Additional Credit Security. As additional Credit Security, each Obligor covenants that it will mortgage, pledge and collaterally grant and assign to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and will create a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Agent may from time to time specify by notice to such Obligor, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 3.1.17(a) through (c), subject only to Liens permitted by Section 3.3.3, all of which shall thereupon be included in the term "Credit Security":
Additional Credit Security. As additional Credit Security, each Obligor covenants that it will mortgage, pledge and collaterally grant and assign to the Agent for the benefit of the Holders, and will create a security interest in favor of the Agent for the benefit of the Holders in all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Agent may from time to time specify by notice to such Obligor, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 3.1.15(a) through (f), subject only to Liens permitted by Section 3.3.3, all of which shall thereupon be included in the term "CREDIT SECURITY":
Additional Credit Security. 7 3.3. Certain Covenants with Respect to Credit Security ...........7 3.4. Administration of Credit Security............................14 3.5. Right to Realize upon Credit Security........................16 3.6.
Additional Credit Security. 9 3.3. Certain Covenants with Respect to Credit Security.................................................... 9 3.4.
Additional Credit Security. As additional Credit Security, each Obligor covenants that it will mortgage, pledge and collaterally grant and assign to the Lender and the holders from time to time of any Credit Obligation, and will create a security interest in favor of the Lender and such holders in, all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Lender may from time to time specify by notice to such Obligor, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 3.1.15(a) through (e), subject only to liens permitted by Section 3.3.3, all of which shall thereupon be included in the term "CREDIT SECURITY":
Additional Credit Security. 11 3.2.1. Real Property..........................................................................11 3.2.2. Motor Vehicles and Aircraft............................................................11 3.3. Certain Covenants with Respect to Credit Security.................................................11 3.3.1. Pledged Stock..........................................................................12 3.3.2.
Additional Credit Security. As soon as possible, each of the Company and its Subsidiaries (excluding Bear Paw Energy Inc.) shall enter into a security agreement granting to the Collateral Agent on behalf of the holders of the Notes and on behalf of the lenders under the Bank Agreement a security interest in all of the accounts, inventory, general intangibles and other personal property of the Company and such Subsidiaries, in which security agreement the Company and such Subsidiaries shall agree, among other things, to perfect such security interests as soon as possible and to convey to the Collateral Agent acting in such capacity deeds of trust and/or mortgages on all of their real property; and such agreement shall be satisfactory in form and substance to the Collateral Agent and the Required Holder(s) and accompanied by such corporate certificates and legal opinions as the Collateral Agent or the Required Holder(s)shall require. The Loan Security granted thereunder shall be shared on a parity basis between the Obligations and the Bank Obligations in the same manner as currently provided in the Intercreditor Agreement.
Additional Credit Security. 5 2.2.1. Real Property...........................................................................5 2.2.2. Motor Vehicles and Aircraft.............................................................5 2.3. Certain Covenants with Respect to Credit Security..................................................5 2.3.1. Pledged Stock...........................................................................5 2.3.2. Accounts and Pledged Indebtedness.......................................................6 2.3.3. No Liens or Restrictions on Transfer or Change of Control...............................6 2.3.4. Jurisdiction of Organization............................................................6 2.3.5. Location of Credit Security.............................................................6 2.3.6. Trade Names.............................................................................7 2.3.7. Insurance...............................................................................7 2.3.8. Intellectual Property...................................................................8 2.3.9. Deposit Accounts........................................................................8 2.3.10. Modifications to Credit Security.......................................................8 2.3.11. Delivery of Documents..................................................................9 2.3.12. Perfection of Credit Security..........................................................9 2.4. Administration of Credit Security.................................................................10 2.4.1. Use of Credit Security.................................................................10 2.4.2. Accounts...............................................................................10 2.4.3. Distributions on Pledged Securities....................................................10 2.4.4. Voting Pledged Securities..............................................................10 2.5. Right to Realize upon Credit Security.............................................................11 2.5.1. Assembly of Credit Security; Receiver..................................................11 2.5.2. General Authority......................................................................11 2.5.3. Marshaling, etc........................................................................12 2.5.4. Sales of Credit Security...............................................................13 2.5.5. Sale without Registration.................
Additional Credit Security. 77 10.3. Representations, Warranties and Covenants with Respect to Credit Security.. 77 10.4.
Additional Credit Security. As soon as possible, each of the Company and its Subsidiaries (excluding Bear Paw Energy Inc.) shall enter into a security agreement granting to the Agent acting as collateral agent on behalf of the Lenders and on behalf of the lenders under the Master Shelf Agreement referred to in Section 6(a) above a security interest in all of the accounts, inventory, general intangibles and other personal property of the Company and such Subsidiaries, in which security agreement the Company and such Subsidiaries shall agree, among other things, to perfect such security interests as soon as possible and to convey to the Agent acting in such capacity deeds of trust and/or mortgages on all of their real property; and such agreement shall be satisfactory in form and substance to the Agent and accompanied by such corporate certificates and legal opinions as the Agent shall require. The Credit Security granted thereunder shall be shared on a parity basis between the Credit Obligations and the Indebtedness permitted by Section 6.6.12 of the Credit Agreement in the same manner as currently provided in the Intercreditor Agreement. The Agent is authorized to enter into the agreements contemplated by this Section 7 on behalf of the Lenders and on behalf of itself acting as collateral agent, and in so acting shall be entitled to all of the protections afforded by the Credit Agreement.
