Common use of Collateral for Loans Clause in Contracts

Collateral for Loans. The Loans shall be secured by the following -------------------- property (collectively, the "Collateral") and Liens in the Collateral shall be created by or in the Collateral Documents, including, but not limited to, those described as follows: A. A Security Agreement in the form of Exhibit 6. 1. A to this Fourth Restated Agreement, duly executed by each Borrower and each Consolidated Subsidiary which is subsequently made a Loan Party creating a first priority lien, mortgage and security interest in and upon all present and future Accounts, Inventory, Equipment, furniture, Goods, Fixtures, General Intangibles, Instruments, margin accounts, tax refunds, Chattel Paper, drafts, acceptances, Contracts and Contract Rights, Documents, Title Documents, notes, returned and repossessed Goods and all other personal property or interests in personal property, together with all accessions to, substitutions for, and all replacements, products and proceeds of the foregoing (including, without limitation, proceeds of insurance policies insuring any of the foregoing), all books and records (including, without limitation, customer lists, credit files, computer programs, printouts and other computer materials and records) pertaining to any of the foregoing, and all insurance policies insuring any of the foregoing, whether now owned or hereafter acquired, and wherever located. B. Security Agreement-Pledge in the form of Exhibit 6.1.B to this Fourth Restated Agreement, creating a first priority lien, mortgage and security interest in and upon all of the outstanding and issued capital stock of Looney, KBA, LRA-Cal, LRA-Midwest, LRA-NE, Block, Transcription and Xxxxxx.

Collateral for Loans. The Loans are and shall continue to be secured by the following -------------------- property (collectively, the "CollateralCOLLATERAL") and Liens in the Collateral shall be created by or in the Collateral Documents, including, but not limited to, those described as follows: A. A Security Agreement in the form of Exhibit 6. 1. A attached to this Fourth Restated Agreement, the Prior Agreement duly executed by each Borrower and each Consolidated Subsidiary which is subsequently made a Loan Party Borrower, creating a first priority lien, mortgage and security interest in and upon all of the Borrower's present and future Accounts, Inventory, Equipment, furniture, Goods, Fixtures, General Intangibles, Instruments, margin accounts, tax refunds, Chattel Paper, drafts, acceptances, Contracts and Contract Rights, Documents, Title Documents, notes, returned re- turned and repossessed Goods and all other personal property or interests in personal propertyprop- erty, together with all accessions to, substitutions for, and all replacements, products and proceeds of the foregoing (including, without limitation, proceeds of insurance policies insuring in- suring any of the foregoing), all books and records (including, without limitation, customer lists, credit files, computer programs, printouts and other computer materials and records) pertaining to any of the foregoing, and all insurance policies insuring any of the foregoing, whether now owned or hereafter acquired, and wherever located. B. Security Agreement-Pledge in the form of Exhibit 6.1.B attached to this Fourth Restated Agreementthe Prior Credit Agreements duly executed by Safe Seal and Harley, as applicable, creating a first priority lien, mortgage and security interest in and upon all of the outstanding and issued capital stock of LooneyHarley, KBAValve, LRA-CalSpinsafe, LRA-MidwestSafe Seal Canada, LRA-NEGSV and PSI (collectively, Block, Transcription and Xxxxxxthe "PLEDGED STOCK").

Collateral for Loans. The Loans shall be secured by the following -------------------- property (collectively, the "CollateralCOLLATERAL") and Liens in the Collateral shall be created by or in the Collateral Documents, including, but not limited to, those described as follows: A. A Security Agreement in the form of Exhibit 65. 1. A to this Fourth Restated Agreement, duly executed by each Borrower and each Consolidated Subsidiary which is subsequently made a Loan Party creating Borrower, creat- ing a first priority lien, mortgage lien and security interest in and upon all of the Borrower's present and future Accounts, Inventory, Equipment, furniture, Goods, Fixtures, General Intangibles, Instruments, margin accounts, tax refunds, Chattel Paper, drafts, acceptances, Contracts and Contract Rights, Documents, Title Documents, notes, returned and repossessed Goods and all other personal property or interests in personal property, together with all accessions to, substitutions for, and all replacements, products and proceeds of the foregoing (including, without limitation, proceeds of insurance policies insuring any of the foregoing), all books and records (including, without limitation, customer lists, credit files, computer programs, printouts and other computer materials and records) pertaining to any of the foregoing, and all insurance policies insuring any of the foregoing, whether now owned or hereafter acquired, and wherever located. B. A Security Agreement-Pledge in the form of Exhibit 6.1.B to this Fourth Restated Agreement5.1.B duly executed by Invatec and Puget (other than the Preferred Stock), as applicable, creating a first priority lien, mortgage lien and security interest in and upon all of the outstanding and issued capital stock of LooneyPuget, KBABenicia, LRA-CalSteam and Flickinger (collectively, LRA-Midwest, LRA-NE, Block, Transcription and Xxxxxxthe "PLEDGED STOCK").