Deposit of Debenture Clause Samples
Deposit of Debenture. The Corporation hereby transfers, assigns, mortgages, charges, hypothecates, grants a security interest in and pledges and delivers the Debenture to and deposits the Debenture with the Holder to be held by the Holder as general and continuing collateral security for the payment and performance by the Corporation of all its obligations, indebtedness and liabilities, present or future, direct or indirect, absolute or contingent, matured or not, extended or renewed, to the Lender Parties pursuant to the Credit Agreement (including future advances) and the other Loan Documents (other than the Principal Amount under and as defined in the Debenture), wheresoever and howsoever incurred and any ultimate unpaid balance thereof and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether the Corporation be bound alone or with another or others and whether as principal or surety (collectively, the “Liabilities”). This Agreement is granted to the Holder on its own behalf and in its capacity as Administrative Agent for and on behalf of the Lender Parties. All of the covenants, representations, warranties, rights, benefits and protections made or given in favour of the Holder hereunder are acknowledged to be for the joint and several benefit of the Holder and each of the Lender Parties from time to time. The Corporation acknowledges that:
Deposit of Debenture. The Debenture is hereby delivered to and deposited with the Holder to be held by the Holder as continuing collateral security for the payment and performance by the Debtor to all Beneficiaries of [the Guaranteed Obligations and] all obligations, indebtedness and liabilities of the Debtor, present or future, direct or indirect, absolute or contingent, matured or not, extended or renewed, pursuant to [the Credit Agreement, any Secured Swap Agreement and any Cash Management Document] [the Guarantee]; in any case wheresoever and howsoever incurred and any ultimate unpaid balance thereof and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether the Debtor be bound alone or with another or others and whether as principal or surety (collectively, the “Liabilities”).
Deposit of Debenture. The Debenture (together with all renewals thereof, substitutions therefor, accretions thereto, interest thereon and proceeds thereof) is hereby delivered to and deposited with the Holder to be held by the Holder as continuing collateral security for the payment and performance by the Debtor of all [Obligations and Secured Swap Obligations] [Guaranteed Obligations (as defined in the Guarantee)] (present or future, direct or indirect, absolute or contingent, matured or not, extended or renewed), wheresoever and howsoever incurred and any ultimate unpaid balance thereof and whether the same is from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether the Debtor be bound alone or with another or others and whether as principal or surety (collectively, the "Liabilities"). [use first bracketed text for Borrower and second for Subsidiary Guarantors]
Deposit of Debenture. The Corporation hereby transfers, assigns, mortgages, charges, hypothecates, grants a security interest in and pledges and delivers the Debenture to and deposits the Debenture with the Holder to be held by the Holder as general and continuing collateral security for the payment and performance by the Corporation of all its obligations, indebtedness and liabilities, present or future, direct or indirect, absolute or contingent, matured or not, extended or renewed, pursuant to the Guarantee, wheresoever and howsoever incurred and any ultimate unpaid balance thereunder and whether the same are from time to time reduced and thereafter increased or entirely extinguished and thereafter incurred again and whether the Corporation be bound alone or with another or others and whether as principal or surety (collectively, the "LIABILITIES"). The Corporation acknowledges that:
(a) value has been given;
(b) the Corporation has rights in the Debenture;
(c) the time of attachment of the security interest created by this Agreement has not been postponed; and
(d) the security interest created by this Agreement is effective forthwith on the Corporation's execution of this Agreement.
Deposit of Debenture. The Corporation hereby delivers the Debenture to the Agent to be held by it, as administrative agent for the Banks, pursuant to the provisions hereof as continuing security for the due, prompt and complete payment, performance and satisfaction of all the Obligations.