Common use of Additional Security; Additional Guarantors; Further Assurances Clause in Contracts

Additional Security; Additional Guarantors; Further Assurances. (a) Holdings will, and will cause each other Credit Party to, at any time and from time to time, at the expense of the Borrower or such other Credit Party, promptly execute and deliver all further instruments and documents, and take all further action, that may be reasonably necessary, or that the Administrative Agent and/or the Required Term Lenders may reasonably require, to perfect and protect any Lien granted or purported to be granted under the Security Documents, or to enable the Collateral Agent to exercise and enforce its rights and remedies with respect to any Collateral. Without limiting the generality of the foregoing, each Credit Party will execute and file, or cause to be filed, such financing or continuation statements under the UCC (or any non-U.S. equivalent thereto), or amendments thereto, such amendments or supplements to the Vessel Mortgages (including any amendments required to maintain Liens granted by such Vessel Mortgages), and such other instruments or notices, as may be reasonably necessary, or that the Administrative Agent and/or the Required Term Lenders may reasonably require, to protect and preserve the Liens granted or purported to be granted hereby and by the other Credit Documents.

Additional Security; Additional Guarantors; Further Assurances. (a) Holdings The Borrower will, and will cause each other Credit Party of its Restricted Subsidiaries to, at any time and from time to time, (x) at the expense of the Borrower or such other Credit PartyRestricted Subsidiary, promptly execute and deliver all further instruments and documents, and take all further action, that may be reasonably necessary, or that the Administrative Agent and/or the Required Term Lenders may reasonably require, to perfect perfect, preserve, protect and protect maintain any Lien granted or purported to be granted under hereby or by the Security other Credit Documents, or to enable the Collateral Agent to exercise and enforce its rights and remedies with respect to any CollateralCollateral and (y) keep on board the Collateral Rig each such document or record as may be required by law and cause such particulars relating to the relevant Collateral Rig Mortgage to be recorded as may be required by law. Without limiting the generality of the foregoing, each Credit Party the Borrower will execute and file, or cause to be filed, such financing or continuation statements under the UCC (or any non-U.S. equivalent thereto), or amendments thereto, such amendments or supplements to the Vessel Mortgages (including any amendments required to maintain Liens granted by such Vessel Mortgages)Collateral Rig Mortgage, and such other instruments or notices, as may be reasonably necessary, or that the Administrative Agent and/or the Required Term Lenders may reasonably require, to perfect, preserve, protect and preserve maintain the Liens granted or purported to be granted hereby and by the other Credit Documents.

Additional Security; Additional Guarantors; Further Assurances. (a) Holdings The Parent will, and will cause each other Credit Party of its Subsidiaries to, at any time and from time to time, (x) at the expense of the Borrower Parent or such other Credit PartySubsidiary, promptly execute and deliver all further instruments and documents, and take all further action, that may be reasonably necessary, or that the Administrative Agent and/or the Required Term Lenders may reasonably require, to perfect and protect any Lien granted or purported to be granted under hereby or by the Security other Credit Documents, or to enable the Collateral Agent to exercise and enforce its rights and remedies with respect to any CollateralCollateral and (y) at the time of the Reorganization or any portion thereof, at the expense of the Parent or any other Subsidiary, promptly execute any further documents, agreements and instruments, file any further financing statements, and take any further actions that may be required under applicable law, which the Collateral Agent may reasonably request, in order to comply with the Collateral and Guaranty Requirements and preserve, protect and maintain the security interests created or intended to be created by the Security Documents. Without limiting the generality of the foregoing, each Credit Party the Parent will execute and file, or cause to be filed, such financing or continuation statements under the UCC (or any non-U.S. equivalent thereto), or amendments thereto, such amendments or supplements to the Vessel Mortgages (including any amendments required to maintain Liens granted by such Vessel Mortgages)Collateral Rig Mortgage, and such other instruments or notices, as may be reasonably necessary, or that the Administrative Agent and/or the Required Term Lenders may reasonably require, to protect and preserve the Liens granted or purported to be granted hereby and by the other Credit Documents.

Additional Security; Additional Guarantors; Further Assurances. (a) Holdings The Borrower will, and will cause each other Credit Party of its Restricted Subsidiaries to, at any time and from time to time, (x) at the expense of the Borrower or such other Credit PartyRestricted Subsidiary, promptly execute and deliver all further instruments and documents, and take all further action, that may be reasonably necessary, or that the Administrative Agent and/or the Required Term Lenders may reasonably require, to perfect perfect, preserve, protect and protect maintain any Lien granted or purported to be granted under hereby or by the Security other Credit Documents, or to enable the Pari Passu Collateral Agent to exercise and enforce its rights and remedies with respect to any CollateralCollateral and (y) keep on board the Collateral Rig each such document or record as may be required by law and cause such particulars relating to the relevant Collateral Rig Mortgage to be recorded as may be required by law. Without limiting the generality of the foregoing, each Credit Party the Borrower will execute and file, or cause to be filed, such financing or continuation statements under the UCC (or any non-U.S. equivalent thereto), or amendments thereto, such amendments or supplements to the Vessel Mortgages (including any amendments required to maintain Liens granted by such Vessel Mortgages)Collateral Rig Mortgage, and such other instruments or notices, as may be reasonably necessary, or that the Administrative Agent and/or the Required Term Lenders may reasonably require, to perfect, preserve, protect and preserve maintain the Liens granted or purported to be granted hereby and by the other Credit Documents.

Additional Security; Additional Guarantors; Further Assurances. (a) Holdings will, and will cause each other Credit Party to, at any time and from time to time, at the expense of the Borrower or such other Credit Party, promptly execute and deliver all further instruments and documents, and take all further action, that may be reasonably necessary, or that the Administrative Agent and/or the Required Term Lenders may reasonably require, to perfect and protect any Lien granted or purported to be granted under the Security Documents, or to enable the Collateral Agent to exercise and enforce its rights and remedies with respect to any Collateral. Without limiting the generality of the foregoing, each Credit Party will execute and file, or cause to be filed, such financing or continuation statements under the UCC (or any non-U.S. equivalent thereto), or amendments thereto, such amendments or supplements to the Vessel Mortgages (including any amendments required to maintain Liens granted by such Vessel Mortgages), and such other instruments or notices, as may be reasonably necessary, or that the Administrative Agent and/or the Required Term Lenders may reasonably require, to protect and preserve the Liens granted or purported to be granted hereby and by the other Credit Documents.