Common use of Acquisition of Material Assets Clause in Contracts

Acquisition of Material Assets. (i) If any Material Real Property is acquired by the Parent, the Borrower or any Subsidiary Loan Party after the Closing Date (other than assets constituting collateral security under the Loan Documents that become subject to the Liens of the Loan Documents upon acquisition thereof and assets of the type that are specifically excluded from the grant of security under the Loan Documents or by the terms of this Agreement), the Borrower will notify the Agent thereof, and, if requested by the Agent, the Parent and the Borrower will cause such assets to be subjected to a Lien securing the Indebtedness and will take, and cause the Subsidiary Loan Parties to take, such actions as shall be reasonably requested by the Agent to grant and perfect such Liens, including actions described in paragraph (a) of this Section, all at the expense of the Loan Parties.

Acquisition of Material Assets. (i) If any Material Real Property is acquired by the Parent, the Borrower Borrowers or any Subsidiary Loan Party after the Closing Date (other than assets constituting collateral security under the Loan Documents Security Agreements that become subject to the Liens of the Loan Documents Security Agreements upon acquisition thereof and assets of the type that are specifically excluded from the grant of security under the Loan Security Documents or by the terms of this Agreement), the Borrower Borrowers will notify the Collateral Agent thereof, and, if requested by the Administrative Agent, the Parent and the Borrower Borrowers will cause such assets to be subjected to a Lien securing the Indebtedness Obligations and will take, and cause the Subsidiary Loan Parties to take, such actions as shall be reasonably requested by the Administrative Agent to grant and perfect such Liens, including actions described in paragraph (a) of this Section, all at the expense of the Loan Parties.