Common use of Additional Security and Collateral Clause in Contracts

Additional Security and Collateral. Promptly (i) execute and deliver and cause each Subsidiary of any Loan Party to execute and deliver, additional Security Documents after the request therefor by Lender, sufficient to grant to Lender liens and security interests in any after-acquired property of the type described in Section 2.10, and (ii) cause each Person becoming a Domestic Subsidiary of any Loan Party from time to time to execute and deliver to the Lender, promptly after such Person becomes a Domestic Subsidiary, a Guaranty and Security Documents, together with such organizational documents, resolutions, legal opinions and other documents requested by Lender, sufficient to grant to Lender the liens and security interests in all Loan Collateral. Parent and Borrowers shall promptly notify Lender of the acquisition of any property by any Loan Party that is not subject to the existing Security Documents, any Person's becoming a Domestic 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 Lender with respect to all Loan Collateral. In addition, upon closing of the UEC Acquisition, Parent shall cause UEC to immediately execute and deliver the UEC Joinder Agreement to the Lender along with all other Loan Documents, organizational documents, resolutions, legal opinions and other documents required to be delivered by a Borrower pursuant to this Agreement.

Additional Security and Collateral. Promptly (i) execute and deliver and cause each Subsidiary of any Loan Party to execute and deliver, additional Security Documents after the request therefor by Lender, sufficient to grant to Lender liens and security interests in any after-after acquired property of the type described in Section 2.10, and (ii) cause each Person becoming a Domestic Subsidiary of any Loan Party from time to time to execute and deliver to the Lender, promptly after such Person becomes a Domestic Subsidiary, a Guaranty and Security Documents, together with such organizational documents, resolutions, legal opinions and other documents requested by the Lender, sufficient to grant to the Lender the liens and security interests in all Loan Collateral. The Parent and Borrowers the Borrower shall promptly notify the Lender of the acquisition of any property by any Loan Party that is not subject to the existing Security Documents, any Person's becoming a Domestic 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 Lender with respect to all Loan Collateral. In addition, upon closing of the UEC Acquisition, Parent shall cause UEC to immediately execute and deliver the UEC Joinder Agreement to the Lender along with all other Loan Documents, organizational documents, resolutions, legal opinions and other documents required to be delivered by a Borrower pursuant to this Agreement.