Common use of Additional Security and Collateral Clause in Contracts

Additional Security and Collateral. Promptly (i) execute and deliver and cause each Guarantor to execute and deliver, additional Security Documents, within 30 days after request therefor by the Agent, sufficient to grant to the Agent for the benefit of the Lenders and the Agent liens and security interests in any after acquired property, to the extent required under Section 2.10, (ii) cause each Person becoming a Domestic Subsidiary and which meets the definition of a Guarantor from time to time to execute and deliver to the Lenders and the Agent, within 30 days after such Person becomes a Domestic Subsidiary, a Guaranty, a Security Agreement and a Pledge Agreement, and cause the parent of such Domestic Subsidiary to execute and deliver to the Lenders and the Agent within such period a pledge agreement (if one has not already been executed and delivered), sufficient to grant to the Agent for the benefit of the Lenders and the Agent liens and security interests in all collateral of the type described in Section 2.10; and (iii) cause the parent of each Person becoming a Foreign Subsidiary or Joint Venture from time to time to execute and deliver to the Lenders and the Agent, within 30 days after such Person becomes a Subsidiary or Joint Venture, a Pledge Agreement sufficient to grant to the Agent for the benefit of the Lenders and the Agent liens and security interests in all collateral of the type described in Section 2.10(c). The Company shall notify the Lenders and the Agent, within 10 days after the occurrence thereof, of the acquisition of any property by the Company or any Guarantor that is not subject to the existing Security Documents, any Person becoming a Subsidiary and any other event or condition, other than the passage of time, that may require additional action of any nature in order to create or preserve the effectiveness and perfected status of the liens and security interests of the Lenders and the Agent with respect to such property pursuant to the Security Documents, including without limitation delivering the originals of all promissory notes and other instruments payable to the Company or any Guarantor to the Agent and delivering the originals of all stock certificates or other certificates evidencing any Capital Stock owned by the Company or any Guarantor at any time.

Additional Security and Collateral. Promptly (i) execute and deliver and cause Cause each Guarantor to execute and deliver, additional Security Documents, within 30 days after request therefor by the Agent, sufficient to grant to the Agent for the benefit Domestic Subsidiary which is also a Significant Subsidiary of the Lenders Company and the Agent liens and security interests in any after acquired property, to the extent required under Section 2.10, (ii) cause each Person becoming is not owned by a Domestic Foreign Subsidiary and which meets the definition of a Guarantor from time to time to execute and deliver to the Lenders Banks and the Agent, within 30 days after such Person person becomes a Domestic Significant Subsidiary, a Guaranty, a Security Agreement and a Pledge Agreement, and cause the parent of such Domestic Subsidiary to execute and deliver to the Lenders and the Agent within such period a pledge agreement (if one has not already been executed and delivered), sufficient to grant to the Agent for the benefit of the Lenders and the Agent liens and security interests in all collateral of the type together with other related documents described in Section 2.10; 2.5, and the Company shall pledge (iiior shall cause a Subsidiary to pledge) cause 100% of the parent Capital Stock of each Person such person becoming such a Foreign Significant Subsidiary or Joint Venture from time to time to execute and deliver to the Lenders and the Agent, within 30 days after such Person person becomes a Significant Subsidiary or Joint Venture, a Pledge Agreement sufficient to grant to the Collateral Agent for the equal and ratable benefit of the Banks, the Note Purchasers, the Long-Term Lenders and the Agent liens Senior Trustee on behalf of holders from time to time of Applicable Senior Debt Securities pursuant to the Intercreditor Agreement and security interests in all collateral the Collateral Trust Agreements, as applicable; (ii) on or prior to the Effective Date, pledge or affirm the existing pledge of, as applicable, 100% of the type described general partnership interest in Section 2.10(c)Jabil Circuit Cayman L.P. and 65% of the Capital Stock of each Significant Foreign Subsidiary (other than Jabil Circuit Cayman, L.P.) to the Collateral Agent for the equal and ratable benefit of the Banks, the Note Purchasers, the Long-Term Lenders and the Senior Trustee on behalf of holders from time to time of Applicable Senior Debt Securities pursuant to the Intercreditor Agreement and the Collateral Trust Agreements, as applicable, and (iii) promptly pledge 65% of the Capital Stock of each Foreign Subsidiary formed or acquired after the Effective Date as a direct Subsidiary of the Company (if such Foreign Subsidiary remains a direct Subsidiary of the Company for more than 120 days after the Effective Date or the date of acquisition or formation thereof, whichever is later) to the Collateral Agent for the equal and ratable benefit of the Banks, the Note Purchasers, the Long-Term Lenders and the Senior Trustee on behalf of holders from time to time of Applicable Senior Debt Securities pursuant to the Intercreditor Agreement and the Collateral Trust Agreements, as applicable. The Company Each Borrower shall notify the Lenders Banks and the Agent, within 10 days after the occurrence thereof, of the acquisition Agent of any property by the Company or any Guarantor that is not subject to the existing Security Documents, any Person person's becoming a Subsidiary and any other event or condition, other than in accordance with the passage requirements of time, that may require additional action of any nature Section 5.1(h). Notwithstanding anything in order to create or preserve the effectiveness and perfected status of the liens and security interests of the Lenders and the Agent with respect to such property pursuant this Agreement to the Security Documentscontrary, including without limitation delivering the originals of all promissory notes and other instruments payable no SPC shall be required to the Company become a Guarantor hereunder or any Guarantor to the Agent and delivering the originals of all stock certificates or other certificates evidencing any Capital Stock owned by the Company or any Guarantor at any timeexecute a Guaranty.

Additional Security and Collateral. Promptly (i) execute and deliver and cause Cause each Guarantor to execute and deliver, additional Security Documents, within 30 days after request therefor by the Agent, sufficient to grant to the Agent for the benefit Domestic Subsidiary which is also a Significant Subsidiary of the Lenders Company and the Agent liens and security interests in any after acquired property, to the extent required under Section 2.10, (ii) cause each Person becoming is not owned by a Domestic Foreign Subsidiary and which meets the definition of a Guarantor from time to time to execute and deliver to the Lenders Banks and the Agent, within 30 days after such Person person becomes a Domestic Significant Subsidiary, a Guaranty, a Security Agreement and a Pledge Agreement, and cause the parent of such Domestic Subsidiary to execute and deliver to the Lenders and the Agent within such period a pledge agreement (if one has not already been executed and delivered), sufficient to grant to the Agent for the benefit of the Lenders and the Agent liens and security interests in all collateral of the type together with other related documents described in Section 2.10; 2.5, and the Company shall pledge (iiior shall cause a Subsidiary to pledge) cause 100% of the parent Capital Stock of each Person such person becoming such a Foreign Significant Subsidiary or Joint Venture from time to time to execute and deliver to the Lenders and the Agent, within 30 days after such Person person becomes a Significant Subsidiary or Joint Venture, a Pledge Agreement sufficient to grant to the Collateral Agent for the equal and ratable benefit of the Banks, the Note Purchasers, the Short-Term Lenders and the Agent liens Senior Trustee on behalf of holders from time to time of Applicable Senior Debt Securities pursuant to the Intercreditor Agreement and security interests in all collateral the Collateral Trust Agreements, as applicable; (ii) on or prior to the Effective Date, pledge or affirm the existing pledge of, as applicable, 100% of the type described general partnership interest in Section 2.10(c)Jabil Circuit Cayman L.P. and 65% of the Capital Stock of each Significant Foreign Subsidiary (other than Jabil Circuit Cayman, L.P.) to the Collateral Agent for the equal and ratable benefit of the Banks, the Note Purchasers, the Short-Term Lenders and the Senior Trustee on behalf of holders from time to time of Applicable Senior Debt Securities pursuant to the Intercreditor Agreement and the Collateral Trust Agreements, as applicable, and (iii) promptly pledge 65% of the Capital Stock of each Foreign Subsidiary formed or acquired after the Effective Date as a direct Subsidiary of the Company (if such Foreign Subsidiary remains a direct Subsidiary of the Company for more than 120 days after the Effective Date or the date of acquisition or formation thereof, whichever is later) to the Collateral Agent for the equal and ratable benefit of the Banks, the Note Purchasers, the Short-Term Lenders and the Senior Trustee on behalf of holders from time to time of Applicable Senior Debt Securities pursuant to the Intercreditor Agreement and the Collateral Trust Agreements, as applicable. The Company Each Borrower shall notify the Lenders Banks and the Agent, within 10 days after the occurrence thereof, of the acquisition Agent of any property by the Company or any Guarantor that is not subject to the existing Security Documents, any Person person's becoming a Subsidiary and any other event or condition, other than in accordance with the passage requirements of time, that may require additional action of any nature Section 5.1(h). Notwithstanding anything in order to create or preserve the effectiveness and perfected status of the liens and security interests of the Lenders and the Agent with respect to such property pursuant this Agreement to the Security Documentscontrary, including without limitation delivering the originals of all promissory notes and other instruments payable no SPC shall be required to the Company become a Guarantor hereunder or any Guarantor to the Agent and delivering the originals of all stock certificates or other certificates evidencing any Capital Stock owned by the Company or any Guarantor at any timeexecute a Guaranty.

Additional Security and Collateral. Promptly (i) execute and deliver and cause each Guarantor to execute and deliver, additional Security Documents, within 30 days after request therefor by the Agent, sufficient to grant to the Agent for the benefit of the Lenders and the Agent liens and security interests in any after acquired property, to the extent required under Section 2.10, (ii) cause each Person becoming a Domestic Subsidiary and which meets the definition of a Guarantor from time to time to execute and deliver to the Lenders and the Agent, within 30 days after such Person becomes a Domestic Subsidiary, a Guaranty, a Security Agreement and a Pledge Agreement, and cause the parent of such Domestic Subsidiary to execute and deliver to the Lenders and the Agent within such period a pledge agreement (if one has not already been executed and delivered), sufficient to grant to the Agent for the benefit of the Lenders and the Agent liens and security interests in all collateral of the type described in Section 2.10; and (iii) cause the parent of each Person becoming a Foreign Subsidiary or Joint Venture from time to time to execute and deliver to the Lenders and the Agent, within 30 days after such Person becomes a Subsidiary or Joint Venture, a Pledge Agreement sufficient to grant to the Agent for the benefit of the Lenders and the Agent liens and security interests in all collateral of the type described in Section subsection 2.10(c). The Company shall notify the Lenders and the Agent, within 10 days after the occurrence thereof, of the acquisition of any property by the Company or any Guarantor that is not subject to the existing Security Documents, any Person becoming a Subsidiary and any other event or condition, other than the passage of time, that may require additional action of any nature in order to create or preserve the effectiveness and perfected status of the liens and security interests of the Lenders and the Agent with respect to such property pursuant to the Security Documents, including without limitation delivering the originals of all promissory notes and other instruments payable to the Company or any Guarantor to the Agent and delivering the originals of all stock certificates or other certificates evidencing any Capital Stock owned by the Company or any Guarantor at any time.

Additional Security and Collateral. Promptly (i) execute and deliver and cause Cause each Guarantor to execute and deliver, additional Security Documents, within 30 days after request therefor by the Agent, sufficient to grant to the Agent for the benefit Domestic Subsidiary which is also a Significant Subsidiary of the Lenders Company and the Agent liens and security interests in any after acquired property, to the extent required under Section 2.10, (ii) cause each Person becoming is not owned by a Domestic Foreign Subsidiary and which meets the definition of a Guarantor from time to time to execute and deliver to the Lenders Banks and the Agent, within 30 days after such Person person becomes a Domestic Significant Subsidiary, a Guaranty, a Security Agreement and a Pledge Agreement, and cause the parent of such Domestic Subsidiary to execute and deliver to the Lenders and the Agent within such period a pledge agreement (if one has not already been executed and delivered), sufficient to grant to the Agent for the benefit of the Lenders and the Agent liens and security interests in all collateral of the type together with other related documents described in Section 2.10; 2.5, and the Company shall pledge (iiior shall cause a Subsidiary to pledge) cause 100% of the parent Capital Stock of each Person such person becoming such a Foreign Significant Subsidiary or Joint Venture from time to time to execute and deliver to the Lenders and the Agent, within 30 days after such Person person becomes a Significant Subsidiary or Joint Venture, a Pledge Agreement sufficient to grant to the Collateral Agent for the equal and ratable benefit of the Lenders Banks, the Note Purchasers and the Agent liens Senior Trustee on behalf of holders from time to time of Applicable Senior Debt Securities pursuant to the Intercreditor Agreement; (ii) cause the Significant Foreign Subsidiaries to be formed no later than 90 days after the Effective Date and security interests in all collateral promptly pledge 65% of the type described in Section 2.10(c)Capital Stock of each Significant Foreign Subsidiary to the Collateral Agent for the equal and ratable benefit of the Banks, the Note Purchasers and the Senior Trustee on behalf of holders from time to time of Applicable Senior Debt Securities pursuant to the Intercreditor Agreement, and (iii) promptly pledge 65% of the Capital Stock of each Foreign Subsidiary formed or acquired after the Effective Date as a direct Subsidiary of the Company to the Collateral Agent for the equal and ratable benefit of the Banks, the Note Purchasers and the Senior Trustee on behalf of holders from time to time of Applicable Senior Debt Securities pursuant to the Intercreditor Agreement. The Company Each Borrower shall notify the Lenders Banks and the Agent, within 10 days after the occurrence thereof, of the acquisition of any property by the Company or any Guarantor that is not subject to the existing Security Documents, any Person becoming a Subsidiary and any other event or condition, other than the passage of time, that may require additional action of any nature in order to create or preserve the effectiveness and perfected status of the liens and security interests of the Lenders and the Agent with respect to such property pursuant to the Security Documents, including without limitation delivering the originals of all promissory notes and other instruments payable to the Company or any Guarantor to the Agent and delivering the originals of all stock certificates or other certificates evidencing any Capital Stock owned by the Company or any Guarantor at any time.after