Common use of Collateral for Loans Clause in Contracts

Collateral for Loans. The Loans and the obligations of the Lessor under the Credit Agreement shall be secured by, inter alia, (i) a first priority assignment of the Lease, granted pursuant to the Assignment of Lease and consented to by the Lessee pursuant to the Consent to Assignment (in each case in the respective forms set forth on Exhibit A hereto), and (ii) a first priority security interest in each piece of Equipment pursuant to a Security Agreement in the form set forth on Exhibit B hereto.

Appears in 3 contracts

Samples: Participation Agreement (Hanover Compressor Co), Participation Agreement (Hanover Compression Inc), Participation Agreement (Hanover Compressor Co)

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Collateral for Loans. The Loans and the obligations of the Lessor under the Credit Agreement shall be secured by, inter alia, (i) a first priority assignment of the Lease, granted pursuant to the Assignment of Lease and consented to by the Lessee pursuant to the Consent to Assignment (in each case in the respective forms set forth on Exhibit A B hereto), and (ii) a first priority security interest in each piece of Equipment pursuant to a Security Agreement in the form set forth on Exhibit B hereto.a

Appears in 1 contract

Samples: Participation Agreement (Safeskin Corp)

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Collateral for Loans. The Loans and the obligations of the Lessor ------------------------- under the Credit Agreement shall be secured by, inter alia, (i) a first priority ----- ---- assignment of the Lease, granted pursuant to the Assignment of Lease and consented to by the Lessee pursuant to the Consent to Assignment (in each case in the respective forms set forth on Exhibit A hereto), and (ii) a first --------- priority security interest in each piece of Equipment pursuant to a Security Agreement in the form set forth on Exhibit B hereto.. ---------

Appears in 1 contract

Samples: Participation Agreement (Hanover Compressor Co /)

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