Common use of Subsidiary Security Documents Clause in Contracts

Subsidiary Security Documents. Company shall cause each person or ----------------------------- entity becoming a Subsidiary of Company from time to time to execute and deliver to Newco, within thirty (30) days after such person or entity becomes a Subsidiary, a guarantee substantially in the form attached hereto as Exhibit B-1 and a security agreement substantially in the form attached hereto as Exhibit B- 2, together with all financing statements and other related documents (including real estate deeds to secure debt) as Newco may reasonably request and such closing documents with respect to such Subsidiary of the type described in Article IX as Newco may reasonably request, sufficient to grant to Newco a second-priority lien and security interest in all assets of each Subsidiary of the type described in Section 4.1, except to the extent prohibited by the Bank Credit Agreement or the Company's and/or any Subsidiary's agreements with Nationwide Life Insurance Company, or any refinancing of such indebtedness (such agreements, together with any refinancing thereof, the "Nationwide Debt Agreement").

Appears in 2 contracts

Samples: Secured Loan Agreement (Harrys Farmers Market Inc), Secured Loan Agreement (Progressive Food Concepts Inc)

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Subsidiary Security Documents. The Company shall cause each person or ----------------------------- entity becoming a Subsidiary of the Company from time to time to execute and deliver to Newco, within thirty (30) days after such person or entity becomes a Subsidiary, a guarantee substantially in the form attached hereto as Exhibit B-1 and a security agreement substantially in the form attached hereto as Exhibit B- 2, together with all financing statements and other related documents (including real estate deeds to secure debt) as Newco may reasonably request and such closing documents with respect to such Subsidiary of the type described in Article IX as Newco may reasonably request, sufficient to grant to Newco a second-priority lien and security interest in all assets of each Subsidiary of the type described in Section 4.1, except to the extent prohibited by the Bank Credit Agreement or the Company's and/or any Subsidiary's agreements with Nationwide Life Insurance Company, or any refinancing of such indebtedness (such agreements, together with any refinancing thereof, the "Nationwide Debt Agreement").

Appears in 2 contracts

Samples: Secured Loan Agreement (Boston Chicken Inc), Secured Loan Agreement (Boston Chicken Inc)

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Subsidiary Security Documents. The Company shall cause each person or ----------------------------- entity becoming a Subsidiary of the Company from time to time to execute and deliver to Newco, within thirty (30) days after such person or entity becomes a Subsidiary, a guarantee substantially in the form attached hereto as Exhibit B-1 and a security agreement substantially in the form attached hereto as Exhibit B- 2, together with all financing statements and other related documents (including real estate deeds to secure debt) as Newco may reasonably request and such closing documents with respect to such Subsidiary of the type described in Article IX as Newco may reasonably request, sufficient to grant to Newco a second-priority lien and security interest in all assets of each Subsidiary of the type described in Section 4.1, except to the extent prohibited by the Bank Credit Agreement or the Company's and/or any Subsidiary's agreements with Nationwide Life Insurance Company, or any refinancing of such indebtedness (such agreements, together with any refinancing thereof, the "Nationwide Debt Agreement").

Appears in 1 contract

Samples: Secured Loan Agreement (Harrys Farmers Market Inc)

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