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

Pledge of Collateral and Grant of Security Interest. General Partner does hereby unconditionally and irrevocably assign, pledge, convey, transfer, deliver, set over and grant unto Department, its successors and assigns, as security for Development Owner's complete and timely payment and performance of the Obligations, a continuing [first/second/third] priority security interest under the UCC in the Collateral. General Partner hereby further grants to Department, as security for the Obligations, all rights in the Collateral as are available to a Department of such collateral under the UCC and agrees, upon request, to deliver any other documents that Department may reasonably request to effect the conveyance, transfer and grant to Department of all of General Partner’s right, title and interest in and to the Collateral. General Partner further consents to Department's preparation and filing of UCC-1 Financing Statement suitable for filing in the Office of the Secretary of State of the State with respect to the Collateral.

Pledge of Collateral and Grant of Security Interest. General Partner does hereby unconditionally and irrevocably assign, pledge, convey, transfer, deliver, set over and grant unto Department, its successors and assigns, as security for Development Owner's complete and timely payment and performance of the Obligations, a continuing [first/second/third] priority security interest under the UCC in the Collateral. General Partner hereby xxxxxx further grants to Department, as security for the Obligations, all rights in the Collateral as are available to a Department of such collateral under the UCC and agrees, upon request, to deliver any other documents that Department may reasonably request to effect the conveyance, transfer and grant to Department of all of General Partner’s right, title and interest in and to the Collateral. General Partner further consents to Department's preparation and filing of UCC-1 Financing Statement suitable for filing in the Office of the Secretary of State of the State with respect to the Collateral.

Pledge of Collateral and Grant of Security Interest. General Partner does Development Owner and Developer do hereby unconditionally and irrevocably assign, pledge, convey, transfer, deliver, set over and grant unto Department, its successors and assigns, as security for Development Owner's complete and timely payment and performance of the Obligations, a continuing [first/second/third] priority security interest under the UCC in the Collateral. General Partner Development Owner and Developer hereby further grants to Department, as security for the Obligations, all rights in the Collateral as are available to a Department of such collateral under the UCC and agrees, upon request, to deliver any other documents that Department may reasonably request to effect the conveyance, transfer and grant to Department of all of General PartnerDevelopment Owner and Developer’s right, title and interest in and to the Collateral. General Partner Development Owner and Developer further consents consent to Department's preparation and filing of UCC-1 Financing Statement suitable for filing in the Office of the Secretary of State of the State with respect to the Collateral.

Pledge of Collateral and Grant of Security Interest. General Limited Partner does hereby unconditionally and irrevocably assign, pledge, convey, transfer, deliver, set over and grant unto Department, its successors and assigns, as security for Development Owner's complete and timely payment and performance of the Obligations, a continuing [first/second/third] priority security interest under the UCC in the Collateral. General Limited Partner hereby further grants to Department, as security for the Obligations, all rights in the Collateral as are available to a Department of such collateral under the UCC and agrees, upon request, to deliver any other documents that Department may reasonably request to effect the conveyance, transfer and grant to Department of all of General Limited Partner’s right, title and interest in and to the Collateral. General Limited Partner further consents to Department's preparation and filing of UCC-1 Financing Statement suitable for filing in the Office of the Secretary of State of the State with respect to the Collateral.