Common use of After Acquired Property and Further Assurances Clause in Contracts

After Acquired Property and Further Assurances. (a) Subject to Section 5.03(b) below, the Borrower and each other Loan Party shall, within twenty (20) days of acquiring Property for which the Lenders do not have a perfected security interest, execute and deliver to the Agent for the benefit of the Lenders, all such supplements or amendments to the Security Documents and all such other documents as the Agent deems necessary or advisable, including further registrations, in each case, to provide the Lenders with a perfected security interest in any such Property, subject only to Permitted Encumbrances.

After Acquired Property and Further Assurances. (a) Subject to Section 5.03(b) below, the Borrower and each other Loan Party shall, within twenty sixty (2060) days of acquiring Property for consideration exceeding $1,000,000 and for which the Lenders do not have a perfected security interest, execute and deliver to the Agent for the benefit of the Lenders, all such supplements or amendments to the Security Documents and all such other documents as the Agent deems necessary or advisable, including further registrations, in each case, to provide the Lenders with a perfected security interest in any such Property, subject only to Permitted Encumbrances.