Common use of Security Interest in All Assets of Guarantors Clause in Contracts

Security Interest in All Assets of Guarantors. As security for the performance of all of the Guarantors' Obligations and pursuant to the General Security Agreement of the Health and the Movable Hypothec, Guarantors have granted to Lender a security interest in, and first Lien on, All Assets of Guarantors, now owned or hereafter acquired, whether or not earned by performance, all books and records pertaining thereto (including, without limitation, all manual and computer records, runs, printouts, disks, software and other computer-prepared information of every kind) and all insurance proceeds in connection therewith, together with all cash and non-cash proceeds and products thereof, wherever located, whether now owned or hereafter acquired or arising (the "Guarantors' Collateral").