Common use of Scope of Security Interest Clause in Contracts

Scope of Security Interest. (a) The Security Interest with respect to the trade-marks constitutes a security interest in, and a charge, hypothecation and pledge of, such Collateral in favor of the Agent, but does not constitute an assignment or mortgage of such Collateral to the Agent or any Vendors. Until the Security Interest becomes enforceable, the grant of the Security Interest in the Intellectual Property will not affect in any way the Corporation’s rights to commercially exploit it or defend or enforce the Corporation’s rights in it or with respect to it.

Scope of Security Interest. (a) The Security Interest with respect to the trade-marks Trademarks constitutes a security interest in, and a charge, hypothecation and pledge of, such Collateral in favor favour of the Administrative Agent, but does not constitute an assignment or mortgage of such Collateral to the Agent or any Vendors. Until the Security Interest becomes enforceable, the grant of the Security Interest in the Intellectual Property will not affect in any way the Corporation’s rights to commercially exploit it or defend or enforce the Corporation’s rights in it or with respect to itAdministrative Agent.

Scope of Security Interest. (a1) The Security Interest with respect to the trade-marks Trademarks constitutes a security interest in, and a charge, hypothecation and pledge of, such Collateral in favor favour of the AgentCollateral Agent for the benefit of the Secured Creditors, but does not constitute an assignment or mortgage of such Collateral to the Collateral Agent or any Vendors. Until the Security Interest becomes enforceable, the grant of the Security Interest in the Intellectual Property will not affect in any way the Corporation’s rights to commercially exploit it or defend or enforce the Corporation’s rights in it or with respect to itSecured Creditor.

Scope of Security Interest. (a) The Security Interest with respect to the trade-marks constitutes a security interest in, and a charge, hypothecation and pledge of, such Collateral in favor favour of the AgentLender, but does not constitute an assignment or mortgage of such Collateral to the Agent or any VendorsLender. Until the Security Interest becomes enforceable, the grant of the Security Interest in the Intellectual Property will not affect in any way the Corporation’s rights to commercially exploit it or defend or enforce the Corporation’s rights in it or with respect to it.

Scope of Security Interest. (a1) The Security Interest with respect to the trade-marks Trademarks constitutes a security interest in, and a charge, hypothecation and pledge of, such Collateral in favor favour of the AgentCollateral Agent for the benefit of the Secured Parties, but does not constitute an assignment or mortgage of such Collateral to the Collateral Agent or any Vendors. Until the Security Interest becomes enforceable, the grant of the Security Interest in the Intellectual Property will not affect in any way the Corporation’s rights to commercially exploit it or defend or enforce the Corporation’s rights in it or with respect to itSecured Party.

Scope of Security Interest. (a1) The Security Interest with respect to the trade-marks trademarks constitutes a security interest in, and a charge, hypothecation and pledge of, such Collateral in favor favour of the AgentSecured Creditor, but does not constitute an assignment or mortgage of such Collateral to the Agent or any Vendors. Until the Security Interest becomes enforceable, the grant of the Security Interest in the Intellectual Property will not affect in any way the Corporation’s rights to commercially exploit it or defend or enforce the Corporation’s rights in it or with respect to itSecured Creditor.