Common use of SECTION Grant of Security Interest Clause in Contracts

SECTION Grant of Security Interest. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, to secure all of the Obligations, the Grantor does hereby mortgage, pledge and hypothecate to the Facility Agent, and grant to the Facility Agent a security interest in, for its benefit and the benefit of each Secured Party, all of the following property (the "PATENT COLLATERAL"), whether now owned or hereafter acquired or existing by it:

Appears in 1 contract

Sources: Credit Agreement (Dayton Superior Corp)

SECTION Grant of Security Interest. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, to secure all of the Secured Obligations, the Grantor does hereby mortgage, pledge and hypothecate to the Facility Agent, and grant to the Facility Agent a security interest in, for its benefit and the benefit of each Secured Party, all of the following property (the "PATENT COLLATERAL"), whether now owned or hereafter acquired or existing by it:

Appears in 1 contract

Sources: Credit Agreement (Dayton Superior Corp)

SECTION Grant of Security Interest. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, to secure all of the Secured Obligations, the Grantor does hereby mortgage, pledge and hypothecate to the Facility Agent, and grant to the Facility Agent a security interest in, for its benefit and the benefit of each Secured Party, all of the following property (the "PATENT TRADEMARK COLLATERAL"), whether now owned or hereafter acquired or existing by it:

Appears in 1 contract

Sources: Credit Agreement (Dayton Superior Corp)