Additional Credit Security. As additional Credit Security, each Obligor covenants that it will mortgage, pledge and collaterally grant and assign to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and will create a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Agent may from time to time specify by notice to the Borrower, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 10.1.16(a) through (d), subject only to Liens permitted by Section 10.3.4, all of which shall thereupon be included in the term "CREDIT SECURITY".
Additional Credit Security. As additional Credit Security, each Obligor covenants that it will mortgage, pledge and collaterally grant and assign to the Agent for the benefit of the Lenders and the holders from time to time of any Credit Obligation, and will create a security interest in favor of the Agent for the benefit of the Lenders and such holders in, all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Agent may from time to time specify by notice to the Borrower, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 10.1.15(a) through (d), subject only to Liens permitted by Section 10.3.4, all of which shall thereupon be included in the term "Credit Security":
Additional Credit Security. As additional Credit Security, the Companies covenant that they will mortgage, pledge and collaterally grant and assign to the Lender and the holders from time to time of any Credit Obligation, and will create a security interest in favor of the Lender and such holders in, all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Lender may from time to time specify by notice to such Obligor, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 2.1.15(a) through (e), subject only to liens permitted by Section 2.3.3, all of which shall thereupon be included in the term "CREDIT SECURITY:
Additional Credit Security. 7 3.3. Certain Covenants with Respect to Credit Security..............................7 3.4. Administration of Credit Security.............................................11 3.5. Right to Realize upon Credit Security.........................................12 3.6. Custody of Credit Security....................................................16 4. Defeasance.............................................................................16 5.
Additional Credit Security. As additional Credit Security, each Obligor covenants that it will mortgage, pledge and collaterally grant and assign to the Agent for the benefit of the Holders, and will create a security interest in favor of the Agent for the benefit of the Holders in all of its right, title and interest in and to (but none of its obligations with respect to) such of the following present or future items as the Agent may from time to time specify by notice to such Obligor, whether now owned or hereafter acquired, and the proceeds and products thereof, except to the extent consisting of rights or property of the types referred to in Section 3.1.15(a) through (f), subject only to Liens permitted by Section 3.3.3, all of which shall thereupon be included in the term "CREDIT SECURITY":
3.2.1. MOTOR VEHICLES AND AIRCRAFT. All motor vehicles and aircraft.
Additional Credit Security. 9 3.3. Certain Covenants with Respect to Credit Security............................ 9 3.4.
Additional Credit Security. 10 3.2.1. Real Property.....................................10 3.2.2. Motor Vehicles and Aircraft.......................11 3.3. Representations, Warranties and Covenants with Respect to Credit Security..............................................11 3.3.1. Pledged Stock.....................................11 3.3.2.
Additional Credit Security. 5 2.3. Representations, Warranties and Covenants with Respect to Credit Security . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 2.3.1. Pledged Stock . . . . . . . . . . . . . . . . . . . . 5 2.3.2.
Additional Credit Security. 10 6.3. Representations, Warranties and Covenants with Respect to Credit Security . . . . . . . . . . . . . . . . . . . . . . . . 10 6.3.1.
Additional Credit Security. If GALIC shall receive at any time an A.M. Best rating below any "A" category, then, upon the written request of the Required Majority Lenders, the Agent shall by notice in writing to the Company, request the delivery of additional shares of Common Stock of GALIC, or other additional collateral offered by the Company in form and substance satisfactory to the Required Majority Lenders (the "Additional Collateral"), and in any event having a Collateral Value at all times equal to or exceeding the amount of the Loan then outstanding in excess of $37,500,000 (the "Loan Margin"). Upon receipt of any such notice, the Company shall promptly, and in any event within 10 Banking Days, deliver to the Agent the Additional Collateral. If the Agent shall at any time give the Company notice that the aggregate Collateral Value of the Additional Collateral is less than the Loan Margin, the Company will promptly, and in any event, within 10 Banking Days, deliver to the Agent further Additional Collateral so that after giving effect thereto the aggregate Collateral Value of all Additional Collateral equals or exceeds the Loan Margin. If the aggregate Collateral Value of the Additional Collateral exceeds the Loan Margin for a period of 10 Banking Days, then upon the written request of the Company, so long as no Default shall exist, the Agent shall return to the Company such portion of the Additional Collateral then in excess of the Loan Margin as the Company may request. If GALIC shall subsequently receive an A.M. Best Rating in any "A" category, then, upon written request of the Company, so long as no Default shall exist, the Agent shall return to the Company such Additional Collateral as the Company may so request.
