Common use of Security Interest in the Collateral Clause in Contracts

Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the Issuer and each Lender of the Obligations, each Loan Party hereby assigns, pledges and grants to the Collateral Agent for the ratable benefit of Agent, the Issuer and each Lender a continuing security interest in and to all of the Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located.

Appears in 6 contracts

Sources: Loan and Security Agreement (Veeco Instruments Inc), Loan and Security Agreement (Veeco Instruments Inc), Loan and Security Agreement (Marketwise, Inc.)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the Issuer and each Lender of all of the ObligationsObligations to each Secured Party, each Loan Party hereby collaterally assigns, pledges and grants to the Collateral Agent Agent, for the ratable benefit of Agenteach Secured Party, the Issuer and each Lender a continuing security interest Lien in and to all of the its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located.

Appears in 3 contracts

Sources: Loan and Security Agreement (Forbes Energy Services Ltd.), Loan and Security Agreement (Forbes Energy Services Ltd.), Loan and Security Agreement (Forbes Energy International, LLC)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the each Issuer and each Lender of the Obligations, each Loan Party hereby assigns, pledges and grants to the Collateral Agent for the ratable benefit of Agent, the each Issuer and each Lender a continuing security interest in and to all of the its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Loan Agreement (Verrazano,inc.)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the each Issuer and each Lender of the Obligations, each Loan Party hereby assigns, pledges and grants to the Collateral Agent for the ratable benefit of Agent, the each Issuer and each Lender a continuing security interest in and to all of the its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its audited annual financial statements to reflect such security interest.

Appears in 1 contract

Sources: Loan and Security Agreement (Stanadyne Automotive Corp)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the each Issuer and each Lender of the Obligations, each Loan Credit Party hereby assigns, pledges and grants to the Collateral Agent for the ratable benefit of Agent, the each Issuer and each Lender a continuing security interest in and to all of the Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Credit Party shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Financing Agreement (Cpac Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the Issuer Agent and each Lender of the Obligations, each Loan Credit Party hereby assigns, pledges and grants to the Collateral Agent for its benefit and for the ratable benefit of Agent, the Issuer and each Lender a continuing security interest in and to all of the its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Credit Party shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit, Term Loan, Guaranty and Security Agreement (Sunsource Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent, the each Issuer and each Lender of the Obligations, each Loan Party hereby assigns, pledges and grants to the Collateral Agent for the ratable benefit of Agent, the each Issuer and each Lender a continuing security interest in and to all of the its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Loan and Security Agreement (Brown Jordan International Inc)