Grant of Security Interest Clause Example from Business Contracts

This example Grant of Security Interest clause appears in 2 contracts from 1 company

Grant of Security Interest. As security for the Obligations, Debtor hereby pledges to Secured Party and grants to Secured Party, except for Permitted Liens, a first-position security interest in all right, title, interest, claims and demands of Debtor in and to the property described in Schedule A hereto, and all replacements, proceeds, products, and accessions thereof (collectively, the "Collateral").