Common use of Collateral Call Clause in Contracts

Collateral Call. Borrower agrees that it will, and will cause any other Person owning any interest in Borrower or any Borrower Subsidiary from time to time to immediately pledge such interest to secure the Obligations, pursuant to a pledge agreement substantially in the form of the Pledge Agreements. Borrower agrees to, and agrees to cause Borrower's Subsidiaries to, promptly grant the Administrative Agent and the Lenders from time to time at the request of the Lenders a Lien on any of the Property of Borrower or any Borrower Subsidiary not already constituting Collateral. In that regard, Borrower shall, and shall cause its

Appears in 3 contracts

Sources: Credit Agreement (Northland Cable Properties Six LTD Partnership), Credit Agreement (Northland Cable Properties Six LTD Partnership), Credit Agreement (Northland Cable Television Inc)