Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 8 contracts
Sources: Revolving Credit and Term Loan Agreement (Marcam Corp), Term Loan Agreement (Bangor Hydro Electric Co), Revolving Credit and Term Loan Agreement (Filenes Basement Corp)
Security of Borrower. The Subject to the Security Documents, the Obligations are and shall continue to be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of Collateral specified in the BorrowerSecurity Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 3 contracts
Sources: Credit Agreement (TAL International Group, Inc.), Credit Agreement (TAL International Group, Inc.), Credit Agreement (TAL International Group, Inc.)
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all certain of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 3 contracts
Sources: Revolving Credit Agreement (Flextronics International LTD), Revolving Credit Agreement (Flextronics International LTD), Revolving Credit and Term Loan Agreement (Flextronics International LTD)
Security of Borrower. The Obligations shall be secured by a perfected -------------------- first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets property, rights and interests of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of described in the Security Documents to which the Borrower is a party, including, without limitation, all Base Contracts.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Fairfield Communities Inc), Revolving Credit Agreement (Fairfield Communities Inc)
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to the Permitted Liens entitled to priority under applicable law) in all of the assets of the BorrowerBorrower and its Domestic Subsidiaries, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is or its Domestic Subsidiaries are a party.
Appears in 2 contracts
Sources: Loan Agreement (Applied Opsec Corp), Loan Agreement (Optical Security Group Inc)
Security of Borrower. The All of the Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens that are entitled to priority under applicable law) in all of the assets of the BorrowerBorrower constituting Collateral (which shall include, without limitation, all Eligible Containers, Direct Finance Lease Receivables, and all products and proceeds thereof), whether now owned or hereafter acquired, pursuant to the terms of of, and as provided in, the Security Documents to which the Borrower is a partyDocuments.
Appears in 2 contracts
Sources: Term Loan Agreement (CAI International, Inc.), Term Loan Agreement (CAI International, Inc.)
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all the Mortgaged Property, a pledge of the stock of the Receivables Subsidiary, and a first priority security interest in certain other assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 1 contract
Security of Borrower. The Obligations shall be secured by a perfected -------------------- first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets property, rights and interests of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of described in the Security Documents to which the Borrower is a party.
Appears in 1 contract
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets (other than Real Estate) of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party, including, without limitation, a pledge by the Borrower of 100% of the capital stock of each Domestic Subsidiary and 66% of the capital stock of each Foreign Subsidiary.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Western Digital Corp)
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the BorrowerCollateral, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 1 contract
Sources: Revolving Credit Agreement (Transact Technologies Inc)
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned or hereafter acquired, including all of the stock or other equity interests of each of its Domestic Subsidiaries and up to sixty five percent (65%) of the equity interests of each of its direct Foreign Subsidiaries, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (Bell Sports Corp)
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in substantially all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 1 contract
Sources: Amendment and Modification Agreement (Ccir of California Corp)
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens the terms of the Intercreditor Creditor Agreement, liens on collateral securing reimbursement obligations in respect of the Real Estate Letter of Credit, and liens entitled to priority under applicable law) in all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 1 contract
Sources: Restructuring Agreement (Outsource International Inc)
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in substantially all of the assets of the Borrower, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party. The Security Documents shall also secure the obligations of the Borrower to the Lenders arising under, or pursuant to, interest rate hedging arrangements between the Borrower and one or more of the Lenders.
Appears in 1 contract
Sources: Revolving Credit Agreement (Sassco Fashions LTD /De/)
Security of Borrower. The Obligations shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in all of the assets of the BorrowerBorrower described in the Security Documents, whether now owned or hereafter acquired, pursuant to the terms of the Security Documents to which the Borrower is a party.
Appears in 1 contract