Common use of Additional Security Documents Clause in Contracts

Additional Security Documents. In the event that a Grantor acquires any interest in any Collateral which is not covered by a Security Document in a manner which will perfect the Collateral Agent's Lien upon and Security Interest in such Collateral without further act or deed of the Collateral Agent, at the time such interest in such Collateral is acquired, to the extent that such Security Interest may be perfected by the execution and/or filing of a Security Document, then such Grantor shall immediately prepare, execute and deliver to the Collateral Agent such Security Documents, in form and substance similar to the Security Documents heretofore executed and delivered by the Grantors (and in form and substance acceptable to the Representatives), as are necessary to perfect the Collateral Agent's Lien upon and Security Interest in such Collateral. If the signature of the Collateral Agent is required on any such Security Document, such Grantor shall present such Security Document to the Collateral Agent for its signature, and the Collateral Agent shall execute such Security Document and shall cause the same to be filed or recorded with the public filing and/or recording offices as required or deemed advisable by the Applicable Representative to perfect or protect the Collateral Agent's Lien upon and Security Interest in such Collateral.