SECURITY FOR ADVANCES UNDER FACILITY A Clause Samples

SECURITY FOR ADVANCES UNDER FACILITY A. As general and continuing security for the performance by the Facility A Borrowers of their obligations to the Facility A Lenders in connection with all Loans under Facility A in accordance with the terms hereof and the Security Documents relating to Facility A, and of their obligation to repay all amounts owing by them to such Lenders in principal, interest and accessories hereunder and of their obligations arising under any other undertaking given in connection herewith or therewith, as any of the same are, from time to time, amended, restated, amended and restated, extended or renewed, the Facility A Borrowers shall: 10.1.1 execute and cause to be executed by each Restricted Subsidiary that is not a Facility A Borrower a first-ranking security agreement and hypothec charging Operating Assets (subject only to Permitted Charges), in favour of, respectively, the US Collateral Agent and the Canadian Collateral Agent, on behalf of the Facility A Lenders, and register or publish same as promptly as practicable thereafter wherever it would be necessary or useful to do so in order to perfect or enforce same; 10.1.2 cause to be executed by IPG, LLC and each other Restricted Subsidiary that is not a Facility A Borrower an unconditional joint and several guarantee and postponement of claims, in favour of the Agent, the US Collateral Agent and the Canadian Collateral Agent, on behalf of the Facility A Lenders, of the obligations of the Facility A Borrowers under this Agreement and the Security Documents relating to Facility A;