Common use of Agreement to Deliver Security Documents Clause in Contracts

Agreement to Deliver Security Documents. Deliver and to cause each other Guarantor and any other Person required by the Administrative Agent to deliver, to further secure the Obligations, the Cash Management Obligations and the Lender Swap Obligations, whenever requested by Administrative Agent in its sole and absolute discretion, deeds of trust, mortgages, chattel mortgages, security agreements, flood hazard certification, title searches, title insurance, financing statements and other Security Documents in form and substance satisfactory to Administrative Agent for the purpose of granting, confirming, and perfecting first and prior liens or security interests, subject only to Liens permitted under the Loan Documents, on any real or personal property now owned or hereafter acquired by such Person. In furtherance thereof, each Loan Party shall promptly notify Administrative Agent of (a) any material acquisition (whether by purchase, lease or otherwise) of property or assets by the Borrower or any Restricted Subsidiary, and (b) any individual real properties in which the Borrower or any Restricted Subsidiary has an interest (whether by acquisition, lease or otherwise) with a fair market value in excess of $1,000,000.

Agreement to Deliver Security Documents. Deliver and to cause each other Guarantor and any other Person required by the Administrative Agent to deliver, to further secure the Obligations, the Cash Management Obligations and the Lender Swap Obligations, whenever requested by Administrative Agent in its sole and absolute discretion, deeds of trust, mortgages, chattel mortgages, security agreements, flood hazard certification, title searches, title insurance, financing statements and other Security Documents in form and substance satisfactory to Administrative Agent for the purpose of granting, confirming, and perfecting first and prior liens or security interests, subject only to Liens permitted under the Loan Documents, on any real or personal property now owned or hereafter acquired by such Person. In furtherance thereof, each Loan Party shall promptly notify Administrative Agent of (a) any material acquisition (whether by purchase, lease or otherwise) of property or assets by the Borrower or any Restricted Subsidiary, and (b) any individual real properties in which the Borrower or any Restricted Subsidiary has an interest (whether by acquisition, lease or otherwise) with a fair market value in excess of $1,000,000.. 76 [AMENDED AND RESTATED CREDIT AGREEMENT]

Agreement to Deliver Security Documents. Deliver and to cause each other Guarantor and any other Person required by the Administrative Agent to deliver, to further secure the Obligations, the Cash Management Obligations and the Lender Swap Obligations, whenever requested by Administrative Agent in its sole and absolute discretion, deeds of trust, mortgages, chattel mortgages, security agreements, flood hazard certification, title searches, title insurance, financing statements and other Security Documents in form and substance satisfactory to Administrative Agent for the purpose of granting, confirming, and perfecting first and prior liens or security interests, subject only to Liens permitted under the Loan Documents, on any real or personal property now owned or hereafter acquired by such Person. In furtherance thereof, each Loan Party shall promptly notify Administrative Agent of (a) any material acquisition (whether by purchase, lease or otherwise) of property or assets by the Borrower or any Restricted Subsidiary, and (b) any individual real properties in which the Borrower or any Restricted Subsidiary has an interest (whether by acquisition, lease or otherwise) with a fair market value in excess of $1,000,000.. 73 [SEMGROUP ENERGY PARTNERS CREDIT AGREEMENT]