Security Interests in Collateral. To secure their Obligations, the Borrowers shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Credit Parties, a first priority security interest in all of the Collateral pursuant hereto and to the Security Documents, subject to Permitted Encumbrances.
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Samples: Credit Agreement (Endeavor Acquisition Corp.), Credit Agreement (American Apparel, Inc)
Security Interests in Collateral. To secure their its Obligations, the Borrowers shall Borrower shall, and hereby does, grant to the Collateral Agent, for its benefit and the ratable benefit of the other Credit Secured Parties, a first first-priority security interest in all of the Collateral pursuant hereto and to the Security Documents, subject to Permitted Encumbrances.
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Security Interests in Collateral. To secure their Obligationsthe Secured Obligations (as defined in the Security Agreement), the Borrowers have granted (or shall grant grant) to the Collateral Agent, for its benefit and the ratable benefit of the other Credit Secured Parties, a first priority security interest in all of the Collateral pursuant hereto and to the Security Document, with the priority provided for herein or in the other Loan Documents, subject to Permitted Encumbrances.
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