Common use of Collateral Granted Clause in Contracts

Collateral Granted. AmeriKing Indiana Holdings (a) hereby ------------------ ratifies and affirms the grants of security interests made pursuant to the Existing Security Agreement, and (b) to the extent not covered by clause (a), further grants to the Agent, for the benefit of the Banks and the Agent, to secure the payment and performance in full of all of the Obligations and of AmeriKing Indiana Holdings' obligations set forth in the AmeriKing Indiana Holdings Guaranty, a security interest in and so pledges and assigns to the Agent, for the benefit of the Banks and the Agent, the following properties, assets and rights of AmeriKing Indiana Holdings, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof (all of the same being hereinafter called the "Collateral"): All personal and fixture property of every kind and nature including without limitation all furniture, fixtures, equipment, raw materials, inventory, other goods, accounts, contract rights, rights to the payment of money, insurance refund claims and all other insurance claims and proceeds, tort claims, chattel paper, documents, instruments, securities and other investment property, deposit accounts, rights to proceeds of letters of credit and all general intangibles including, without limitation, all tax refund claims, license fees, patents, patent applications, trademarks, trademark applications, trade names (other than trademarks and trade names owned by Burger King Corporation and licensed to AmeriKing Indiana Holdings), copyrights, copyright applications, rights to ▇▇▇ and recover for past infringement of patents, trademarks and copyrights, computer programs, computer software, engineering drawings, service marks, customer lists, goodwill, and all licenses, permits, franchise agreements, agreements of any kind or nature pursuant to which AmeriKing Indiana Holdings possesses, uses or has authority to possess or use property (whether tangible or intangible) of others or others possess, use or have authority to possess or use property (whether tangible or intangible) of AmeriKing Indiana Holdings, and all recorded data of any kind or nature, regardless of the medium of recording including, without limitation, all software, writings, plans, specifications and schematics.

Appears in 1 contract

Sources: Security Agreement (National Restaurant Enterprises Holdings Inc)

Collateral Granted. AmeriKing Indiana Holdings LP (a) hereby ------------------ ratifies and affirms ------------------ the grants of security interests made pursuant to the Existing Security Agreement, and (b) to the extent not covered by clause (a), further grants to the Agent, for the benefit of the Banks and the Agent, to secure the payment and performance in full of all of the Obligations and of AmeriKing Indiana Holdings' LP's obligations set forth in the AmeriKing Indiana Holdings LP Guaranty, a security interest in and so pledges and assigns to the Agent, for the benefit of the Banks and the Agent, the following properties, assets and rights of AmeriKing Indiana HoldingsLP, wherever located, whether now owned or hereafter acquired or arising, and all proceeds and products thereof (all of the same being hereinafter called the "Collateral"): All personal and fixture property of every kind and nature including without limitation all furniture, fixtures, equipment, raw materials, inventory, other goods, accounts, contract rights, rights to the payment of money, insurance refund claims and all other insurance claims and proceeds, tort claims, chattel paper, documents, instruments, securities and other investment property, deposit accounts, rights to proceeds of letters of credit and all general intangibles including, without limitation, all tax refund claims, license fees, patents, patent applications, trademarks, trademark applications, trade names (other than trademarks and trade names owned by Burger King Corporation and licensed to AmeriKing Indiana HoldingsLP), copyrights, copyright applications, rights to ▇▇▇ and recover for past infringement of patents, trademarks and copyrights, computer programs, computer software, engineering drawings, service marks, customer lists, goodwill, and all licenses, permits, franchise agreements, agreements of any kind or nature pursuant to which AmeriKing Indiana Holdings LP possesses, uses or has authority to possess or use property (whether tangible or intangible) of others or others possess, use or have authority to possess or use property (whether tangible or intangible) of AmeriKing Indiana HoldingsLP, and all recorded data of any kind or nature, regardless of the medium of recording including, without limitation, all software, writings, plans, specifications and schematics.

Appears in 1 contract

Sources: Security Agreement (National Restaurant Enterprises Holdings Inc)