Common use of Covenant to Give Security Clause in Contracts

Covenant to Give Security. (a) Personal Property including IP of New Loan Parties. Concurrently with any Person becoming a Loan Party in accordance herewith (or a later date to which the Administrative Agent agrees), cause any such Person to (i) duly execute and deliver to the Collateral Agent counterparts to the Security Agreement or such other document as the Administrative Agent or the Collateral Agent shall reasonably deem appropriate for such purpose, (ii) to the extent that any Equity Interests in, or owned by, such Person is required to be pledged pursuant to the Security Agreement, deliver stock certificates, if any, representing such Equity Interests accompanied by undated stock powers or instruments of transfer executed in blank, (iii) to the extent that any Intellectual Property (as defined in the Security Agreement) owned by a Loan Party is required to be pledged pursuant to the Security Agreement but has not been pledged, deliver any supplements to the IP Security Agreements reasonably requested by the Administrative Agent or the Collateral Agent, (iv) deliver to the Administrative Agent and the Collateral Agent a supplement to the Collateral Questionnaire with respect to such Guarantor and (v) comply with all other requirements of the Security Agreement with respect to the Collateral of such Guarantor.

Appears in 2 contracts

Samples: Based Revolving Credit Agreement (Alpha Metallurgical Resources, Inc.), Asset Based Revolving Credit Agreement (Contura Energy, Inc.)

AutoNDA by SimpleDocs

Covenant to Give Security. (a) Personal Property including IP of New Loan PartiesGuarantors. Concurrently with any Person Restricted Subsidiary becoming a Loan Party in accordance herewith Guarantor pursuant to Section 6.12 (or a later date to which the Administrative Agent agrees), cause any such Person Restricted Subsidiary to (i) duly execute and deliver to the Collateral Agent counterparts to the Security Agreement or such other document as the Administrative Agent or the Collateral Agent shall reasonably deem appropriate for such purpose, (ii) to the extent that any Equity Interests Capital Stock in, or owned by, such Person Restricted Subsidiary is required to be pledged pursuant to the Security Agreement, deliver stock certificates, if any, representing such Equity Interests Capital Stock accompanied by undated stock powers or instruments of transfer executed in blank, (iii) to the extent that any Intellectual Property (as defined in the Security Agreement) owned by a Loan Party is required to be pledged pursuant to the Security Agreement but has not been pledged, deliver any supplements to the IP Security Agreements reasonably requested by the Administrative Agent or the Collateral Agent, Agent and (iv) deliver to the Administrative Agent and the Collateral Agent a supplement to the Collateral Questionnaire with respect to such Guarantor and (v) comply with all other requirements of the Security Agreement with respect to the Collateral of such Guarantor.

Appears in 2 contracts

Samples: Credit Agreement (Contura Energy, Inc.), Credit Agreement (Contura Energy, Inc.)

Covenant to Give Security. (a) Personal Property including IP of New Loan PartiesGuarantors. Concurrently with any Person Restricted Subsidiary becoming a Loan Party in accordance herewith Guarantor pursuant to Section 6.12 (or a later date to which the Facilities Administrative Agent agrees), cause any such Person Restricted Subsidiary to (i) duly execute and deliver to the Collateral Agent Trustee counterparts to the Security Agreement or such other document as the Facilities Administrative Agent or the Collateral Agent Trustee shall reasonably deem appropriate for such purpose, (ii) to the extent that any Equity Interests Capital Stock in, or owned by, such Person Restricted Subsidiary is required to be pledged pursuant to the Security Agreement, deliver stock certificates, if any, representing such Equity Interests Capital Stock accompanied by undated stock powers or instruments of transfer executed in blank, (iii) to the extent that any Intellectual Property (as defined in the Security Agreement) owned by a Loan Party is required to be pledged pursuant to the Security Agreement but has not been pledged, deliver any supplements to the IP Security Agreements or supplements to existing IP Security Agreements as may be reasonably requested by the Facilities Administrative Agent or the Collateral Agent, Trustee and (iv) deliver to the Administrative Agent and the Collateral Agent a supplement to the Collateral Questionnaire with respect to such Guarantor and (v) comply with all other requirements of the Security Agreement with respect to the Collateral of such Guarantor.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Foresight Energy LP)

Covenant to Give Security. (a) Personal Property including IP of New Loan Parties. Concurrently with any Person becoming a Loan Party in accordance herewith (or a later date to which the Administrative Agent agrees), cause any such Person to (iA) duly execute and deliver to the Collateral Agent counterparts to the Security Agreement or such other document as the Administrative Agent or the Collateral Agent shall reasonably deem appropriate for such purpose, (iiB) to the extent that any Equity Interests Capital Stock in, or owned by, such Person is required to be pledged pursuant to the Security Agreement, deliver stock certificates, if any, representing such Equity Interests Capital Stock accompanied by undated stock powers or instruments of transfer executed in blank, (iiiC) to the extent that any Intellectual Property (as defined in the Security Agreement) owned by a Loan Party is required to be pledged pursuant to the Security Agreement but has not been pledged, deliver any supplements to the IP Security Agreements reasonably requested by the Administrative Agent or the Collateral Agent, (ivD) deliver to the Administrative Agent and the Collateral Agent a supplement to the Collateral Questionnaire with respect to such Guarantor Guarantor, and (vE) comply with all other requirements of the Security Agreement with respect to the Collateral of such Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Contura Energy, Inc.)

AutoNDA by SimpleDocs

Covenant to Give Security. (a) Personal Property including IP of New Loan Parties. Concurrently with any Person becoming a Loan Party in accordance herewith (or a later date to which the Administrative Agent (at the direction of the Required Lenders) agrees), cause any such Person to (iA) duly execute and deliver to the Collateral Agent counterparts to the Security Agreement or such other document as that the Administrative Agent or the Collateral Agent Required Lenders shall reasonably deem appropriate for such purpose, (iiB) to the extent that any Equity Interests Capital Stock in, or owned by, such Person is required to be pledged pursuant to the Security Agreement, deliver stock certificates, if any, representing such Equity Interests Capital Stock accompanied by undated stock powers or instruments of transfer executed in blank, (iiiC) to the extent that any Intellectual Property (as defined in the Security Agreement) owned by a Loan Party is required to be pledged pursuant to the Security Agreement but has not been pledged, deliver any supplements to the IP Security Agreements reasonably requested by the Administrative Agent or the Collateral AgentRequired Lenders, (ivD) deliver to the Administrative Agent and the Collateral Agent a supplement to the Collateral Questionnaire with respect to such Guarantor Guarantor, and (vE) comply with all other requirements of the Security Agreement with respect to the Collateral of such Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Contura Energy, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.