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

Pledge; Grant of Security Interest. The Pledgor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a first 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 2 contracts

Sources: Credit Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii)

Pledge; Grant of Security Interest. The Each Pledgor hereby grants delivers to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, all of such Pledgor's Pledged Stock and hereby grants to Administrative Agent, for the benefit of the Secured Parties, a first 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 2 contracts

Sources: Credit Agreement (Avis Rent a Car Inc), Pledge Agreement (Avis Rent a Car Inc)

Pledge; Grant of Security Interest. The Each Pledgor hereby delivers to the Administrative Agent all the Pledged Interests as owned by such Pledgor and hereby grants to the Administrative Agent, for the ratable benefit of the LendersLenders and the Issuing Lender, a first security interest in the Pledged 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 2 contracts

Sources: Credit Agreement (Denali Inc), Pledge Agreement (Denali Inc)

Pledge; Grant of Security Interest. The Pledgor Each of the Pledgors hereby ---------------------------------- delivers to the Administrative Agent, for the ratable benefit of the Lenders, all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a first 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 2 contracts

Sources: Credit Agreement (Pediatric Services of America Inc), Pledge Agreement (School Specialty Inc)

Pledge; Grant of Security Interest. The Pledgor hereby grants delivers to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, all of the Pledged Stock owned by it, and hereby grants to Administrative Agent, for the ratable benefit of the Secured Parties, a first security interest in all of Pledgor’s right, title and 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 2 contracts

Sources: Credit Agreement (Teco Energy Inc), Credit Agreement (Tampa Electric Co)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all of the Pledgor's right, title and interest in the Pledged Stock, and hereby transfers and grants to the Administrative Agent, for the ratable benefit of the Lenders, a first security interest in all of the Pledgor's right, title and interest in all of 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 Guarantee Obligations.

Appears in 2 contracts

Sources: Credit Agreement (Gulfstream Aerospace Corp), Credit Agreement (Gulfstream Aerospace Corp)

Pledge; Grant of Security Interest. The Pledgor hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a first 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, and hereby agrees that it will deliver or cause to be delivered to the Administrative Agent, for the ratable benefit of the Lenders, all certificates representing the Pledged Stock on the Effective Date.

Appears in 1 contract

Sources: Pledge Agreement (Raci Holding Inc)

Pledge; Grant of Security Interest. The Each Pledgor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a first security interest in the Collateralits Interests, 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 ObligationsObligations and for all obligations and liabilities of such Pledgor that may arise hereunder.

Appears in 1 contract

Sources: Credit and Guarantee Agreement (Remington Capital Corp)

Pledge; Grant of Security Interest. The Pledgor Each of the Pledgors hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a first 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 (Inex Corp)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all the Pledged Collateral and hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a first 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: Credit Agreement (Adelphia Communications Corp)

Pledge; Grant of Security Interest. The Each Pledgor hereby transfers and grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a first priority security interest in all of such Pledgor's right, title and 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 (Skyterra Communications Inc)

Pledge; Grant of Security Interest. The Each Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all the Pledged Securities and hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a first priority security interest in the CollateralCollateral owned by such Pledgor, 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: Intercompany Note (Essex Group Inc)

Pledge; Grant of Security Interest. The Pledgor Pledgors hereby grants deliver to the Administrative Agent, for the ratable benefit of the Lenders, all the Pledged Stock and hereby grant to Agent, for the ratable benefit of the Lenders, a first 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: Credit Agreement (Paxson Communications Corp)

Pledge; Grant of Security Interest. The Each Pledgor hereby grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a first security interest in all of such Pledgor’s right, title and 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 Guarantee Obligations.

Appears in 1 contract

Sources: Credit Agreement (Domtar CORP)

Pledge; Grant of Security Interest. The Each Pledgor hereby delivers to ---------------------------------- the Administrative Agent, for the ratable benefit of the Lenders, all of the Pledged Stock of such Pledgor and hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a first security interest in the CollateralCollateral of such Pledgor, 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: Stock Pledge Agreement (Gem Nevada LLC)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Agent, for the ratable benefit of the Lenders, all the Pledged Stock, and hereby grants to the Administrative Agent, for the ratable benefit of 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 Secured Pledgor's Obligations.

Appears in 1 contract

Sources: Credit Agreement (Oro Spanish Broadcasting Inc)

Pledge; Grant of Security Interest. The Pledgor hereby transfers and grants to the Administrative Agent, for the ratable benefit of the Lenders, a first security interest (subject to the terms of the Intercreditor Agreement) in all of the Pledgor's right, title and 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: Credit Agreement (Werner Holding Co Inc /Pa/)

Pledge; Grant of Security Interest. The Pledgor hereby grants delivers to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, all the Pledged Stock and hereby grants to Administrative Agent, for the ratable benefit of the Secured Parties, a first 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 (Cogentrix Energy Inc)

Pledge; Grant of Security Interest. The Pledgor hereby grants delivers to the Administrative Agent, for the ratable benefit of the LendersNoteholders, all the Pledged Stock and hereby grants to the Agent, for the ratable benefit of the Noteholders, a first 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 (Crown Casino Corp)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Agent, for the benefit of the Lender and the other Secured Parties, all the Pledged Equity Interests, and hereby grants to the Administrative Agent, for the ratable benefit of the LendersLender and the other Secured 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 (Aleritas Capital Corp.)

Pledge; Grant of Security Interest. The Pledgor hereby pledges and grants to the Administrative Agent, for the ratable benefit of the Lenders, a first security interest in the Collateral, Agent 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 Guaranteed Obligations, a continuing security interest in all of Pledgor’s right, title and interest in and to the Collateral and all Proceeds thereof (including, without limitation, any proceeds of insurance thereon).

Appears in 1 contract

Sources: Secured Revolving Credit Agreement (Taubman Centers Inc)

Pledge; Grant of Security Interest. The Pledgor hereby grants to the Administrative Agent, its successors and assigns, for the ratable benefit of the LendersSecured Parties, a first security interest in all of the Pledgor’s right, title and 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 (Southern Star Central Corp)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Agent, on behalf of the Lender Group, all of Pledgor’s right, title and interest in and to its Pledged Securities and hereby transfers and grants to the Administrative Agent, for the ratable benefit on behalf of the LendersLender Group, a senior, first security priority Lien in all of Pledgor’s right, title and 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: Loan and Security Agreement (Mercator Software Inc)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Agent, for the ratable benefit of the Lenders, all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of 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 Secured Obligations.

Appears in 1 contract

Sources: Credit Agreement (Oro Spanish Broadcasting Inc)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all the Pledged Securities and hereby grants to the Administrative Agent, for the ratable benefit of 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 Secured Obligations.

Appears in 1 contract

Sources: Intercompany Note (Essex Group Inc)

Pledge; Grant of Security Interest. The Pledgor hereby grants to the Administrative Agent, for the ratable benefit of the Lendersholders of the Obligations, 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: Credit Agreement (Kulicke & Soffa Industries Inc)

Pledge; Grant of Security Interest. The Each Pledgor hereby transfers and grants to the Administrative Agent, for the ratable benefit of the LendersSecured Parties, a first security interest in all of such Pledgor's right, title and 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 (Skyterra Communications Inc)