all other obligations, covenants, liabilities, duties, loans and advances of the Companies to the Secured Party under the Note and the Guaranty and to secure all amounts payable and performance of all other obligations, covenants, liabilities and duties of the Companies arising under any preferred stock issued to Secured Party in exchange for the Note, or any portion thereof (collectively, the "Obligations") the Companies hereby grant to the Secured Party a continuing security interest (the "Lien") in all existing and future assets, and all accessions, additions, and accretions thereto, and products, proceeds, replacements and substitutions thereof, including but not limited to, the assets and properties described on Schedule 1 attached hereto (collectively, the "Collateral").
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Grant of Security Interests in Collateral. To secure the Companies' prompt payment when due of all principal and interest and all other amounts payable under the Note and the Guaranty and performance of all other obligations of the Companies under the Note and the Guaranty (collectively, the "Obligations") and for $1.00 and other consideration, receipt of which is hereby acknowledged, the Companies hereby grant to the Secured Party a continuing second lien security interest (the "Second Lien") in all present Classic Radio Assets and all accretions thereto and products, proceeds and replacements and substitutions thereof, including but not limited to the assets and properties described on Schedule 1 attached hereto (the "Collateral") to the extent of the Obligations. The Second Lien shall be junior and subordinate to the security interests of Fleet National Bank, as administrative agent, and the lenders under the Credit Agreement dated as of the date hereof (as amended, modified or supplemented from time to time, the "Credit Agreement") by and among ABC, Fleet National Bank, as administrative agent, and such other lenders from time to time party to the Credit Agreement, (the "Senior Obligations", which term shall include, without limitation, all principal, interest (including post-petition), fees, costs and expenses whether or not currently contemplated), and senior and prior in all respects to the Amari Security Interest. Persons at any time having or acquiring any right or interest in any of the Senior Obligations shall hereafter be referred to as the "Senior Parties". Notwithstanding the foregoing, the Second Lien shall not be subordinate to any other security interest in the Collateral hereafter granted by the Companies other than to the Senior Parties, including, without limitation, any security interest granted to selling third parties in consideration for the sale of assets or securities of such selling third parties to one of the Companies or in connection with the merger or consolidation of another company with and into one of the Companies. Subject to the provisions of the Note and the Credit Agreement, the Companies shall be free to sell the Collateral (excluding the proceeds thereof) in the ordinary course of business without restriction. However, a sale in the ordinary course of business does not include a transfer in partial or total satisfaction of a debt or any bulk sale.
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Grant of Security Interests in Collateral. To secure the Companies' prompt payment when due of all principal and interest and all other amounts payable under the Notes and the Guaranty and performance of all other obligations, covenants, liabilities, duties, loans and advances of the Companies to the Secured Party under the Notes and the Guaranty and to secure all amounts payable and performance of all other obligations, covenants, liabilities and duties of the Companies arising under any preferred stock issued to Secured Party in exchange for the Notes, or any portion thereof (collectively, the "Obligations") the Companies hereby grant to the Secured Party a continuing security interest (the "Lien") in all existing and future assets (other than cash, accounts receivable and inventory) and all accessions, additions and accretions thereto and products, proceeds and replacements and substitutions thereof, including but not limited to the assets and properties described on Schedule 1 attached hereto (collectively, the "Collateral"). Notwithstanding anything herein to the contrary, the term "
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Related to Grant of Security Interests in Collateral

  • Perfection of Security Interests in the Collateral The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens.

  • Grant of Security Interest in Collateral As an inducement for the Secured Parties to extend the loans as evidenced by the Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

  • Security Interests in Collateral To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant to the Security Documents.

  • Grant of Security Interests (a) As security for the prompt and complete payment and performance when due of all of the Obligations, each Assignor does hereby assign and transfer unto the Collateral Agent, and does hereby grant to the Collateral Agent for the benefit of the Secured Creditors, upon the terms and subject to the conditions of this Agreement and further subject to the provisions of the Intercreditor Agreement, a continuing security interest (subject to Liens to the extent permitted under the terms of all Secured Debt Documents from time to time in effect) in, all of the right, title and interest of such Assignor in, to and under all of the following, whether now existing or hereafter from time to time acquired: (i) each and every Receivable, (ii) all Contracts, together with all Contract Rights arising thereunder (in each case except to the extent constituting Excluded Collateral), (iii) all Inventory, (iv) the Cash Collateral Account established with the Collateral Agent for such Assignor and all monies, securities, investments and instruments deposited or required to be deposited in such Cash Collateral Account, (v) all present and future bank accounts of such Assignor including, without limitation, any demand, time savings, passbook, certificates of deposit, or like accounts maintained by such Assignor with any bank, savings and loan association, credit union or other organization, all money, cash and checks, drafts, notes, bills, bills of exchange, securities, investments, bonds or other instruments, writings or property of such Assignor from time to time received, receivable or otherwise distributed in respect thereof, in renewal or extension thereof, or in exchange therefor, whether or not deposited in any such deposit account (collectively, in each case, except to the extent constituting Excluded Collateral, the "Pledged Accounts"), (vi) all Equipment, (vii) all Fixtures, (viii) all Marks, together with the registrations and right to all renewals thereof, and the goodwill of the business of such Assignor symbolized by the Marks, and all licenses of rights associated therewith, (ix) all Patents and Copyrights, and all reissues, renewals or extensions thereof, (x) all computer programs of such Assignor and all intellectual property rights therein and all other proprietary information of such Assignor, including, but not limited to, trade secrets, (xi) all other Goods, General Intangibles, Permits (other than the Casino Operating Contract), Chattel Paper, Investment Property and Documents, (xii) all Proceeds and products of any and all of the foregoing and (xiii) all other personal property of any Assignor of any nature whatsoever, including, without limitation, all accounts, bank accounts, deposits, credit balances, contract rights, inventory, general intangibles, goods, equipment, instruments, chattel paper, machinery, furniture, furnishings, fixtures, tools, supplies, appliances, plans and drawings and all property from time to

  • Pledge; Grant of Security Interest As collateral security for the payment and performance in full of all the Secured Obligations, each Grantor hereby pledges and grants to the Collateral Agent for its benefit and for the benefit of the other Credit Parties, a lien on and security interest in and to all of the right, title and interest of such Grantor in, to and under all of such Grantor’s personal property and interests in such personal property, wherever located, and whether now existing or hereafter arising or acquired from time to time (collectively, the “Collateral”), including, without limitation: (a) all Accounts; (b) all Goods, including Equipment, Inventory and Fixtures; (c) all Documents, Instruments and Chattel Paper; (d) all Letters of Credit and Letter-of-Credit Rights; (e) all Securities Collateral; (f) all Investment Property; (g) all Intellectual Property Collateral; (h) all Commercial Tort Claims, including, without limitation, those described in Section IV of the Perfection Certificate; (i) all General Intangibles; (j) all Deposit Accounts; (k) all Supporting Obligations; (l) all books and records relating to the Collateral; and (m) to the extent not covered by clauses (a) through (l) of this sentence, all other personal property of such Grantor, whether tangible or intangible and all Proceeds and products of each of the foregoing and all accessions to, substitutions and replacements for, and rents, profits and products of, each of the foregoing, any and all proceeds of any insurance, indemnity, warranty or guaranty payable to such Grantor from time to time with respect to any of the foregoing. Notwithstanding anything to the contrary contained in clauses (a) through (m) above, the security interest created by this Security Agreement shall not extend to, and the term “Collateral” shall not include, any Excluded Property and the Grantors shall from time to time at the request of the Collateral Agent give written notice to the Collateral Agent identifying in reasonable detail the Excluded Property and shall provide to the Collateral Agent such other information regarding the Excluded Property as the Collateral Agent may reasonably request.