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.