Security for the Secured Obligations Sample Clauses

Security for the Secured Obligations. The grant of a security interest in the Collateral by the Grantor under this Supplement secures the payment of all amounts that constitute part of the Secured Obligations and would be owed to the Collateral Agent or the Secured Parties but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving the Grantor.

Security for the Secured Obligations. The grant of a security interest in the Collateral by the Grantor under this IP Security Agreement secures the payment of all amounts that constitute part of the Secured Obligations and would be owed to the Collateral Agent or the Secured Parties but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving the Grantor.

Security for the Secured Obligations. (1) Subject to Section 4.01(2), as continuing security for the due payment of the Secured Obligations, and the performance by the Trust of all of the obligations of the Trust hereunder in relation thereto, the Issuer Trustee, as trustee of the Trust, hereby grants, transfers, assigns, mortgages, pledges, sets over and charges, as and by way of a fixed and specific mortgage, assignment, pledge and charge, to and in favour of the Indenture Trustee for the benefit of the Specified Creditors, and grants to the Indenture Trustee for the benefit of the Specified Creditors a continuing security interest and hypothec in, the undertaking of the Trust and all property and assets now owned or hereafter acquired by the Trust, or to which the Trust is or may hereafter otherwise become entitled, both present and future, of every nature and kind and wherever situate, including, without limitation, all of its right, title, interest and benefit from time to time in, to, under and in respect of: (a) all Asset Interests and all certificates and other documents, if any, evidencing or representing any of such interest; (b) all debts, accounts, claims, monies and choses in action which now are or which may at any time hereafter be due or owing to or owned by the Trust and also all securities, bills, notes, evidences of deposits of money, instruments, writings and other documents now held or owned or which may be hereafter taken, held or owned by the Trust, or any Person (including the Custodian, the Servicer and the Administrative Agent) on behalf of the Trust, and all renewals thereof, accretions thereto, substitutions therefor, and all interest, income and revenue arising therefrom or by virtue thereof; (c) all monies on deposit from time to time (whether now or hereafter) in any Related Distribution Accounts and all investments thereof; (d) all of the contractual, equitable or other rights or choses in action of the Trust under any Programme Agreement; and (e) all benefits, advantages, property or assets of whatsoever kind in any form derived or realized, directly or indirectly, pursuant to or from any dealings with any of the foregoing property, rights and assets or that indemnifies or compensates for loss or theft of or damage to or destruction of any such property, rights and assets and any other proceeds thereof. The Liens granted by this Section 4.01 and under the Related Security Documents are referred to herein as the "Lien Hereof". (2) The Collateral shall be subject...

Security for the Secured Obligations. The pledge and security interest created hereby upon the Collateral constitute continuing collateral security for the Secured Obligations and is subordinated and junior to the pledge and security interest created upon the Collateral constituting a continuing first priority security for the Secured Obligations 1.

Security for the Secured Obligations. This Agreement secures, and the Collateral is collateral security for, the prompt payment and performance in full when due (whether at stated maturity, by required prepayment, acceleration, demand or otherwise) of all of the indebtedness, obligations and liabilities of Pledgor to the Payee, now existing or hereafter incurred, absolute or contingent, direct or indirect, secured or unsecured, due or to become due under the Note and, in the event of the occurrence of an Event of Default under the Note (collectively, the "Secured Obligations"). Pledgor hereby covenants that, until all of the obligations under the Note have been satisfied in full, it will not agree or purport to sell, convey, or otherwise dispose of any of the Pledged Shares or any interest therein, or create, incur, or permit to exist any claim, pledge, mortgage, lien, charge, encumbrance or any security interest whatsoever in or with respect to any of the Collateral or the proceeds thereof, other than that created hereby and, , will not do or suffer any act or failure to act which would impair the lien on or the value of the Collateral, except as otherwise permitted herein and under the Note.

Security for the Secured Obligations. This Agreement and the Collateral secures the full and prompt payment and performance by Borrower of the Loan.

Security for the Secured Obligations. The Pledged Collateral secures the full and timely payment and performance of the Secured Obligations, including, without limitation, the Secured Obligations referenced in or evidenced by the Loan Documents.

Security for the Secured Obligations. This Agreement secures the full and prompt payment when due (whether at stated maturity, by acceleration or otherwise) of, and the performance of, all the Secured Obligations; provided that in no event shall the Secured Obligations be secured or purported to be secured by Pledged Shares of any Capital Stock of any Foreign Subsidiary or of any Domestic Subsidiary treated as a disregarded entity for US federal income tax purposes if substantially all of its assets consist of Capital Stock of one or more Foreign Subsidiaries that are controlled foreign corporations within the meaning of Section 957 of the Code, that is Voting Stock of such Subsidiary in excess of 65% of the outstanding Capital Stock of such class. Without limiting the generality of the foregoing, this Agreement secures the payment of all amounts that constitute part of the Secured Obligations and would be owed to the Notes Collateral Agent or the Secured Parties under the Notes Documents or Other Pari Passu Lien Obligations Agreement, as applicable but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving any Pledgor; provided that in no event shall the Secured Obligations be secured or purported to be secured by Pledged Shares of any Capital Stock of any Foreign Subsidiary or of any Domestic Subsidiary treated as a disregarded entity for US federal income tax purposes if substantially all of its assets consist of Capital Stock of one or more Foreign Subsidiaries that are controlled foreign corporations within the meaning of Section 957 of the Code, that is Voting Stock of such Subsidiary in excess of 65% of the outstanding Capital Stock of such class.

Security for the Secured Obligations. This Agreement secures the full and prompt payment when due (whether at stated maturity, by acceleration or otherwise) of, and the performance of, all the Secured Obligations. Without limiting the generality of the foregoing, this Agreement secures the payment of all amounts that constitute part of the Secured Obligations and would be owed to the Agent or the Secured Parties under the Bank Products but for the fact that they are unenforceable or not allowable due to the existence of an Insolvency Proceeding (as defined in the Intercreditor Agreement) involving any Pledgor.