Grant of Lien and Security Interest. (a) Subject to Section 6.7, each Participant grants to the other Participant a lien upon and a security interest in its Participating Interest, including all of its right, title and interest in the Assets, whenever acquired or arising, and the proceeds from and accessions to the foregoing.
Grant of Lien and Security Interest. (a) Subject to Section 4.4, each Member grants the other Member a lien upon and a security interest in its Ownership Interest, including but not limited to all of its rights, titles and interests in the Assets, whenever acquired or arising, and proceeds from and accessions to the foregoing.
Grant of Lien and Security Interest. (A) Effective as of the occurrence of any Trigger Event and upon the giving of a Trigger Event Notice, and without any other action being required by any Person, as security for the prompt satisfaction of all Obligations, each Borrower hereby assigns, transfers and sets over to Bank all of such Borrower’s Interest in and to, and grants Bank a Lien on, upon and in the Collateral.
Grant of Lien and Security Interest. Title to the Items of Equipment shall remain in Lessor as security for the obligations of Lessee hereunder and under the other Operative Documents to which it is a party until Lessee has fulfilled all of its obligations hereunder and thereunder. Lessee hereby grants, assigns, hypothecates, transfers and pledges to Lessor, a lien and security interest on all of Lessee’s right, title and interest in and to, whether now or hereafter existing, each Item of Equipment and in each Sublease covering any Item of Equipment that may be entered into from time to time in accordance with the provisions of this Lease, and Lessee hereby grants to Lessor a continuing lien on, and security interest in, and assigns to Lessor all of Lessee’s rights, title and interest in all of the other Lessee Collateral, to secure the payment of all sums due hereunder and under the other Operative Documents to which it is a party and the performance of all other obligations hereunder and under the other Operative Documents to which it is a party; provided, however, that the lien on, and security interest in, the portion of the Lessee Collateral which constitutes Cash Collateral will not secure any obligations of the Lessee under the Operative Documents with respect to the Series B Lease Balance or any amounts due and owing with respect to such Series B Lease Balance or to the Series B Assignees, if any. Lessee also hereby authorizes Lessor and Agent to file UCC financing statements on and after the Delivery Date to the extent necessary to perfect such security interests granted pursuant to the Operative Documents that may be perfected under the UCC through such filings. Further, Lessee hereby assigns to Lessor all of its rights under any and all purchase contracts relating to each Item of Equipment.
Grant of Lien and Security Interest. (a) As security for the prompt satisfaction of all Loan Obligations, Holdings, the Borrower and each Borrower Subsidiary hereby assigns, transfers, and sets over to the Agent Lender, for the benefit of both Lenders, all of Holdings, the Borrower’s and each Borrower Subsidiary’s right, title and interest of whatever kind, nature or description in and to, and grants the Agent Lender, for the benefit of both Lenders, a lien on and security interest in the Collateral; provided, however, that the Pasadena Project and the Westwood Project shall only serve as security for the prompt satisfaction of all Loan Obligations relating to the Pasadena Project and the Westwood Project, respectively.
Grant of Lien and Security Interest. Title to the Leased Property is held by and shall remain in Lessor, as security for the obligations of Lessee hereunder and under each of the other Operative Documents to which it is a party until such time as Lessee shall have fulfilled all of its obligations hereunder and under such other Operative Documents. Lessee hereby mortgages, grants, conveys, assigns, warrants, transfers, sets over and pledges to Lessor for the benefit of the Participants a mortgage and Lien against all of Lessee's right, title and interest, whether now or hereafter existing or acquired, in the Leased Property and the other Lease Collateral to secure the payment and performance of all obligations of Lessee now or hereafter existing under this Lease or any other Operative Document, TO HAVE AND TO HOLD the Lease Collateral and the rights and privileges hereby mortgaged unto Lessor, its successors and assigns for the uses and purposes set forth, until all the obligations hereunder and under such other Operative Documents are paid, performed and satisfied in full. Lessee shall, at its expense, do any further act and execute, acknowledge, deliver, file, register and record any further documents (including the Deed of Trust) which Lessor or Agent may reasonably request in order to protect its title to and perfected Lien in the Leased Property and the other Lease Collateral, subject to no Liens other than Permitted Liens, and Lessor's rights and benefits under this Lease. Lessee shall promptly and duly execute and deliver to Lessor such documents and assurances (including the Deed of Trust) and take such further actions as Lessor or Agent may from time to time reasonably request in order to carry out more effectively the intent and purpose of this Lease and the other Operative Documents, to establish and protect the rights and remedies created or intended to be created in favor of Lessor hereunder and thereunder, and to establish, perfect and maintain the right, title and interest of Lessor in and to the Leased Property and the other Lease Collateral, subject to no Lien other than Permitted Liens, or of such Deed of Trust, financing statements or fixture filings or other documents with respect hereto as Lessor or Agent may from time to time reasonably request, and Lessee agrees to execute and deliver promptly such of the foregoing Deed of Trust, financing statements and fixture filings or other documents as may require execution by Lessee. To the extent permitted by Applicable Laws, Les...
Grant of Lien and Security Interest. To secure the prompt and complete payment, performance and observance of all of the Obligations, Grantors hereby grant, assign, convey, mortgage, pledge, hypothecate and transfer to the Secured Party (i) a first priority Lien and security interest in all (a) Assets, and (b) Hartsdale Inventory, and (ii) a junior Lien on all JCI Inventory, subordinated to the Liens granted in connection with the Tranche A Note and Tranche C Note.
Grant of Lien and Security Interest. (a) Borrower hereby acknowledges and confirms that the First Mortgage, as modified hereby, constitutes a first priority security conveyance of and first lien on the Property, subject only to the Permitted Exceptions set forth therein. Borrower hereby acknowledges and confirms that the Second Mortgage, as modified hereby, constitutes a second priority security conveyance of and second lien on the Property, subject only to the First Mortgage and to the Permitted Exceptions set forth in the Second Mortgage.
Grant of Lien and Security Interest. (1) Pursuant to this Agreement and the Security Documents, the Borrower hereby assigns, pledges, transfers, grants, confirms and sets over unto the Lender, and hereby grants and creates in favor of the Lender a security interest in and to, the Collateral other than Avoidance Actions.
Grant of Lien and Security Interest. (A) To secure all the Obligations, including the compliance by Borrower with Borrower's obligations under this Agreement, Borrower hereby assigns, transfers and sets over to Bank all of Borrower's Interest in and to, and grants Bank a Lien upon, on and in the Collateral.
