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

Pledge and Grant of Security Interests. Each Pledgor -------------------------------------- hereby pledges and assigns to Agent for the benefit of the Banks, and hereby grants to Agent for the benefit of the Banks a security interest in, all of each Pledgor's right, title and interest in and to the following (the "PLEDGED COLLATERAL"):

Pledge and Grant of Security Interests. Each Pledgor hereby -------------------------------------- hereby pledges and assigns to Agent for the benefit of the Banks, and hereby grants to Agent for the benefit of the Banks a security interest in, all of each Pledgor's right, title and interest in and to the following (the "PLEDGED COLLATERAL"):