Collateral Grantors definition
Examples of Collateral Grantors in a sentence
With respect to any Collateral consisting of certificated securities, instruments, documents, certificates of title or the like, as to which Secured Party’s security interest need be perfected by, or the priority thereof need be assured by, possession of such Collateral, Grantors will upon demand of Secured Party deliver possession of same in pledge to Secured Party.
With respect to any Collateral consisting of certificated securities, instruments, documents, certificates of title or the like, as to which Secured Party's security interest need be perfected by, or the priority thereof need be assured by, possession of such Collateral, Grantors will upon demand of Secured Party deliver possession of same in pledge to Secured Party.
With respect to any Collateral consisting of certificated securities, instruments, documents, certificates of title or the like, as to which Secured Party's security interest need be perfected by, or the priority thereof need be assured by, possession or control of such Collateral, Grantors, and each of them, will upon demand of Secured Party deliver possession or control, as applicable, of same in pledge to Secured Party.
Contemporaneously with the execution and delivery of this Agreement, and in furtherance of the pledging, assignment, transfer, hypothecation, set over, and grant by Grantors to the Agent of a security interest in the Collateral, Grantors shall execute and deliver the Copyright Security Agreement, the Patent Security Agreement, and the Trademark Security Agreement to the Agent.
With respect to any Collateral consisting of certificated securities, instruments, documents, certificates of title or the like, as to which the Secured Parties’ security interest need be perfected by, or the priority thereof need be assured by, possession of such Collateral, Grantors will upon demand of the Secured Parties deliver possession of same in pledge to the Secured Parties.
With respect to the Collateral, Grantors represent and promise to Lender that: Perfection of Security Interest.
If Grantors at any time hold or acquire any certificated Equity Interests comprising part of the Collateral, Grantors shall promptly notify the Secured Party thereof and, upon the Secured Party’s request, endorse, assign and deliver the same to the Secured Party, accompanied by such instruments of transfer or assignment duly executed in blank as the Secured Party may request.
The Collateral Grantors' obligations under this Section 8.2 shall survive the termination of the other provisions of this Agreement.
In the event any Grantor shall obtain rights in any such Collateral, Grantors shall promptly give Agent written notice thereof and shall supplement the Perfection Certificate to include such Collateral.
To the extent Grantor uses any of the proceeds of the Notes to purchase Collateral, Grantor's repayment of the Notes shall apply on a "first-in-first-out" basis so that the portion of the Notes used to purchase a particular item of Collateral shall be paid in the chronological order Grantor purchased the Collateral.