Common use of Asset Transfers Clause in Contracts

Asset Transfers. (a) Each of the Company and the Subsidiary Guarantors will grant to the Collateral Agent a first priority, perfected security interest (subject to any Liens thereon which are permitted to encumber the relevant asset pursuant to Section 11.3) in all properties and assets (whether tangible or intangible) of a type that constitutes Collateral under any Security Document to which the Company or any Subsidiary Guarantor is a party which are sold, transferred, conveyed or otherwise distributed to the Company or any such Subsidiary Guarantor (including, without limitation, by way of merger or consolidation) from any Subsidiary of the Company simultaneously with the effectiveness of such sale, transfer, conveyance or other distribution.

Asset Transfers. (a) Each of the The Company and the Subsidiary Guarantors will grant to the Collateral Administrative Agent a first priority, perfected security interest (subject to any Liens thereon which are permitted to encumber the relevant asset pursuant to Section subsection 11.3) in all properties and assets (whether tangible or intangible) of a type that constitutes Collateral under (and as defined in) any Security Document Agreement or Pledge Agreement to which the Company or any Subsidiary Guarantor of its Domestic Subsidiaries is a party which are sold, transferred, conveyed or otherwise distributed to the Company or any such Subsidiary Guarantor (including, without limitation, by way of merger or consolidation) from any Subsidiary of the Company its Subsidiaries simultaneously with the effectiveness of such sale, transfer, conveyance or other distribution.

Asset Transfers. (a) Each of the The Company and the Subsidiary Guarantors will grant to the Collateral Administrative Agent a first priority, perfected security interest (subject to any Liens thereon which are permitted to encumber the relevant asset pursuant to Section 11.3subsection 14.3) in all properties and assets (whether tangible or intangible) of a type that constitutes Collateral under (and as defined in) any Security Document Agreement or Pledge Agreement to which the Company or any Subsidiary Guarantor of its Domestic Subsidiaries is a party which are sold, transferred, conveyed or otherwise distributed to the Company or any such Subsidiary Guarantor (including, without limitation, by way of merger or consolidation) from any Subsidiary of the Company its Subsidiaries simultaneously with the effectiveness of such sale, transfer, conveyance or other distribution.