Security Agreement and Financing Statements. On or before the date hereof, the Company shall execute and deliver to the Administrative Agent and Collateral Agent: (1) a security and collateral agency agreement in the form of that attached hereto as Exhibit B (the "Security Agreement"), pursuant to which the Company shall pledge, assign and grant to the Administrative Agent for the benefit of the Lenders a perfected, first priority security interest in and lien upon the Collateral as security for the Obligations, and (2) such UCC financing statements as the Collateral Agent may request.
Appears in 1 contract
Sources: Mortgage Loan Warehousing Agreement (Emergent Group Inc)
Security Agreement and Financing Statements. On or before the date hereof, the Company shall execute and deliver to the Administrative Agent and Collateral Agent:
(1) a security and collateral agency agreement in the form of that attached hereto as Exhibit B (the "Security Agreement"), pursuant to which the Company shall pledge, assign and grant to the Administrative Collateral Agent for the benefit of the Lenders a perfected, first priority security interest in and lien upon the Collateral as security for the Obligations, and (2) such UCC financing statements as the Collateral Agent may request.
Appears in 1 contract
Sources: Mortgage Loan Warehousing Agreement (Emergent Group Inc)