Common use of COLLATERAL SECURITIES Clause in Contracts

COLLATERAL SECURITIES. As collateral for the Obligations throughout the term of the Lease, Tenant will pledge to Landlord, and grant Landlord, a perfected, first priority security interest in, Collateral Securities held in the Control Account with a Market Value at all times equal to the Required Balance. A list of the initial Collateral Securities pledged by Tenant and held in the Control Account is attached to this Agreement as EXHIBIT B.