Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of $10,000,000 individually, the Grantor shall notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 3 contracts
Samples: Collateral Agreement, Collateral Agreement (Univision Holdings, Inc.), Collateral Agreement (Univision Communications Inc)
Commercial Tort Claims. If any Each Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of $10,000,000 individually, the Grantor shall notify will promptly give notice to the Collateral Agent thereof in of any commercial tort claim for which the Grantor has initiated proceedings (other than commercial tort claims the aggregate amount of which do not exceed $7,500,000 for all Grantors) after the date hereof and will promptly execute or otherwise authenticate a writing signed supplement to this Agreement, and otherwise take all action reasonably requested by such Grantor including a summary description of such claim and grant to the Collateral Agent, for to subject such commercial tort claim to the benefit of the Additional First-Lien Secured Parties, in such writing a first priority security interest therein and in the proceeds thereof, all upon the terms of created under this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 3 contracts
Samples: Credit Agreement (Polycom Inc), Credit Agreement (Polycom Inc), Security Agreement (Neustar Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually, the 250,000 such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, Agent for the benefit of the Additional First-Lien Secured Parties, Parties in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 3 contracts
Samples: Guarantee and Collateral Agreement (Interline Brands, Inc./De), Collateral Agreement (Interline Brands, Inc./De), Guarantee and Collateral Agreement (Wilmar Holdings Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim with a value in excess of $10,000,000 individually100,000, the Grantor shall promptly notify the Collateral Administrative Agent thereof in a writing signed by such Grantor including a summary description of such claim the brief details thereof and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Administrative Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Administrative Agent.
Appears in 3 contracts
Samples: Security Agreement (Jupitermedia Corp), Security Agreement (Jupitermedia Corp), Security Agreement (Jupitermedia Corp)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually100,000, the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 3 contracts
Samples: Security Agreement (HC Innovations, Inc.), Security Agreement (HC Innovations, Inc.), Security Agreement (HC Innovations, Inc.)
Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claim constituting Collateral and having a value in excess of $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant enter into an amendment to this Agreement, in the form of Exhibit F hereto, granting to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, in such writing Agent a first priority security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: And Collateral Agreement, Foreign Facility Guarantee and Collateral Agreement (Horizon Global Corp)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of $10,000,000 individually1,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Credit Agreement (TransDigm Group INC), Credit Agreement (TransDigm Group INC)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim having a value in excess of $10,000,000 individually1,000,000, the such Grantor shall promptly notify the Collateral Agent in writing of the details thereof and the Grantors shall take such actions as the Collateral Agent shall reasonably request in a writing signed by such Grantor including a summary description of such claim and order to grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, in such writing a perfected and first priority security interest therein and in the proceeds Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: License Agreement, License Agreement (Toys R Us Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim with an asserted or nominal value in excess of $10,000,000 individually5.0 million, the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon under the terms and provisions of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Abl Guarantee and Collateral Agreement (Neiman Marcus Group LTD LLC), Term Loan Guarantee and Collateral Agreement (Neiman Marcus Group LTD LLC)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually5,000,000, the Grantor shall notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and thereafter, upon the request of the Collateral Agent, grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Security Agreement (Houghton Mifflin Harcourt Co), Security Agreement (Houghton Mifflin Harcourt Co)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of $10,000,000 1,000,000 individually, or $5,000,000 in the aggregate, the Grantor shall notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Intercreditor Agreement (Hawkeye Holdings, Inc.), Intercreditor Agreement (Hawkeye Holdings, Inc.)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim with potential value in excess of $10,000,000 individually1,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Guarantee and Pledge Agreement (Cb Richard Ellis Group Inc), Guarantee and Pledge Agreement (Cb Richard Ellis Group Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually250,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Guarantee, Collateral and Intercreditor Agreement (Network Communications, Inc.), Collateral and Intercreditor Agreement (Network Communications, Inc.)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually15,000,000, the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim, and Schedule IV shall be deemed to be supplemented to include such description of such commercial tort claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, as set forth in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agentwriting.
Appears in 2 contracts
Samples: Intercreditor Agreement (Amc Entertainment Holdings, Inc.), Collateral Agreement (Interactive Data Holdings Corp)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim having a value in excess of $10,000,000 individually500,000 for which such Grantor has filed a complaint in a court of competent jurisdiction, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Credit Agreement (Trimas Corp), Credit Agreement (Trimas Corp)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually250,000, the Grantor shall promptly notify the Collateral Administrative Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Administrative Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Administrative Agent.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (CCE Spinco, Inc.), Guarantee and Collateral Agreement (Live Nation, Inc.)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually750,000, the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Rentech Inc /Co/), Guarantee and Collateral Agreement (Rentech Inc /Co/)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually1,500,000, the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Pacific Energy Resources LTD), Guarantee and Collateral Agreement (Pacific Energy Resources LTD)
Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claim having a value in excess of $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant enter into an amendment to this Agreement, in the form of Exhibit F hereto, granting to the Collateral Agent, for the benefit Agent a first priority (or such other priority required by any of the Additional First-Lien Secured Parties, in such writing a Intercreditor Agreements) security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Intercreditor Agreement (Horizon Global Corp), Credit Agreement (Horizon Global Corp)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually250,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured PartiesCreditors, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Guaranty and Collateral Agreement (NightHawk Radiology Holdings Inc), Guaranty and Collateral Agreement (NightHawk Radiology Holdings Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of commercial tort claim for an amount exceeding $10,000,000 individually100,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim the brief details thereof and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Security Agreement (Advance Auto Parts Inc), Security Agreement (Advance Auto Parts Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually2,500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Domestic Security Agreement (Pliant Corp), Security Agreement (Pliant Corp)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually250,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (Hawaiian Telcom Holdco, Inc.), Guarantee and Collateral Agreement (Hawaiian Telcom Holdco, Inc.)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of $10,000,000 individually1,000,000, the such Grantor shall promptly notify the Collateral Agent in writing of the details thereof and the Grantors shall take such actions as the Collateral Agent shall reasonably request in a writing signed by such Grantor including a summary description of such claim and order to grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a perfected and first priority security interest therein and in the proceeds Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 2 contracts
Samples: Amended and Restated Security Agreement (Gamestop Corp), Security Agreement (GameStop Corp.)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually10,000,000, the such Grantor shall promptly notify the Notes Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant to the Notes Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Notes Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually15,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually10.0 million, the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon under the terms and provisions of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Credit Agreement (Norwegian Cruise Line Holdings Ltd.)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of commercial tort claim with a value equal to or greater than $10,000,000 individually2,500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and the brief details thereof and, at the Collateral Agent’s request, grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim that has a reasonable possibility of yielding proceeds in excess of $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent. SECTION 4.05.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (CCC Information Services Group Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of $10,000,000 individually50,000, the such Grantor shall promptly notify the Collateral Agent in writing of the details thereof and the Grantors shall take such actions as the Collateral Agent shall reasonably request in a writing signed by such Grantor including a summary description of such claim and order to grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a perfected security interest therein and in the proceeds Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess (other than, as long as no Event of Default exists, a Commercial Tort Claim for less than $10,000,000 individually3.0 million), the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim the brief details thereof and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Second Lien Security Agreement (Bon Ton Stores Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or ---------------------- acquire a Commercial Tort Claim in excess of commercial tort claim for an amount exceeding $10,000,000 individually100,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim the brief details thereof and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually1,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim having a value in excess of $10,000,000 individually250,000, the such Grantor shall promptly notify the Collateral Agent in writing of the details thereof and the Grantors shall take such actions as the Collateral Agent shall reasonably request in a writing signed by such Grantor including a summary description of such claim and order to grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, in such writing Agent a perfected and second priority security interest therein and in the proceeds Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually2,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Select Specialty Hospital Topeka Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim having a value, together with all other commercial tort claims of all Grantors in which the Agent does not have a security interest, in excess of $10,000,000 individually250,000 in the aggregate, the such Grantor shall immediately notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim the particulars thereof and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Security Agreement (Lionbridge Technologies Inc /De/)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually1,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Wolverine Tube Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim for an asserted amount in excess of $10,000,000 individually100,000, the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim the particulars thereof and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Security Agreement (Westaff Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim which could reasonably be expected to result in excess of awarded damages in an amount exceeding $10,000,000 individually500,000, the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured PartiesCreditors, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Credit Agreement (Semtech Corp)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim having a value in excess of $10,000,000 individually250,000, the such Grantor shall promptly notify the Collateral Agent in writing of the details thereof and the Grantors shall take such actions as the Collateral Agent shall reasonably request in a writing signed by such Grantor including a summary description of such claim and order to grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a perfected and first priority security interest therein and in the proceeds Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim that has a reasonable possibility of yielding proceeds in excess of $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Security Agreement (Alion Science & Technology Corp)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: And Collateral Agreement (Fisher Scientific International Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually1,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Dress Barn Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually1,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-First Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of $10,000,000 individually50,000, the such Grantor shall promptly notify the Collateral Agent in writing of the details thereof and the Grantors shall take such actions as the Collateral Agent shall reasonably request in a writing signed by such Grantor including a summary description of such claim and order to grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a perfected and first priority security interest therein and in the proceeds Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually20,000,000, the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim, and Schedule IV shall be deemed to be supplemented to include such description of such commercial tort claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, as set forth in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agentwriting.
Appears in 1 contract
Samples: Second Lien Collateral Agreement (Endeavor Group Holdings, Inc.)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually10,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Assignment and Assumption (Fleetcor Technologies Inc)
Commercial Tort Claims. If any the Grantor shall at any time hold or acquire a Commercial Tort Claim with a claim of damages that could reasonably be expected to be in excess of $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent thereof in writing, providing a writing signed by such Grantor including reasonable description and summary thereof, and, if necessary, shall execute a summary description of such claim and grant supplement to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, in such writing this Agreement granting a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory Commercial Tort Claim to the Collateral Agent.
Appears in 1 contract
Samples: Security Agreement (National Consumer Cooperative Bank /Dc/)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of $10,000,000 individuallyan amount reasonably estimated to exceed US$1,000,000, the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be customary in form and substance reasonably satisfactory to the Collateral Agentsubstance.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually500,000, the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, Agent for the benefit of the Additional First-Lien Secured Parties, Parties in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Sea Coast Foods, Inc.)
Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim that it has asserted against any other Person having a value in excess of $10,000,000 individually100,000, the such Grantor shall notify the Collateral Agent thereof Agent, promptly and in any case within five (5) business days, in a writing signed by such Grantor including a summary description of such claim the brief details thereof and grant to the Collateral Agent, Agent for the benefit of the Additional First-Lien Secured Parties, Creditors in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (CareView Communications Inc)
Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claim having a value in excess of $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant enter into an amendment to this Agreement, in the form of Exhibit F hereto, granting to the Collateral Agent, for Agent a first priority (or such other priority required by the benefit of the Additional First-Lien Secured Parties, in such writing a Intercreditor Agreement) security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If Such Grantor will advise the Collateral Agent of such Grantor's interest in any Grantor shall at any time hold or acquire a Commercial Tort Claim in an amount in excess of $10,000,000 individually500,000 in which such Grantor believes it has rights, the and such Grantor shall notify promptly provide the Collateral Agent thereof with an updated Schedule 7 describing such Commercial Tort Claim or such information with respect thereto as may be required in a writing signed by such Grantor including a summary description of such claim order to attach and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, in such writing perfect a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, accordance with such writing to be in form and substance reasonably satisfactory to the Collateral Agentapplicable law.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of $10,000,000 individually2,500,000, the such Grantor shall promptly notify the Collateral Agent in writing of the details thereof and the Grantors shall take such actions as the Collateral Agent shall reasonably request in a writing signed by such Grantor including a summary description of such claim and order to grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Credit Parties, in such writing a perfected and first priority security interest therein and in the proceeds Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Amended And (GameStop Corp.)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim with an amount claimed in excess of $10,000,000 individually125,000, the Grantor shall notify the Collateral Agent thereof concurrently with the delivery of the financial statements referred to in paragraphs (a) or (b) of Section 5.1 of the Credit Agreement that are next due in a writing signed by such Grantor including a summary description of such claim and grant supplemental Schedule IV to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, in include any such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral AgentCommercial Tort Claim.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Healing Co Inc.)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of $10,000,000 individually1,000,000, the such Grantor shall promptly notify the Collateral Agent in writing of the details thereof and the Grantors shall take such actions as the Collateral Agent shall reasonably request in a writing signed by such Grantor including a summary description of such claim and order to grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a perfected and security interest therein and in the proceeds Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Security Agreement (GameStop Corp.)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually5,000,000, the Grantor shall promptly notify the Notes Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Notes Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Notes Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claim having a value in excess of $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant enter into an amendment to this Agreement, in the form of Exhibit F hereto, granting to the Collateral Agent, for the benefit Agent a first priority (or such other priority required by any of the Additional First-Lien Secured Parties, in such writing a Intercreditor AgreementAgreements) security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of $10,000,000 individually100,000, the such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Non Shared Collateral Security Agreement (Allied Waste North America Inc/De/)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually5,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured PartiesCreditors, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Guaranty and Collateral Agreement (WESTMORELAND COAL Co)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of $10,000,000 individually2,000,000, the such Grantor shall immediately notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim the brief details thereof and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds Proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Guaranty and Collateral Agreement (Radiation Therapy Services Holdings, Inc.)
Commercial Tort Claims. If any the Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually3,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such the Grantor including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Shared Collateral Agreement (Hawaiian Telcom Communications, Inc.)
Commercial Tort Claims. If any Grantor shall at any time hold old or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually1,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim for an asserted amount in excess of $10,000,000 individually100,000, the such Grantor shall promptly notify the Collateral Agent thereof Lender in a writing signed by such Grantor including a summary description of such claim the particulars thereof and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral AgentLender.
Appears in 1 contract
Samples: Security Agreement (Westaff Inc)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually1,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor Grantor, including a summary description of such claim and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold obtain knowledge that such Grantor holds or acquire has acquired a Commercial Tort Claim commercial tort claim which could reasonably be expected to result in excess of awarded damages in an amount exceeding $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured PartiesCreditors, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of an amount reasonably estimated to exceed $10,000,000 individually2,500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (St. Louis Pharmaceutical Services, LLC)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim commercial tort claim in excess of $10,000,000 individually100,000, the Grantor shall promptly notify the Collateral Agent thereof Grantee in a writing signed by such Grantor including a summary description of such claim the details thereof and shall promptly grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Grantee in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral AgentGrantee in its reasonable discretion.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or ----------------------- acquire a Commercial Tort Claim in excess of commercial tort claim for an amount exceeding $10,000,000 individually100,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim the brief details thereof and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim that has a reasonable possibility of yielding net proceeds in excess of $10,000,000 individually2,500,000, the Grantor shall promptly notify the U.S. Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the U.S. Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the U.S. Collateral Agent.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Sensus Metering Systems Inc)
Commercial Tort Claims. If any such Grantor shall at any time hold or acquire a Commercial Tort Claim having a value in excess of $10,000,000 individually500,000, the Grantor shall promptly notify the Collateral Agent and the Lender Representative thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant enter into an amendment to this Agreement, in the form of Exhibit F hereto, granting to the Collateral Agent, for the benefit Agent a first priority (or such other priority required by any of the Additional First-Lien Secured Parties, in such writing a Intercreditor Agreements) security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually1,000,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor including a summary description of such claim and grant to the Collateral Agent, for the ratable benefit of the Additional First-Lien Secured Parties, in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Guarantee and Collateral Agreement (Medley Management Inc.)
Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim in excess of an amount reasonably estimated to exceed $10,000,000 individually5.0 million, the such Grantor shall promptly notify the Collateral Agent in writing thereof in a writing signed by such Grantor Grantor, including a summary description of such claim claim, and grant to the Collateral Agent, for the benefit of the Additional First-Lien Secured Parties, Agent in such writing a security interest therein and in the proceeds thereof, all upon under the terms and provisions of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Appears in 1 contract
Samples: Collateral Agreement (Anywhere Real Estate Group LLC)