Common use of Pledge and Grant of Security Interest Clause in Contracts

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, all the Pledged Stock and hereby grants to Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 3 contracts

Sources: Pledge Agreement (Cable Michigan Inc), Credit Agreement (RCN Corp /De/), Credit Agreement (Cable Michigan Inc)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 2 contracts

Sources: Pledge Agreement (Rare Hospitality International Inc), Credit Agreement (Breed Technologies Inc)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 1 contract

Sources: Pledge Agreement (Gt Interactive Software Corp)

Pledge and Grant of Security Interest. The Pledgor hereby ------------------------------------- delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, Lenders all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 1 contract

Sources: Pledge Agreement (Acc Corp)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself the Agents and the Lenders, all of the Pledged Stock and hereby grants to Administrative the Agent, for the ratable benefit of itself the Agents, and the Lenders, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the ObligationsObligations (as defined in the Credit Agreement).

Appears in 1 contract

Sources: Pledge and Security Agreement (Insignia Properties Trust /)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Collateral Agent, for the ratable benefit of itself the Collateral Agent and the Lenders, Secured Parties all the Pledged Stock and hereby grants to Administrative the Collateral Agent, for the ratable benefit of itself the Collateral Agent and the LendersSecured Parties, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations.

Appears in 1 contract

Sources: Pledge Agreement (WLR Foods Inc)

Pledge and Grant of Security Interest. The Pledgor hereby ------------------------------------- delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, Lenders all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligationsobligations.

Appears in 1 contract

Sources: Pledge Agreement (Acc Corp)

Pledge and Grant of Security Interest. The Pledgor Pledgors hereby delivers deliver to the Administrative Agent, for the ratable benefit of itself the Administrative Agent and the Lenders, all the Pledged Stock and hereby grants grant to the Administrative Agent, for the ratable benefit of itself the Administrative Agent and the Lenders, a first priority security interest in the Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 1 contract

Sources: Pledge Agreement (Global Imaging Systems Inc)

Pledge and Grant of Security Interest. The Pledgor hereby delivers assigns and transfers to the Administrative AgentLender, for the ratable benefit of itself and the Lenders, all the Pledged Stock and hereby grants to Administrative Agentthe Lender, for the ratable benefit of itself and the LendersSecured Parties, a first priority security interest in and to all of the Pledged LLC Interests and all other Collateral, as collateral security for the prompt and complete payment and performance when due (due, whether at the stated maturity, by acceleration or otherwise) , of the ObligationsSecured Obligations (including amounts that would become due but for the operation of the provisions of any debtor relief laws).

Appears in 1 contract

Sources: Pledge Agreement (Applied Digital Corp.)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Collateral Agent, for the ratable benefit of itself the Collateral Agent and the LendersSecured Parties, all the Pledged Stock and hereby grants to Administrative the Collateral Agent, for the ratable benefit of itself the Collateral Agent and the LendersSecured Parties, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations.

Appears in 1 contract

Sources: Pledge Agreement (WLR Foods Inc)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, all the Pledged Stock Interests and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 1 contract

Sources: Credit Agreement (RCN Corp /De/)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself the Agents and the Lenders, all the Pledged Stock and hereby grants to Administrative the Agent, for the ratable benefit of itself the Agents, and the Lenders, a first priority security interest in the Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.

Appears in 1 contract

Sources: Pledge and Security Agreement (Insignia Properties Trust /)

Pledge and Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of itself and the Lenders, all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of itself and the Lenders, a first priority security interest in the Pledged Stock and all other Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations.the

Appears in 1 contract

Sources: Pledge Agreement (Rare Hospitality International Inc)