Common use of Grant of Security Interests Clause in Contracts

Grant of Security Interests. In addition to the other rights provided in this Section 9.9, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the Loans), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board), without notice to Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, by notice to Agent (which underlying indebtedness to Borrower or their direct and indirect interests may be privately rated by one or more of the nationally recognized rating agencies); provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause (b) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Papa Murphy's Holdings, Inc.), Credit Agreement (Papa Murphy's Holdings, Inc.), Credit Agreement (Papa Murphy's Holdings, Inc.)

AutoNDA by SimpleDocs

Grant of Security Interests. In addition to the other rights provided in this Section 9.9SECTION 8.1, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the Loans), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board)) or other funding source in support of borrowings made by such Lender from such Person, without notice to the Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, 's Securities by notice to Agent (which underlying indebtedness to Borrower or their direct and indirect interests may be privately rated by one or more of the nationally recognized rating agencies)Agent; providedPROVIDED, howeverHOWEVER, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause CLAUSE (bB) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder.

Appears in 3 contracts

Samples: Credit Agreement (RadNet, Inc.), Credit Agreement (Primedex Health Systems Inc), Credit Agreement (Primedex Health Systems Inc)

Grant of Security Interests. In addition to the other rights provided in this Section 9.9SECTION 8.1, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the LoansTerm Loan C), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board)) or other funding source in support of borrowings made by such Lender from such Person, without notice to the Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, 's Securities by notice to Agent (which underlying indebtedness to Borrower or their direct and indirect interests may be privately rated by one or more of the nationally recognized rating agencies)Agent; provided, howeverHOWEVER, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause CLAUSE (bB) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (RadNet, Inc.), Credit Agreement (Primedex Health Systems Inc)

Grant of Security Interests. In addition to the other rights provided in this Section 9.9SECTION 8.1, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the LoansTerm Loan C), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board)) or other funding source in support of borrowings made by such Lender from such Person, without notice to the Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, 's Securities by notice to Agent (which underlying indebtedness to Borrower or their direct and indirect interests may be privately rated by one or more of the nationally recognized rating agencies)Agent; providedPROVIDED, howeverHOWEVER, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause CLAUSE (bB) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Primedex Health Systems Inc)

AutoNDA by SimpleDocs

Grant of Security Interests. In addition to the other rights provided in this Section 9.911.2, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the LoansLoans and any amounts on deposit in the DDTL Escrow Account), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board)) or other central banking authority with jurisdiction over such Lender, without notice to or the consent of the Administrative Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, 's Securities by notice (but without the consent of) to Agent (which underlying indebtedness to Borrower or their direct and indirect interests may be privately rated by one or more of the nationally recognized rating agencies)Administrative Agent; provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause (b) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder. Notice to or the consent of the Borrower shall not be required with respect to any grant or assignment made pursuant to this clause (e).

Appears in 1 contract

Samples: Credit Agreement (Cinedigm Digital Cinema Corp.)

Grant of Security Interests. In addition to the other rights provided in this Section 9.9, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the Loans), to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board)) or other central bank having jurisdiction over such Lender, without notice to Administrative Agent or (B) any holder of, or trustee for the benefit of the holders of, such Lender’s Indebtedness or equity securities, by notice to Agent (which underlying indebtedness to Borrower or their direct and indirect interests may be privately rated by one or more of the nationally recognized rating agencies)Administrative Agent; provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with clause (b) above), shall be entitled to any rights of such Lender hereunder and no such Lender shall be relieved of any of its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Axiall Corp/De/)

Time is Money Join Law Insider Premium to draft better contracts faster.