Grant of Security and Secured Obligations Sample Clauses
The "Grant of Security and Secured Obligations" clause establishes that a borrower or debtor is providing a security interest in certain assets to a lender or creditor as collateral for specific obligations, such as repayment of a loan. This clause typically details which assets are being pledged—such as inventory, equipment, or receivables—and defines the scope of the obligations that are secured, which may include principal, interest, fees, and other related liabilities. Its core function is to legally protect the lender by ensuring they have a claim to the specified assets if the borrower defaults, thereby reducing the lender's risk and clarifying the extent of the secured interests.
Grant of Security and Secured Obligations. SECTION 2.1. Pledge; Grant of Security Interest 6 SECTION 2.2. Secured Obligations 7 SECTION 2.3. Security Interest 7
Grant of Security and Secured Obligations. SECTION 2.1. Grant of Security Interest8
SECTION 2.2. Filings9
Grant of Security and Secured Obligations. SECTION 2.1. Grant of Security Interests................................................. 10 SECTION 2.2. Filings..................................................................... 11
Grant of Security and Secured Obligations. 11 SECTION 2.1
Grant of Security and Secured Obligations. SECTION 2.1 Pledge-First Priority ..................................................... 10 SECTION 2.2 Pledge-Second Priority .................................................... 11 SECTION 2.3
Grant of Security and Secured Obligations. SECTION 2.1 Pledge; Assignment of RIH Collateral........................19 SECTION 2.2
Grant of Security and Secured Obligations. Grant of Security Interest and Pledge G-4 SECTION 2.2 Security Interest G-5
Grant of Security and Secured Obligations. SECTION 2.1 Grant of Security Interest and Pledge 47 SECTION 2.2 Security Interest 58
Grant of Security and Secured Obligations. Grant of Security Interest
Grant of Security and Secured Obligations