Common use of Additional Security Interests Clause in Contracts

Additional Security Interests. Seller agrees that if any Inactive Organization begins to conduct any business Seller shall pledge all of its interest in such Inactive Organization to secure the Notes by (i) executing a security agreement substantially in the form of that certain Borrower Security Agreement dated as of June 5, 1997, as amended on October 10, 1997, and on the date hereof and (ii) delivering all certificates representing the shares of stock being pledged, before such Inactive Organization commences doing business.

Additional Security Interests. Seller agrees that if any Inactive Organization begins to conduct any business Seller shall pledge all of its interest in such Inactive Organization to secure the Notes by (i) executing a security agreement substantially in the form of that certain Borrower Security Agreement Agreement, dated as of June 5, 1997, as amended on October 10, 1997, and on the even date hereof herewith and (ii) delivering all certificates representing the shares of stock being pledged, before such Inactive Organization commences doing business.