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

Pledge; Grant of Security Interest. The Pledgor 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 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 2 contracts

Sources: Holdings Pledge Agreement (Homeside Lending Inc), Pledge Agreement (Homeside Lending Inc)

Pledge; Grant of Security Interest. The Each Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all the of such Pledgor's 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 2 contracts

Sources: Pledge Agreement (Meridian Resource Corp), Pledge Agreement (Meridian Resource Corp)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all the Pledged Stock 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 (Aavid Thermal Technologies Inc)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all the Pledged Stock and the Pledged Debt, and hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a first priority security interest in all of the Pledgor's right, title and interest in, to and under 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 (Aavid Thermal Technologies Inc)

Pledge; Grant of Security Interest. The Pledgor 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 priority security interest in the CollateralCollateral (except for Non-Consensual Liens), 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 and Guarantee Agreement (Warren S D Co /Pa/)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, Agent all the Pledged Stock and hereby grants to the Administrative Agent, for the ratable benefit of the LendersBanks, 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 (Dairy Mart Convenience Stores Inc)

Pledge; Grant of Security Interest. The Pledgor 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 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 (Homeside Lending Inc)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all the Pledged Stock issued by the Issuer and hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a first priority security interest in the CollateralCollateral (except for Non-Consensual Liens), 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 and Guarantee Agreement (Warren S D Co /Pa/)

Pledge; Grant of Security Interest. The Pledgor hereby delivers to the Administrative Agent, for the ratable benefit of the Lenders, all the Pledged Stock represented by certificates, and hereby grants to the Administrative Agent, for the ratable benefit of the Lenders, a first priority security interest in all of the Pledgor's right, title and interest in, to and under 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 (Aavid Thermal Technologies Inc)