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 collateral of the type described in Section 2.11, and (ii) cause each Person becoming a Significant Domestic Subsidiary of the Company from time to time to execute and deliver to the Lenders and the Agent, within 60 days after such Person becomes a Significant Domestic Subsidiary, a Guaranty and a Security Agreement, together with other related documents described in Section 2.5 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 2.11. The Company shall notify the Lenders and the Agent, within 10 days after the occurrence thereof, of the acquisition of any material property by the Company or any Guarantor that is not subject to the existing Security Documents, any Person becoming a Significant Domestic Subsidiary and any other event or condition, other than the passage of time, 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, including without limitation delivering the originals of all promissory notes and other instruments payable to the Company or any Guarantors to the Agent and delivering the originals of all stock certificates or other certificates evidencing any Capital Stock owned by the Company or any Guarantors at any time.

Additional Security and Collateral. Promptly Subject to the Intercreditor Agreement, promptly (i) execute and deliver and cause each Guarantor to execute and deliver, additional Security Documents, within 30 days after request therefor by the AgentLender, sufficient to grant to the Agent for the benefit of the Lenders and the Agent Lender liens and security interests in any after acquired collateral of the type described in Section 2.112.6, and (ii) to the extent required under Section 2.6, cause each Person becoming a Significant Domestic Subsidiary of the Company from time to time to execute and deliver to the Lenders and the AgentLender, within 60 days after such Person becomes a Significant Domestic Subsidiary, a Guaranty and a Security Agreement, together with other related documents described in Section 2.5 3.1 sufficient to grant to the Agent for the benefit of the Lenders and the Agent Lender liens and security interests in all collateral of the type described in Section 2.112.6. The Company shall notify the Lenders and the AgentLender, within 10 days after the occurrence thereof, of the acquisition of any material property by the Company or any Guarantor that is not subject to the existing Security Documents, any Person becoming a Significant Domestic Subsidiary and any other event or condition, other than the passage of time, 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 Lender with respect to such property pursuant to the Security Documents, including without limitation limitation, so long as all Lender Indebtedness has been indefeasibly paid in full and the Commitments have been terminated, delivering the originals of all promissory notes and other instruments payable to the Company or any Guarantors to the Agent Lender and delivering the originals of all stock certificates or other certificates evidencing any Capital Stock owned by the Company or any Guarantors at any time.

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 collateral of property, to the type described in extent required under Section 2.112.10, and (ii) cause each Person becoming a Significant Domestic Subsidiary and which meets the definition of the Company a Guarantor from time to time to execute and deliver to the Lenders and the Agent, within 60 30 days after such Person becomes a Significant Domestic Subsidiary, a Guaranty and a Security Agreement, together with other related documents described in Section 2.5 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 2.112.10. The Company shall notify the Lenders and the Agent, within 10 days after the occurrence thereof, of the acquisition of any material property by the Company or any Guarantor that is not subject to the existing Security Documents, any Person becoming a Significant Domestic Subsidiary and any other event or condition, other than the passage of time, 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, including without limitation delivering the originals of all promissory notes and other instruments payable to the Company or any Guarantors 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 Guarantors Guarantor at any time.

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 collateral of the type described in Section 2.112.10, and (ii) to the extent required under Section 2.10, cause each Person becoming a Significant Domestic Subsidiary of the Company from time to time to execute and deliver to the Lenders and the Agent, within 60 days after such Person becomes a Significant Domestic Subsidiary, a Guaranty and a Security Agreement, together with other related documents described in Section 2.5 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 2.112.10. The Company shall notify the Lenders and the Agent, within 10 days after the occurrence thereof, of the acquisition of any material property by the Company or any Guarantor that is not subject to the existing Security Documents, any Person becoming a Significant Domestic Subsidiary and any other event or condition, other than the passage of time, 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, including without limitation delivering the originals of all promissory notes and other instruments payable to the Company or any Guarantors to the Agent and delivering the originals of all stock certificates or other certificates evidencing any Capital Stock owned by the Company or any Guarantors at any time.