Security Interest Contract Clauses (497)

Security Interest. The full amount of this Note is secured by all assets of the Company in accordance with the Security Agreement dated December 11, 2014 and attached hereto as Exhibit A.

Security Interest. To secure Great Basin's timely payment and performance of the "Obligations" (as defined below), Great Basin hereby transfers, conveys, assigns and grants to the Foundation a first-position security interest in all of Great Basin's personal property, including, without limitation, all right, title and interest of Great Basin, whether now owned or existing or hereafter acquired or arising, and wheresoever located, in, to and under (with each of the following capitalized terms having the meaning gi...ven thereto in the "UCC" (as defined below)): (a) all Accounts; (b) all As-Extracted Collateral; (c) all Chattel Paper; (d) all Commercial Tort Claims; (e) all Commodity Accounts; (f) all Commodity Contracts; (g) all Deposit Accounts; (h) all Documents; (i) all Equipment; (j) all Fixtures; (k) all General Intangibles; (l) all Goods and all Accessions thereto, and Goods with which the Goods are commingled; (m) all Instruments; (n) all Intellectual Property; (o) all Inventory; except to the extent sold by Great Basin in the ordinary course of business; (p) all Investment Property; (q) all Letter-of-Credit Rights; (r) all Promissory Notes; (s) all Software; (t) all other personal property not otherwise described above; (u) all books and records pertaining to the Collateral; and (v) to the extent not otherwise included, all Proceeds, products, income and profits of the foregoing, and all accessions thereto and all collateral security and guarantees given by any person or entity with respect to any of the foregoing (collectively, the "Collateral"). View More

Security Interest. (a) Upon entry of the DIP Order, such DIP Order shall be effective to create in favor of the Commitment Parties, for the benefit of the Commitment Parties, a legal, valid, enforceable and perfected security interest in the Collateral of the Borrower and proceeds thereof, as contemplated thereby, as described in the 210 DIP Documents. (b) The provisions of the 210 DIP Documents shall be effective to create in favor of the Commitment Parties, for the benefit of the Commitment Parties, a legal, val...id, enforceable and perfected security interest and hypothecate in the Collateral6 of the Borrower and the Guarantors and proceeds thereof, contemplated thereby, as described in the 210 DIP Documents. View More

Security Interest. This security interest is granted in conjunction with the security interests granted to Lender pursuant to the Guaranty. Pledgor does hereby further acknowledge and affirm that the rights and remedies of Lender with respect to the security interest in the Intellectual Property Collateral made and granted hereby are subject to, and more fully set forth in, the Guaranty, the terms and provisions of which are incorporated by reference herein as if fully set forth herein.

Security Interest. 3.1 Grant of Security Interest. As security for the prompt performance, observance and payment in full of all obligations of Borrowers to Lender hereunder, each Borrower hereby pledges, assigns, transfers and grants to Lender a security interest in, and continuing lien upon, and right of setoff against the following property, whether such property or the Borrowers' right, title or interest therein or thereto is now owned or existing or hereafter acquired or arising: (a) all Accounts, including, ...without limitation, all Credit Card Receivables; (b) all other payment rights arising out of the provision of goods or services by the Borrowers; (c) the Collection Account; (d) all rights to receive payments from the Processor and all other rights arising out of or otherwise relating to the Processor Agreement; (e) Chattel Paper, including Electronic Chattel Paper and tangible Chattel Paper; (f) Commercial Tort Claims; (g) Documents; (h) Equipment, machinery, furniture, furnishings and fixtures and all parts, tools, accessories and Accessions; (i) Fixtures; (j) General Intangibles, including but not limited to patents, trademarks and tradenames and the goodwill and inherent value associated therewith, tax refunds, customer lists, insurance claims and goodwill of Borrower; (k) Goods; (l) Instruments; (m) Inventory, merchandise, materials, whether raw, work in progress or finished goods, packaging and shipping materials and all other tangible property held for sale or lease; (n) Investment Property; (o) Payment Intangibles; (p) Proceeds, including Cash Proceeds and Non-Cash Proceeds, and proceeds of any insurance policies covering any of the Collateral; (q) Promissory Notes; (r) Records, including all books, records and other property at any time evidencing or relating to any of the foregoing, and all electronic means of storing such Records; (s) to the extent not otherwise included above, all collateral support and Supporting Obligations relating to any of the foregoing; and (t) to the extent not otherwise included above, all Proceeds, products, accessions, rents and profits of or in respect of any of the foregoing (collectively, the "Collateral"). All capitalized terms in this description that are not otherwise defined shall have the meanings given to them under the UCC. Each of the Borrowers also unconditionally and irrevocably assigns to Lender and grants to Lender a security interest in and to all its present and future right, title and interest to receive monies under all present and future Processor Agreements (as hereinafter defined), all other agreements with Processors, agents, independent sales organizations (ISO's) and all other persons, all of which shall be deemed to be part of the Collateral. In addition to the foregoing, the security interest in the Collateral secures the payment and performance of all existing and future obligations of any nature whatsoever of the Borrowers to the Lender, including, without limitation, the Borrowers' obligation to pay all Collection Amounts, fees, and Reimbursable Expenses owing at any time under this Agreement and/or any Related Agreements. The term "Borrowers," as used in this Section 3, and for purposes of identifying the debtor(s) granting the security interest in this Section 3, shall mean the Borrowers in their own capacity and as agent for each Borrower Affiliate (as defined below). 5 Borrowers' initials: _______ 3.2. Authorization to File Financing Statements. Borrowers hereby authorize Lender to execute and/or file UCC financing statements (including amendments) in order to perfect the security interests granted to Lender under this Agreement, the Related Agreements or otherwise. View More

Security Interest. No party to this Escrow Agreement shall grant a security interest in any monies or other property deposited with the Escrow Agent under this Escrow Agreement, or otherwise create a lien, encumbrance or other claim against such monies or borrow against the same.

Security Interest. The payment and performance of this Note is secured by a Lien on certain of the properties and assets of the Company and on certain of the properties and assets of the Grantors, pursuant to and in accordance with the provisions of the Security Documents. The Security Documents additionally secure the obligations of the Company and the Purchaser arising under that certain Amended and Restated Secured Promissory Note dated as of the date hereof made by the Purchaser in favor of Holder in the origi...nal principal amount of $4,457,250 (the "Other Note"), which Other Note amended and restated that certain Secured Promissory Note dated as of March 13, 2015 in favor of Holder in the original principal amount of $3,750,000.00 (the "Original Other Note"). View More

Security Interest. The Manager warrants and represents that the Subordinated Obligations are unsecured and agrees that (i) the Manager hereafter will not, unless and until all of the Senior Indebtedness shall have been fully paid and satisfied and all financial arrangements between the Loan Parties and the Lender have been terminated, accept any security therefor from the Loan Parties or any other Person for all or part of the Subordinated Obligations and (ii) in the event the Manager does obtain any security for ...the Subordinated Obligations, at the request of the Lender, the Manager shall execute and deliver to the Lender, and hereby authorizes the Lender to prepare and record, such termination statements and releases as the Lender shall reasonably request or require to release the Manager's security interest or lien against such property. View More

Security Interest. As a further inducement for Prestige to enter into this Agreement, and as security for the prompt performance, observance and payment of all obligations owing by Seller to Prestige, Seller hereby grants to Prestige a continuing security interest in and lien upon the following (herein collectively referred to as the "Collateral"): all accounts, inventory, machinery and equipment, instruments, documents, chattel paper and general intangibles (as such terms are defined in the Uniform Commercial Cod...e), whether now owned or hereafter created or acquired by Seller, wherever located, and all replacements and substitutions therefore, accessions thereto, and products and proceeds thereof, and all property of Seller at any time in Prestige's possession. View More

Security Interest. To secure payment and performance of all present and future obligations of Seller to Purchaser, Seller grants to Purchaser a continuing first priority security interest in and to the Collateral, and authorizes Purchaser to file a UCC-1 in all jurisdictions and offices Purchaser deems appropriate which names Seller as the debtor and covering the Collateral.