Common use of Collateral Identification, Special Collateral Clause in Contracts

Collateral Identification, Special Collateral. (a) in the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof, it shall promptly notify the Collateral Trustee thereof in writing and take such actions and execute such documents and make such filings all at Grantor’s expense as necessary (or as the Collateral Trustee may reasonably request) in order to ensure that the Collateral Trustee has a valid, perfected, second priority security interest in such Collateral, subject in the case of priority only, to any Permitted Liens. Notwithstanding the foregoing, no Grantor shall be required to notify the Collateral Trustee or take any such action unless such Collateral is of a material value or is material to such Grantor’s business; and

Collateral Identification, Special Collateral. (a) in the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof, it shall promptly notify the Collateral Trustee thereof in writing and take such actions and and, subject to Section 4.3, execute such documents and make such filings all at Grantor’s expense as necessary (or as the Collateral Trustee may reasonably request) request in order to ensure that the Collateral Trustee has a valid, perfected, second first priority security interest in such Collateral, subject in the case of priority only, to any Priority Liens and Permitted Prior Liens. Notwithstanding the foregoing, no Grantor shall be required to notify the Collateral Trustee or take any such action unless such Collateral is of a material value or is material to such Grantor’s business; and.

Collateral Identification, Special Collateral. (a) in In the event that it such Grantor hereafter acquires any Collateral of a type described in Section 5.2(b) hereof), it shall promptly notify the Collateral Trustee Administrative Agent thereof in writing and and, subject to Section 6.4(b), take such actions and execute such documents and make such filings filings, all at Grantor’s expense as necessary (or expense, as the Collateral Trustee Administrative Agent may reasonably request) request in order to ensure that the Collateral Trustee Administrative Agent has a valid, perfected, second first priority security interest in such Collateral, subject subject, in the case of priority only, to any Permitted Liens. Notwithstanding the foregoing, no Grantor shall be required to notify the Collateral Trustee Administrative Agent or take any such action unless such Collateral is of a material value or is material to such Grantor’s business; and.

Collateral Identification, Special Collateral. (a) in the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof, it shall promptly notify the Collateral Trustee thereof in writing and take such actions and and, subject to Section 4.3, execute such documents and make such filings all at Grantor’s expense as necessary (or as the Collateral Trustee may reasonably request) request in order to ensure that the Collateral Trustee has a valid, perfected, second first priority security interest in such Collateral, subject in the case of priority only, to any Permitted Prior Liens. Notwithstanding the foregoing, no Grantor shall be required to notify the Collateral Trustee or take any such action unless such Collateral is of a material value or is material to such Grantor’s business; and.

Collateral Identification, Special Collateral. (a) in In the event that it hereafter acquires any Collateral of a type described in Section 5.2(b5.2(a) hereof, it shall promptly notify the Collateral Trustee Agent thereof in writing and take such actions and execute such documents and make such filings filings, all at Grantorthe Borrower’s expense as necessary (or expense, as the Collateral Trustee Agent may reasonably request) request in order to ensure that the Collateral Trustee Agent has a valid, perfected, second first-priority security interest in such Collateral, subject in the case of priority only, to any Permitted Liens. Notwithstanding the foregoing, no Grantor the Borrower shall not be required to notify the Collateral Trustee Agent or take any such action unless such Collateral is of a material value or is otherwise material to such Grantorthe Borrower’s business; and

Collateral Identification, Special Collateral. (ae) in the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof, it shall promptly notify the Collateral Trustee Administrative Agent thereof in writing and take such actions and execute such documents and make such filings all at Grantor’s expense as necessary (or as the Collateral Trustee Administrative Agent at the direction of the Required Lenders may reasonably request) request in order to ensure that the Collateral Trustee Administrative Agent has a valid, perfected, second first priority security interest in such Collateral, subject in the case of priority only, to any Permitted Liens. Notwithstanding the foregoing, no Grantor shall be required to notify the Collateral Trustee Administrative Agent or take any such action unless such Collateral is of a material value or is material to such Grantor’s business; and.

Collateral Identification, Special Collateral. (a) in In the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof, it shall promptly notify the there Collateral Trustee thereof in writing and take such actions and execute such documents and make such filings all at Grantor’s expense as necessary (or as the Collateral Trustee may reasonably request) request in order to ensure that the Collateral Trustee has a valid, perfected, second first priority security interest in such Collateral, subject in the case of priority only, to any Permitted Liens. Notwithstanding the foregoing, no Grantor shall be required to notify the Collateral Trustee or take any such action unless such Collateral is of a material value or is material to such Grantor’s business; and.

Collateral Identification, Special Collateral. (a) in the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof, it shall promptly notify the Collateral Trustee thereof in writing and take such actions and execute such documents and make such filings all at Grantor’s expense as necessary (or as the Collateral Trustee may reasonably request) in order to ensure that the Collateral Trustee has a valid, perfected, second first priority security interest in such Collateral, subject in the case of priority only, to any Permitted Liens. Notwithstanding the foregoing, no Grantor shall be required to notify the Collateral Trustee or take any such action unless such Collateral is of a material value or is material to such Grantor’s business; and

Collateral Identification, Special Collateral. (a) in In the event that it such Grantor hereafter acquires any Collateral of a type described in Section 5.2(b) hereof), it shall promptly notify the Collateral Trustee thereof in writing and, subject to the terms of the Intercreditor Agreement and Collateral Trust Agreement, take such actions and execute such documents and make such filings filings, all at Grantor’s expense expense, as are necessary (or as that the Collateral Trustee may reasonably request) request in order to ensure that the Collateral Trustee has a valid, perfected, second priority Second Priority security interest in such Collateral, subject in the case of priority only, to any Permitted Liens. Notwithstanding the foregoing, no Grantor shall be required to notify the Collateral Trustee or take any such action unless such Collateral is of a material value or is material to such Grantor’s business; and.