Grant of Transaction Liens. (a) In order to secure [its Secured Guarantee](3) [the Secured Obligations](4), the Lien Grantor grants to the Collateral 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](5)
Appears in 2 contracts
Sources: Indenture (Cummins Inc), Guarantee and Security Agreement (Cummins Inc)
Grant of Transaction Liens. (a) In order to secure [its Secured Guarantee](3Guarantee](2) [the Secured Obligations](4Obligations (as defined in the Security Agreement)](3), the Lien Grantor grants to the Collateral 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](5Collateral](4)
Appears in 1 contract
Sources: Letter of Credit Facility Agreement (McDermott International Inc)