Common use of Additional Collateral; Further Assurances Clause in Contracts

Additional Collateral; Further Assurances. (a) Subject to applicable law, the Borrower and each other Loan Party shall, unless the Lender otherwise consents, cause each Subsidiary of the Borrower (excluding any foreign Subsidiary) formed or acquired after the date of this Agreement in accordance with the terms of this Agreement to become a Loan Party by executing the Joinder Agreement set forth as Exhibit D hereto (the “Joinder Agreement”). Upon execution and delivery thereof, each such Person (i) shall automatically become a Loan Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents and (ii) will grant Liens to the Lender, in any property (other than any real property) of such Loan Party which constitutes Collateral.

Appears in 2 contracts

Samples: Joinder Agreement (Material Sciences Corp), Joinder Agreement (Material Sciences Corp)

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Additional Collateral; Further Assurances. (a) Subject to applicable law, the each Borrower and each other Subsidiary that is a Loan Party shall, unless the Lender otherwise consents, cause each Subsidiary of the Borrower (excluding any foreign Subsidiary) its Domestic Subsidiaries formed or acquired after the date of this Agreement in accordance with the terms of this Agreement to become a Loan Party by executing the Joinder Agreement set forth as Exhibit D hereto (the “a Joinder Agreement”). Upon execution and delivery thereof, each such Person (i) shall automatically become a Loan Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents and (ii) will grant Liens to the Lender, Lender in any property (other than any real property) of such Loan Party which constitutes Collateral.

Appears in 2 contracts

Samples: Credit Agreement (Compressco Partners, L.P.), Joinder Agreement (Compressco Partners, L.P.)

Additional Collateral; Further Assurances. (a) Subject to applicable law, the Borrower and each other Subsidiary that is a Loan Party shall, unless the Lender otherwise consents, cause each Subsidiary of the Borrower (excluding any foreign Subsidiary) formed or acquired after the date of this Agreement in accordance with the terms of this Agreement to become a Loan Party by executing the Joinder Agreement set forth as Exhibit D hereto (the “Joinder Agreement”)a supplement to a Loan Guaranty. Upon execution and delivery thereof, each such Person (i) shall automatically become a Loan Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents Documents, and (ii) will grant Liens to the Lender, in any property (other than any real property) of such Loan Party which constitutes Collateral, including any parcel of real property located in the U.S. owned by any Loan Party.

Appears in 2 contracts

Samples: Loan Agreement (A123 Systems, Inc.), Loan Agreement (Wanxiang Group Corp)

Additional Collateral; Further Assurances. (a) Subject to applicable law, the Borrower Borrowers and each other Subsidiary that is a Loan Party shall, unless the Lender otherwise consents, shall cause each Subsidiary of the Borrower (excluding any foreign Subsidiary) its domestic Subsidiaries formed or acquired after the date of this Agreement in accordance with the terms of this Agreement to become a Loan Party by executing the Joinder Agreement set forth as Exhibit D E hereto (the “Joinder Agreement”). Upon execution and delivery thereof, each such Person (i) shall automatically become a Loan Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents and (ii) will grant Liens to the LenderCollateral Agent, for the benefit of the Agents, the Lenders and the Other Secured Parties, in any property (other than any real property) of such Loan Party which constitutes Collateral, including any parcel of Real Property located in the U.S. owned by any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Stewart & Stevenson LLC)

Additional Collateral; Further Assurances. (a) Subject to applicable law, the Borrower and each other Loan Party Domestic Subsidiary shall, unless the Lender otherwise consents, cause each Subsidiary of the Borrower (excluding any foreign Subsidiary) its Domestic Subsidiaries formed or acquired after the date of this Agreement in accordance with the terms of this Agreement to become execute a Loan Party by executing the Joinder Agreement set forth as Exhibit D hereto (the “Joinder Agreement”). Upon execution and delivery thereof, each such Person (i) shall automatically become a Loan Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents and (ii) will grant Liens to the Lender, in any property (other than any real property) of such Loan Party which constitutes Collateral.

Appears in 1 contract

Samples: Credit Agreement (Zoltek Companies Inc)

Additional Collateral; Further Assurances. (a) Subject to applicable law, the Borrower Borrowers and each other Subsidiary that is a Loan Party shall, unless the Lender otherwise consents, cause each Subsidiary of the Borrower (excluding any foreign Subsidiary) Borrowers formed or acquired after the date of this Agreement in accordance with the terms of this Agreement to become a Loan Party by executing the Joinder Agreement set forth as Exhibit D hereto (the “Joinder Agreement”). Upon execution and delivery thereof, each such Person (i) shall automatically become a Loan Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents and (ii) will grant Liens to the Lender, in any property (other than any real property) of such Loan Party which constitutes Collateral, including any parcel of real property located in the U.S. owned by any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Echo Global Logistics, Inc.)

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Additional Collateral; Further Assurances. (a) Subject to applicable law, the each Borrower and each other Restricted Subsidiary that is a Loan Party shall, unless the Lender otherwise consents, shall cause each Subsidiary of the Borrower (excluding any foreign Subsidiary) its Domestic Subsidiaries formed or acquired after the date of this Agreement in accordance with the terms of this Agreement to become a Loan Party by executing the Joinder Agreement set forth as Exhibit D hereto (the “Joinder Agreement”). Upon execution and delivery thereof, each such Person (i) shall automatically become a Loan Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents and (ii) will grant Liens to the LenderAdministrative Agent, for the benefit of the Administrative Agent and the Lenders, in any property (other than any real property) of such Loan Party which constitutes Collateral, including any parcel of real property located in the U.S. owned by any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Interline Brands, Inc./De)

Additional Collateral; Further Assurances. (a) Subject to applicable law, the Borrower and each other Subsidiary that is a Loan Party shall, unless the Lender otherwise consents, shall cause each Subsidiary of the Borrower (excluding any foreign Subsidiary) its domestic Subsidiaries formed or acquired after the date of this Agreement in accordance with the terms of this Agreement to become a Loan Party by executing the Joinder Agreement set forth as Exhibit D E hereto (the “Joinder Agreement”). Upon execution and delivery thereof, each such Person (i) shall automatically become a Loan Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents and (ii) will grant Liens to the Lender, Lender in any property (other than any real property) of such Loan Party which constitutes Collateral, including any parcel of real property located in the U.S. owned by any Loan Party.

Appears in 1 contract

Samples: Credit Agreement (Utah Medical Products Inc)

Additional Collateral; Further Assurances. (a) Subject to applicable lawRequirements of Law, the Borrower and each other Loan Party shall, unless the Lender otherwise consents, will cause each Domestic Subsidiary of the Borrower (excluding any foreign Subsidiary) formed or acquired after the date of this Agreement in accordance with the terms of this Agreement Agreement, including without limitation, any additional series limited liability company, to become a Borrower or a Loan Party by executing a joinder agreement in form satisfactory to the Joinder Agreement set forth as Exhibit D hereto (the “Joinder Agreement”)Lender. Upon execution and delivery thereof, each such Person (i) shall automatically become a Borrower or Loan Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents and (ii) will grant Liens to the Lender, for the benefit of the Secured Parties, in any property (other than any real property) of such Loan Party which constitutes Collateral, including any parcel of real property located in the U.S. owned by any Loan Party.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement (Servicesource International, Inc.)

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