Collateral and Security Interest. The Member agrees that any and all letters of credit issued by the Bank on behalf of the Member shall be secured in accordance with all the terms and provisions of the security agreement existing between the Bank and the Member as if such letter of credit were an advance granted under such security agreement. The Member further agrees that any and all amounts due and payable to the Bank under this Agreement shall be secured in accordance with all the terms and provisions of the security agreement existing between the Bank and the Member as if such amounts were advances granted under such security agreement.
Collateral and Security Interest. 5 4.1. Grant of Security Interest. 5 4.2. Nature of Security Interest 5 4.3. Perfection and Protection of Security Interest. 5 4.4. Limited License. 6 4.5. Rights of Lender as Secured Party. 6 4.6. Communication with Account Debtors. 6 4.7. Confirmatory Written Assignments. 6
Collateral and Security Interest. 4.1. 4.2. 4.3. 4.4. 4.5. 4.6. 4.7. 4.8. ARTICLE 5.
Collateral and Security Interest. 4.1 Each Grantor hereby pledges to the Trustee for its benefit and for the ratable benefit of the holders of the Notes and hereby grants to the Trustee for their benefit and for the ratable benefit of the holders of the Notes a continuing first priority security interest in and to all of the Grantor’s right, title and interest in, to and under the following (hereinafter collectively referred to as the “Collateral”), whether characterized as investment property, certificated securities, uncertificated securities, general intangibles or otherwise: (a) the Escrow Account and all financial assets credited to the Escrow Account, all funds held therein and all certificates and instruments, if any, from time to time representing or evidencing the Escrow Account, (b) all Collateral Investments (as hereinafter defined) and all certificates and instruments, if any, representing or evidencing the Collateral Investments, and any and all security entitlements to the Collateral Investments, and any and all related securities accounts in which security entitlements to the Collateral Investments are carried, (c) all cash, notes, deposit accounts, checks and other instruments, if any, from time to time hereafter delivered to or otherwise possessed by the Escrow Agent for or on behalf of the Grantor in substitution for or in addition to any or all of the then existing Collateral, (d) all of Grantor’s rights under this Agreement and (e) all proceeds of and other distributions on or with respect to any and all of the foregoing Collateral (including, without limitation, all dividends, interest, principal payments, cash, options, warrants, rights, investments, subscriptions and other property or proceeds, including proceeds that constitute property of the types described in clauses (a) through (d) of this Section 4.1). The Escrow Agent (in its capacity as a securities intermediary) hereby agrees that it will comply with written entitlement orders or instructions originated by the Trustee without further consent by the Grantor (in its capacity as a debtor/entitlement holder), it being acknowledged and agreed that so long as the Escrow Agent has not received notice from the Trustee or the Representative that an Event of Default exists, the Escrow Agent shall honor entitlement orders issued by the Grantor in accordance with Sections 5 or 6 hereof.
Collateral and Security Interest. Each Grantor hereby pledges and assigns such Grantor's respective Membership Interest to Secured Party, together with all income, profits, distributions, capital surplus, return of capital, management rights, if any, or other tangible or intangible property related to or derived from such Membership Interest, and grants to Secured Party a first priority lien and security interest therein and such other rights and remedies as may be granted to a secured party under the laws of the State of California ("Security Interest") in and to all of such Grantor's right, title and interest in such Grantor's Membership Interest and all proceeds thereof ("Collateral").
Collateral and Security Interest. (a) In order to secure the timely and complete payment or repayment and performance of all Advances and all other amounts, agreements, liabilities, indemnities and obligations owing or due to Lender by Borrower under, or arising out of, any or all of this Agreement and the Related Agreements, whether now existing or hereafter arising, whether direct or indirect, joint or several, absolute or contingent, liquidated or unliquidated, matured or unmatured, or related or unrelated (collectively, the “Obligations”), Borrower hereby grants a continuing, security interest (the “Security Interest”) to Lender in all of the membership interests of Borrower along with Borrower’s real estate, accounts receivable, accounts, contract rights, deposits, deposit accounts, general intangibles, inventory, equipment, fixtures, letter-of-credit rights, instruments, investment property, documents, commercial tort claims, monies and all other assets, wherever located and whether now existing or owned or hereafter acquired or arising, all supporting obligations thereof, and all products and proceeds thereof (collectively, the “Collateral”) to the extent permitted by applicable law. Borrower represents and warrants to Lender that Borrower owns the Collateral free and clear of any adverse liens, security interests and encumbrances. Borrower will defend the Collateral against the claims and demands of any other persons claiming the same or any interest therein. The Security Interest shall be a first and continuing interest in all Collateral.
Collateral and Security Interest. The collateral for the Advances shall be the Company's parts inventory and equipment purchased by the Company with Advances (the "Collateral"). To secure the payment of the Advances and interest thereof (together, the "Liabilities"), the Company does hereby grant to Framan Co. a security interest in each and all of the Collateral. The Company shall xxxxx Xxxxxx Co. access to the Company's books for the purposes of review with prior notice during normal business hours."
Collateral and Security Interest. Until all of the Senior Obligations have been paid in full, the Junior Lender shall not demand, receive or accept (i) a pledge of any of the Mortgaged Property as security for the Junior Obligations, or (ii) except for the Ground Lease, Declaration of Trust/Restrictive Covenants, Regulatory and Operating Agreement and other permitted encumbrances set forth in the Senior Lender’s title policy, a grant of any security interest or any other lien, right or interest in any of the Mortgaged Property.
Collateral and Security Interest. As security for all of the obligations of the Customer hereunder, the Customer hereby assigns, transfers and pledges to the Bank, and grants to the Bank a security interest in, all collateral now or hereafter pledged to the Bank under the Advances Agreement (“Collateral”). The rights and duties of the Customer and the Bank with respect to Collateral shall be as provided in the Advances Agreement. At all times that a Letter of Credit has been issued and is outstanding hereunder, each such Letter of Credit shall constitute an Outstanding Commitment (as defined in the Advances Agreement) and shall be included in the computation of the Customer’s Collateral Maintenance Level (as defined in the Advances Agreement). The Customer agrees to make, execute, record, and deliver to the Bank such financing statements, notices, assignments, listings, powers and other documents with respect to the Collateral and the Bank’s security interest therein in such form as the Bank may require.
Collateral and Security Interest. Pledgor hereby assigns, transfers, delivers and pledges to the Bank, and grants to the Bank a security interest in the following collateral to secure the prompt and complete payment and performance when due of the Indebtedness (as defined in the Credit Agreement) whether at stated maturity by acceleration or otherwise:
