Collateral Security Documents Sample Clauses

Collateral Security Documents. Borrowers shall have delivered or shall have caused to be delivered to the Bank the Surety Agreement and such other collateral security documents as shall be required by the Bank. Financing statements describing the Collateral shall have been filed or readied for filing in each jurisdiction and in each office as shall have been required by the Bank.

Collateral Security Documents. (a) Upon execution and delivery thereof, the Collateral Security Documents will be effective to create, in favor of the Agent, legal, valid and enforceable liens on and security interests in all right, title, estate and interest of the Borrower or the General Partner, as the case may be, in and to all items of Collateral (other than those items of Collateral which, individually or in the aggregate, are not material) and (i) all necessary and appropriate recordings and filings will have been duly effected in all appropriate public offices and (ii) any cash or other amounts then required to be deposited pursuant to the Security Deposit Agreement will have been so deposited so that the liens and security interests created by the Collateral Security Documents will constitute perfected first liens (other than as to the Permitted Liens) on, and prior (other than as to the Permitted Liens) perfected security interests in, all right, title, estate and interest of the Borrower or the General Partner, as the case may be, in and to all items of Collateral (other than those items of Collateral which, individually or in the aggregate, are not material) described therein (other than any item of Collateral as to which a security interest cannot be perfected by filing, recording or registering) prior and superior to all other Liens, existing or future, except Permitted Liens. The recordings and filings shown on Schedule 3 and the registration on the books of the General Partner of the pledge effected by the Assignment and Security Agreement and the continuous possession by the Security Agent of the cash required to be deposited pursuant to the Security Deposit Agreement are all the recordings, filings and other action (other than the periodic filing of continuation statements) necessary and appropriate in order to establish, protect and perfect the Agent's lien on and security interest in the right, title, estate and interest of the Borrower or the General Partner, as the case may be, in and to all items of Collateral (other than those items of Collateral which, individually or in the aggregate, are not material). (b) As and when cash, cash equivalents, instruments, certificates and other securities (the "Security Deposit Collateral") are transferred in accordance with Applicable Law to, and held in the name of, the Security Agent in the accounts referred to in the Security Deposit Agreement, a fully perfected security interest in all right, title and interest of the Borr...

Collateral Security Documents. 21 5.6 Insurance .............................................................. 22 5.7

Collateral Security Documents. Notwithstanding any contrary reference in the Collateral Security Documents, Borrower hereby acknowledges, agrees and states to the Bank that the Collateral Security Documents, as amended, secure the obligations of Borrower pursuant to the Loan Documents.

Collateral Security Documents. 42 6.17. Principal Place of Business, etc.....................42 6.18. Representations and Warranties Incorporated from Purchase Agreement...................................43

Collateral Security Documents. 3 Commission...................................................................3

Collateral Security Documents. To secure repayment of the Obligations, the performance of all of Borrower's obligations to Agent and the Banks with respect thereto, Borrower shall execute and deliver, or cause to be executed and delivered, to Agent, for the ratable benefit of the Banks, the Security Documents which shall create a perfected, first priority, Lien and security interest in the Collateral, subject to the exceptions noted in the Security Documents or in SCHEDULE 4.5, specifically excluding that portion of the Property identified on SCHEDULE 3.2(e)[1], BUT INCLUDING ANY PROPERTY OF THE COMPANIES ACQUIRED BY THE COMPANIES OR DISCOVERED BY THE AGENT AFTER THE DATE HEREOF. Upon termination of the pledge of the capital stock and assets of Southco to Southco, Inc., Borrower shall immediately (i) pledge such stock, and (ii) cause Southco to pledge such Assets, each to Agent for the ratable benefit of the Banks to secure the Loans pursuant to pledge instruments satisfactory to Agent, using instruments which are substantially similar to the Security Documents executed on the Closing Date. Additionally, on the Closing Date, Borrower shall obtain from L & J Lewi▇ ▇▇▇perties, LLC, a Texas limited liability company ("L & J"), and deliver to Agent an agreement confirming that upon the acquisition of those certain Properties described on SCHEDULE 3.2(e)[2] (the "L & J Properties") by L& J, if such properties are leased or subleased to any Company, L & J will immediately enter into such memoranda of lease, landlord lien subordination documents and consents to the granting of leasehold deeds of trust by such Company as Agent shall reasonably require. Further, upon such lease or sublease to a Company, Borrower will cause such Company to execute and deliver to Agent a Deed of Trust creating a first and prior lien in favor of Agent for the benefit of the Banks on the L & J Properties, said Deed of Trust to be in substantially the same form as those executed by the Companies on the Closing Date covering leasehold(s) located in Texas.

Collateral Security Documents. The Administrative Agent shall have received (i) a first priority charge over shares under the laws of the Cayman Islands in favor of the Administrative Agent with respect to the pledge of shares of New Cayco held by the Borrower to secure the Obligations (the “New Cayco Pledge”), (ii) a first priority charge over shares under the laws of the Cayman Islands in favor of the Administrative Agent with respect to the pledge of shares of Seagate Technology International held by New Cayco to secure the Obligations, in form and substance reasonably satisfactory to the Administrative Agent (it being understood that a charge over shares in the form of Exhibit D-2 to the Credit Agreement shall be deemed to be in a form satisfactory to the Administrative Agent) and (iii) a first priority deed of charge under the laws of the Cayman Islands in favor of the Administrative Agent, executed and delivered by New Cayco, in form and substance reasonably satisfactory to the Administrative Agent (it being understood that a deed of charge in the form of Exhibit C-2 to the Credit Agreement shall be deemed to be in a form satisfactory to the Administrative Agent).

Collateral Security Documents. The Collateral Security Documents are or when executed will be effective to create, in favor of the Secured Parties, legal, valid, enforceable and perfected and first priority Liens (subject to Permitted Liens) on and security interests in all of the Collateral. The descriptions of the Collateral set forth in the Collateral Security Documents are true, complete and correct in all material respects and are adequate for the purpose of establishing, preserving, protecting and perfecting the interests, rights and first priorities intended to be created by the Collateral Security Documents. All necessary and appropriate recordings, filings and registrations have been or will be duly effected in all appropriate public offices and stock and partnership registers so that on or immediately following the Closing Date each of the Collateral Security Documents constitutes or will constitute a perfected first Lien on and prior perfected first security interest in all right, title, estate and interest of the owner thereof in and to the Collateral (subject only to Permitted Liens). The recordings, filings and other actions shown on Schedule 3.4 are all the recordings, filings and other actions necessary and appropriate in order to establish, protect and perfect the Agent's lien on and security interest in the right, title, estate and interest of the owner thereof in and to the Collateral for the ratable benefit of the Secured Parties.