Common use of Additional Security; Further Assurances Clause in Contracts

Additional Security; Further Assurances. (a) Each Loan Agreement Party will, and will cause each of the other Loan Parties to, grant to the Collateral Agent for the benefit of the Secured Creditors security interests and Mortgages in such assets and properties of such Loan Agreement Party and such other Loan Parties as are not covered by the original Security Documents and as may be reasonably requested from time to time by the Administrative Agent or the Requisite Lenders (collectively, the “Additional Security Documents”). All such security interests and Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and shall constitute valid and enforceable perfected security interests and Mortgages superior to and prior to the rights of all third Persons and subject to no other Liens except for Permitted Liens. The Additional Security Documents or instruments related thereto shall have been duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Security Documents and all taxes, fees and other charges payable in connection therewith shall have been paid in full.

Appears in 1 contract

Samples: Credit Agreement (Intertape Woven Products Services S.A. De C.V.)

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Additional Security; Further Assurances. (a) Each Loan Agreement Party The Parent Guarantors and the Borrower will, and will cause each of the other Loan Parties their respective Subsidiaries to, grant to the Collateral Agent Agent, for the benefit of the Secured Creditors Lenders, security interests and Mortgages mortgages in such assets and properties of such Loan Agreement Party and such other Loan Parties the Nexstar Entities as are not covered by the original Security Documents Documents, and as may be reasonably requested from time to time by the Administrative Agent or the Requisite Majority Lenders (collectively, the “Additional Security Documents”). All such security interests and Mortgages mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and the Borrower and shall constitute valid and enforceable perfected security interests and Mortgages mortgages superior to and prior to the rights of all third Persons and shall be subject to no other Liens except for Permitted Liens. The Additional Security Documents or instruments related thereto shall have been be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Security Documents and all taxes, fees and other charges payable in connection therewith shall have been be paid in full.

Appears in 1 contract

Samples: Credit Agreement (Nexstar Broadcasting Group Inc)

Additional Security; Further Assurances. (a) Each Loan Agreement Party Holdings will, and --------------------------------------- will cause each of its Domestic Subsidiaries (and to the other Loan Parties extent that Section 7.13 is operative, each of its Foreign Subsidiaries) to, grant to the Collateral Agent for the benefit of the Secured Creditors security interests and Mortgages mortgages in such assets and properties of such Loan Agreement Party Holdings and such other Loan Parties its Subsidiaries as are not covered by the original Security Documents Documents, and as may be reasonably requested from time to time by the Administrative Agent or the Requisite Lenders Required Banks (collectively, the "Additional Security Documents"). All such security interests and Mortgages mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and shall constitute valid and enforceable perfected security interests and Mortgages mortgages superior to and prior to the rights of all third Persons and subject to no other Liens except for Permitted Liens. The Additional Security Documents or instruments related thereto shall have been duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Security Documents and all taxes, fees and other charges payable in connection therewith shall have been paid in full.

Appears in 1 contract

Samples: Credit Agreement (Nutraceutical International Corp)

Additional Security; Further Assurances. (a) Each Loan Agreement Party Holdings will, --------------------------------------- and will cause each of the other Loan Parties its Domestic Subsidiaries (and subject to Section 7.14, each of its Foreign Subsidiaries) to, grant to the Collateral Agent for the benefit of the Secured Creditors security interests and Mortgages mortgages in such assets and properties of such Loan Agreement Party Holdings and such other Loan Parties its Subsidiaries as are not covered by the original Security Documents Documents, and as may be reasonably requested from time to time by the Administrative Agent or the Requisite Lenders Required Banks (collectively, the "Additional Security Documents"). All such security interests and Mortgages mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and shall constitute valid and enforceable perfected security interests and Mortgages mortgages superior to and prior to the rights of all third Persons and subject to no other Liens except for Permitted Liens. The Additional Security Documents or instruments related thereto shall have been duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Security Documents and all taxes, fees and other charges payable in connection therewith shall have been paid in full.

Appears in 1 contract

Samples: Credit Agreement (Cambridge Industries Inc /De)

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Additional Security; Further Assurances. (a) Each Loan Agreement Party Holdings will, --------------------------------------- and will cause each of the other Loan Parties its Domestic Subsidiaries (and subject to Section 7.13, each of its Foreign Subsidiaries) to, grant to the Collateral Agent for the benefit of the Secured Creditors security interests and Mortgages mortgages in such assets and properties of such Loan Agreement Party Holdings and such other Loan Parties its Subsidiaries as are not covered by the original Security Documents Documents, and as may be reasonably requested from time to time by the Administrative Agent or the Requisite Lenders Required Banks (collectively, the "Additional Security Documents"). All such security interests and Mortgages mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and shall constitute valid and enforceable perfected security interests and Mortgages mortgages superior to and prior to the rights of all third Persons and subject to no other Liens except for Permitted Liens. The Additional Security Documents or instruments related thereto shall have been duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the Liens in favor of the Collateral Agent required to be granted pursuant to the Additional Security Documents and all taxes, fees and other charges payable in connection therewith shall have been paid in full.

Appears in 1 contract

Samples: Credit Agreement (Collins & Aikman Floor Coverings Inc)

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