Collateral and Guaranty Requirements. On or prior to the Delivery Date, the Collateral and Guaranty Requirements with respect to the Vessel shall have been satisfied or the Facility Agent shall have waived such requirements (other than the Specified Requirements) and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.
Collateral and Guaranty Requirements. On or prior to the first Initial Borrowing Date, the Collateral and Guaranty Requirements with respect to the Collateral Vessel shall have been satisfied or the Facility Agent shall have waived such requirements and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.
Collateral and Guaranty Requirements. Subject to the Agreed Security Principles:
(a) If (x) the Company forms or acquires any Restricted Subsidiary after the Effective Date that is not an Excluded Subsidiary or (y) any existing Restricted Subsidiary that was an Excluded Subsidiary ceases to be an Excluded Subsidiary (including by becoming a Discretionary Guarantor), then the Borrower will promptly notify the Administrative Agent thereof and within thirty (30) days (provided that such initial 30-day period shall be automatically extended by an additional thirty (30) days at the expiration thereof if the Borrower is diligently pursuing the applicable steps required by this Section 6.12(a)) (or such longer period as consented to by the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed)) after such Restricted Subsidiary is formed or acquired (in the case of clause (x) above) or ceases to be an Excluded Subsidiary (in the case of clause (y) above):
(i) cause such Restricted Subsidiary to become a Guarantor hereunder and under the other Credit Documents and duly authorize, execute and deliver to the applicable Agent joinders to the Guarantee Agreement, U.S. Collateral Agreement and any other applicable Collateral Documents to the extent such Restricted Subsidiary is not already a party thereto;
(ii) pledge all of the Equity Interests of such Restricted Subsidiary that are owned by any Credit Party (and deliver the original stock certificates, if any, evidencing the Equity Interests of such Subsidiary, together with an appropriate undated stock power for each certificate duly executed in blank by the registered owner thereof);
(iii) cause such Restricted Subsidiary to take such actions to create, grant, establish, preserve and perfect Liens in favor of the applicable Agent on all property of such Restricted Subsidiary;
(iv) execute and deliver such other additional documents and certificates as shall reasonably be requested by the Administrative Agent or the Common Security Agent (and, to the extent relating to the Collateral, to the extent required pursuant to the Agreed Security Principles); and
(v) in the case of any Required Guarantor, deliver (or cause to be delivered), if requested by the Administrative Agent or the Common Security Agent, a customary legal opinion of counsel, with respect to the matters described in clauses (i) through (iv) of this Section 6.12(a), in each case in form and substance reasonably satisfactory to the Administrative Agent and...
Collateral and Guaranty Requirements. On or prior to the Closing Date, the Collateral and Guaranty Requirements with respect to each Credit Party and each Collateral Vessel shall be satisfied.
Collateral and Guaranty Requirements. The Collateral and Guaranty Requirements that are required to be satisfied upon and after the Zonda Mortgage Date pursuant to the definition of “Collateral and Guaranty Requirements”, including the due authorization, execution and delivery to the Collateral Agent of the Collateral Rig Mortgage(s) with respect to the Collateral Rig, shall have been satisfied, and each Credit Document required to be entered into pursuant to such definition shall be in full force and effect.
Collateral and Guaranty Requirements. (i) To the extent required to be satisfied on or prior to the Restatement Effective Date, the Collateral and Guaranty Requirements shall have been satisfied and evidence reasonably satisfactory to the Administrative Agent that the Liens indicated by the results of a search of each system that is, or is similar to, the UCC that filings made with respect to the Obligors in the jurisdictions contemplated by the applicable Perfection Certificate and copies of the financing statements (or similar documents) disclosed by such search (in each case to the extent such searches and copies are made available to such Obligors) are Permitted Liens or shall have been terminated and released or provisions satisfactory to the Administrative Agent for such termination and release shall have been made and (ii) the Administrative Agent shall have received from each Obligor the relevant completed Perfection Certificates (together with all attachments contemplated thereby) dated the Restatement Effective Date, in each case, signed by an Authorized Officer of such Obligor.
Collateral and Guaranty Requirements. The Collateral and Guaranty Requirements shall have been satisfied, and each Credit Document shall be in full force and effect, or the Administrative Agent shall have waived such requirements and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.
Collateral and Guaranty Requirements. The Collateral and Guaranty Requirements with respect to each Collateral Rig shall have been satisfied or waived by the Administrative Agent and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time, it being understood that the Administrative Agent shall not waive the condition set forth in Section 4.2(f);
Collateral and Guaranty Requirements. On or prior to the Closing Date, the Collateral and Guaranty Requirements shall be satisfied or the Facility Agent shall have waived such requirements and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.
Collateral and Guaranty Requirements. Except to the extent provided in Schedule 6.10, (i) the Collateral and Guaranty Requirements shall have been satisfied and evidence reasonably satisfactory to the Administrative Agent that the Liens indicated by the results of a search of each system that is, or is similar to, the UCC that filings made with respect to the Credit Parties in the jurisdictions contemplated by the applicable Perfection Certificate and copies of the financing statements (or similar documents) disclosed by such search (in each case to the extent such searches and copies are made available to such Credit Party) are Permitted Liens or shall have been terminated and released or provisions satisfactory to the Administrative Agent for such termination and release shall have been made and (ii) the Administrative Agent shall have received from each Credit Party the relevant completed Perfection Certificates (together with all attachments contemplated thereby) dated the Effective Date, in each case, signed by, in the case of Holdings and each Credit Party, an Authorized Officer of such Credit Party or other Authorized Officer familiar with the applicable subject matter of such Credit Party.
