Common use of Additional Security and Registration Clause in Contracts

Additional Security and Registration. The Loan Parties shall promptly execute and deliver to the Lender or cause to be delivered to the Lender, at the expense of the Loan Parties, such additional or complementary legal opinions and security documents and any Security referred to in Section 5.1(c) to be granted by any Person becoming a Subsidiary or such confirmations or such notices or documents containing such further description of properties charged or intended to be charged by the Security as may in the reasonable opinion of the Lender or its counsel be necessary or advisable to create and maintain charges over all assets and the issued Shares of the Subsidiaries wherever same may be situated. The Loan Parties shall cause to be promptly made all registrations and filings under any Applicable Law (including financing statements) and to be delivered all opinions, necessary, in the reasonable opinion of the Lender or its counsel, to render the Security fully effective and enforceable. Each Loan Party authorizes the Lender to file any such financing statement or similar documents without the signature of such Loan Party, or to execute such financing statement as attorney for such Loan Party in the event such Loan Party fails to do so promptly upon request by the Lender. Each Loan Party acknowledges that the Security has been prepared on the basis of Applicable Law in effect on the date hereof, and that changes to Applicable Law may require the execution and delivery of different forms of documentation, and accordingly the Lender shall have the right to require that the Security be amended, supplemented or replaced (and the Loan Parties shall duly authorize, execute and deliver to the Lender on request any such amendment, supplement or replacement with respect to any of the Security to which such Loan Party is a party consistent with the intent of the Security on the Closing Date): to reflect any change in Applicable Law, whether arising as a result of statutory amendments, court decisions or otherwise; to facilitate the creation and registration of appropriate forms of security in all applicable jurisdictions; or to ensure that all Security is fully effective and enforceable under all Applicable Law.

Additional Security and Registration. The Loan Parties shall promptly execute and deliver to the Lender or cause to be delivered to the Lender, at the expense of the Loan Parties, such additional or complementary customary legal opinions and security documents creating a security interest over all present and after acquired real and personal Property of other Corporate Guarantors (excluding real property interests specifically identified as "excluded property" in Schedule 5.1(d)) and any Security referred to in Section 5.1(c) 5.3 to be granted by any Person becoming a Subsidiary Subsidiary, or such confirmations or such notices or documents containing such further description of properties charged or intended to be charged by the Security as may in the reasonable opinion of the Lender or its their counsel be necessary or advisable to create and maintain charges over all assets included in the Security and the issued Shares of the Subsidiaries wherever same may be situated. The Loan Parties shall cause to be promptly made all registrations and filings under any Applicable Law Laws (including financing statements) and to be delivered all customary opinions, necessary, in the reasonable opinion of the Lender or its counsel, to render the Security including any guarantees fully effective and enforceable. Each Loan Party authorizes the Lender to file any such financing statement or similar documents without the signature of such Loan Party, or to execute such financing statement as attorney for such Loan Party in the event such Loan Party fails to do so promptly upon request by the Lender. Each Loan Party acknowledges that the Security has been prepared on the basis of Applicable Law Laws in effect on the date hereof, and that changes to Applicable Law Laws may require the execution and delivery of different forms of documentation, and accordingly the Lender shall have the right to require that the Security be amended, supplemented or replaced (and the Loan Parties shall duly authorize, execute and deliver to the Lender on request any such amendment, supplement or replacement with respect to any of the Security to which such Loan Party is a party consistent with the intent of the Security on the Closing Date): (i) to reflect any change in Applicable LawLaws, whether arising as a result of statutory amendments, court decisions or otherwise; (ii) to facilitate the creation and registration of appropriate forms of security in all applicable jurisdictions; or (iii) to ensure that all Security is Security, including any Loan Party Guarantees are fully effective and enforceable under all Applicable LawLaws.

Additional Security and Registration. The Following the Closing Date, each Loan Parties Party shall promptly execute and deliver to the Lender or cause to be delivered to the Lender, at the expense of the Loan PartiesBorrower, such additional or complementary legal opinions and security documents any Security referred to in Section 5.1 (to the extent not delivered on the Closing Date but subject to the last paragraph of Section 5.1) and any Security referred to in Section 5.1(c) 5.3 to be granted by any Person becoming a Subsidiary or (other than an Immaterial Subsidiary), and such confirmations or such notices or documents containing such further description of properties charged or intended to be charged by the such Security as may in the reasonable opinion of the Lender or its their counsel be necessary or advisable to create and maintain charges over all assets and the issued Shares Property of the Subsidiaries wherever same may be situatedeach Loan Party. The Each Loan Parties Party shall cause to be promptly made all registrations and filings under any Applicable Law Laws (including financing statements) and to be delivered all opinions, necessary, in the reasonable opinion of the Lender or its counsel, to render the Security including any guarantees fully effective and enforceable. Each Loan Party authorizes the Lender to file any such financing statement statements or similar documents in order to perfect Security granted by any Loan Party, without the signature of such Loan Party, or to execute such financing statement as attorney for such Loan Party Party, in the event such Loan Party fails to do so promptly upon request by the Lender. Each Loan Party acknowledges that the Security has been prepared on the basis of Applicable Law Laws in effect on the date hereofClosing Date, and that changes to Applicable Law Laws may require the execution and delivery of different forms of documentation, and accordingly the Lender shall have the right to require that the Security be amended, supplemented or replaced (and the Loan Parties shall duly authorize, execute and deliver to the Lender on request any such amendment, supplement or replacement with respect to any of the Security to which such Loan Party is a party consistent with the intent of the Security on the Closing Date): (i) to reflect any change in Applicable LawLaws, whether arising as a result of statutory amendments, court decisions or otherwise; (ii) to facilitate the creation and registration of appropriate forms of security in all applicable jurisdictions; or (iii) to ensure that all Security is Security, including any Loan Party Guarantees are fully effective and enforceable under all Applicable LawLaws.