Common use of Joint and Several Obligations of Grantors Clause in Contracts

Joint and Several Obligations of Grantors. (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 26 contracts

Samples: Security and Pledge Agreement (Bowman Consulting Group Ltd.), Security and Pledge Agreement (Good Times Restaurants Inc.), Security and Pledge Agreement (Irobot Corp)

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Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 23, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under holders of the Credit AgreementSecured Obligations, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 15 contracts

Samples: Security Agreement (Fti Consulting Inc), Security Agreement (Fti Consulting Inc), Credit Agreement (Ipayment Inc)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 25, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under holders of the Credit AgreementSecured Obligations, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 15 contracts

Samples: Security Agreement (Armstrong World Industries Inc), Security Agreement (Armstrong World Industries Inc), Security Agreement (Pike Electric CORP)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 24, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under holders of the Credit AgreementSecured Obligations, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 9 contracts

Samples: Security Agreement (Ryman Hospitality Properties, Inc.), Intercreditor Agreement (Ardent Health Partners, LLC), Term Loan Credit Agreement (Ardent Health Partners, LLC)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 23, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under the Credit AgreementSecured Parties, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 8 contracts

Samples: Security Agreement (Louisiana-Pacific Corp), Security Agreement (Amedisys Inc), Security Agreement (Establishment Labs Holdings Inc.)

Joint and Several Obligations of Grantors. (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations to be provided by the Lenders Secured Party under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 5 contracts

Samples: Amended and Restated Security Agreement (Air T Inc), Security Agreement, Amended and Restated Security Agreement (Air T Inc)

Joint and Several Obligations of Grantors. (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under holders of the Credit AgreementSecured Obligations, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 4 contracts

Samples: Security Agreement (School Specialty Inc), Security Agreement (Renal Care Group Inc), Security Agreement (Renal Care Group Inc)

Joint and Several Obligations of Grantors. (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations to be provided by the Lenders Lender under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 4 contracts

Samples: Security and Pledge Agreement (Bowman Consulting Group Ltd.), Security and Pledge Agreement, Security and Pledge Agreement (Inseego Corp.)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 24, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under the Credit AgreementSecured Parties, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 3 contracts

Samples: Credit Agreement (Wageworks, Inc.), Credit Agreement (Wageworks, Inc.), Security Agreement (Active Network Inc)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 27, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under the Credit AgreementSecured Parties, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 3 contracts

Samples: Security Agreement (NOODLES & Co), Security Agreement (NOODLES & Co), Security Agreement (NOODLES & Co)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 22, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under holders of the Credit AgreementSecured Obligations, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 3 contracts

Samples: Security Agreement (School Specialty Inc), Security Agreement (Huron Consulting Group Inc.), Credit Agreement (North American Pipe Corp)

Joint and Several Obligations of Grantors. (a) Each Subject to Section 23(c), each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under the Credit AgreementSecured Parties, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 3 contracts

Samples: Security Agreement (Dermira, Inc.), Security Agreement (Kala Pharmaceuticals, Inc.), Security Agreement (Recro Pharma, Inc.)

Joint and Several Obligations of Grantors. (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations to be provided by the Lenders Secured Parties under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Hain Celestial Group Inc), Security and Pledge Agreement (Hain Celestial Group Inc)

Joint and Several Obligations of Grantors. (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under the Credit AgreementAgreements, for the mutual benefit, directly and indirectly, of each of the such Grantors and in consideration of the undertakings of each of the such Grantors to accept joint and several liability for the obligations of each of them.

Appears in 2 contracts

Samples: Security Agreement (Renal Care Group Inc), Security Agreement (Renal Care Group Inc)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 25, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under the Credit AgreementSecured Parties, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 2 contracts

Samples: Security Agreement (Bioreliance Corp), Credit Agreement (Cbeyond Communications Inc)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 22, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under the Credit AgreementSecured Parties, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 2 contracts

Samples: Security Agreement (RedHill Biopharma Ltd.), Domestic Security Agreement (Ems Technologies Inc)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 7.16, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under the Credit AgreementSecured Parties, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Mac-Gray Corp), Guarantee and Collateral Agreement (Mac-Gray Corp)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 24, each of the Grantors (to the extent such Grantor is a Loan Party under the Credit Agreement) is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under holders of the Credit AgreementSecured Obligations, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 2 contracts

Samples: Security Agreement (Gaylord Entertainment Co /De), Security Agreement (Gaylord Entertainment Co /De)

Joint and Several Obligations of Grantors. (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations to be provided by the Lenders under the Credit Loan Agreement, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Security and Pledge Agreement (LIVE VENTURES Inc)

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Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 22, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations to be provided by the Lenders under the Credit AgreementSecured Parties, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Security Agreement (Dollar Thrifty Automotive Group Inc)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 22, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under holders of the Credit Agreement, Secured Obligations for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Security Agreement (Kraton Polymers LLC)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 26, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under holders of the Credit AgreementSecured Obligations, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Security Agreement (Premiere Global Services, Inc.)

Joint and Several Obligations of Grantors. (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations to be provided by the Lenders Purchasers under the Credit Purchase Agreement, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Security and Pledge Agreement (ImmunityBio, Inc.)

Joint and Several Obligations of Grantors. (a) Each Subject to clause (c) of this Section 26, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under holders of the Credit AgreementSecured Obligations, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Security Agreement (Loral Space & Communications LTD)

Joint and Several Obligations of Grantors. (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under the Credit AgreementSecured Creditors, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Security Agreement (Ruby Tuesday Inc)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (c) of this Section 25, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under holders of the Credit AgreementObligations, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Security Agreement (Ticketmaster Entertainment, Inc.)

Joint and Several Obligations of Grantors. (a) Each Subject to subsection (b) of this Section 22, each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under the Credit AgreementSecured Parties, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Security Agreement (Venus Concept Inc.)

Joint and Several Obligations of Grantors. (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Security Agreement (Friedmans Inc)

Joint and Several Obligations of Grantors. (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations to be provided by the Lenders Lender under the A&R Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Security and Pledge Agreement (AstroNova, Inc.)

Joint and Several Obligations of Grantors. (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations accommodation to be provided by the Lenders Debenture Holders under the Credit AgreementPlan and the Debentures, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

Appears in 1 contract

Samples: Security Agreement (American Healthchoice Inc /Ny/)

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