Common use of Grant of Security Interest in Collateral Clause in Contracts

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Parties, for the ratable benefit of the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 4 contracts

Sources: Security Agreement (Alldigital Holdings, Inc.), Security Agreement (Alldigital Holdings, Inc.), Security Agreement (Balqon Corp.)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties Party to extend the loans as evidenced by the Notes Note and any other instrument or agreement evidencing loans extended by Secured Party to Debtor, and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Parties, for the ratable benefit of the Secured Parties Party a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 4 contracts

Sources: Security Agreement (Urban-Gro, Inc.), Security Agreement (Urban-Gro, Inc.), Security Agreement (SurgePays, Inc.)

Grant of Security Interest in Collateral. As Subject to the Boeing Lien and the Initial Secured Parties’ Liens, as an inducement for the Secured Parties to extend the loans loan as evidenced by the Notes Note and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Parties, for the ratable benefit of the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 3 contracts

Sources: Security Agreement (POSITIVEID Corp), Security Agreement (POSITIVEID Corp), Security Agreement (POSITIVEID Corp)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes (and to convert other loans made or Securities acquired by one or more of the Secured Parties into Notes) and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company Debtors hereby unconditionally and irrevocably pledgespledge, grants grant and hypothecates hypothecate to the Agent, as representative of the Secured Parties, for the ratable benefit of the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 3 contracts

Sources: Security Agreement (xG TECHNOLOGY, INC.), Security Agreement (xG TECHNOLOGY, INC.), Security Agreement (Amarantus Bioscience Holdings, Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative Agent (on behalf and for the benefit of the Secured Parties, for the ratable benefit of the Secured Parties ) a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 3 contracts

Sources: Security Agreement (Blackboxstocks Inc.), Securities Purchase Agreement (Blackboxstocks Inc.), Security Agreement (Enzo Biochem Inc)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties Purchasers to extend the loans as evidenced by the Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Parties, Agent for the ratable benefit of the Secured Parties a perfected, first priority security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 3 contracts

Sources: Security Agreement (Madison Technologies Inc.), Security Agreement (PhoneBrasil International Inc), Security Agreement (Madison Technologies Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Debentures and the Professional Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Parties, for the ratable benefit of the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 2 contracts

Sources: Security Agreement (US Dry Cleaning Services Corp), Security Agreement (US Dry Cleaning Services Corp)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Parties, for subject to liens permitted under the ratable benefit of Transaction Documents (as defined in the Secured Parties Purchase Agreement), a first priority security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 2 contracts

Sources: Security Agreement (AtheroNova Inc.), Security Agreement (AtheroNova Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans loan as evidenced by the Notes Note and to secure the complete and timely payment, performance and discharge in full, as the case may bebe (whether at the stated maturity, by acceleration or otherwise), of all of the Obligations, the Company each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Parties, for the ratable benefit of the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 1 contract

Sources: Security Agreement (Xenetic Biosciences, Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company each Debtor, other than TicketSmarter, Inc., which grants a second priority security interest, hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Parties, for the ratable benefit of the Secured Parties a first priority security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 1 contract

Sources: Security Agreement (Digital Ally, Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties Party to extend the loans as evidenced by the Notes Note and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the AgentSecured Party, subject to Permitted Liens (as representative of defined in the Secured PartiesNote), for the ratable benefit of the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 1 contract

Sources: Security Agreement (Saleen Automotive, Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Parties, Collateral Agent (for the ratable benefit of the each Secured Parties Party pari passu with each other Secured Party) a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 1 contract

Sources: Security Agreement (Cambridge Heart Inc)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend purchase the loans as evidenced by the Notes Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company each Debtor hereby unconditionally and irrevocably pledges, grants grants, assigns, conveys, transfers and hypothecates to the Agent, as representative Secured Parties and the Agent (on its behalf and on behalf of the Secured Parties), for the ratable benefit of the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral whether now existing or hereafter arising (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 1 contract

Sources: Security Agreement (Rodman & Renshaw Capital Group, Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes Debentures and to secure the complete and timely payment, performance and discharge in fullfull (other than inchoate reimbursement obligations for which no demand has been made), as the case may be, of all of the Obligations, the Company each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Parties, Collateral Agent for the ratable benefit of the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 1 contract

Sources: Security Agreement (PDS Biotechnology Corp)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to each Secured Party and to the Agent, as representative Agent (for the benefit of the Secured Parties, for the ratable benefit of the Secured Parties ) a continuing security interest in and to, a lien upon and a right of set-off against against, all of their respective right, title and interest of whatsoever kind and nature in and to, to the Collateral (a "Security Interest” and, " and collectively, the "Security Interests").

Appears in 1 contract

Sources: Security Agreement (Star Energy Corp)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties Party to extend enter into the loans Purchase Agreement and the investment as evidenced by the Notes Promissory Notes, and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company and the Company’s Subsidiaries hereby unconditionally and irrevocably pledges, grants and hypothecates to the AgentSecured Party, as representative of the Secured Parties, for the ratable benefit of the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 1 contract

Sources: Security Agreement (TurnOnGreen, Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties Lenders to extend or maintain credit to the loans Company as may be evidenced by the Notes Secured Notes, and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured PartiesParty, for the ratable benefit of the Secured Parties Lenders, a security interest in and to, a lien upon upon, and a right of set-off against against, all of their its respective right, title and interest of whatsoever kind and nature in and to, to the Collateral (a “Security Interest” and, and collectively, the “Security Interests”).

Appears in 1 contract

Sources: Security Agreement (Urigen Pharmaceuticals, Inc.)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company each Debtor hereby unconditionally and irrevocably pledges, grants and hypothecates to each Secured Party and to the Agent, as representative Agent (for the benefit of the Secured Parties, for the ratable benefit of the Secured Parties ) a continuing security interest in and to, a lien upon and a right of set-off against against, all of their respective right, title and interest of whatsoever kind and nature in and to, to the Collateral (a “Security Interest” and, and collectively, the “Security Interests”).

Appears in 1 contract

Sources: Security Agreement (Star Energy Corp)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, the Company hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Parties, for the ratable benefit of the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 1 contract

Sources: Security Agreement (Balqon Corp.)

Grant of Security Interest in Collateral. As an inducement for the Secured Parties to extend the loans as evidenced by the Notes Debentures and to secure the complete and timely payment, performance and discharge in full, as the case may be, of all of the Obligations, each Debtor organized under the Company laws of a jurisdiction within the United States hereby unconditionally and irrevocably pledges, grants and hypothecates to the Agent, as representative of the Secured Parties, for the ratable benefit of the Secured Parties a security interest in and to, a lien upon and a right of set-off against all of their respective right, title and interest of whatsoever kind and nature in and to, the Collateral (a “Security Interest” and, collectively, the “Security Interests”).

Appears in 1 contract

Sources: Security Agreement (Dih Holding Us, Inc.)