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

Pledge and Grant of Security Interest. To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Pledgor hereby pledges and assigns to the Administrative Agent, for the benefit of the holders of the Secured Obligations, and grants to the Administrative Agent, for the benefit of the holders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Pledgor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Pledged Collateral”):

Appears in 8 contracts

Samples: Credit Agreement (Ryman Hospitality Properties, Inc.), Pledge Agreement (Ryman Hospitality Properties, Inc.), Security Agreement (Ryman Hospitality Properties, Inc.)

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Pledge and Grant of Security Interest. To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment time or otherwise, of the Secured ObligationsPledgor Obligations (as defined in Section 3 hereof), each Pledgor hereby pledges and assigns to the Administrative Agent, for the benefit of the holders of the Secured ObligationsParties, and grants to the Administrative Agent, for the benefit of the holders of the Secured ObligationsParties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Pledgor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Pledged Collateral”):

Appears in 4 contracts

Samples: Pledge Agreement (Government Properties Income Trust), Pledge Agreement (Government Properties Income Trust), Pledge Agreement (Trustreet Properties Inc)

Pledge and Grant of Security Interest. To secure the prompt payment and performance in full when due, whether by lapse of time, time acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Pledgor hereby pledges and assigns grants to the Administrative Collateral Agent, for the benefit of the holders of the Secured Obligations, and grants to the Administrative Agent, for the ratable benefit of the holders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Pledgor in and to the followingfollowing and to the following Property of such Pledgor, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Pledged Collateral”):

Appears in 1 contract

Samples: Security Agreement (Rock-Tenn CO)

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Pledge and Grant of Security Interest. To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured ObligationsPledgor Obligations (as defined in Section 3 hereof), each Pledgor hereby pledges and assigns to the Administrative Agent, for the benefit of the holders of the Secured ObligationsLenders, and grants to the Administrative Agent, for the benefit of the holders of the Secured ObligationsLenders, a continuing security interest in, and a right to set set-off against, any and all right, title and interest of such Pledgor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Pledged Collateral"):

Appears in 1 contract

Samples: Pledge Agreement (PRG Schultz International Inc)

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