2010079�7
<br />(ii) as to the Trust Estate, any Lien permitted under the Credit Agreement.
<br />Potential Default shall mean the occurrence of a»y event which with the giving of notice
<br />andJor the passage of time and/or the occurrence of any other condition would ripen into an
<br />Event of Default.
<br />Trust Estate shall have the meaning specified in Section 2.01.
<br />ARTICLE II,
<br />GRANTING CLAUSES
<br />Sectian 2.U1. Granting Clauses. In order to secure the repayment of the Indebtedness,
<br />whether such Indebtedness is rnade or incurred pursuant to a commitxnent, made at the optian of
<br />a Secured Creditar, rnade or incurred after a reduction to zera ar other balance, or made or
<br />incurred atherwise, up to the Maximum Debt Limit, and to declare the terms and conditions upon
<br />which the Indebtedness is to be secured, the Grantor, in consideration of the premises, does
<br />hereby grant, bargain, sell, alienate, convey, assign, transfer, mortgage, hypothecate, pledge, set
<br />over and con�rm unto the Beneficiary, and its respective assigns, for the ratable benefit of the
<br />Bene�ciary, the Lenders and the Issuers, the �'ollowing (all of which are hereinafter collectively
<br />called the "Trust Estate"):
<br />All right, title and interest of the Grantor in and ta those fee and leasehald estates in real
<br />property described in Exhibit "A" hereto, subject in each case to those matters set forth in such
<br />Exhibit, together with all buildangs, improvements, fixed assets, personalty and �xtures now ar
<br />in the future annexed, affixed or attached to said real property or said buildings, improvements or
<br />structures located thereon; and
<br />All right, title and interest of the Grantor in, to and under any and all grants, privileges,
<br />rights of way, easements and other similar interest now owned, held, leased, enjoyed or
<br />exercised, or which may hereafter be owned, held, leased, acquired, enjoyed or exercised, by the
<br />Grantor fnr the purpases of; or in connection with the real property described in Exhibit "A"
<br />hereto or, the construction, acquisition, ownership, use or operation by or on behalf of the
<br />Grantor of all buildings and improvements located on the property encuar►bered hereby, wherever
<br />located.
<br />TOGETHER WITH all tenements, hereditaments and appurtenances belonging or
<br />otherwise pertaining to the aforesaid property or any part thereof, with all reversions, remainders,
<br />rents, income, revenues, profits, cash, proceeds, products and bene�ts at any time derived,
<br />received or had from any nr all of the above-described prope�y af the Grantor and all deposits or
<br />other accounts into which the same may be deposited.
<br />TO HAVE AND TO HOLD the Trust Estate unto the Trustee and the Beneficiary, and
<br />their respective assigns forever, ta secure the payrnent and performance of the Indebtedness,
<br />including, without liinitation, the due performance of the covenants, agreements and provisions
<br />4
<br />
|