Common use of ADDITIONAL BORROWER JOINDER SUPPLEMENT Clause in Contracts

ADDITIONAL BORROWER JOINDER SUPPLEMENT. In order to add an Additional Borrower, under the Credit Facility, confirm that such additional Borrower is jointly and severally liable with existing Borrower for all the Obligations, perfect the lien and security interest of the Lenders in the Collateral related to the construction and operation of any Facility encumbered by a Deed of Trust provided by an Additional Borrower, such Additional Borrower shall execute and deliver to the Agent, an Additional Borrower Joinder Supplement joining in the Note, this Agreement, such assignments of Collateral and such other Security Documents as the Agent may require and in sufficient number of counterparts for recordation, and, at the Borrower's sole expense, shall make available for recording all such financing statements and other Security Documents, or cause them to be recorded, in all public offices deemed necessary to the Agent.

Appears in 2 contracts

Samples: Financing and Security Agreement (Alternative Living Services Inc), Financing and Security Agreement (Alternative Living Services Inc)

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ADDITIONAL BORROWER JOINDER SUPPLEMENT. In order to add an Additional Borrower, Borrower under the Credit Facility, confirm that such additional Borrower is jointly and severally liable with existing Borrower Borrowers for all the Obligations, and perfect the lien and security interest of the Lenders in the Collateral related to the construction and operation of any Facility encumbered by a Deed of Trust provided by an Additional Borrower, such Additional Borrower shall execute and deliver to the Agent, Agent an Additional Borrower Joinder Supplement joining in the NoteNotes, this Agreement, such assignments of Collateral and such other Security Documents as the Agent may require and in sufficient number of counterparts for recordation, and, at the Borrower's Borrowers' sole expense, shall make available for recording all such financing statements and other Security Documents, or cause them to be recorded, in all public offices deemed necessary to the Agent.

Appears in 2 contracts

Samples: Financing and Security Agreement (American Retirement Corp), Financing and Security Agreement (American Retirement Corp)

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