Common use of PROPERTY GRANTED Clause in Contracts

PROPERTY GRANTED. In consideration of and in order to secure the repayment, observance, performance and discharge by Parent Indemnitor and Grantor of the Secured Obligations (as defined in Section 1.4 below), Grantor grants, bargains, sells, aliens, remises, releases, conveys, assigns, transfers, pledges, delivers, sets over, hypothecates, warrants, and confirms to Trustee, in trust, with power of sale, for the benefit and security of Beneficiary, as beneficiary hereunder, subject to the terms and conditions of this Deed of Trust, all estate, right, title and interest that Grantor now has or may later acquire in and to the following described properties, rights and interests and all replacements of, substitutions for, and additions thereto (all of which are referred to below as the “Property”):

PROPERTY GRANTED. In consideration of and in order to secure the repayment, observance, performance and discharge by Parent Indemnitor and Grantor Borrower of the Secured Obligations (as defined in Section 1.4 below), Grantor Borrower grants, bargains, sells, aliens, remises, releases, conveys, assigns, transfers, pledges, delivers, sets over, hypothecates, warrants, and confirms to Trustee, in trust, with power of sale, for the benefit and security of BeneficiaryLender, as beneficiary hereunder, subject to the terms and conditions of this Deed of Trust, all estate, right, title and interest that Grantor Borrower now has or may later acquire in and to the following described properties, rights and interests and all replacements of, substitutions for, and additions thereto (all of which are referred to below as the “Property”):