Common use of Pledge and Grant of Security Interest Clause in Contracts

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, all the Pledged Stock and hereby grants to Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 3 contracts

Samples: Credit Agreement (Cable Michigan Inc), Pledge Agreement (Cable Michigan Inc), Pledge Agreement (RCN Corp /De/)

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Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Breed Technologies Inc), Pledge Agreement (Rare Hospitality International Inc)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.the

Appears in 1 contract

Samples: Pledge Agreement (Rare Hospitality International Inc)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Collateral Agent, for the ratable benefit of itself the Collateral Agent and the LendersSecured Parties, all the Pledged Stock and hereby grants to Administrative the Collateral Agent, for the ratable benefit of itself the Collateral Agent and the LendersSecured Parties, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations.

Appears in 1 contract

Samples: Pledge Agreement (WLR Foods Inc)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Collateral Agent, for the ratable benefit of itself the Collateral Agent and the Lenders, Secured Parties all the Pledged Stock and hereby grants to Administrative the Collateral Agent, for the ratable benefit of itself the Collateral Agent and the LendersSecured Parties, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations.

Appears in 1 contract

Samples: Pledge Agreement (WLR Foods Inc)

Pledge and Grant of Security Interest. The Pledgor hereby ------------------------------------- delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, Lenders all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Acc Corp)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself the Agents and the Lenders, all the Pledged Stock and hereby grants to Administrative the Agent, for the ratable benefit of itself the Agents, and the Lenders, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Insignia Properties Trust /)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Gt Interactive Software Corp)

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Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, all the Pledged Stock Interests and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 1 contract

Samples: Pledge Agreement (RCN Corp /De/)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself the Agents and the Lenders, all of the Pledged Stock and hereby grants to Administrative the Agent, for the ratable benefit of itself the Agents, and the Lenders, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the ObligationsObligations (as defined in the Credit Agreement).

Appears in 1 contract

Samples: Pledge Agreement (Insignia Properties Trust /)

Pledge and Grant of Security Interest. The Pledgor Pledgors hereby delivers deliver to the Administrative Agent, for the ratable benefit of itself the Administrative Agent and the Lenders, all the Pledged Stock and hereby grants grant to the Administrative Agent, for the ratable benefit of itself the Administrative Agent and the Lenders, a first priority security interest in the Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Global Imaging Systems Inc)

Pledge and Grant of Security Interest. The Pledgor hereby ------------------------------------- delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, Lenders all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligationsobligations.

Appears in 1 contract

Samples: Pledge Agreement (Acc Corp)

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