Additional Security and Collateral. Subject to the Intercreditor Agreement, each Borrower shall promptly (i) execute and deliver and cause each Guarantor to execute and deliver, additional Security Documents, within 30 days after request therefor by the Lender, sufficient to grant to the Lender liens and security interests in any after acquired Collateral of the type described in Section 2.6, and (ii) to the extent required under Section 2.6, cause each Person becoming a Domestic Restricted Subsidiary of the Company from time to time to execute and deliver to the Lender, within 60 days after such Person becomes a Domestic Restricted Subsidiary, a Guaranty and a Security Agreement, together with other related documents described in Section 3.1 sufficient to grant to the Lender liens and security interests in all Collateral of the type described in Section 2.
Appears in 1 contract
Sources: Secured Term Loan Agreement (MSX International Inc)
Additional Security and Collateral. Subject to the Intercreditor Agreement, each Borrower shall promptly Promptly (i) execute and deliver and cause each Guarantor to execute and deliver, additional Security Documents, within 30 days after request therefor by the LenderAgent, sufficient to grant to the Lender Agent for the benefit of the Lenders and the Agent liens and security interests in any after acquired Collateral collateral of the type described in Section 2.62.11, and (ii) to the extent required under Section 2.6, cause each Person becoming a Significant Domestic Restricted Subsidiary of the Company from time to time to execute and deliver to the LenderLenders and the Agent, within 60 days after such Person becomes a Significant Domestic Restricted Subsidiary, a Guaranty and a Security Agreement, together with other related documents described in Section 3.1 2.5 sufficient to grant to the Lender Agent for the benefit of the Lenders and the Agent liens and security interests in all Collateral collateral of the type described in Section 2.Section
Appears in 1 contract
Sources: Credit Agreement (MSX International Business Services Inc)