Pledge of Collateral. To secure payment and performance of the Obligations, Grantor hereby pledges, assigns, transfers and sets over to MLBFS, and grants to MLBFS a first lien and security interest in and upon all of the Collateral, subject only to Permitted Liens.
Appears in 16 contracts
Samples: Loan and Security Agreement (Derma Sciences Inc), Loan and Security Agreement (Yp Net Inc), Letter Agreement (Lakeland Industries Inc)