Common use of The Security Interest Clause in Contracts

The Security Interest. (a) This Confirmatory Grant is made to secure the performance and payment of (i) all the Obligations and (ii) all of the obligations and liabilities of the Guarantors under the Guaranty. Upon the payment in full of all Obligations (other than contingent indemnification obligations), the Secured Party shall promptly, upon such satisfaction, execute, acknowledge, and deliver to the Grantor (at the Grantor’s expense) all reasonably requested instruments releasing the security interest in the [Trademarks]/[Patents]/[Copyrights] acquired under this Confirmatory Grant. (b) The Grantor hereby grants to the Secured Party a security interest in [all of the Trademarks set forth in Exhibit A now owned or from time to time after the date hereof owned or acquired by the Grantor]/[all of the Patents set forth in Exhibit A now owned or from time to time after the date hereof owned or acquired by the Grantor]/[all of the Copyrights set forth in Exhibit A now owned or from time to time after the date hereof owned or acquired by the Grantor];