Common use of Security Interest in the Collateral Clause in Contracts

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 5 contracts

Sources: Revolving Credit, Term Loan and Security Agreement (Terrace Holdings Inc), Revolving Credit, Term Loan and Security Agreement (Semx Corp), Revolving Credit and Security Agreement (Graham Field Health Products Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall mark ▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 3 contracts

Sources: Loan and Security Agreement (Lets Talk Cellular & Wireless Inc), Revolving Credit and Security Agreement (Frontstep Inc), Revolving Credit and Security Agreement (Pc Service Source Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Each Borrower hereby assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to and Lien on all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's ’s security interest and shall cause its financial statements to reflect such security interest.

Appears in 3 contracts

Sources: Term Loan and Security Agreement (ARKO Corp.), Term Loan and Security Agreement (GPM Petroleum LP), Term Loan and Security Agreement (GPM Petroleum LP)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 2 contracts

Sources: Revolving Credit and Security Agreement (Vista Information Solutions Inc), Revolving Credit and Term Loan Agreement (Rheometric Scientific Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower Obligor hereby assigns, pledges and grants to Agent for the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower Obligor shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 2 contracts

Sources: Revolving Credit, Capital Expenditure Line and Security Agreement (Philipp Brothers Chemicals Inc), Revolving Credit, Acquisition Term Loan and Security Agreement (Philipp Brothers Chemicals Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for the ratable benefit of each Lender a continuing security interest in and to all of its the Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 2 contracts

Sources: Revolving Credit and Security Agreement (Warner Chilcott PLC), Revolving Credit, Term Loan and Security Agreement (Danskin Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to and Lien on all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect evidence Agent's ’s security interest and shall cause its financial statements to reflect such security interest.

Appears in 2 contracts

Sources: Revolving Credit and Security Agreement (Aventine Renewable Energy Holdings Inc), Revolving Credit and Security Agreement (Aventine Renewable Energy Holdings Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interestinterest (either in the footnotes thereto or otherwise).

Appears in 2 contracts

Sources: Revolving Credit and Term Loan Agreement (Richton International Corp), Revolving Credit, Term Loan and Security Agreement (Richton International Corp)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall mark ▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 2 contracts

Sources: Revolving Credit, Term Loan and Security Agreement (PVC Container Corp), Revolving Credit and Security Agreement (Robotic Vision Systems Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for the benefit of Agent and for the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's ’s security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (Eos International Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall mar▇ ▇▇▇▇ its s books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (PVC Container Corp)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, Borrower and each Borrower Guarantor hereby assigns, pledges and grants grant to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower and each Guarantor shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's ’s security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Credit and Security Agreement (Pc Connection Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ mark its books and records as may be necessary or appropriate to evidenceevid▇▇▇▇, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Bentley Systems Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for the ratable benefit of each Lender a continuing security interest in and to all of its the Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇mark its books a▇▇ its books and records ▇ecords as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Swank Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent Agent, for its benefit and the ratable benefit of each Lender Lenders, a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (Pietrafesa Corp)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for the ratable benefit of Agent and each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall m▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (Health Chem Corp)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for the ratable its benefit and for benefit of each Lender a continuing security interest in and to all of its the Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit Agreement (Behringer Harvard Reit I Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to all of its the Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall m▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such the existence of a security interest.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Allstate Financial Corp /Va/)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each the Lender of the Obligations, each the Borrower hereby assigns, pledges and grants to Agent the Lender for the ratable its benefit of each Lender a continuing security interest in and to all of its the Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each The Borrower shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agentthe Lender's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Fidelity National Information Solutions Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby collaterally assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit, Equipment Loan and Security Agreement (McMS Inc)

Security Interest in the Collateral. To secure the prompt payment and ----------------------------------- performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent Agent, for its benefit and the ratable benefit of each Lender Lenders, a continuing security interest in and to all of its the Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Eltrax Systems Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for itself and the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ its books and records as may be necessary or reasonably appropriate to evidence, protect and perfect Agent's security interest ("Agent's security interest") and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (Signal Apparel Company Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the ObligationsObligations under this Agreement and the Other Documents, each Borrower hereby assigns, pledges and grants to Agent for the ratable benefit of each Lender a continuing security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall ▇▇▇▇ mark its books and records as may be ▇▇ necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Hirsch International Corp)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower hereby assigns, pledges and grants to Agent for its benefit and for the ratable benefit of each Lender a continuing security interest in and to all of its the Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower shall mark ▇▇▇ its books and records as may be necessary or appropriate to evidence, protect and perfect Agent's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (Centurion Wireless Technologies Inc)

Security Interest in the Collateral. To secure the prompt payment and performance to Agent and each Lender of the Obligations, each Borrower Borrowers hereby assignsassign, pledges pledge and grants grant to Agent for the ratable benefit of each Lender a continuing security interest in and to all of its the Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Borrower Borrowers shall ▇▇▇▇ its their books and records as may be necessary or and appropriate to evidence, protect and perfect AgentLender's security interest and shall cause its financial statements to reflect such security interest.

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (Tii Industries Inc)