SECURITY OF BORROWERS. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrowers and their Subsidiaries, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrowers are party.
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Samples: Revolving Credit Agreement (McCormick & Schmicks Seafood Restaurants Inc.), Revolving Credit Agreement (McCormick & Schmick Holdings, L.L.C.)
SECURITY OF BORROWERS. The Obligations of the Borrowers shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in substantially all of the assets of the Borrowers and their Subsidiarieseach such Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrowers are such Borrower is a party.
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Samples: Security Agreement (Genrad Inc)
SECURITY OF BORROWERS. The Obligations shall (a) All of the Liabilities are to be secured by a perfected first priority security interest Collateral Interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrowers and their Subsidiariesall Subsidiaries of the Borrowers, whether now owned or hereafter acquired, pursuant to including the terms of Real Estate, and any capital stock or other equity interests or Investment Property owned by any Borrower (collectively, the Security Documents to which the Borrowers are party"COLLATERAL").
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SECURITY OF BORROWERS. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of each of the Borrowers, including accounts and notes receivable, inventory, equipment, real property, licenses, stock of each of the Borrowers (other than Furr's), intangible property and their Subsidiariesintellectual property, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrowers are each such Borrower is a party.
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Samples: Credit and Term Loan Agreement (Furrs Restaurant Group Inc)
SECURITY OF BORROWERS. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all certain of the assets of the Borrowers and their SubsidiariesBorrowers, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrowers are each Borrower is a party.
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Samples: Revolving Credit Agreement (Flextronics International LTD)
SECURITY OF BORROWERS. The Obligations shall be secured by a perfected --------------------- first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets property, rights and interests of the Borrowers and their Subsidiarieseach Borrower, whether now owned or hereafter acquired, pursuant to the terms of described in the Security Documents to which the Borrowers are such Borrower is party, including, without limitation, all Base Contracts.
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Samples: Revolving Credit Agreement (Fairfield Communities Inc)
SECURITY OF BORROWERS. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets Collateral of the Borrowers and their SubsidiariesBorrowers, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which each of the Borrowers are is a party.
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SECURITY OF BORROWERS. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrowers and their Subsidiaries(other than those assets excluded under §2.3 of the Security Agreement), whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrowers are a party.
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SECURITY OF BORROWERS. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrowers and their Subsidiaries(other than those assets excluded under Section 2.3 of the Security Agreement), whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrowers are a party.
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