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

Pledge; Grant of Security Interest. Each Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all of such Pledgor's Pledged Stock and hereby grants to Administrative Agent, for the ratable benefit of 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 Secured Obligations.

Appears in 2 contracts

Samples: Pledge Agreement (Meridian Resource Corp), Pledge Agreement (Meridian Resource Corp)

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Pledge; Grant of Security Interest. Each The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all of such Pledgor's the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of 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 Secured Obligations.

Appears in 2 contracts

Samples: BMC Pledge Agreement (Homeside Lending Inc), Pledge Agreement (Homeside Lending Inc)

Pledge; Grant of Security Interest. Each The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all of such the Pledgor's right, title and interest in the Pledged Stock Stock, and hereby transfers and grants to the Administrative Agent, for the ratable benefit of the Lenders, a first priority security interest in all of the Pledgor's right, title and interest in all of 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 Guarantee Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Gulfstream Aerospace Corp), Credit Agreement (Gulfstream Aerospace Corp)

Pledge; Grant of Security Interest. Each The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all of such Pledgor's the Pledged Stock and the Pledged Debt, and hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a first priority security interest in all of the Pledgor's right, title and interest in, to and under 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: Credit Agreement (Aavid Thermal Technologies Inc)

Pledge; Grant of Security Interest. Each The Pledgor hereby delivers to the General Administrative Agent, for the ratable benefit of the Lenders, all of such Pledgor's the Pledged Stock and hereby grants to General Administrative Agent, for the ratable benefit of the Agents and the Lenders, a first priority security interest in the Collateralfollowing (collectively, 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: Credit Agreement (Safety Kleen Corp/)

Pledge; Grant of Security Interest. Each The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all of such Pledgor's the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of 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 Secured Obligations.

Appears in 1 contract

Samples: Pledge Agreement (Homeside Lending Inc)

Pledge; Grant of Security Interest. Each The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all of such Pledgor's the Pledged Stock Stock, and hereby grants to the Administrative Agent, for the ratable benefit of 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 Secured Obligations.

Appears in 1 contract

Samples: Credit Agreement (Aavid Thermal Technologies Inc)

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Pledge; Grant of Security Interest. Each The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all of such the Pledgor's right, title and interest in the Pledged Stock and the Pledged Note, and hereby transfers and grants to the Administrative Agent, for the ratable benefit of the Lenders, a first priority security interest in all of the Pledgor's right, title and 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 Guarantee Obligations.

Appears in 1 contract

Samples: Holding Pledge Agreement (Citadel Broadcasting Co)

Pledge; Grant of Security Interest. Each The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all of such the Pledgor's right, title and interest in the Pledged Stock Stock, the Pledged Notes and the LLC Collateral and hereby transfers and grants to the Administrative Agent, for the ratable benefit of the Lenders, a first priority security interest in all of the Pledgor's right, title and interest in all of 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: Company Pledge Agreement (Citadel Broadcasting Co)

Pledge; Grant of Security Interest. Each The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all of such Pledgor's the Pledged Stock represented by certificates, and hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a first priority security interest in all of the Pledgor's right, title and interest in, to and under 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 Guarantee Obligations.

Appears in 1 contract

Samples: Credit Agreement (Aavid Thermal Technologies Inc)

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