Common use of Additional Collateral Matters Clause in Contracts

Additional Collateral Matters. (a) The Borrowers will, and will cause their respective Subsidiaries to, (i) provide to the Administrative Agent all information regarding the valuation of the Spanish patents and trademarks necessary to complete the Spanish security documents at the times specified on Schedule 7.29 (as such times may be extended by the Administrative Agent in its sole discretion) and all information regarding the value of the real estate collateral as the Administrative Agent requests in order to obtain title insurance on the real estate collateral and record the Georgia real estate mortgages (or equivalent), and (ii) proceed to convert its Chilean Subsidiary from a non-stock entity into a stock entity and thereafter grant to the Administrative Agent for the benefit of the Banks a security interest in 65% of such Subsidiary's issued and outstanding stock. (b) No later than June 30, 2001, (or such later date as the Administrative Agent and Seminis may agree upon with respect to Collateral located outside the United States) the Borrowers will, and will cause their Subsidiaries to, execute and deliver to the Administrative Agent such amendments and supplements to the Security Documents to which they are a party as the Administrative Agent may request in order to ensure that the Liens granted to it pursuant thereto secure the Term Loans as extended by the last paragraph of Section 1.2 and the Revolving Credit Loans as extended by the last paragraph of Section 1.1(a).

Additional Collateral Matters. (a) The Borrowers will, and will cause their respective Subsidiaries to,, at the times specified on Schedule 7.29 (as such times may be extended by the Administrative Agent in its sole discretion) (i) provide to the Administrative Agent all information regarding the valuation of the Spanish patents and trademarks necessary to complete the Spanish security documents at the times specified on Schedule 7.29 (as such times may be extended by the Administrative Agent in its sole discretion) and all information regarding the value of the real estate collateral as the Administrative Agent requests in order to obtain title insurance on the real estate collateral and record the Georgia real estate mortgages (or equivalent), and (ii) proceed to convert its Chilean Subsidiary from a non-stock entity into a stock entity and thereafter grant to the Administrative Agent for the benefit of the Banks a security interest in 65% of such Subsidiary's issued and outstanding stock, and (iii) execute and deliver to the Administrative Agent and its counsel all documents, instruments, certificates and other items required in order to grant the Administrative Agent valid and perfected liens in the collateral agreed upon in Chile (other than the equity interests in its Chilean Subsidiary) and Spain. (b) No later than June 30, 2001, (or such later date as the Administrative Agent and Seminis may agree upon with respect to Collateral located outside the United States) the Borrowers will, and will cause their Subsidiaries to, execute and deliver to the Administrative Agent such amendments and supplements to the Security Documents to which they are a party as the Administrative Agent may request in order to ensure that the Liens granted to it pursuant thereto secure the Term Loans as extended by the last paragraph of Section 1.2 and the Revolving Credit Loans as extended by the last paragraph of Section 1.1(a).