Common use of Grant of Transaction Liens Clause in Contracts

Grant of Transaction Liens. (a) In order to secure [its Transaction Guarantee]2 [the Secured Obligations]3, the Lien Grantor grants to the Agent for the benefit of the Secured Parties a continuing security interest in all the following 1 If the Lien Grantor is the Borrower, delete this recital and Section 1 hereof. 2 Delete bracketed words if the Lien Grantor is the Borrower. 3 Delete bracketed words if the Lien Grantor is a Guarantor. property of the Lien Grantor, whether now owned or existing or hereafter acquired or arising and regardless of where located (the “New Collateral”): [describe property being added to the Collateral] 4 (b) With respect to each right to payment or performance included in the Collateral from time to time, the Transaction Lien granted therein includes a continuing security interest in (i) any Supporting Obligation that supports such payment or performance and (ii) any Lien that (x) secures such right to payment or performance or (y) secures any such Supporting Obligation. (c) The foregoing Transaction Liens are granted as security only and shall not subject the Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.

Grant of Transaction Liens. (a) In order to secure [its Transaction Guarantee]2 [the Secured Obligations]3, the Lien Grantor grants to the Agent for the benefit of the Secured Parties a continuing security interest in all the following 1 If the Lien Grantor is the Borrower, delete this recital and Section 1 hereof. 2 Delete bracketed words if the Lien Grantor is the Borrower. 3 Delete bracketed words if the Lien Grantor is a Guarantor. property of the Lien Grantor, whether now owned or existing or hereafter acquired or arising and regardless of where located (the “New Collateral”): [describe property being added to the Collateral] 4Collateral]4 (b) With respect to each right to payment or performance included in the Collateral from time to time, the Transaction Lien granted therein includes a continuing security interest in (i) any Supporting Obligation that supports such payment or performance and (ii) any Lien that (x) secures such right to payment or performance or (y) secures any such Supporting Obligation. (c) The foregoing Transaction Liens are granted as security only and shall not subject the Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.

Grant of Transaction Liens. (a) In order to secure [its Transaction Note Guarantee]2 [the Secured Obligations]3Obligations]3 , the Lien Grantor grants to the Agent for the benefit of the Secured Parties a continuing security interest in all the following Collateral 1 If the Lien Grantor is the Borroweran Issuer, delete this recital and Section 1 hereof. 2 Delete bracketed words if the Lien Grantor is the Borroweran Issuer. 3 Delete bracketed words if the Lien Grantor is a Subsidiary Guarantor. Agent for the benefit of the Secured Parties a continuing security interest in all the following property of the Lien Grantor, whether now owned or existing or hereafter acquired or arising and regardless of where located (the “New Collateral”): [describe property being added to the Collateral] 4Collateral]4 (b) With respect to each right to payment or performance included in the Collateral from time to time, the Transaction Lien granted therein includes a continuing security interest in (i) any Supporting Obligation that supports such payment or performance and (ii) any Lien that (x) secures such right to payment or performance or (y) secures any such Supporting Obligation. (c) The foregoing Transaction Liens are granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or transfer or in any way affect or modify, any obligation or liability of the Lien Grantor with respect to any of the New Collateral or any transaction in connection therewith.