Security Interests in Collateral. To secure the Secured Obligations (as defined in the Security Agreement), the Borrowers have granted (or shall grant) to the Collateral Agent, for its benefit and the benefit of the other Secured Parties, a security interest in all of the Collateral pursuant to the Security Document, with the priority provided for herein or in the other Loan Documents.
Appears in 2 contracts
Sources: Credit Agreement (Burlington Stores, Inc.), Credit Agreement (Burlington Stores, Inc.)
Security Interests in Collateral. To secure the Secured Obligations (as defined in the Security Agreement)their Obligations, the Borrowers have granted (or shall grant) grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Credit Parties, a first priority security interest in all of the Collateral pursuant hereto and to the Security DocumentDocuments, with the priority provided for herein or in the other Loan Documentssubject to Permitted Encumbrances.
Appears in 2 contracts
Sources: Credit Agreement (Endeavor Acquisition Corp.), Credit Agreement (American Apparel, Inc)
Security Interests in Collateral. To secure the Secured Obligations (as defined in the Security Agreement)its Obligations, the Borrowers have granted (or shall grant) Borrower shall, and hereby does, grant to the Collateral Agent, for its benefit and the benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant hereto and to the Security Document, with the priority provided for herein or in the other Loan Documents.
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