Common use of Additional Security and Collateral Clause in Contracts

Additional Security and Collateral. Promptly (i) execute and deliver and cause each Subsidiary of the Company and the Guarantors to execute and deliver, additional Security Documents, within 30 days after request therefor by the Lenders and the Agent, sufficient to grant to the Agent for the benefit of the Lenders liens and security interests in any after acquired property of the type described in Section 2.11, and (ii) cause each person becoming a Subsidiary of the Company or any Guarantor from time to time to execute and deliver to the Lenders and the Agent, within 30 days after such person becomes a Subsidiary, a Guaranty (or become a party hereto as a Guarantor as required by the Agent) and Security Documents, together with other related documents described in Section 2.5, sufficient to grant to the Agent for the benefit of the Lenders liens and security interests in all collateral of the type described in Section 2.11. The Company shall notify the Lenders and the Agent, within 10 days after the occurrence thereof, of the acquisition of any property that is covered by Section 2.11 by the Company or any Guarantor that is not subject to the existing Security Documents, any person's becoming a Subsidiary and any other event or condition that may require additional action of any nature in order to 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.

Additional Security and Collateral. Promptly (i) execute and deliver and cause each Restricted Subsidiary of the Company and the Guarantors to execute and deliver, additional Security Documents, within 30 days after request therefor by the Lenders Banks and the Agent, sufficient to grant to the Agent for the benefit of the Lenders Banks liens and security interests in any after acquired property of the type described in Section 2.11, and (ii) cause each person Person becoming a Restricted Subsidiary of the Company or any 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 Restricted Subsidiary, a Guaranty (or become a party hereto as a Guarantor as required by the Agent) and Security Documents, together with other related documents described in Section 2.5, sufficient to grant to the Agent for the benefit of the Lenders Banks liens and security interests in all collateral of the type described in Section 2.11. The Company shall notify the Lenders Banks and the Agent, within 10 days Business Days after the occurrence thereof, of the acquisition of any property that is covered by Section 2.11 by the Company or any Guarantor that is not subject to the existing Security Documents, any personPerson's becoming a Restricted Subsidiary and any other event or condition that may require additional action of any nature in order to preserve the effectiveness and perfected status of the liens and security interests of the Lenders Banks and the Agent with respect to such property pursuant to the Security Documents.

Additional Security and Collateral. Promptly (i) execute and deliver and cause each Subsidiary of the Company and the Guarantors to execute and deliver, additional Security Documents, within 30 days after request therefor by the Lenders and the Required Banks or any Agent, sufficient to grant to the Collateral Agent for the benefit of the Lenders Banks liens and security interests in any after acquired property of the type described in Section 2.11, and (ii) cause each person becoming a Subsidiary of the Company or any Guarantor from time to time to execute and deliver to the Lenders Banks and the AgentAgents, within 30 days after such person becomes a Subsidiary, a Guaranty (or become a party hereto as a Guarantor as required by the Agent) and Security Documents, together with other related documents described in Section 2.5, sufficient to grant to the Collateral Agent for the benefit of the Lenders Banks liens and security interests in all collateral of the type described in Section 2.11. The Company shall notify the Lenders Banks and the AgentAgents, within 10 days after the occurrence thereof, of the acquisition of any property that is covered by Section 2.11 by the Company or any Guarantor that is not subject to the existing Security Documents, any person's becoming a Subsidiary and any other event or condition that may require additional action of any nature in order to preserve the effectiveness and perfected status of the liens and security interests of the Lenders and Collateral Agent for the Agent benefit of the Banks with respect to such property pursuant to the Security Documents.

Additional Security and Collateral. Promptly (i) execute and deliver and cause each Restricted Subsidiary of the Company and the Guarantors to execute and deliver, additional Security Documents, within 30 days after request therefor by the Lenders Banks and the Agent, sufficient to grant to the Agent for the benefit of the Lenders Banks liens and security interests in any after acquired property of the type described in Section 2.11, and (ii) cause each person Person becoming a Restricted Subsidiary of the Company or any 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 Restricted Subsidiary, a Guaranty (or become a party hereto as a Guarantor as required by the Agent) and Security Documents, together with other related documents described in Section 2.5, sufficient to grant to the Agent for the benefit of the Lenders Banks liens and security interests in all collateral of the type described in Section 2.11. The Company shall notify the Lenders Banks and the Agent, within 10 days Business Days after the occurrence thereof, of the acquisition of any property that is covered by Section 2.11 by the Company or any Guarantor that is not subject to the existing Security Documents, any person's Person’s becoming a Restricted Subsidiary and any other event or condition that may require additional action of any nature in order to preserve the effectiveness and perfected status of the liens and security interests of the Lenders Banks and the Agent with respect to such property pursuant to the Security Documents.