Common use of Assignment and Grant of Security Interest Clause in Contracts

Assignment and Grant of Security Interest. As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Loans and all other Obligations, the Pledgor hereby sells, assigns, conveys, mortgages, pledges, hypothecates and transfers to the Collateral Agent for the ratable benefit of the Secured Parties, and hereby grants to the Collateral Agent for the ratable benefit of the Secured Parties a continuing first (other than as to Permitted Liens) priority security interest in, to and under all of the following property now owned or at any time hereafter acquired by the Pledgor or in which the Pledgor now has or at any time in the future may acquire any rights, title or interest (all of which being hereinafter collectively called the "Collateral"): (i) all right, title and interest of the Pledgor in the Limited Partnership; (ii) any and all moneys due and to become due to the Pledgor now or in the future by way of a distribution made to the Pledgor in its capacity as a partner of the Limited Partnership; (iii) any and all moneys due or to become due to the Pledgor now or in the future by virtue of the Pledgor's interest as a partner in the Limited Partnership; (iv) any other property of the Limited Partnership to which the Pledgor now or in the future may be entitled in its capacity as a partner of the Limited Partnership by way of distribution, return of capital or otherwise; (v) any other claim which the Pledgor now has or may in the future acquire in its capacity as a partner of the Limited Partnership against the Limited Partnership and its property; and (vi) to the extent not otherwise included, all Proceeds of any or all of the foregoing.

Appears in 1 contract

Sources: Assignment and Security Agreement (Cogen Technologies Inc)

Assignment and Grant of Security Interest. As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Loans and all other Obligations, the Pledgor hereby sells, assigns, conveys, mortgages, pledges, hypothecates and transfers to the Collateral Agent for the ratable benefit of the Secured Parties, and hereby grants to the Collateral Agent for of the ratable benefit of the Secured Parties a continuing first (other than as to Permitted Liens) priority security interest in, to and under all of the following property now owned or at any time hereafter acquired by the Pledgor or in which the Pledgor now has or at any time in the future may acquire any rights, title or interest (all of which being hereinafter collectively called the "Collateral"): (i) all right, title and interest of the Pledgor in the Limited PartnershipGeneral Partner; (ii) any and all moneys due and to become due to the Pledgor now or in the future by way of a distribution made to the Pledgor in its capacity as a partner of the Limited PartnershipGeneral Partner; (iii) any and all moneys due or to become due to the Pledgor now or in the future by virtue of the Pledgor's interest as a partner in the Limited PartnershipGeneral Partner; (iv) any other property of the Limited Partnership General partner to which the Pledgor now or in the future may be entitled in its capacity as a partner of the Limited Partnership General Partner by way of distribution, return of capital or otherwise; (v) any other claim which the Pledgor now has or may in the future acquire in its capacity as a partner of the Limited Partnership General Partner against the Limited Partnership General Partner and its property; and (vi) to the extent not otherwise included, all Proceeds of any or all of the foregoing.

Appears in 1 contract

Sources: Pledge and Security Agreement (Cogen Technologies Inc)

Assignment and Grant of Security Interest. As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Loans and all other Obligations, the Pledgor hereby sells, assigns, conveys, mortgages, pledges, hypothecates and transfers to the Collateral Agent for the ratable benefit of the Secured PartiesGP Lender, and hereby grants to the Collateral Agent for the ratable benefit of the Secured Parties GP Lender a continuing first (other than as to Permitted Liens) priority security interest in, to and under all of the following property now owned or at any time hereafter acquired by the Pledgor or in which the Pledgor now has or at any time in the future may acquire any rights, title or interest (all of which being hereinafter collectively called the "Collateral"): (i) all right, title and interest of the Pledgor in the Camden Limited Partnership; (ii) any and all moneys due and to become due to the Pledgor now or in the future by way of a distribution made to the Pledgor in its capacity as a partner of the Camden Limited Partnership; (iii) any and all moneys due or to become due to the Pledgor now or in the future by virtue of the Pledgor's interest as a partner in the Camden Limited Partnership; (iv) any other property of the Camden Limited Partnership to which the Pledgor now or in the future may be entitled in its capacity as a partner of the Camden Limited Partnership by way of distribution, return of capital or otherwise; (v) any other claim which the Pledgor now has or may in the future acquire in its capacity as a partner of the Camden Limited Partnership against the Camden Limited Partnership and its property; and (vi) to the extent not otherwise included, all Proceeds of any or all of the foregoing.

Appears in 1 contract

Sources: Assignment and Security Agreement (Cogen Technologies Inc)

Assignment and Grant of Security Interest. As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Loans and all other Obligationsobligations, the Pledgor hereby sells, assigns, conveys, coveys mortgages, pledges, hypothecates and transfers to the Collateral Agent for the ratable benefit of the Secured Parties, and hereby grants to the Collateral Agent for the ratable benefit of the Secured Parties a continuing first (other than as to Permitted Liens) priority security interest Interest in, to and under all of the following property now owned or at any time hereafter acquired by the Pledgor or in which the Pledgor now has or at any time in the future may acquire any rights, title or interest Interest (all of which being hereinafter collectively called the "Collateral"): (i) all right, title and interest Interest of the Pledgor in the Limited PartnershipGeneral Partner; (ii) any and all moneys due and to become due to the Pledgor now or in the future by way of a distribution made to the Pledgor in its capacity as a partner of the Limited PartnershipGeneral Partner; (iii) any and all moneys due or to become due to the Pledgor now or in the future by virtue of the Pledgor's interest Interest as a partner in the Limited PartnershipGeneral Partner; (iv) any other property of the Limited Partnership General Partner to which the Pledgor now or in the future may be entitled in its capacity as a partner of the Limited Partnership General Partner by way of distribution, return of capital or otherwise; (v) any other claim which the Pledgor now has or may in the future acquire in its capacity as a partner of the Limited Partnership General Partner against the Limited Partnership General Partner and its property; and (vi) to the extent not otherwise included, all Proceeds of any or all of the foregoing.

Appears in 1 contract

Sources: Pledge and Security Agreement (Cogen Technologies Inc)