Common use of Additional Collateral Security Clause in Contracts

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. CauseThe Borrower shall, to the extent not prohibited by the terms of the Revolving Loan Agreement or the Mortgage Note Agreement, cause: (i) each Domestic Subsidiary of any Loan Party the Borrower not in existence on the Effective Funding Date, to execute and deliver to the Agent promptly and in any event within 3 three days after the formation formation, acquisition or acquisition change in status thereof (A) a Joinder Agreement, pursuant to which such Subsidiary shall be made a party to this Agreement as a Guarantorguaranty guaranteeing the Term Loan Obligations, (B) a Security Agreementsecurity agreement providing for security interests in substantially all of such Subsidiary's assets, (C) if such Subsidiary has any Subsidiaries, a Pledge Agreement pledge agreement providing for a security interest in all shares of such Capital Stock, in each case in form and substance reasonably satisfactory to the Required Lenders, together with (x) a UCC Filing Authorization Letter, duly executed by such Subsidiary, (y) certificates evidencing all of the Capital Stock of any Person owned by such Subsidiary, Subsidiary and (yz) 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 perfect or otherwise protect any Lien purported to be covered by any such Security Agreement, Pledge Agreement security agreement or pledge agreement or otherwise to effect the intent that such Subsidiary shall become bound by all of the terms, covenants convenants and agreements contained in the Loan Documents and that all property and assets of such Subsidiary shall become Collateral for the Term Loan Obligations; and (ii) each owner of the Capital Stock of any such Subsidiary of Borrower not in existence as of the Effective Date to execute and deliver promptly and in any event within 3 three days after the formation or acquisition of such Subsidiary a Pledge Agreementpledge agreement, in form and substance satisfactory to the Agent, 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.