Further Collateral Clause Samples

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Further Collateral. Without derogating from clause 10.1.3 below, the Lender consents to the provision by the Borrower of further Collateral (to be pledged in accordance with the Security Documents) in the form of additional FCR Shares (other than the Pledged FCR Shares) and/or convertible debentures of FCR (to the extent such debentures are listed at the TSX and so long as the price for such debentures is generally quoted on each trading day (“the FCR Eligible Debentures”)), for the sole purpose of avoiding an Event of Default under clause 17.13 below.
Further Collateral. As further security for the prompt satisfaction of all Obligations of Borrower, Borrower hereby assigns, transfers and sets over to Agent on behalf of the Bank all of its right, title and interest in and to, and grants to Agent on behalf of the Banks a lien on and security interest in, all of its right, title and interest in and to the following, wherever located, whether now owned or hereafter acquired or arising, together with all replacements therefor, proceeds, including insurance proceeds, thereof and products thereof: (A) Accounts; (B) Inventory; (C) Equipment; (D) rights as seller of goods and rights to returned, rejected or repossessed goods; (E) General Intangibles, including those described on Schedule 4; (F) all Stock of any Subsidiary of Borrower, whether now existing or hereafter formed or acquired, other than any foreign Subsidiary of Borrower; (G) as to any foreign Subsidiary of Borrower (whether now existing or hereafter formed or acquired), the maximum percentage of the Stock of such Subsidiary which may be pledged from time to time without causing Borrower to be subject to U.S. income tax on the earnings and profits of such Subsidiary; provided; however, that in the case of Avemarau, Borrower shall pledge 49% of the Stock thereof to the Agent until December 31, 2001 and thereafter, the maximum percentage of the Stock thereof which may be pledged from time to time without causing Borrower to be subject to U.S. income tax on the earnings and profits of Avemarau; and (H) all books and records pertaining to any of the foregoing. In addition and as further security, Borrower will execute and deliver to Agent on behalf of the Banks security agreements and such other documents, including financing statements, in connection herewith as shall be required by Agent.
Further Collateral. 35 4.04 First Liens. 37 4.05 Representatives and Warranties Regarding Collateral. 37 4.06 Special Collateral. 38 4.07 Contracts with U.S. Government. 38 4.08 Contracts Regarding Collateral. 38 4.09 Insurance. 40 4.10 Actions by Agent. 41 4.11 Subsidiary Collateral. 41 4.12 Survival. 41 4.13 Supplemental Documentation. 41 ARTICLE V. REPRESENTATIONS AND WARRANTIES 41
Further Collateral. The Borrower and CREP hereby assign, transfer, and set over to the Bank to secure the payment of the Loan and the performance of the Borrower's obligations under this Agreement all of the Borrower's right, title, and interest in and to, and grants the Bank a Lien on and a security interest in, all amounts that might be owing from time to time by the Bank to the Borrower or CREP, including, without limitation, any balance or share belonging to it and any deposit or other account with the Bank, which Lien and security interest shall be independent of any right of setoff that the Bank may have.
Further Collateral. Debtor shall be obligated, on demand, to furnish such further collateral or to make such payments on account of Debtor’s liabilities under this Security Agreement as Lender shall request. Lender will hold such further collateral as a part of the security for the obligations secured by this instrument, and Debtor shall remain liable for the amount of the guaranteed obligations, and the interest on the same and costs and expenses. This instrument has been executed at the place and on the date first above mentioned. LENDER:
Further Collateral. As further security for the prompt satisfaction of all Obligations of Borrower, Borrower hereby assigns, transfers and sets over to Agent on behalf of the Banks all of its right, title and interest in and to, and grants to Agent on behalf of the Banks a lien on and security interest in, all of its right, title and interest in and to the following, wherever located, whether now owned or hereafter acquired or arising, together with all replacements therefor, proceeds, including insurance proceeds, thereof and products thereof: