Common use of Additional Security; Further Assurances Clause in Contracts

Additional Security; Further Assurances. (a) The Borrower will, and will cause its Subsidiaries to, grant to the Collateral Agent security interests and mortgages in material Real Property acquired after the Initial Borrowing Date as may be requested from time to time by the Administrative Agent (collectively, the "Additional Mortgages"). All such security interests and mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and shall constitute valid and enforceable Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 8.03. The Additional Mortgages or instruments related thereto shall have been duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall have been paid in full.

Appears in 2 contracts

Samples: Credit Agreement (National Tobacco Co Lp), Credit Agreement (National Tobacco Co Lp)

AutoNDA by SimpleDocs

Additional Security; Further Assurances. (a) The Borrower Borrowers -39- 46 will, and will cause its Subsidiaries each other Credit Party to, grant to the Collateral Agent security interests and mortgages in material Real Property properties acquired by any of them after the Initial Borrowing Closing Date that are not subject to the Security Documents at the time in effect as may be requested from time to time by the Administrative Agent (collectively, the "Additional Mortgages"). All such security interests and mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and shall constitute valid and enforceable Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 8.037.03. The Additional Mortgages or instruments related thereto shall have been duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall have been paid in full.

Appears in 1 contract

Samples: Resort at Summerlin Inc

Additional Security; Further Assurances. (a) The Borrower will, and will cause its Subsidiaries to, at the expense of the Borrower, grant to the Collateral Agent security interests and mortgages (each an "Additional Mortgage") in material such owned Real Property of the Borrower and its Subsidiaries acquired after the Initial Borrowing Effective Date as may be requested in writing from time to time by the Administrative Agent (collectively, the "Agent. Such Additional Mortgages"). All such security interests and mortgages Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and shall constitute valid and enforceable Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 8.03. The Additional Mortgages or instruments related thereto shall have been duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall have been paid in full.

Appears in 1 contract

Samples: Credit Agreement (Peebles Inc)

Additional Security; Further Assurances. (a) The Borrower will, and will cause each of its Subsidiaries to, grant to the Collateral Agent security interests and mortgages (each an "Additional Mortgage") in material such owned Real Property of the Borrower and its Subsidiaries acquired after the Initial Borrowing Effective Date as may be requested from time to time by the Administrative Agent (collectively, the "Agent. Such Additional Mortgages"). All such security interests and mortgages Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and shall constitute valid and enforceable Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 8.03. The Additional Mortgages or instruments related thereto shall have been be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall have been paid in fullfull by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Universal Hospital Services Inc)

Additional Security; Further Assurances. (a) The Borrower will, and will cause its Domestic Subsidiaries to, grant to the Collateral Agent security interests and mortgages (each, an "Additional Mortgage") in material such owned Real Property acquired after of the Initial Borrowing Borrower and its Subsidiaries that is not owned or subject to a Mortgage on the Restatement Effective Date as may be requested from time to time by the Administrative Agent (collectively, the "Additional Mortgages")Agent. All such security interests and mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and shall constitute valid and enforceable Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 8.03. The Additional Mortgages or instruments related thereto shall have been duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall have been paid in full.

Appears in 1 contract

Samples: Pledge Agreement (Hosiery Corp of America Inc)

AutoNDA by SimpleDocs

Additional Security; Further Assurances. (a) The Borrower will, and will cause each of its Subsidiaries to, at the request of the Administrative Agent, grant to the Collateral Agent security interests and mortgages (each an "Additional Mortgage") in material such owned Real Property of the Borrower and its Subsidiaries with a fair market value equal to or higher than $1,500,000 acquired after the Initial Borrowing Date as may be requested from time to time by the Administrative Agent (collectively, the "Effective Date. Such Additional Mortgages"). All such security interests and mortgages Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and shall constitute valid and enforceable Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 8.03. The Additional Mortgages or instruments related thereto shall have been be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall have been paid in fullfull by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Penhall Co)

Additional Security; Further Assurances. (a) The Borrower --------------------------------------- will, and will cause its Subsidiaries Domestic Subsidiaries, if any, to, grant to the Collateral Agent security interests and mortgages (each, an "Additional Mortgage") in material such owned Real Property acquired after of the Initial Borrowing Date Borrower and its Subsidiaries as may be requested from time to time by the Administrative Agent (collectively, the "Additional Mortgages")Agent. All such security interests and mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and shall constitute valid and enforceable Liens superior to and prior to the rights of all third Persons and subject to no other Liens except as are permitted by Section 8.03. The Additional Mortgages or instruments related thereto shall have been duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Mortgages and all taxes, fees and other charges payable in connection therewith shall have been paid in full.

Appears in 1 contract

Samples: Credit Agreement (Unilab Corp /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.