Common use of Creation of Security Interest Clause in Contracts

Creation of Security Interest. As security for the Indebtedness (hereinafter defined), each Debtor hereby pledges and grants to Secured Party, as Agent for and on behalf of Banks, a security interest in the following described property of Debtor (the “Collateral”):

Appears in 4 contracts

Samples: Security Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Security Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Security Agreement (North Pointe Holdings Corp)

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Creation of Security Interest. As security for the Indebtedness (hereinafter defined), each Debtor hereby pledges and grants to Secured Party, as Agent for and on behalf of Banks, a security interest in the following described property of Debtor (the "Collateral"):

Appears in 4 contracts

Samples: Security Agreement (Aqua Chem Inc), Revolving Credit Agreement (Alrenco Inc), Security Agreement (North Pointe Holdings Corp)

Creation of Security Interest. As security for the Indebtedness (hereinafter defined), each Debtor hereby assigns, pledges and grants to Secured Party, as Agent for and on behalf of Banks, Party a security interest in Debtor's right, title and interest in and to the following collateral described property in Section 2 hereof (the "Collateral"), in each case whether now owned or hereafter acquired by Debtor, in order to secure the payment and performance of the obligations of Debtor (the “Collateral”):to Secured Party described in Section 3 hereof.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ascent Pediatrics Inc), Asset Purchase Agreement (Ascent Pediatrics Inc)

Creation of Security Interest. As security for the Indebtedness (hereinafter defined), each a) Debtor hereby assigns, pledges and grants to Secured Party, as Agent for and on behalf of BanksSecured Party itself and its Affiliates, a security interest in the following described property of Debtor (the “CollateralSecurity Interest):) in the Collateral to secure the payment and performance of the Secured Obligations (as hereinafter defined).

Appears in 2 contracts

Samples: Security Agreement (Lakes Entertainment Inc), Security Agreement (Lakes Entertainment Inc)

Creation of Security Interest. As security for the Indebtedness (hereinafter defined), each 3.1 The Debtor hereby pledges grants, mortgages, charges, transfers, assigns and grants creates to and in favour of the Secured Party, as Agent for and on behalf of Banks, Party a security interest in the following described property of Debtor (the “Collateral”):in:

Appears in 2 contracts

Samples: Loan Agreement (Avino Silver & Gold Mines LTD), General Security Agreement (Liberty Star Uranium & Metals Corp.)

Creation of Security Interest. As security for the Indebtedness (hereinafter defined), each Debtor hereby pledges and grants to Secured Party, as Agent for and on behalf of Banks, Party a security interest in and does hereby collaterally assign, pledge, mortgage, convey and set over unto Secured Party the following property described property of Debtor as follows (hereinafter referred to as collectively as the "Collateral"):

Appears in 1 contract

Samples: Security Agreement (Circuit Systems Inc)

Creation of Security Interest. As security for the Indebtedness (hereinafter defined)Debtor, and each Debtor of them, hereby pledges and grants to Secured Party, as Agent for and on behalf of Banks, Party a security interest in and does hereby collaterally assign, pledge, mortgage, convey and set over unto Secured Party the following property described property of Debtor as follows (hereinafter referred to collectively as the "Collateral”):"), whether now owned or hereafter acquired:

Appears in 1 contract

Samples: Security Agreement (Learncom Inc /Nv/)

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Creation of Security Interest. As security for Debtors, in order to secure: (1) payment of the Indebtedness Indebtedness, including renewals and extensions thereof; (hereinafter defined)2) all costs and expenses incurred in collection of this debt, each Debtor including reasonable attorney's fees (together with interest on all of the foregoing) consideration, the sufficiency and receipt of which is hereby pledges acknowledged, does hereby assign, transfer and grants convey to Secured Party, as Agent for and on behalf of Banks, Party a security interest in the following described property of Debtor (the “Collateral”):.

Appears in 1 contract

Samples: Security Agreement (Cd International Enterprises, Inc.)

Creation of Security Interest. As security for the Indebtedness repayment of the indebtedness evidenced by the Note and the payment and performance of any and all other obligations of Debtor to Secured Party (hereinafter definedcollectively, the “Obligations”), each the Debtor hereby pledges and grants to and creates in favor of the Secured Party, as Agent for and on behalf of Banks, Party a security interest in the following described property properties, assets and rights of Debtor the Debtor, whether now owned or hereafter acquired or arising, and wherever located (the “Collateral”):

Appears in 1 contract

Samples: Security Agreement (Net Element, Inc.)

Creation of Security Interest. As security for the Indebtedness (hereinafter defined), each 3.1 The Debtor hereby grants, mortgages, charges, transfers, assigns, pledges and creates in favour of the Secured Party and grants to the Secured Party, as Agent for and on behalf of Banks, Party a security interest in the following described property of Debtor (the “Collateral”):in:

Appears in 1 contract

Samples: General Security Agreement (Imagis Technologies Inc)

Creation of Security Interest. As security for the Indebtedness (hereinafter defined), each Debtor hereby pledges and grants to Secured Party, as Agent for and on behalf of Banks, a security interest in the following described property of such Debtor (the "Collateral"):

Appears in 1 contract

Samples: Security Agreement (Aspect Communications Corp)

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