Common use of Future Liens Clause in Contracts

Future Liens. Other than as permitted in Section 6.6, promptly upon the designation, formation, or Acquisition of any new Restricted Subsidiary of any Company (each new Restricted Subsidiary being referred to herein as the "Additional Assets"), Restricted Borrowers shall (or shall cause the appropriate Company to) execute and deliver to Administrative Agent all further instruments and documents (including, without limitation, Collateral Documents and all certificates and instruments representing shares of stock or other equity interests), and shall take all further action that may be necessary or desirable, or that Administrative Agent may reasonably request, to grant, perfect, and protect Liens in favor of Administrative Agent for the benefit of Lenders in such Additional Assets, as security for the Obligation to the extent Liens are required in such assets pursuant to Section 6.2; it being expressly understood that the granting of such additional security for the Obligation is a material inducement to the execution and delivery of this Agreement by each Lender. Upon satisfying the terms and conditions hereof, such Additional Assets shall be included in the "Collateral" for all purposes under the Loan Documents, and all references to the "Collateral" in the Loan Documents shall include the Additional Assets.

Future Liens. Other than as permitted in Section 6.6, promptly upon the designation, formation, or Acquisition of any new Restricted Subsidiary of any Company (each new Restricted Subsidiary being referred to herein as the "Additional Assets"), Restricted the Borrowers shall (or shall cause the appropriate Company to) execute and deliver to the Administrative Agent all further instruments and documents (including, without limitation, including Collateral Documents and all certificates and instruments representing shares of stock or other equity interestsCapital Securities), and shall take all further action that may be necessary or desirable, or that the Administrative Agent may reasonably request, to grant, perfect, and protect Liens in favor of the Administrative Agent for the benefit of Lenders the Secured Parties in such Additional Assets, as security for the Obligation to the extent Liens are required in such assets pursuant to Section 6.2; it being expressly understood that the granting of such additional security for the Obligation is a material inducement to the execution and delivery of this Agreement by each Lender. Upon satisfying the terms and conditions hereof, such Additional Assets shall be included in the "Collateral" for all purposes under the Loan Documents, and all references to the "Collateral" in the Loan Documents shall include the Additional Assets.