Common use of Security Interests in Collateral Clause in Contracts

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant to the Security Documents.

Appears in 4 contracts

Samples: Credit Agreement (Dri I Inc), Credit Agreement (Wet Seal Inc), Credit Agreement (Wet Seal Inc)

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Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrowers shall grant, and shall cause each Facility Guarantor to grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 3 contracts

Samples: Credit Agreement (Brown Shoe Co Inc), Credit Agreement (Gamestop Corp), Credit Agreement (GameStop Corp.)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall Borrowers have granted, and have caused each Facility Guarantor to grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 3 contracts

Samples: Credit Agreement (Brown Shoe Co Inc), Credit Agreement (Brown Shoe Co Inc), Credit Agreement (Brown Shoe Co Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan DocumentsObligations, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Credit Parties, a first-priority security interest in all of the Collateral pursuant to the Security Documents.

Appears in 3 contracts

Samples: Credit Agreement (American Apparel, Inc), Credit Agreement (American Apparel, Inc), Credit Agreement (American Apparel, Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall grant to the Collateral AgentLender, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant to the Security Documents.

Appears in 3 contracts

Samples: Loan Agreement (Act Teleconferencing Inc), Loan Agreement (Act Teleconferencing Inc), Loan Agreement (Act Teleconferencing Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan DocumentsObligations, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-first priority security interest in all of the Collateral pursuant to, and to the extent required by, the Security Documents.

Appears in 2 contracts

Samples: Credit Agreement (Trans World Entertainment Corp), Credit Agreement (Trans World Entertainment Corp)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrowers shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security DocumentsDocuments (subject to Permitted Encumbrances having priority over the Lien of the Collateral Agent by operation of law).

Appears in 2 contracts

Samples: Credit Agreement (Petsmart Inc), Credit Agreement (Petsmart Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrowers shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties57Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 2 contracts

Samples: Credit Agreement (Dillards Inc), Credit Agreement (Dillards Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrower and the Facility Guarantors shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Credit Parties, a first-priority security interest in (subject to Permitted Encumbrances having priority by operation of Applicable Law) in, and hypothec of, all of the Collateral pursuant hereto and to the Security Documents.

Appears in 2 contracts

Samples: Credit Agreement (Pier 1 Imports Inc/De), Credit Agreement (Pier 1 Imports Inc/De)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan DocumentsObligations, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Credit Parties, a first-second priority security interest in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 2 contracts

Samples: Credit Agreement (Endeavor Acquisition Corp.), Credit Agreement (American Apparel, Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest Lien in all of the Collateral pursuant hereto and to the Security Documents, subject to the terms of the Intercreditor Agreement with respect to the Term Priority Collateral.

Appears in 1 contract

Samples: Credit Agreement (Zale Corp)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan DocumentsObligations, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security and mortgage interest (subject to Permitted Encumbrances) in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Marsh Supermarkets Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan DocumentsObligations, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Advanced Audio Concepts, LTD)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrowers shall grant to the Collateral Agent, for Table of Contents its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Zale Corp)

Security Interests in Collateral. To secure their the Obligations relating to the Term Loan A under this Agreement and the other Loan Documents, the Loan Parties Borrowers shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents, which security interest shall be subject in priority only to the security interest granted to the Revolving Agent under the Revolving Loan Documents.

Appears in 1 contract

Samples: Term Loan Agreement (GameStop Corp.)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall grant Borrowers have granted to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Jo-Ann Stores Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrowers and the Facility Guarantors shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured PartiesParties (but subject to the provisions of Section 5.2 prior to an Event of Default and Section 6.2 after an Event of Default of the Security Agreements, as applicable), a first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents.. SECTION 2.28

Appears in 1 contract

Samples: Credit Agreement (Footstar Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Borrowers and each other Loan Parties shall Party grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured PartiesLenders, a first-priority security interest in all of the Collateral pursuant to the Security DocumentsPledge Agreement.

Appears in 1 contract

Samples: Credit Agreement (Lexington Master Limited Partnership)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, pursuant to the Existing Credit Agreement, the Loan Parties shall grant have granted to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Credit Parties, a perfected first-priority security interest in all of the Collateral and the Real Estate Collateral pursuant to the Security Documents. The Loan Parties hereby ratify and confirm the security interest granted pursuant to the Security Documents. SECTION 2.30.

Appears in 1 contract

Samples: Credit Agreement (Stage Stores Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrowers shall grant, and shall cause each Facility Guarantor to grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Credit Parties, a first-priority security interest interest[ or mortgage Lien] in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (GameStop Corp.)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall Borrowers have granted, and have caused each Facility Guarantor to grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first---priority security interest in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Caleres Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a perfected first-priority security interest in all of the Collateral pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Stage Stores Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan DocumentsDocuments and the Other Liabilities, the Loan Parties Borrowers shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents, subject to Permitted Encumbrances having priority over the Lien of the Agents.

Appears in 1 contract

Samples: Credit Agreement (Circuit City Stores Inc)

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Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall grant to the Collateral Administrative Agent, for its their benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents; provided that the Collateral shall secure the Other Liabilities solely to the extent that there is sufficient Collateral following satisfaction of the Obligations (exclusive of Other Liabilities).

Appears in 1 contract

Samples: Credit Agreement (Tweeter Home Entertainment Group Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Wet Seal Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrowers shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Dillards Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties have granted, and shall grant grant, to the Collateral Administrative Agent, for its benefit and the ratable benefit of the other Secured Credit Parties, a first-priority security interest in Lien on all of the Collateral pursuant hereto and to the Security Documents, subject to the terms of the Intercreditor Agreement with respect to the ABL Priority Collateral.

Appears in 1 contract

Samples: Security Agreement (Zale Corp)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrower shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in (subject only to Permitted Encumbrances (x) having priority by operation of Applicable Law on all Term Priority Collateral, or (y) in favor of the agent under the ABL Facility on any ABL Priority Collateral), all of the Collateral pursuant hereto and to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (COHOES FASHIONS of CRANSTON, Inc.)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall Borrowers have granted, and have caused each Facility Guarantor to grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority first‑priority security interest in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Caleres Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties have granted, and shall grant grant, to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in Lien on all of the Collateral pursuant hereto and to the Security Documents, subject to the terms of the Intercreditor Agreement with respect to the Term Priority Collateral.

Appears in 1 contract

Samples: Credit Agreement (Zale Corp)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrowers shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security DocumentsDocuments (subject to Liens on L/C Facility Cash Collateral to secure Indebtedness permitted by Section 6.01(g) and Permitted Encumbrances having priority over the Lien of the Collateral Agent by operation of law).

Appears in 1 contract

Samples: Credit Agreement (Petsmart Inc)

Security Interests in Collateral. To secure their its Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrower shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Longs Drug Stores Corp)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, each Credit Party shall grant, and the Loan Parties Lead Borrower shall grant cause each Credit Party to grant, to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Genesco Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrowers shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Zale Corp)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties Borrowers shall grant, and shall cause each Facility Guarantor to grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Credit Parties, a first-priority security interest or mortgage Lien in all of the Collateral pursuant hereto and to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (GameStop Corp.)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Credit Parties, a perfected first-priority security interest in all of the Collateral pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Stage Stores Inc)

Security Interests in Collateral. To secure their Obligations under this Agreement and the other Loan Documents, pursuant to the Existing Credit Agreement, the Loan Parties shall grant have granted to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Credit Parties, a perfected first-priority security interest in all of the Collateral pursuant to the Security Documents. The Loan Parties hereby ratify and confirm the security interest granted pursuant to the Security Documents.

Appears in 1 contract

Samples: Credit Agreement (Stage Stores Inc)

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