Additional Collateral Security Sample Clauses

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. 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. In addition to the collateral described in Section 9.1 hereof, payment of the Obligations is also secured by a first priority security interest in (i) all personal property including trademarks and patents of the Borrower (other than application for trademarks and patents based on intent to use) whether now owned or hereafter acquired, and (ii) all outstanding shares of stock of Pro-Bel, as provided, respectively, in the Security Agreements and Pledge Agreement executed and delivered by the Borrower to the Bank. SECTION 10.

Additional Collateral Security. Reserve Account 8

Additional Collateral Security. Reserve Account……………………………………. 12

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 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. The Borrower shall, to the extent not prohibited by the terms of the Revolving Loan Agreement or the Mortgage Note Agreement, cause: (i) each Subsidiary of the Borrower not in existence on the Funding Date, to execute and deliver to the Agent promptly and in any event within three days after the formation, acquisition or change in status thereof (A) a guaranty guaranteeing the Term Loan Obligations, (B) a security agreement providing for security interests in substantially all of such Subsidiary's assets, (C) if such Subsidiary has any Subsidiaries, a pledge agreement providing for a security interest in all shares of such Capital Stock, in each case in form and substance reasonably satisfactory to the Required Lenders, together with (x) a UCC Filing Authorization Letter, duly executed by such Subsidiary, (y) certificates evidencing all of the Capital Stock of any Person owned by such Subsidiary and (z) undated stock powers executed in blank with signature guaranteed, (D) such other agreements, instruments, approvals, legal opinions or other documents requested by the Agent in order to create, perfect or otherwise protect any Lien purported to be covered by any such security agreement or pledge agreement or otherwise to effect the intent that such Subsidiary shall become bound by all of the terms, convenants and agreements contained in the Loan Documents and that all property and assets of such Subsidiary shall become Collateral for the Term Loan Obligations; and (ii) each owner of the Capital Stock of any such Subsidiary to execute and deliver promptly and in any event within three days after the formation or acquisition of such Subsidiary a pledge agreement, in form and substance satisfactory to the Agent, together with (A) certificates evidencing all of the Capital Stock of such Subsidiary, (B) undated stock powers or other appropriate instruments of assignment executed in blank with signature guaranteed, (C) 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 (D) such other agreements, instruments, approvals, legal opinions or other documents requested by the Agent.

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 accounts receivable of each Practice Group (to the extent same are subject to any purchase agreement between such Practice Group, as seller, and the Borrower, as purchaser), (iv) all the issued and outstanding Capital Stock of each Subsidiary that is or becomes a Guarantor, and (v) 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. 3. Pursuant to the Agreement, the Borrower is not permitted to enter into any Acquisition other than Permitted Acquisitions and the Borrower acquired certain assets of Reproductive Endocrine Associates of Charlotte, P.C. in a transaction that was not a Permitted Acquisition. The Bank hereby agrees to waive compliance with the Agreement, but solely with respect to the Borrower's Acquisition of certain assets of Reproductive Endocrine Associates of Charlotte, P.C. and its entering into a Management Agreement with Reproductive Endocrine Associates of Charlotte, P.C. and such transaction shall be deemed a Permitted Acquisition for purposes of the Agreement. 4. The Borrower hereby represents and warrants to the Bank that: (a) Each and every of the representations and warranties set forth in the Agreement and/or the documents executed pursuant thereto or in connection therewith is true as of the date hereof and with the same effect as though made on the date hereof, and is hereby incorporated herein in full by reference as if fully restated herein in its entirety. (b) No Default or Event of Default and no event or condition which, with the giving of notice or lapse of time or both, would constitute such a Default or Event of Default, now exists or would exist, except those that are being waived pursuant to this Amendment. 5. All obligations in connection with the Agreement are and shall continue to be (i) secured by the collateral referenced in the Agreement and more fully described in one or more security agreements in favor of the Bank and ...

Additional Collateral Security. The Mexican Borrower and/or its Subsidiaries, as applicable, shall grant in favor of the Administrative Agent and the Lenders a first-priority Lien with respect to all licenses, concessions or fishing vessels of the Mexican Borrower which are not pledged or mortgaged as collateral security in connection with its Indebtedness owed to Persons other than the Lenders, each of which pledge or mortgage instrument, as the case may be, shall constitute a Mexican Security Agreement. For such purposes, the Mexican Borrower shall cause its Subsidiaries (including, but not limited to, Marpesca) to enter into any necessary Security Agreements and perform any and all corporate actions that are required in order to comply with this Section.

Additional Collateral Security. In addition to the collateral described in Section 9.1 hereof, payment of the Obligations is also secured by (i) a first priority security interest in the property of the Borrower and the Corporate Guarantor described in the Security Agreement whether now owned or hereafter acquired, as provided in the Security Agreement, (ii) a collateral assignment of life insurance in the minimum amount of $7,500,000.00 on the life of Xxxxxx X. Xxxxxxx which will be delivered to the Bank within forty-five (45) days of the date of this Third Amendment and (iii) at the option of the Borrower, collateral assignment(s) of life insurance in the minimum amount of $2,500,000.00 on the life of either or both Individual Guarantors (the foregoing, together with the collateral described in Section 9.1 hereof, the “Collateral”).” (AA) Section 10.1 of the Agreement is amended by deleting same and substituting the following therefor: