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 Grantor's Obligations, Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to Agent, for itself and the benefit of Lenders, a security interest in and lien upon all of its right, title and interest in, to and under the following property, other than Permitted Encumbrances, whether now owned by or owing to, or hereafter acquired by or arising in favor of Grantor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, Grantor, and regardless of where located (all of which being hereinafter collectively referred to as the "Collateral"):

Appears in 2 contracts

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

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GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Grantor's Secured Obligations, each Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to Collateral Agent, for itself and the benefit of LendersInvestors, a security interest in continuing Security Interest and lien Lien upon all of its right, title and interest in, to and under the following property, all personal property and other than Permitted Encumbrancesassets, whether now owned by or owing to, or hereafter acquired by or arising in favor of such Grantor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, such 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 (Stratus Media Group, Inc), Security Agreement (Stratus Media Group, Inc)

GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Grantor's Obligations, Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to AgentSecured Party, for itself and subject to the benefit of LendersPermitted Encumbrances, a continuing security interest in and lien upon all of its right, title and interest in, to and under the following property, all personal property and other than Permitted Encumbrancesassets, whether now owned by or owing to, or hereafter acquired by or arising in favor of Grantor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, Grantor, and regardless of where located (all of which being hereinafter collectively referred to as the "Collateral"):), including but not limited to the following:

Appears in 2 contracts

Samples: Security Agreement (Cartesian, Inc.), Agreement and Plan of Merger (Cartesian, Inc.)

GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Grantor's Secured Obligations, each Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to Agent, for itself and the benefit of Lenders, Collateral Agent a security interest in and lien Lien upon all of its right, title and interest in, to and under the following property, all personal property (other than Permitted Encumbrancesthe rights of Grantors under the Lease Documents and proceeds thereof), whether now owned by or owing to, or hereafter acquired by or arising in favor of such Grantor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, such 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 (Texas Petrochemicals Inc.), Security Agreement (Texas Petrochemicals Inc.)

GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Grantor's Obligations, each Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to Agent, for itself and the benefit of Lenders, a security interest in and lien Lien upon all of its right, title and interest in, to and under the following property, all personal property and other than Permitted Encumbrancesassets (except as expressly excluded below), whether now owned by or owing to, or hereafter acquired by or arising in favor of such Grantor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, 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 (Finlay Enterprises Inc /De)

GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Grantor's Secured Obligations, each Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to Agent, for itself and the benefit of Lenders, Collateral Agent a security interest in and lien Lien upon all of its right, title and interest in, to and under the following property, all personal property (other than Permitted Encumbrancesthe rights of Grantors under the Lease Documents and proceeds thereof), whether now owned by or owing to, or hereafter acquired by or arising in favor of such Grantor (including under any trade names, styles or derivations thereof)thereon, and whether owned or consigned by or to, or leased from or to, 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 (TPC Group Inc.)

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GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Grantor's Guaranteed Obligations, each Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to Agent, for itself Lender a first- priority lien and the benefit of Lenders, a security interest in and lien other Lien (as applicable) upon all of its right, title and interest in, to and under the following all property, including personal property and other than Permitted Encumbrancesassets, whether now owned by or owing to, or hereafter acquired by or arising in favor of such Grantor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, such Grantor, and regardless of where located (all of which being hereinafter collectively referred to as the "Collateral"):”), including, without limitation, the following:

Appears in 1 contract

Samples: Security Agreement (Asta Funding Inc)

GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Grantor's Obligations, each Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to the Collateral Agent, for itself and the benefit of Lendersthe Purchasers, a Lien upon and security interest in and lien upon all of its such Grantor's right, title and interest in, to and under the following property, all personal property and other than Permitted Encumbrancesassets, whether now owned by or owing to, or hereafter acquired by or arising in favor of such Grantor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, 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 (Dixie Group Inc)

GRANT OF LIEN. (a) To secure the prompt and complete payment, performance and observance of all of the Grantor's Secured Obligations, each Grantor hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to AgentLender, for itself and subject to the benefit last paragraph of Lendersthis Section 2, a first priority security interest in in, and lien Lien upon all of its right, title and interest in, to and under the following property, all personal property and other than Permitted Encumbrances, assets whether now owned by or owing to, or hereafter acquired by or arising in favor of such Grantor (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, 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 (Phone1globalwide Inc)

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