Security Interests in Other Personal Property Sample Clauses

The 'Security Interests in Other Personal Property' clause establishes the lender's right to claim a security interest in assets beyond those specifically listed as collateral. This means that, in addition to primary collateral, the lender may also have a legal claim over other types of personal property owned by the borrower, such as equipment, inventory, or accounts receivable, to secure the loan. The core function of this clause is to broaden the lender's protection and reduce risk by ensuring that more assets are available to satisfy the debt if the borrower defaults.
Security Interests in Other Personal Property. SECTION ▇.▇▇.▇▇▇▇▇▇▇▇ Interest 16 SECTION 3.02.Representations and Warranties 18 SECTION 3.03.Covenants 21 SECTION 3.04.Other Actions 23 SECTION 3.05.Covenants Regarding Patent, Trademark and Copyright Collateral 24 SECTION 4.01.Remedies Upon Default 26 SECTION 4.02.Application of Proceeds 28 SECTION 4.03.Securities Act, Etc. 29 SECTION 5.01.Notices 30 SECTION ▇.▇▇.▇▇▇▇▇▇▇▇ Interest Absolute 31 SECTION 5.03.Limitation By Law 31 SECTION 5.04.Binding Effect; Several Agreements 31 SECTION 5.05.Successors and Assigns 31 SECTION 5.06.Collateral Agent’s Fees and Expenses; Indemnification 32 SECTION 5.07.Collateral Agent Appointed Attorney-in-Fact 32 SECTION 5.08.Governing Law 33 SECTION 5.09.Waivers; Amendment 33 SECTION 5.10.WAIVER OF JURY TRIAL 34 SECTION 5.11.Severability 34 SECTION 5.12.Counterparts 35 SECTION 5.13.Headings 35 SECTION 5.14.Jurisdiction; Consent to Service of Process 35 SECTION 5.15.Termination or Release 36 SECTION 5.16.Additional Subsidiaries 37 SECTION 5.17.General Authority of the Collateral Agent 37 SECTION 5.18.Subject to Intercreditor Agreements; Conflicts 38 SECTION 5.19.Other First Lien Obligations 38 SECTION 5.20.Person Serving as Collateral Agent 39 Schedule I Subsidiary Loan Parties Schedule II Pledged Stock; Pledged Debt Schedule III Intellectual Property Schedule IV Commercial Tort Claims Exhibit I Form of Supplement to the Collateral Agreement (First Lien) Exhibit II Form of Notice of Grant of Security Interest in Intellectual Property Exhibit III Form of Other First Lien Secured Party Consent COLLATERAL AGREEMENT (FIRST LIEN) dated and effective as of August 30, 2019, (this “Agreement”), is among CEC ENTERTAINMENT, INC. (together with its successors and assigns, the “Borrower”), each Subsidiary of the Borrower party hereto and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as collateral agent for the Secured Parties referred to herein (together with its successors and assigns in such capacity, the “Collateral Agent”).
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Security Interests in Other Personal Property. Section 3.01. Security Interest 11 Section 3.02. Representations and Warranties 13 Section 3.03. Covenants 15
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Security Interests in Other Personal Property 
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Security Interests in Other Personal Property 
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Related to Security Interests in Other Personal Property

  • Security Interests in Personal Property Section 3.01 Security Interest 11 Section 3.02 Representations and Warranties 13 Section 3.03 Covenants 14

  • Security Interests in Collateral To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant to the Security Documents.

  • Other Personal Property Unless at the time Secured Party takes possession of any tangible Collateral, or within seven days thereafter, Debtor gives written notice to Secured Party of the existence of any goods, papers or other property of Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, Secured Party shall not be responsible or liable to Debtor for any action taken or omitted by or on behalf of Secured Party with respect to such property without actual knowledge of the existence of any such property or without actual knowledge that it was located or to be found upon or within such Collateral.

  • Real Property; Personal Property (a) On the Disaffiliation Date, Local Church will have full title and ownership of the Real Property and Personal Property. The parties shall ensure all necessary transfers or other transactions relating to the above properties are completed on or prior to the Disaffiliation Date. Any costs resulting from such transfers or other transactions shall be borne by Local Church. Annual Conference shall fully cooperate with Local Church, as needed and applicable, to ensure that such transfers and other transactions convey all of Annual Conference’s interest – both for itself and on behalf of The United Methodist Church – in the Real Property and Personal Property, both tangible and intangible, of Local Church. (b) At Closing, the Annual Conference shall deliver to the Local Church: (i) the Deed(s) quitclaiming and releasing all interest of the Annual Conference in the Real Property to the Local Church; (ii) the Bill of Sale conveying all the interest of the Annual Conference in the Personal Property to the Local Church; and, (iii) a FIRPTA certificate.

  • TITLE TO COLLATERAL; PERMITTED LIENS Borrower is now, and will at all times in the future be, the sole owner of all the Collateral, except for items of Equipment which are leased by Borrower. The Collateral now is and will remain free and clear of any and all liens, charges, security interests, encumbrances and adverse claims, except for Permitted Liens. Silicon now has, and will continue to have, a first-priority perfected and enforceable security interest in all of the Collateral, subject only to the Permitted Liens, and Borrower will at all times defend Silicon and the Collateral against all claims of others. None of the Collateral now is or will be affixed to any real property in such a manner, or with such intent, as to become a fixture. Borrower is not and will not become a lessee under any real property lease pursuant to which the lessor may obtain any rights in any of the Collateral and no such lease now prohibits, restrains, impairs or will prohibit, restrain or impair Borrower's right to remove any Collateral from the leased premises. Whenever any Collateral is located upon premises in which any third party has an interest (whether as owner, mortgagee, beneficiary under a deed of trust, lien or otherwise), Borrower shall, whenever requested by Silicon, use its best efforts to cause such third party to execute and deliver to Silicon, in form acceptable to Silicon, such waivers and subordinations as Silicon shall specify, so as to ensure that Silicon's rights in the Collateral are, and will continue to be, superior to the rights of any such third party. Borrower will keep in full force and effect, and will comply with all the terms of, any lease of real property where any of the Collateral now or in the future may be located.