Additional Collateral Security. In addition to the collateral ------------------------------ described in Section 8.1 hereof, payment of the Obligations is also secured by (a) a first priority security interest in all personal property of the Company, whether now owned or hereafter acquired, to the extent provided in the Security Agreement executed and delivered by the Company to the Bank and (b) all right, title and interest of the Company in and to the Master Agreement and each transaction entered into thereunder including, without limitation, all amounts payable or deliverable thereunder and all proceeds of the foregoing in whatever form received, in each case whether now owned or hereafter acquired.
Additional Collateral Security. If, upon the dissolution or liquidation (in whole or in part) of any subsidiary listed on Schedule 1 hereto, any sum shall be paid upon or with respect to any of the Pledged Securities, such sum shall be paid over to Pledgee to be held by Pledgee as additional collateral security for the Obligations. In case any stock dividend shall be declared on any of the Pledged Securities, or any shares of stock or fractions thereof shall be issued pursuant to any stock split involving any of the Pledged Securities, or any distribution of capital shall be made on any of the Pledged Securities, or any property shall be distributed upon or with respect to the Pledged Securities pursuant to any recapitalization or reclassification of the capital of any subsidiary listed on Schedule 1 hereto, or pursuant to a reorganization thereof, the shares or other property so distributed shall be delivered to Pledgee as additional collateral security for the Obligations.
Additional Collateral Security. Reserve Account 8
Additional Collateral Security. In addition to the collateral described in Paragraph 9(a) hereof, payment of the Obligations is also secured by a first priority security interest in all personal property of the Borrower and its Subsidiaries whether now owned or hereafter acquired, as provided in security agreements executed or to be executed and delivered by such parties to the Bank (collectively the "Security Agreements").
Additional Collateral Security. Reserve Account……………………………………. 12
Additional Collateral Security. In addition to the collateral described in Section 9.1, payment of the Obligations is also secured by a first priority (subject to Liens permitted by this Agreement) security interest in all the Collateral.
Additional Collateral Security. In addition to the collateral described in Section 9.1 hereof, payment of the Obligations is also secured by a first priority (subject to Liens permitted by this Agreement) security interest in (i) all assets and personal property and fixtures of the Borrower and each Guarantor, (ii) assignments of all financing statements in favor of the Borrower and/or the Guarantors in connection with its (their) purchase of accounts receivable, (iii) all the issued and outstanding Capital Stock of each Subsidiary that is or becomes a Guarantor, and (iv) all proceeds and products of the forgoing, whether now owned or hereafter acquired, as provided in a Security Agreement executed or to be executed and delivered by the Borrower and each Guarantor to the Bank.
Additional Collateral Security. If upon the bankruptcy of the Maker any sum shall be paid upon or with respect to any of the Pledged Securities, such sum shall be paid over to the Payee to be held by the Payee as additional collateral security for satisfaction of the Obligations, or in the case of any cash amount paid over, the Maker may at its option elect to reduce the Obligations with such payment. If any stock dividend shall be declared on any of the Pledged Securities, or any shares of stock or fractions thereof shall be issued pursuant to any stock split involving any of the Pledged Securities, or any distribution of capital shall be made on any of the Pledged Securities, or any property shall be distributed upon or with respect to the Pledged Securities pursuant to any recapitalization or reclassification of the capital of the Payee or pursuant to a reorganization thereof, the shares or other property so distributed shall be delivered to the Payee to be held by it in pledge as additional collateral security for the Obligations.
Additional Collateral Security. (a) Notwithstanding Section 2.08(b), if no Default or Event of Default shall have occurred and be continuing, Borrower may provide Eligible Additional Real Property as collateral for the Revolving Credit Facility to (i) increase the Borrowing Base, or (ii) substitute collateral in place of a Released Property.
Additional Collateral Security. The Companies shall, within 10 Business Days after the formation or acquisition of any Finance Company of the Company, execute and deliver, or cause each owner of any Capital Stock of such Finance Company to execute and deliver a supplement to the Pledge Agreement, together with (i) certificates evidencing all of the shares of Capital Stock of such Finance Company or if such Capital Stock is subject to a Lien granted in favor of the Senior Agent pursuant to the Senior Financing Agreement or a Lien granted in favor of the Senior Subordinated Agent pursuant to the Senior Subordinated Indebtedness Documents, copies of such certificates; provided that (A) upon payment in full of the Indebtedness under the Senior Financing Agreement, the original certificates shall be delivered to one of such agents, as applicable, and (B) upon payment in full of the Senior Subordinated Indebtedness, the original certificates shall be delivered to the Agent together with undated stock powers executed in blank with signature guaranteed, and such opinion of counsel and such approving certificate of such Subsidiary as the Agent may reasonably request in respect of complying with any legend on any such certificate or any other matter relating to such shares, and (ii) such other agreements, instruments, approvals, legal opinions or other documents requested by the Agent.
