Additional Notes Collateral Clause Samples
Additional Notes Collateral. If the First Lien Debt is secured by a first priority Lien on Initial Notes Collateral and by Liens on any additional property or assets of the Company or any of its Restricted Subsidiaries (such additional property or assets, “Additional Notes Collateral”), the Notes and Note Guarantees shall be secured by a Lien on such Additional Notes Collateral, provided that the Liens on the Additional Notes Collateral will be junior in priority pursuant to any Intercreditor Agreement to the Liens that secure such First Lien Debt, in accordance with the Collateral Agreements.
Additional Notes Collateral. On or before the Additional Notes Mortgage Closing Date, the Company and the Guarantors will (i) enter into an amendment to each of the Mortgages, substantially in the form as Exhibit E2 hereto, which will incorporate the increase in Indebtedness incurred by the Company and the Guarantors as a result of the issuance of any Additional Notes and secured by such Mortgages and (ii) satisfy and deliver all other Additional Notes Real Estate Closing Deliverables.”