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

Grant of Security Interest in the Collateral. To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration or otherwise, of the Secured Obligations (as defined in Section 3 hereof), each Obligor hereby grants to the Agent, for the benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Collateral"): **********

Appears in 2 contracts

Sources: Credit Agreement and Security Agreement (Genicom Corp), Credit Agreement and Security Agreement (Genicom Corp)

Grant of Security Interest in the Collateral. To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration acceleration, mandatory prepayment or otherwise, of the Secured Obligations (as defined in Section 3 hereof)Obligations, each Obligor Debtor hereby grants to the Administrative Agent, for the benefit of the Lenders, a continuing first priority security interest inin and lien on, and a right to set off against, any and all right, title and interest of such Obligor Debtor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Collateral"): **********”):

Appears in 1 contract

Sources: Master Financing Agreement (Zap)

Grant of Security Interest in the Collateral. To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration or otherwise, of the Secured Obligations (as defined in Section 3 hereof)Obligations, each Obligor hereby grants to the Agent, for the benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Collateral"): **********):

Appears in 1 contract

Sources: Credit Agreement (Insight Health Services Corp)

Grant of Security Interest in the Collateral. To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration or otherwise, of the Secured Obligations (as defined in Section 3 3. hereof), each Obligor Loan Party hereby grants to the Administrative Agent, ; for the benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor Loan Party in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Collateral"): **********”):

Appears in 1 contract

Sources: Revolving Credit Agreement (Delek US Holdings, Inc.)

Grant of Security Interest in the Collateral. To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration or otherwise, of the Secured Obligations (as defined in Section 3 hereof), each Obligor hereby grants to the Agent, for the benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the "Collateral"): **********or

Appears in 1 contract

Sources: Credit Agreement (Genicom Corp)