Common use of GRANT OF LIEN Clause in Contracts

GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Subordinated Note Obligations (specifically including, without limitation, each Grantor’s Note Obligations arising under the cross-guaranty provisions of Section 10 of the Note Purchase Agreement), the Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to Second Lien Agent, for the benefit of Subordinated Note Purchasers, a second priority Lien upon all of its right, title and interest in, to and under all personal property and other assets, whether now owned by or owing to, or hereafter acquired by or arising in favor of the Grantor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, the Grantor, and regardless of where located (all of which being hereinafter collectively referred to as the “Collateral”), including:

Appears in 2 contracts

Samples: Security Agreement (Encompass Group Affiliates, Inc), Security Agreement (Advanced Communications Technologies Inc)

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GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Subordinated Note Guaranteed Obligations and all other Obligations other than Permitted Encumbrances and Litigation Obligations (specifically includinghereinafter, without limitation, "Obligations") of Grantor hereunder and under each Grantor’s Note Obligations arising under the cross-guaranty provisions of Section 10 of the Note Purchase Agreement)Loan Documents to which it is a party, the Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to Second Lien Agent, for itself and the benefit of Subordinated Note PurchasersLenders, a second priority Lien security interest in and lien upon all of its right, title and interest in, to and under all personal property and other assetsthe following property, whether now owned by or owing to, or hereafter acquired by or arising in favor of the Grantor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, the Grantor, and regardless of where located (all of which being hereinafter collectively referred to as the "Collateral”), including:"):

Appears in 2 contracts

Samples: Security Agreement (Code Alarm Inc), Security Agreement (Code Alarm Inc)

GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Subordinated Senior Note Obligations (specifically including, without limitation, each Grantor’s Note Obligations arising under the cross-guaranty provisions of Section 10 of the Note Purchase Agreement), the Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to Second First Lien Agent, for the benefit of Subordinated Senior Note Purchasers, a second first priority Lien upon all of its right, title and interest in, to and under all personal property and other assets, whether now owned by or owing to, or hereafter acquired by or arising in favor of the Grantor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, the Grantor, and regardless of where located (all of which being hereinafter collectively referred to as the “Collateral”), including:

Appears in 2 contracts

Samples: Security Agreement (Encompass Group Affiliates, Inc), Security Agreement (Advanced Communications Technologies Inc)

GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Subordinated Note Obligations (specifically including, without limitation, including each GrantorBorrower’s Note Obligations arising under the cross-guaranty provisions of Section 10 12 of the Note Purchase AgreementCredit Agreement and each Guarantor’s obligations arising under the Guaranties), the each Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to Second Lien Agent, for the benefit of Subordinated Note PurchasersAgent and Lenders, a second priority Lien upon all of its right, title and interest in, to and under all the following personal property and other assetsof such Grantor, whether now owned by or owing to, or hereafter acquired by or arising in favor of the of, such Grantor (including under any trade names, styles or derivations thereof), and whether owned by or consigned by or to, or leased from or to, the such Grantor, and regardless of where located (all of which being hereinafter collectively referred to as the “Collateral”), including:):

Appears in 1 contract

Samples: Security Agreement (Ddi Corp)

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GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Subordinated Note Second Priority Lien Obligations (specifically includingand all renewals, without limitationextensions, restructurings and refinancings thereof, and all obligations, liabilities, and indebtedness of Grantors arising under this Agreement, each Grantor’s Note Obligations arising under the cross-guaranty provisions of Section 10 of the Note Purchase Agreement), the Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to Second Lien Collateral Agent, for the benefit of Subordinated Note Purchasersthe Trustee and the Noteholders, a second priority Lien upon all of its right, title and interest in, to and under all personal property and other assets, whether now owned by or owing to, or hereafter acquired by or arising in favor of the such Grantor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, the such Grantor, and regardless of where located (all of which being hereinafter collectively referred to as the “Collateral”), including:

Appears in 1 contract

Samples: Security Agreement (Southern Construction Products Inc)

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