The Security Instruments Sample Clauses

The Security Instruments clause defines the documents and agreements that establish a lender's security interest in a borrower's property or assets. Typically, this includes items such as mortgages, deeds of trust, or security agreements that are executed as part of a loan transaction. These instruments specify the collateral securing the loan and outline the lender's rights in the event of default. The core function of this clause is to clearly identify and formalize the legal mechanisms by which the lender can protect its interests, thereby reducing the risk of loss if the borrower fails to meet their obligations.
The Security Instruments. (1) a duly completed and executed Facility Guaranty dated as of the Closing Date and duly delivered by Parent; (2) a duly completed and executed Borrower Pledge Agreement, dated as of the Closing Date and duly delivered by the Borrower granting to the Administrative Agent a first priority security interest in certain of the Equity owned by the Borrower in HRY, Hallwood Realty and HCRE (as more particularly described therein) as security for the Lender Indebtedness; (3) a duly completed and executed Parent Pledge Agreement, dated as of the Closing Date and duly delivered by Parent, granting to the Administrative Agent a first and prior security interest in certain of the Equity owned by Parent in Hallwood Hotels (as more particularly described therein) as security for the Lender Indebtedness; (4) a duly completed and executed Integra Pledge Agreement, dated as of the Closing Date and duly delivered by Integra, granting to the Administrative Agent a first and prior security interest in certain of the Equity owned by Integra in Broc▇ (▇▇ more particularly described therein) as security for the Lender Indebtedness; (5) a duly completed and executed HEPGP Pledge Agreement, dated as of the Closing Date and duly delivered by HEPGP, granting to the Administrative Agent a first and prior security interest in certain of the Equity owned by HEPGP in HECO (as more particularly described therein) as security for the Lender Indebtedness; (6) duly completed and executed UCC-1 financing statements necessary to perfect the Liens and security interests created by the Pledge Agreements and the Collateral Assignment of Intercompany Note; (7) in addition to the UCC-1 financing statements required by clause (6) preceding, such other documents, instruments and agreements as the Administrative Agent shall reasonably request to fully evidence and perfect the Liens created by the Security Instruments; (8) a duly completed and executed Collateral Assignment of Intercompany Note, dated as of the Closing Date and duly delivered by the Borrower; (9) a duly completed and executed Parent Intercompany Note dated as of the Closing Date and duly delivered by the Borrower, and duly endorsed by the Borrower to the Administrative Agent for the ratable benefit of the Lenders; and (10) all Property in which the Administrative Agent shall, at such time, be entitled to have a Lien pursuant to this Agreement or any other Financing Document shall have been physically delivered to the possession of t...
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The Security Instruments an Assumption Agreement (pursuant to which C&P shall become an additional grantor under the Guaranty and Security Agreement) dated as of the Closing Date and duly executed by C&P (A) guaranteeing the repayment of the Canadian Lender Indebtedness by each such US Borrower and (B) granting to the Administrative Agent a first priority security interest in all of the personal property of C&P, as security for the Lender Indebtedness;
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The Security Instruments. (i) a Security Agreement executed by each Borrower in favor of the Lender granting to Lender a first priority security interest in all accounts receivable, inventory, equipment, documents, instruments, chattel paper, general intangibles, production rights and other related property of such Borrower; (ii) a pledge agreement executed by MEI in favor of Lender pledging to Lender a first priority perfected security interest in 100% of the stock owned by "MEI" in all of its subsidiaries, now owned or hereafter acquired; (iii) a collateral assignment of partnership interest or membership interest, executed by each Borrower owning a partnership interest or membership interest in any partnership, joint venture or limited liability company, as appropriate, in favor of Lender, assigning to Lender its interest in said partnership interest or membership interest; (iv) financing statements, as appropriate, to perfect the security interests created by the security agreements delivered under the three preceding subparagraphs; and (v) stock certificates and corresponding stock powers to perfect the security interests created by the instrument delivered under subparagraph (ii) above.
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The Security Instruments. Each of the Security Instruments ------------------------ including, without limitation: (i) amendments and supplements to each Mortgage; (ii) the Stock Pledges, duly completed and executed; (iii) the Guaranty Agreements, duly completed and executed; (iv) each of the other Security Instruments listed on attached Exhibit F; and (v) Financing Statements, as appropriate, to perfect the security interests created by the Security Instruments.
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The Security Instruments. (i) The Mortgage; (ii) Financing Statements, as appropriate, to perfect the security interests created by the Mortgage; and
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The Security Instruments an Assumption Agreement (pursuant to which C&P shall become an additional grantor under the Guaranty and Security Agreement) dated as of the Closing Date and duly executed by C&P (A) guaranteeing the repayment of the Canadian Lender Indebtedness by each such US Borrower and (B) granting to the Administrative Agent a first priority security interest in all of the personal property of C&P, as security for the Lender Indebtedness;
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Related to The Security Instruments

  • Security Instruments (i) The Administrative Agent shall fail to have an Acceptable Security Interest in any portion of the Collateral or (ii) any Security Instrument shall at any time and for any reason cease to create the Lien on the Property purported to be subject to such agreement in accordance with the terms of such agreement, or cease to be in full force and effect, or shall be contested by the Borrower, any Guarantor or any of their respective Subsidiaries;

  • The Security Agreement The security interest granted pursuant to this Trademark Security Agreement is granted in conjunction with the security interest granted to the Collateral Agent pursuant to the Security Agreement and Grantor hereby acknowledges and affirms that the rights and remedies of the Collateral Agent with respect to the security interest in the Trademarks made and granted hereby are more fully set forth in the Security Agreement. In the event that any provision of this Trademark Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control unless the Collateral Agent shall otherwise determine.

  • The Security Documents (a) None of the Collateral is subject to any Liens except Permitted Liens. (b) The security interests created under the Share Charge in favor of the Collateral Agent, as pledgee, for the benefit of the Secured Creditors, constitute perfected security interests in the Share Charge Collateral described in the Share Charge, subject to no security interests of any other Person. No filings or recordings are required in order to perfect (or maintain the perfection or priority of) the security interests created in the Share Charge Collateral under the Share Charge other than with respect to that portion of the Share Charge Collateral constituting a “general intangible” under the UCC. The filings on Form UCC-1 made pursuant to the Share Charge will perfect a security interest in the Collateral covered by the Share Charge to the extent a security interest in such Collateral may be perfected by such filings. (c) After the execution and registration thereof, the Vessel Mortgage will create, as security for the obligations purported to be secured thereby, a valid and enforceable perfected security interest in and mortgage lien on the Vessel in favor of the Collateral Agent (or such other trustee as may be required or desired under local law) for the benefit of the Secured Creditors, superior and prior to the rights of all third Persons (except that the security interest and mortgage lien created on the Vessel may be subject to the Permitted Liens related thereto) and subject to no other Liens (other than Permitted Liens related thereto). (d) After the execution and delivery thereof and upon the taking of the actions mentioned in the immediately succeeding sentence, each of the Security Documents will create in favor of the Collateral Agent for the benefit of the Secured Creditors a legal, valid and enforceable fully perfected first priority security interest in and Lien on all right, title and interest of the Credit Parties party thereto in the Collateral described therein, subject only to Permitted Liens. Subject to Sections 7.02, 8.04 and this Section 8.11 and the definition of “Collateral and Guaranty Requirements,” no filings or recordings are required in order to perfect the security interests created under any Security Document except for filings or recordings which shall have been made on or prior to the execution of such Security Document.

  • Security Instrument Borrower will execute the Security Instrument dated of even date with this Loan Agreement. The Security Instrument will be recorded in the applicable land records in the Property Jurisdiction.

  • The Security Interests (a) In order to secure the full and punctual payment of the Secured Obligations in accordance with the terms thereof, and to secure the performance of all of the obligations of the Company hereunder and under the other Loan Documents, the Company hereby pledges, hypothecates, assigns by way of security, transfers and grants to the Collateral Agent for the ratable benefit of the Secured Parties a continuing security interest in and to all right, title and interest of the Company in and to the following property, whether now owned or existing or hereafter acquired or arising and regardless of where located (all being collectively referred to as the "Collateral"): (i) Accounts; (ii) Inventory; (iii) General Intangibles; (iv) Documents; (v) Instruments; (vi) Equipment; (vii) Investment Property; (viii) Deposit Accounts; (ix) The Collateral Account, all cash deposited therein from time to time, the Liquid Investments made pursuant to Section 5(e) and other monies and property of any kind of the Company in the possession or under the control of the Collateral Agent; (x) All books and records (including, without limitation, customer lists, marketing information, credit files, price lists, operating records, vendor and supplier price lists, sales literature, computer programs, printouts and other computer materials and records) of the Company pertaining to any of the Collateral; (xi) All Proceeds of, attachments or accessions to, or substitutions for, all or any of the Collateral described in clauses (i) through (x) hereof; PROVIDED, HOWEVER, the Collateral shall not include any Excluded Contracts. (b) The Security Interests are granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Company with respect to any of the Collateral or any transaction in connection therewith. (c) Notwithstanding anything herein or in the other Loan Documents to the contrary, to the extent this Agreement or any other Security Document purports to grant to the Collateral Agent a Lien in any License held directly or indirectly by the Company, the Borrower or any of the Borrower's subsidiaries, now owned or hereafter acquired, the Collateral Agent shall only have a Lien in such Licenses at such times and to the extent that a Lien in such Licenses is permitted under applicable law; PROVIDED, that any such Lien shall to the extent permitted by applicable law be deemed effective as of the later of (i) the Effective Date or (ii) the date on which the Company was assigned, or acquired control over, the applicable License.