Security Interest in the Collateral. To secure the prompt payment and performance of all of the Obligations to each Secured Party, each Loan Party hereby collaterally assigns, pledges and grants to Agent, for the ratable benefit of each Secured Party, a continuing Lien in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located.
Appears in 3 contracts
Samples: Loan and Security Agreement (Forbes Energy Services Ltd.), Loan and Security Agreement (Forbes Energy Services Ltd.), Loan and Security Agreement (Forbes Energy International, LLC)
Security Interest in the Collateral. To secure the prompt payment and performance of all of the Obligations to each Secured Party, each Loan Party hereby collaterally assigns, pledges and grants to Agent, for the ratable benefit of each Secured Party, a continuing Lien in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall xxxx its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s Lien and shall cause its financial statements, where applicable, to reflect such Lien.
Appears in 3 contracts
Samples: Loan and Security Agreement (American Outdoor Brands, Inc.), Loan and Security Agreement (American Outdoor Brands, Inc.), Loan and Security Agreement (Primo Water Corp)
Security Interest in the Collateral. To secure the prompt payment and performance to each Lender Party of all of the Obligations to each Secured PartyObligations, each Loan Party hereby collaterally assigns, pledges and grants to AgentLender, as agent for the ratable benefit of each Secured Lender Party, a continuing Lien security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall mxxx its books and records as may be necessary or appropriate to evidence, protect and perfect Lender’s security interest in the Collateral and shall cause its financial statements to reflect such security interest.
Appears in 1 contract
Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc)
Security Interest in the Collateral. To secure the prompt payment and performance to each Lender Party of all of the Obligations to each Secured PartyObligations, each Loan Party hereby collaterally assigns, pledges and grants to Agent, as agent for the ratable benefit of each Secured Lender Party, a continuing Lien security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall mark its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s security interest in the Collateral and shall cause its financial statements to reflect such security interest.
Appears in 1 contract
Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc)
Security Interest in the Collateral. To secure the prompt payment and performance of all of the Obligations to each the Secured PartyParties, each Loan Party hereby collaterally assigns, pledges and grants to Agent, for the ratable benefit of each Secured Party, a continuing Lien in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall xxxx its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s Lien and shall cause its financial statements, where applicable, to reflect such Lien.
Appears in 1 contract
Samples: Loan and Security Agreement (Winnebago Industries Inc)
Security Interest in the Collateral. To secure the prompt payment and performance to each Lender Party of all of the Obligations to each Secured PartyObligations, each Loan Party hereby collaterally assigns, pledges and grants to Agent, as agent for the ratable benefit of each Secured Lender Party, a continuing Lien security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall mxxx its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s security interest in the Collateral and shall cause its financial statements to reflect such security interest.
Appears in 1 contract
Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc)
Security Interest in the Collateral. To secure the prompt payment and performance to each Lender Party of all of the Obligations to each Secured PartyObligations, each Loan Party hereby collaterally assigns, pledges and grants to Agent, as agent for the ratable benefit of each Secured Lender Party, a continuing Lien security interest in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall mxxx its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s security interest in the Collateral.
Appears in 1 contract
Samples: Credit and Security Agreement (Sachem Capital Corp.)
Security Interest in the Collateral. To secure the prompt payment and performance of all of the Obligations to each Secured Partythe Lender, each Loan Party hereby collaterally assigns, pledges and grants to Agent, for the ratable benefit of each Secured Party, Lender a continuing Lien in and to all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever located. Each Loan Party shall xxxx its books and records as may be necessary or appropriate to evidence, protect and perfect the Lender’s Lien and shall cause its financial statements, where applicable, to reflect such Lien.
Appears in 1 contract