Additional Security Interests. Until such time as the First Lien Obligations have been unconditionally and irrevocably repaid in full in cash and the commitments under the Credit Facilities have been terminated and cancelled, no Borrower nor any Material Subsidiary shall grant or permit any additional Security Interests on any of its property, assets or undertaking to secure any Second Lien Obligations unless it has granted, or concurrently therewith grants, a senior Security Interest on such assets, property or undertaking to secure the First Lien Obligations.
Additional Security Interests. The Agreement and the pledge under the Agreement constitute the supplement to any other security interests currently held or to be held by the Security Agent, and shall not, in any way, be affected by other such security interests.
Additional Security Interests. Without prejudice to the generality of Clause 8.1 (General Assurance), the Assignor shall, at its own cost, promptly execute and deliver to the Security Trustee in such form as the Security Trustee may require such other Security Interests over such of the Assigned Assets as shall be required by the Security Trustee (whether generally or specifically, and whether for the purpose of obtaining legal title to the relevant Assigned Assets, creating Security Interests which is effective under the laws of a foreign jurisdiction, or otherwise).
Additional Security Interests. Pledgor agrees that it will not (i) sell or otherwise dispose of, or grant any option with respect to, any of the Shares, (ii) create or permit to exist any security interest upon or with respect to any of the Shares, except for the security interest created by this Agreement, or (iii) enter into any other contractual obligations which may restrict or inhibit Pledgee's right or ability to sell or otherwise dispose of the Shares or any part thereof after the occurrence of a Default hereunder.
Additional Security Interests. The Security Interest constituted by this Instrument is added to, and does not impair the additional Security Interests held now or in the future by the Bank with reference to the Guaranteed Obligations.
Additional Security Interests. This security interest in the Intellectual Property Collateral is granted in conjunction with the security interest granted to Lender under the Security Agreement and/or other Loan Documents. The rights and remedies of Lender with respect to the security interest in the Intellectual Property Collateral are in addition to those set forth in the Loan Documents, and those which are now or hereafter available to Lender as a matter of law or equity. Each right, power, and remedy of Lender provided for herein or in the Loan Documents, or now or hereafter existing at law or in equity, shall be cumulative and concurrent and shall be in addition to every right, power, or remedy provided for herein and the exercise by Lender of any one or more of the rights, powers, or remedies provided for in this Intellectual Property Security Agreement, or any of the other Loan Documents, or now or hereafter existing at law or in equity, shall not preclude the concurrent or later exercise by any person or entity, including Lender, of any or all other rights, powers, or remedies.
Additional Security Interests. Seller agrees that if any Inactive Organization begins to conduct any business Seller shall pledge all of its interest in such Inactive Organization to secure the Notes by (i) executing a security agreement substantially in the form of that certain Borrower Security Agreement dated as of June 5, 1997, as amended on October 10, 1997, and on the date hereof and (ii) delivering all certificates representing the shares of stock being pledged, before such Inactive Organization commences doing business.
Additional Security Interests. In the event that Xxxxx Fargo is the counterparty to any Swap Contract, then Borrower hereby grants and assigns to Administrative Agent, for the benefit of Xxxxx Fargo, a security interest, to secure payment and performance of all obligations, in all of Borrower’s right, title and interest, now or hereafter acquired, to the payment of money from Xxxxx Fargo to Borrower under any swap, derivative, foreign exchange or hedge transaction or arrangement (or similar transaction or arrangement howsoever described or defined) at any time entered into between Borrower and Xxxxx Fargo in connection with the Loan, including, without limitation, any Swap Contract. In the event that a party other than Xxxxx Fargo is the counterparty to a Swap Contract (a “Counterparty”), then (i) such Counterparty shall be approved by Administrative Agent in its sole discretion as set forth in the definition of “Swap Contract” herein and (ii) upon the execution of any such Swap Contract and as a condition to the execution thereto, Borrower and, as applicable, Xxxxx Fargo or Counterparty shall be required to enter into a collateral assignment of such Swap Contract in form acceptable to Administrative Agent.
Additional Security Interests. (a) The Credit Parties shall use their best efforts to satisfy, not later than 90 days after the Effective Date, the requirements of Sections 5.1(e) and (f) with respect to any personal or mixed property of any Restricted Subsidiary or Subsidiary of CML not delivered at closing or Real Property Asset any Restricted Subsidiary or Subsidiary of CML, including, without limitation, delivery of a Pledge of 65% of the shares of Sylvania.
(b) Any agreement by which any of the Sylvania Companies guaranty the Obligations here under or become Special Credit Parties or grant liens of any nature to the Administrative Agent shall specifically provide that such Obligations undertaken or secured exclude the Obligations arising from the Sylvania Acquisition Loan.
(c) As soon as possible, the Restricted Subsidiaries and Unrestricted Subsidiaries, where permitted under local law, shall amend their charters to provide that they will not undertake any additional debt for borrowed money without the consent of the Administrative Agent unless their board of directors or other equivalent governing body determines that such additional debt is in the best interest of such Restricted Subsidiary or Unrestricted Subsidiary and the Administrative Agent declines or cannot under the terms of this Agreement make a Loan to such Restricted Subsidiary or Unrestricted Subsidiary.
(d) Any Special Credit Party shall not be required under any Loan to agree to repay anything more than the actual Loan or Loans made to such Special Credit Party or secure more than such specific Loan if in the reasonable judgment of the Administrative Agent, such Special Credit Party's undertaking or securing additional Obligations would (i) cause such Special Credit Party to violate Section 6.15(b), (ii) violate the law of the jurisdiction governing such Special Credit Party or (iii) could reasonably render any Obligation undertaken or security granted void or voidable or might subordinate the Obligations of such Special Credit Party to the Lenders to the obligations due any other Person. Notwithstanding the foregoing no Sylvania Company shall guaranty, provide Collateral to secure or in any way be obligated for, the Sylvania Acquisition Loan.
Additional Security Interests. If at any time the Lender so requests, execute and deliver all such security agreements and other documents and instruments as the Lender may reasonably request to create in favour of, or for the benefit of, the Lender secured guarantees by the Borrower's Subsidiaries of the Borrower's obligations hereunder (provided that security interests shall be granted only in the type of collateral in which security interests are granted by the Borrower on the date hereof), and further deliver such favourable opinions of counsel, and do such other acts and things as the Lender may reasonably request in connection with such guarantees and the creation and perfection of such Liens;
