Common use of After-Acquired Collateral Clause in Contracts

After-Acquired Collateral. (a) Subject to the foregoing, if property that is intended to be Collateral is acquired by the Issuer or Grantor (including property of a Person that becomes a new Collateral Grantor) that is not automatically subject to a perfected security interest under the Security Documents, then the Issuer or Grantor will provide a second lien, as applicable, over such property (or, in the case of a new Grantor, such of its property) in favor of the Collateral Agent and deliver certain certificates in respect thereof, all as and to the extent required by this Indenture or the Security Documents. (b) Notwithstanding the foregoing, opinions of counsel will not be required in connection with any additional Grantor entering into the Security Documents or to vest in the Collateral Agent a perfected security interest in after-acquired collateral owned by such Grantor. (c) The Issuer shall cause copies of any documents delivered to the Collateral Agent to be delivered to the Trustee.

After-Acquired Collateral. (a) Subject to On or following the foregoingIssue Date, if property that is intended to be Collateral is acquired by the Issuer or Grantor (including property of a Person that becomes a new Collateral Grantor) that is not automatically subject to a perfected security interest under the Security Documents, then the Issuer or Grantor will provide a second lien, as applicable, first-priority Lien over such property (or, in the case of a new Grantor, such of its property) in favor of the Collateral Agent and deliver certain certificates in respect thereof, all as and to the extent required by this the Indenture or the Security Documents. (b) Notwithstanding the foregoing, opinions of counsel will not be required in connection with any additional Grantor entering into the Security Documents or to vest in the Collateral Agent a perfected security interest in after-acquired collateral owned by such Grantor. (c) The Issuer shall cause copies of any documents delivered to the Collateral Agent to be delivered to the Trustee.

After-Acquired Collateral. (a) Subject to On or following the foregoingIssue Date, if property that is intended to be Collateral is acquired by the Issuer or Grantor (including property of a Person that becomes a new Collateral Grantor) that is not automatically subject to a perfected security interest under the Security Documents, then the Issuer or Grantor will provide a second lien, as applicable, second-priority Lien over such property (or, in the case of a new Grantor, such of its property) in favor of the Collateral Agent and deliver certain certificates in respect thereof, all as and to the extent required by this the Indenture or the Security Documents. (b) Notwithstanding the foregoing, opinions of counsel will not be required in connection with any additional Grantor entering into the Security Documents or to vest in the Collateral Agent a perfected security interest in after-acquired collateral owned by such Grantor. (c) The Issuer shall cause copies of any documents delivered to the Collateral Agent to be delivered to the Trustee.