Common use of Grant of Security Interest in the Collateral Clause in Contracts

Grant of Security Interest in the Collateral. To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Obligor hereby grants to the Administrative Agent, for the benefit of the holders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “Collateral”): (a) all of each Obligor’s right, title and interest in all shares of stock, membership interests and partnership interests described on Schedule 1(a) hereto and all certificates described on Schedule 1(a) hereto evidencing such shares, membership interests or partnership interests; (b) all Pledged Equity; (c) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon; and (d) all Proceeds of any and all of the foregoing. The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interests created hereby in the Collateral constitute continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising.

Grant of Security Interest in the Collateral. To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment acceleration or otherwise, of the Secured Obligations, each Obligor hereby grants to the Administrative Collateral Agent, for the benefit of the holders of the Secured ObligationsLenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"): (a) all of each Obligor’s right, title and interest in all shares of stock, membership interests and partnership interests described on Schedule 1(a) hereto and all certificates described on Schedule 1(a) hereto evidencing such shares, membership interests or partnership interestsAccounts; (b) all Pledged EquityInventory; (c) all Deposit Accounts, General Intangibles, Chattel Paper, Documents, and Instruments to the extent arising out of or resulting from the sale or lease of inventory or the rendering of services by Debtor; (d) all rights to receive payments under the Factoring Agreements; and (e) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such ObligorObligor or in which it has an interest) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon; and (df) to the extent not otherwise included, all Proceeds of any and all of the foregoing. The Obligors and the Administrative AgentAgents, on behalf of the Lenders, hereby acknowledge and agree that the security interests interest created hereby in the Collateral constitute constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising.

Grant of Security Interest in the Collateral. To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment acceleration or otherwise, of the Secured Obligations, each Obligor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the holders of the Secured ObligationsParties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"): (a) all of each Obligor’s right, title and interest in all shares of stock, membership interests and partnership interests described on Schedule 1(a) hereto and all certificates described on Schedule 1(a) hereto evidencing such shares, membership interests or partnership interestsAccounts; (b) all Pledged EquityInventory; (c) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such ObligorObligor or to the extent of its interest therein) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon; and (d) all Proceeds of any and all of the foregoing and, to the extent not included in the foregoing, all payments under any insurance (whether or not the Collateral Agent is the loss payee therefore), indemnity, warranty or guaranty with respect to any of the foregoing Collateral. The Obligors and the Administrative Collateral Agent, on behalf of the LendersSecured Parties, hereby acknowledge and agree that the security interests interest created hereby in the Collateral constitute constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising.

Grant of Security Interest in the Collateral. To Subject to Section 25 hereof, to secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment acceleration or otherwise, of the Secured Obligations, each Obligor hereby grants to the Administrative Collateral Agent, for the ratable benefit of the holders of the Secured ObligationsParties, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"): (a) all of each Obligor’s right, title and interest in all shares of stock, membership interests and partnership interests described on Schedule 1(a) hereto and all certificates described on Schedule 1(a) hereto evidencing such shares, membership interests or partnership interestsAccounts; (b) all Pledged EquityInventory; (c) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such ObligorObligor or to the extent of its interest therein) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon; and (d) all Proceeds of any and all of the foregoing and, to the extent not included in the foregoing, all payments under any insurance (whether or not the Collateral Agent is the loss payee therefore), indemnity, warranty or guaranty with respect to any of the foregoing Collateral. The Obligors and the Administrative Collateral Agent, on behalf of the LendersSecured Parties, hereby acknowledge and agree that the security interests interest created hereby in the Collateral constitute constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising.

Grant of Security Interest in the Collateral. To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment acceleration or otherwise, of the Secured Obligations, each Obligor hereby grants to the Administrative Agent, for the benefit of the holders of the Secured ObligationsLenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to all of the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the “"Collateral”"): (a) all of each Obligor’s right, title and interest in all shares of stock, membership interests and partnership interests described on Schedule 1(a) hereto and all certificates described on Schedule 1(a) hereto evidencing such shares, membership interests or partnership interestsAccounts; (b) all Pledged EquityInventory; (c) all Trademarks; (d) all Trademark Licenses; (e) all actions of infringement, including the rights to sue xxx and to recover and retain all damages and profits arising from past infringements concerning any Trademarks or Trademark Licenses; (f) all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such ObligorObligor or in which (i) it has an interest and (ii) a security interest may be granted) that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon; (g) all Subsidiary Assets; (h) all cash and Cash Equivalents maintained on deposit with the Agent; and (di) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing. The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that the security interests interest created hereby in the Collateral constitute (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arisingarising and (ii) is not to be construed as an assignment of any Trademarks or Trademark Licenses.