Common use of Obligation to Update Clause in Contracts

Obligation to Update. (a) Within 30 days after the date of any additional Commercial Tort Claims with a reasonably estimated value in excess of $250,000 in the aggregate for all Grantors arising since Schedule 9 was last delivered, such Grantor shall provide the Collateral Trustee with an amended or supplemented Schedule 9 to reflect such additional Commercial Tort Claims. (b) Within 30 days after the date of acquiring any principal concentration deposit account since Schedule 10 was last delivered, Borrower shall provide the Collateral Trustee with an amended or supplemented Schedule 10 to reflect such additional Deposit Account. (c) Within 30 days after the date of obtaining rights in any Letter-of-Credit Rights with a value in excess of $250,000 in the aggregate for all Grantors, such Grantor shall provide the Collateral Trustee with an amended or supplemented Schedule 11 to reflect such additional Letter-of-Credit Rights.

Obligation to Update. (a) Within 30 days after the date of any additional Commercial Tort Claims with a reasonably estimated value in excess of $250,000 in the aggregate for all Grantors arising since Schedule 9 was last delivered, such Grantor shall provide the Collateral Trustee with an amended or supplemented Schedule 9 to reflect such additional Commercial Tort Claims. (b) Within 30 days after the date of acquiring any principal concentration deposit account since Schedule 10 was last delivered, Borrower the Company shall provide the Collateral Trustee with an amended or supplemented Schedule 10 to reflect such additional Deposit Account. (c) Within 30 days after the date of obtaining rights in any Letter-of-Credit Rights with a value in excess of $250,000 in the aggregate for all Grantors, such Grantor shall provide the Collateral Trustee with an amended or supplemented Schedule 11 to reflect such additional Letter-of-Credit Rights.