Common use of Additional Assurance Clause in Contracts

Additional Assurance. Borrower shall upon request of Lender promptly take such action and promptly make, execute, and deliver all such additional and further items, deeds, assurances, and instruments as Lender may reasonably require, so as to completely vest in and ensure to Lender its rights hereunder and in or to the Collateral, including, but not limited to, additional subordination agreements for all future shareholder loans and/or undistributed earnings.

Appears in 11 contracts

Samples: Loan Agreement (Anaren Inc), Loan Agreement (Pinnacle Data Systems Inc), Loan Agreement (Anaren Inc)

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Additional Assurance. Borrower shall upon request of Lender promptly take such action and promptly make, execute, and deliver all such additional and further items, deeds, assurances, and instruments as Lender may reasonably require, so as to completely vest in and ensure to Lender its rights hereunder and in or to the Collateral, including, but not limited to, additional subordination agreements for all future shareholder loans and/or undistributed earningshereunder.

Appears in 2 contracts

Samples: Loan Agreement (Universal Truckload Services, Inc.), Loan Agreement (Universal Truckload Services, Inc.)

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Additional Assurance. Borrower shall upon request of Lender promptly take such action and promptly make, execute, and deliver all such additional and further items, deeds, assurances, and instruments as Lender may reasonably require, so as to completely vest in and ensure to Lender its rights hereunder and in or to the Collateral, including, but not limited to, additional subordination agreements for all future shareholder loans and/or undistributed earnings.

Appears in 1 contract

Samples: Loan Agreement (Mod Pac Corp)

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