Common use of Security Interest in Trademarks Clause in Contracts

Security Interest in Trademarks. To secure the prompt and complete payment, performance and observance of all Obligations, Grantor hereby grants to Agent for its benefit and the ratable benefit of Lenders a security interest in, as and by way of a first mortgage and security interest having priority over all other security interests, with power of sale to the extent permitted by applicable law, all of Grantor's now owned or existing and hereafter acquired or arising:

Appears in 2 contracts

Samples: Trademark Security Agreement (Hutchinson Products Corp), Trademark Security Agreement (Hutchinson Products Corp)

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Security Interest in Trademarks. To secure the prompt complete and complete timely payment, performance and observance satisfaction of all the Obligations, the Grantor hereby grants to the Agent, for the benefit of the Agent for its benefit and the ratable benefit of Lenders Lenders, a security interest in, as and by way of a first mortgage and security interest having priority over all other security interests, with power of sale to the extent permitted by applicable law, all of the Grantor's now owned or existing and hereafter acquired or arising:

Appears in 1 contract

Samples: Intellectual Property Security Agreement (Oro Spanish Broadcasting Inc)

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Security Interest in Trademarks. To secure the prompt complete and complete timely payment, performance and observance satisfaction of all of the Secured Obligations, Grantor hereby grants to Agent the Agent, for its benefit and the ratable benefit of Lenders the Holders of Secured Obligations, a security interest in, as and by way of a first mortgage and security interest having priority over all other security interests, with power of sale to the extent permitted by applicable law, all of Grantor's now owned or existing and hereafter acquired or arising:

Appears in 1 contract

Samples: Trademark Security Agreement (Ifr Systems Inc)

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