Additional Security Agreements Sample Clauses
The 'Additional Security Agreements' clause requires one or both parties to enter into further agreements that provide extra security interests or collateral beyond what is already specified in the main contract. In practice, this may involve the borrower agreeing to sign separate documents granting the lender a security interest in specific assets, such as equipment or receivables, or to comply with additional registration or perfection requirements. The core function of this clause is to ensure that the secured party has adequate and enforceable rights over collateral, thereby reducing the risk of loss if the other party defaults.
Additional Security Agreements. As may be determined necessary by Buyer from time to time in its sole and good faith discretion, Seller agrees to cause to be executed and delivered to Buyer such additional security agreements as additional support for Seller’s obligations hereunder, which additional security agreements shall be considered “margin payments” as such term is defined in Bankruptcy Code Section 741(5).
Additional Security Agreements. (a) The Company will cause each of its Domestic Subsidiaries which has not previously done so to execute and deliver to the Agent a Subsidiary Security Agreement and to take such other action as reasonably shall be necessary or as the Agent reasonably shall request to grant to the Agent a first priority perfected (to the extent required in such Security Agreement) security interest in all Collateral described in such Security Agreement (subject to any Liens permitted to encumber such Collateral pursuant to subsection 14.2). Each such Security Agreement shall be accompanied by such evidence of the taking of all actions as may be necessary or appropriate for the perfection (to the extent required in such Security Agreement) and first priority of such security interest (including, without limitation, the filing of any necessary Uniform Commercial Code financing statements) and such resolutions, incumbency certificates and legal opinions as are reasonably requested by the Agent, all of which shall be in form and substance reasonably satisfactory to the Agent.
(b) [RESERVED].
Additional Security Agreements. (a) The Company will cause each of its Domestic Subsidiaries which has not previously done so to execute and deliver to the Administrative Agent a Subsidiary Security Agreement, substantially in the form of Exhibit G-4 (after giving effect to the applicable modifications described in the Consent and Confirmation), and (to the extent applicable) any Intellectual Property Security Agreements and to take such other action as reasonably shall be necessary or as the Administrative Agent reasonably shall request to grant to the Administrative Agent a first priority perfected security interest in all collateral described in such Security Agreement (subject to any Liens contemplated by subsection 11.3(m)). Each such Security Agreement shall be accompanied by such evidence of the taking of all actions as may be necessary or appropriate for the perfection and first priority of such security interest (including, without limitation, the filing of any necessary Uniform Commercial Code financing statements) and such resolutions, incumbency certificates and legal opinions as are reasonably requested by the Agents or the Administrative Agent, all of which shall be in form and substance reasonably satisfactory to the Administrative Agent.
(b) Each Local Borrowing Subsidiary in the United Kingdom and Canada which is designated as such after the date hereof will take such action as reasonably shall be necessary or as the Administrative Agent reasonably shall request to grant to the Administrative Agent a first priority, perfected security interest in all material accounts receivable, inventory and property, plant and equipment of such Local Borrowing Subsidiary (except to the extent that (i) such assets are subject on the date hereof to Liens which are permitted under subsection 11.3, in which case no such security interests need be granted pursuant to this clause (b) while such existing Liens, and the Indebtedness secured thereby on the date hereof, remain in effect, or (ii) the Agents, in their reasonable judgment, determine that the transaction costs, regulatory burdens and operational restrictions resulting from such grant are not justified by the value of the assets to be encumbered). Each such security interest shall be granted pursuant to a Security Agreement in such form as (x) may be reasonably required in order to perfect a security interest in the relevant assets pledged pursuant thereto and (y) is in form and substance reasonably satisfactory to the Administrativ...
Additional Security Agreements. Borrower shall execute and deliver to Lender such additional security agreements and financing statements, including a Uniform Commercial Code Financing Statement, as may reasonably be requested by Lender, all in form and content reasonably satisfactory to Lender, as additional security for the Loan.
Additional Security Agreements. Upon the creation of any New Subsidiary incorporated or formed under the laws of the United States, such New Subsidiary shall execute a Security Agreement in favor of the Lender, pledging all tangible and intangible assets of such New Subsidiary as Collateral for the Loan. Nothing contained in this section shall alter the requirements contained in Section 10.1 hereof.
Additional Security Agreements. (a) Any additional instrument to be entered into in order effectively to create or confirm security or rights for the benefit of any of the Finance Parties shall be entered into solely by the relevant Security Representative and such Security Representative is hereby authorised to enter into such documents.
(b) Each Security Representative shall promptly following execution of any additional instrument as contemplated under clause (a), supply a copy to each of the other Finance Parties.
(c) No Security Representative shall have any liability to the other Finance Parties regarding the validity, enforceability or effect of any such instruments.
Additional Security Agreements. See Section 6.1. ------------------------------
Additional Security Agreements. 102 10.13. Asset Transfers................................................102 10.14. Intellectual Property..........................................103 10.15. Additional Mortgages...........................................105 10.16. Post-Closing Matters...........................................105 SECTION 11. NEGATIVE COVENANTS.............................................106
Additional Security Agreements