Common use of Pledge of Collateral Clause in Contracts

Pledge of Collateral. To secure payment and performance of the Obligations, Customer hereby pledges, assigns, transfers and sets over to MLBFS, and grants to MLBFS first liens and security interests in and upon all of the Collateral, subject only to Permitted Liens.

Appears in 35 contracts

Sources: Loan Agreement (Stockeryale Inc), Loan and Security Agreement (Dynacq Healthcare Inc), Loan and Security Agreement (Stockeryale Inc)

Pledge of Collateral. To secure payment and performance of the Obligations, Customer hereby pledges, assigns, transfers and sets over to MLBFS, and grants to MLBFS first liens and security interests in and upon all of the Collateral, subject only to priorities afforded to Permitted Liens.

Appears in 20 contracts

Sources: Term Loan and Security Agreement (Thanksgiving Coffee Co Inc), Loan and Security Agreement (Continucare Corp), Loan and Security Agreement (Derma Sciences Inc)

Pledge of Collateral. To secure payment and performance of the Obligations, Customer Grantor hereby pledges, assigns, transfers and sets over to MLBFS, and grants to MLBFS a first liens lien and security interests interest in and upon all of the Collateral, subject only to Permitted Liens.

Appears in 17 contracts

Sources: Security Agreement, Loan and Security Agreement (Derma Sciences Inc), Loan and Security Agreement (Yp Net Inc)

Pledge of Collateral. To secure payment and performance of the Obligations, Customer Grantor hereby pledges, assigns, transfers and sets over to MLBFS, and grants to MLBFS a first liens lien and security interests interest in and upon all of the Collateral, subject only to Permitted Liens.

Appears in 1 contract

Sources: Security Agreement (Rent a Wreck of America Inc)

Pledge of Collateral. To secure payment and performance of the Obligations, Customer customer hereby pledges, assigns, transfers and sets over to MLBFS, and grants to MLBFS first liens and security interests in and upon all of the Collateral, subject only to Permitted Liens.

Appears in 1 contract

Sources: Loan and Security Agreement (Data Conversion Laboratory)

Pledge of Collateral. To secure payment and performance of the Obligations, . Customer hereby pledges, assigns, transfers and sets over to MLBFS, and grants to MLBFS first liens lien and security interests in and upon all of the Collateral, subject only to Permitted Liens.

Appears in 1 contract

Sources: Loan and Security Agreement (Cd Warehouse Inc)