Grant of Collateral. The Borrower has good and marketable title to all of the Collateral. The Borrower has taken all actions necessary to perfect its interest in the Collateral transferred by the Transferor. Except as otherwise expressly permitted by the terms of this Agreement, no item of Collateral has been sold, transferred, assigned or pledged by the Borrower to any Person, other than as contemplated by Article II and the Grant of such Collateral to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the terms of this Agreement.
Grant of Collateral. The Loan Parties have good and marketable title to all of the Collateral. Such Loan Party has taken all actions necessary to perfect its interest in the Collateral transferred by the Originator. Except as otherwise expressly permitted by the terms of this Agreement, no item of Collateral has been sold, transferred, assigned or pledged by such Loan Party to any Person, other than as contemplated by Article II and the Grant of such Collateral to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the terms of this Agreement.
Grant of Collateral. To secure the prompt payment and performance of the Obligations, the Borrower pledges, assigns, transfers and grants to the Bank a continuing first priority security interest in the following property of the Borrower (collectively, the "Collateral"):
Grant of Collateral. In the event that (a) after giving effect to a requested Revolving Credit Loan on or after the First Amendment Effective Date (a "Requested Loan") the aggregate Revolving Credit Loans then outstanding under the Revolving Credit Commitment would exceed the Revolving Credit Loan Cap or (b) the Company incurs a Net Loss in excess of $500,000 (x) for the fiscal quarter ending September 30, 2000 (calculated with respect to such fiscal quarter only), (y) for the fiscal quarter ending December 31, 2000 (calculated with respect to such fiscal quarter alone and with respect to the two fiscal quarters ending December 31, 2000) or (z) for the fiscal quarter ending March 31, 2001 (calculated with respect to such fiscal quarter alone and with respect to the three fiscal quarters ending March 31, 2001), then (1) the Company and each Guarantor shall grant to the Lender a first priority perfected security interest in all present and future accounts receivable of each such entity and in connection therewith, shall promptly execute and deliver to the Lender security agreements, UCC-1 financing statements, a legal opinion in form and substance satisfactory to the Lender as to the due execution, delivery and enforceability of such documents and such other matters as the Lender may reasonably request, and all such other documentation as shall be reasonably required by the Lender (all of the foregoing documentation to be in form and substance satisfactory to the Lender in all respects) in order to enable the Lender to obtain and perfect a first priority security interest in such collateral, with all expenses relating thereto (including, without limitation, the reasonable fees and expenses of counsel to the Lender in connection with the preparation of such documentation and UCC search and filing fees) to be paid by the Company and the Guarantor and (2) the Company and the Lender shall execute an amendment, in form and substance satisfactory to the Lender, to the Agreement pursuant to which the aggregate outstanding amount of all Revolving Credit Loans and the Term Loan shall thereafter be required to be equal to or less than a borrowing base to be determined with respect to accounts receivable of the Company, such borrowing base formula and all aspects of such borrowing base arrangement including, but not limited to, the advance rate to be applied to eligible accounts receivable, the definition of eligible accounts receivable, reporting requirements and the requirement for perio...
Grant of Collateral. Assignor hereby Grants to Assignee, absolutely and unconditionally, for the exclusive benefit and security of Assignee, all of Assignor’s rights, title and interests in, to and under, whether now owned or hereafter acquired, the Collateral. All Equity Bridge Loan Proceeds and the other Collateral under this Assignment will be made to Assignee or otherwise in accordance with the payment instructions received from Assignee. Such Grants are made to secure the payment and performance of the Obligations. Upon the occurrence of an Event of Default (past any applicable notice or cure period), the Collateral may be used by Assignee and applied from time to time to pay the outstanding principal balance, accrued interest and other amounts due under the Loan and all other Obligations.
Grant of Collateral. THIS SECTION INTENTIONALLY DELETED.
Grant of Collateral. To secure the prompt payment and performance of the Obligations, Borrower pledges, assigns, transfers, and grants to Fleet a continuing, first priority lien and security interest in the following property of Borrower (the "Collateral"): 15 (a) All domestic accounts (the "Accounts"), as that term is defined in Section 9-106 of the Uniform Commercial Code as in effect from time-to-time in the State of Connecticut (the "UCC"), including, without limitation, all accounts receivable, book debts and other forms of obligations, other than forms of obligations evidenced by Chattel Paper or Instruments, as those terms are defined below, now owned or hereafter received or acquired by or belonging or owing to Borrower, including, without limitation, under any trade name, style, or division thereof, whether arising out of goods sold or services rendered by Borrower or from any other transaction, whether or not the same involves the sale of goods or services by Borrower, including, without limitation, any such obligation which may be characterized as an account or contract right under the UCC, and all of Borrower's rights in to and under all purchase orders or receipts now owned or hereafter acquired by it for goods or services, and all of Borrower's rights to any goods represented by any of the foregoing, including, without limitation, unpaid seller's rights of rescission, replevin, reclamation or repossessed goods, and all monies due or to become due to Borrower under all purchase orders and contracts for the sale of goods or the performance of services or both by Borrower, whether or not yet earned by performance on the part of Borrower or in connection with any other transaction, now in existence or hereafter occurring, including, without limitation, the right to receive the proceeds of such purchase orders and contracts, and all collateral security and guaranties of any kind given by any person with respect to any of the foregoing; (b) All equipment (the "Equipment"), as that term is defined in Section 9-109(2) of the UCC, now or hereafter owned or acquired by Borrower and, in any event, shall include, without limitation, all machinery, tools, dyes, equipment, furnishings, vehicles, and computers and other electronic data processing and other office equipment, any and all additions, substitutions and replacements of any of the foregoing, wherever located, together with all attachments, components, parts, equipment and accessories installed thereon or affixed there...
Grant of Collateral. On the date hereof, as security for the payment of all Loans now or hereafter made by Lender under the Loan Agreement or under any Note, and as security for the payment or other satisfaction of all other Liabilities (including, without limitation, all reimbursement obligations under any Letters of Credit), each of Holdings and Bickford's hereby grants to Lender a security interest in and to the xxxxxxxxx property of each of them, whether now owned or existing, or hereafter acquired or coming into existence, wherever now or hereafter located (all such property is hereinafter referred to collectively as the "COLLATERAL"):
Grant of Collateral. 56 Section 8.1 Grant of Security Interest.............................56 Section 8.2 The Mortgage...........................................57 Section 8.3 Lenders' Rights........................................57 Section 8.4 Lenders' Appointment as Attorney-in-fact...............58
Grant of Collateral. As security for the payment and performance of the Credit Obligations described in Section 1 of the Credit Agreement (the "Secured Obligations"), the Company hereby creates a security interest in favor of the Lenders and the holders from time to time of the Secured Obligations in all of the Company's right, title and interest in and to (but none of its obligations or liabilities with respect to) the items and types of present and future property described below in this Section 1.1, whether now owned or hereafter acquired: Accounts receivable, contract rights, documents, instruments, general intangibles, inventory, goods, equipment, patents, copyrights, trademarks, domain names, goodwill, investment property, stock or other evidences of ownership, chattel paper, instruments, leases, commercial tort claims, cash, cash equivalents, deposit accounts, books, records, insurance proceeds, dividends, all other property, assets and items of value and proceeds and products of the foregoing (all of the above being included in the term "Collateral").
