Additional Collateral Security Sample Clauses

Additional Collateral Security. Reserve Account 8

Additional Collateral Security. In addition to the collateral described in Section 9.1 hereof, payment of the Obligations is also secured by a first priority security interest in (i) all personal property including trademarks and patents of the Borrower (other than application for trademarks and patents based on intent to use) whether now owned or hereafter acquired, and (ii) all outstanding shares of stock of Pro-Bel, as provided, respectively, in the Security Agreements and Pledge Agreement executed and delivered by the Borrower to the Bank. SECTION 10.

Additional Collateral Security. If, upon the dissolution or liquidation (in whole or in part) of any subsidiary listed on Schedule 1 hereto, any sum shall be paid upon or with respect to any of the Pledged Securities, such sum shall be paid over to Pledgee to be held by Pledgee as additional collateral security for the Obligations. In case any stock dividend shall be declared on any of the Pledged Securities, or any shares of stock or fractions thereof shall be issued pursuant to any stock split involving any of the Pledged Securities, or any distribution of capital shall be made on any of the Pledged Securities, or any property shall be distributed upon or with respect to the Pledged Securities pursuant to any recapitalization or reclassification of the capital of any subsidiary listed on Schedule 1 hereto, or pursuant to a reorganization thereof, the shares or other property so distributed shall be delivered to Pledgee as additional collateral security for the Obligations.

Additional Collateral Security. Reserve Account……………………………………. 12

Additional Collateral Security. Cause: (i) each Domestic Subsidiary of any Loan Party not in existence on the Effective Date, to execute and deliver to the Agent promptly and in any event within 3 days after the formation or acquisition thereof (A) a Joinder Agreement, pursuant to which such Subsidiary shall be made a party to this Agreement as a Guarantor, (B) a Security Agreement, (C) if such Subsidiary has any Subsidiaries, a Pledge Agreement together with (x) certificates evidencing all of the Capital Stock of any Person owned by such Subsidiary, (y) undated stock powers executed in blank with signature guaranteed, and (z) such opinion of counsel and such approving certificate of such Subsidiary as the Agent may reasonably request in respect of complying with any legend on any such certificate or any other matter relating to such shares, and (D) such other agreements, instruments, approvals, legal opinions or other documents reasonably requested by the Agent in order to create, perfect, establish the first priority of or otherwise protect any Lien purported to be covered by any such Security Agreement, Pledge Agreement or otherwise to effect the intent that such Subsidiary shall become bound by all of the terms, covenants and agreements contained in the Loan Documents and that all property and assets of such Subsidiary shall become Collateral for the Obligations; and (ii) each owner of the Capital Stock of any Subsidiary of Borrower not in existence as of the Effective Date to execute and deliver promptly and in any event within 3 days after the formation or acquisition of such Subsidiary a Pledge Agreement, together with (A) certificates evidencing all of the Capital Stock of such Subsidiary, (B) undated stock powers or other appropriate instruments of assignment executed in blank with signature guaranteed, (C) such opinion of counsel and such approving certificate of such Subsidiary as the Agent may reasonably request in respect of complying with any legend on any such certificate or any other matter relating to such shares and (D) such other agreements, instruments, approvals, legal opinions or other documents requested by the Agent.

Additional Collateral Security. In addition to the collateral described in Section 9.1 hereof, payment of the Obligations is also secured by a first priority (subject to Liens permitted by this Agreement) security interest in (i) all assets and personal property and fixtures of the Borrower and each Guarantor, (ii) assignments of all financing statements in favor of the Borrower and/or the Guarantors in connection with its (their) purchase of accounts receivable, (iii) all the issued and outstanding Capital Stock of each Subsidiary that is or becomes a Guarantor, and (iv) all proceeds and products of the forgoing, whether now owned or hereafter acquired, as provided in a Security Agreement executed or to be executed and delivered by the Borrower and each Guarantor to the Bank.

Additional Collateral Security. The Companies shall, within 10 Business Days after the formation or acquisition of any Finance Company of the Company, execute and deliver, or cause each owner of any Capital Stock of such Finance Company to execute and deliver a supplement to the Pledge Agreement, together with (i) certificates evidencing all of the shares of Capital Stock of such Finance Company or if such Capital Stock is subject to a Lien granted in favor of the Senior Agent pursuant to the Senior Financing Agreement or a Lien granted in favor of the Senior Subordinated Agent pursuant to the Senior Subordinated Indebtedness Documents, copies of such certificates; provided that (A) upon payment in full of the Indebtedness under the Senior Financing Agreement, the original certificates shall be delivered to one of such agents, as applicable, and (B) upon payment in full of the Senior Subordinated Indebtedness, the original certificates shall be delivered to the Agent together with undated stock powers executed in blank with signature guaranteed, and such opinion of counsel and such approving certificate of such Subsidiary as the Agent may reasonably request in respect of complying with any legend on any such certificate or any other matter relating to such shares, and (ii) such other agreements, instruments, approvals, legal opinions or other documents requested by the Agent.

Additional Collateral Security. 38 ------------ ------------------------------

Additional Collateral Security. (a) Notwithstanding Section 2.08(b), if no Default or Event of Default shall have occurred and be continuing, Borrower may provide Eligible Additional Real Property as collateral for the Revolving Credit Facility to (i) increase the Borrowing Base, or (ii) substitute collateral in place of a Released Property. (b) In the event Lender determines, in its sole but reasonable discretion, that the collective value of the Properties in comparison to the amount outstanding under the Revolving Credit Facility results in a Borrowing Base Deficiency, Lender shall provide notice thereof to Borrower (a "Borrowing Base Deficiency Notice"). Within three (3) Business Days following its receipt of a Borrowing Base Deficiency Notice, Borrower shall either (i) notify Lender in writing that it will provide Eligible Additional Real Property as collateral for inclusion in the Borrowing Base, or (ii) remedy the Borrowing Base Deficiency in accordance with Section 2.01. If Borrower timely notifies Lender that it will provide Eligible Additional Real Property as collateral, Borrower shall have forty-five (45) days to provide such Eligible Additional Real Property. If Lender accepts such Eligible Additional Real Property as collateral, the Borrowing Base will be increased accordingly. If Borrower does not provide such Eligible Additional Real Property within forty-five (45) days or in accordance with the conditions set forth in this Section 2.08, Borrower must immediately resolve the Borrowing Base Deficiency in accordance with Section 2.01. (c) Borrower must provide Eligible Additional Real Property pursuant to the following terms and conditions: (i) Such Eligible Additional Real Property must be acceptable in the Lender's sole but reasonable discretion; (ii) Borrower must satisfy the conditions precedent set forth in Article 3 with respect to each Eligible Additional Real Property; (iii) Borrower must grant Lender a first priority Mortgage in such Eligible Additional Real Property in form and substance reasonably acceptable to Lender; and (iv) Borrower must provide Lender with such due diligence items or other information requested in Lender's sole but reasonable discretion.