Common use of Automobiles and Trucks Clause in Contracts

Automobiles and Trucks. The Borrower was not required to take steps necessary to perfect the security interests purported to be created by the Security Agreement in automobiles and trucks. The Collateral Agent or the Required Lenders at any time may, but shall not be required to, request that the Borrower and/or any of its Subsidiaries take any and all actions with respect to such automobiles and/or trucks necessary to create a first priority perfected lien of the Collateral Agent on any automobiles or trucks pledged pursuant to the Security Agreement.

Automobiles and Trucks. The Borrower was and its Subsidiaries were not required to take steps necessary to perfect the security interests purported to be created by the Security Agreement Agreements in automobiles and trucks. The Collateral Agent or the Required Lenders at any time may, but shall not be required to, request that the Borrower and/or any of its Subsidiaries the Subsidiary Guarantors take any and all actions with respect to such automobiles and/or trucks necessary to create a first priority perfected lien of the Collateral Agent on any automobiles or trucks pledged pursuant to the relevant Security AgreementAgreements.