Common use of Security Documents Additional Collateral Clause in Contracts

Security Documents Additional Collateral. (a) In order to secure the due and punctual payment of the Notes Obligations, (i) on the Issue Date, simultaneously with the execution and delivery of this Indenture, the Collateral Grantors have executed Security Documents granting to the Collateral Agent for the benefit (or, where applicable, as direct representative) of the Secured Creditors a perfected Lien in the Collateral, and (ii) after the Issue Date, each other affiliate of the Company that is required to become a Collateral Grantor pursuant to Section 4.17 shall execute and deliver the necessary Security Documents in order to grant to the Collateral Agent a perfected Lien in all assets of such Person which are required to, but do not already, constitute Collateral. (b) The Company shall cause every Collateral Grantor to from time to time take the actions required by Section 4.17.