093 ADDITIONAL COLLATERAL Clause Samples

093 ADDITIONAL COLLATERAL. The Customer shall be required to grant a first priority, perfected Lien on or in the Collateral in accordance with the terms hereof. In addition thereto: (a) CATEGORY 1C CUSTOMER AND CATEGORY 2 CUSTOMERS. If the Customer shall have been determined to be a Category 1C Customer or Category 2 Customer and (i) the Satellite is to be placed into non-geostationary orbit pursuant to the Launch Services Agreement or (ii) the Project shall be determined by AEF, based on the decision of the Lenders, to involve a novel application (whether or not using novel technologies), AEF may require that assets in addition to those set forth in the definition of "COLLATERAL" herein that are integral to the operation of the Satellite be included in the Collateral and, in order for the Customer to be entitled to Conversion, such assets shall, thereupon, be deemed to form part of the Collateral for all purposes of this Agreement and the other Loan Documents. Any such determination shall be made by AEF on or before the date of the earlier to occur of (A) the completion of the review, if any, pursuant to Section 9.01 of any Preliminary Business Plan submitted for the Customer, if accepted by the Customer, that contains information determined by AEF to be sufficient for the purpose of this Section 9.03 and (B) the Conversion Commitment Date.