Collateral and Security Interest Clause Samples

Collateral and Security Interest. 4.1 The Grantor hereby pledges to the Trustee for its benefit and for the ratable benefit of the holders of the Notes and hereby grants to the Trustee for its benefit and for the ratable benefit of the holders of the Notes a continuing first priority security interest in, and a lien on, all of the Grantor’s right, title and interest in, to and under the following (hereinafter collectively referred to as the “Collateral”), whether characterized as investment property, certificated securities, uncertificated securities, general intangibles or otherwise: (a) the Escrow Account and all financial assets credited to the Escrow Account, all funds held therein and all certificates and instruments, if any, from time to time representing or evidencing the Escrow Account, (b) all Collateral Investments (as hereinafter defined) and all certificates and instruments, if any, representing or evidencing the Collateral Investments, and any and all security entitlements to the Collateral Investments, and any and all related securities accounts in which security entitlements to the Collateral Investments are carried, (c) all cash, notes, deposit accounts, checks and other instruments, if any, from time to time hereafter delivered to or otherwise possessed by the Escrow Agent for or on behalf of the Grantor in substitution for or in addition to any or all of the then existing Collateral, (d) all of Grantor’s rights under this Agreement and (e) all proceeds of and other distributions on or with respect to any and all of the foregoing Collateral (including, without limitation, all dividends, interest, principal payments, cash, options, warrants, rights, investments, subscriptions and other property or proceeds, including proceeds that constitute property of the types described in clauses (a) through (d) of this Section 4.1). The Escrow Agent (in its capacity as a securities intermediary) hereby agrees that it will comply with written entitlement orders or instructions originated by the Trustee without further consent by the Grantor (in its capacity as a debtor/entitlement holder), it being acknowledged and agreed that so long as the Escrow Agent has not received notice from the Trustee that an Event of Default exists, the Escrow Agent shall honor entitlement orders issued by the Grantor in accordance with Section 5 or 7 hereof. 4.2 The pledge, security interest and lien granted by the Grantor pursuant to Section 4.1 above secures the prompt and complete payment and performance ...

Collateral and Security Interest. 4.1. 4.2. 4.3. 4.4. 4.5. 4.6. 4.7. 4.8. ARTICLE 5.

Collateral and Security Interest. Each Grantor hereby pledges and assigns such Grantor's respective Membership Interest to Secured Party, together with all income, profits, distributions, capital surplus, return of capital, management rights, if any, or other tangible or intangible property related to or derived from such Membership Interest, and grants to Secured Party a first priority lien and security interest therein and such other rights and remedies as may be granted to a secured party under the laws of the State of California ("Security Interest") in and to all of such Grantor's right, title and interest in such Grantor's Membership Interest and all proceeds thereof ("Collateral").

Collateral and Security Interest. (a) Borrower represents and warrants to Senior Lender that the only security interest, lien, or other encumbrance, of any kind, that Junior Lender has in and to the Land to secure all or any part of the Junior Obligations are as set forth in the Junior Loan Documents. . (b) Except as may be required by law and Section 6(b) below, Senior Lender shall have no obligation to Junior Lender with respect to the Deed of Trust Property or the Senior Obligations. Senior Lender may in accordance with the Senior Loan Documents (i) exercise collection rights; (ii) take possession of, sell or dispose of, and otherwise deal with, the Deed of Trust Property; (iii) in the name of Senior Lender, Junior Lender, or Borrower, demand, sue for, collect, or receive any money or property at any time payable or receivable on account of the Deed of Trust Property; (iv) prosecute, settle, and receive proceeds on any insurance claims relating to the Deed of Trust Property; and (v) exercise and enforce any right or remedy available to the Senior Lender with respect to the Deed of Trust Property, whether available before or after the occurrence of any default; all without consent of Junior Lender except as specifically required by law. Senior Lender may apply the proceeds from the exercise of such remedies or otherwise from the Deed of Trust Property for Repayment in Full of the Senior Obligations in

Collateral and Security Interest. (a) In order to secure the timely and complete payment or repayment and performance of all Advances and all other amounts, agreements, liabilities, indemnities and obligations owing or due to Lender by Borrower under, or arising out of, any or all of this Agreement and the Related Agreements, whether now existing or hereafter arising, whether direct or indirect, joint or several, absolute or contingent, liquidated or unliquidated, matured or unmatured, or related or unrelated (collectively, the “Obligations”), Borrower hereby grants a continuing, security interest (the “Security Interest”) to Lender in all of the membership interests of Borrower along with Borrower’s real estate, accounts receivable, accounts, contract rights, deposits, deposit accounts, general intangibles, inventory, equipment, fixtures, letter-of-credit rights, instruments, investment property, documents, commercial tort claims, monies and all other assets, wherever located and whether now existing or owned or hereafter acquired or arising, all supporting obligations thereof, and all products and proceeds thereof (collectively, the “Collateral”) to the extent permitted by applicable law. Borrower represents and warrants to Lender that Borrower owns the Collateral free and clear of any adverse liens, security interests and encumbrances. Borrower will defend the Collateral against the claims and demands of any other persons claiming the same or any interest therein. The Security Interest shall be a first and continuing interest in all Collateral. (b) For the avoidance of doubt, the “Collateral” shall not include any permits or licenses issued by any local municipality or the Michigan Bureau of Marihuana Regulation (“BMR”) pursuant to Michigan’s Medical Marihuana Facilities Licensing Act or Regulation and Taxation of Marihuana Act, (collectively, the “Licenses”), nor Borrower’s ability to conduct business pursuant to those Licenses and in accordance with the regulations promulgated by the BMR in furtherance of the aforementioned statutory provisions (collectively the “Regulations”). Similarly, the term “Collateral” expressly excludes any inventory of Borrower which may only be cultivated, processed, possessed or sold by virtue of the Licenses and pursuant to the Regulations. (c) Borrower will cooperate with Lender and execute all documents and agreements reasonably requested by Lender to enable Lender to further evidence or perfect such security interest or the other provisions of this Agr...

Collateral and Security Interest. The collateral for the Advances shall be the Company's parts inventory, fixtures, equipment and all other assets (the "Collateral"). To secure the payment of the Advances and interest thereon (together, the "Obligation"), the Company does hereby grant to Framan Co. a security interest in each and all of the Collateral. The Company shall ▇▇▇▇▇ ▇▇▇▇▇▇ Co. access to the Company's books for the purposes of review with prior notice during normal business hours.

Collateral and Security Interest. Until all of the Senior Obligations have been paid in full, the Junior Lender shall not demand, receive or accept (i) a pledge of any of the Mortgaged Property as security for the Junior Obligations, or (ii) a grant of any security interest or any other right or interest in any of the Mortgaged Property.

Collateral and Security Interest. Section 5 of the Agreement is hereby amended in its entirety as follows:

Collateral and Security Interest. To secure the payment, observance and performance of the Syndication Notes, Borrowers shall grant to the Associations mortgage liens and security interests in and upon the Real Property and Personal Property in accordance with the terms of the Security Instruments.