Additional Guarantees and Additional Collateral Sample Clauses

Additional Guarantees and Additional Collateral. (a) In consideration for the New Money Investment, the Corporate Reorganization and the transactions contemplated hereby, the Company shall procure that: (i) each other Obligor grants Transaction Security in relation to the liabilities of the Obligors under the Existing Facility Agreements and the Existing Guarantee Facility Agreement pursuant to each New Transaction Security Document to which such Obligor is required to be a party; and (ii) each Additional Obligor enters into and delivers an Accession Agreement in relation to this Agreement and grants Transaction Security in relation to the Existing Facilities and the Guarantee Facility, as the case may be, pursuant to each New Transaction Security Document to which such Additional Obligor is required to be a party. (b) Each Party acknowledges and agrees that the Corporate Reorganization contemplated as part of the Restructuring is being undertaken for legitimate business reasons.