Common use of Additional Security Interest Clause in Contracts

Additional Security Interest. Borrower hereby grants and assigns to Administrative Agent, for the benefit of Lenders, a security interest, to secure payment and performance of all obligations, in all of Borrower’s right, title and interest, now or hereafter acquired, to all amounts at any time payable to Borrower under any Swap Agreement.

Appears in 2 contracts

Sources: Building Loan Agreement (Taubman Centers Inc), Construction Loan Agreement (Imax Corp)

Additional Security Interest. Borrower hereby grants and assigns to Administrative Agent, for the benefit of the Lenders, a security interest, to secure payment and performance of all obligations, in all of Borrower’s right, title and interest, now or hereafter acquired, to all amounts at any time payable the payment of money from Administrative Agent to Borrower under any Swap AgreementDerivative Contract.

Appears in 1 contract

Sources: Loan Agreement (Chesapeake Lodging Trust)

Additional Security Interest. Borrower hereby grants and assigns to Administrative Agent, for the benefit of the Lenders, a security interest, to secure payment and performance of all obligationsObligations, in all of Borrower’s right, title and interest, now or hereafter acquired, to all amounts at the payment of money from any time payable Secured Swap Provider to Borrower under any Swap AgreementSecured Rate Contract.

Appears in 1 contract

Sources: Loan Agreement (Howard Hughes Corp)