Common use of Collateral; Further Assurances Clause in Contracts

Collateral; Further Assurances. (a) The Company shall take all actions necessary to insure that the Collateral Agent, on behalf of the Secured Parties (or in the case of Real Property Collateral, the Trustee named in the Deeds of Trust, for the benefit of the Collateral Agent and the other Secured Parties), has and continues to have in all relevant jurisdictions duly and validly created, attached and enforceable Liens on the Collateral, including perfected first-priority Liens on Collateral constituting UCC Collateral or Real Property Collateral, in each case, to the extent required under the Security Documents (including, in accordance with clauses (c) and (d) of this Section 9.7, after-acquired Collateral), subject to no Liens other than Permitted Liens. The Company shall cause the Obligations to constitute direct senior secured obligations of the Company and to be senior in right of payment and to rank senior in right of security (other than Permitted Liens) with respect to Collateral granted in the Security Documents to all other Indebtedness of the Company (other than Permitted Secured Indebtedness, with which it shall be pari passu in accordance with the terms of the Collateral Agency Agreement).

Collateral; Further Assurances. (a) The Company Borrower shall take all actions necessary to insure ensure that the Collateral Agent, on behalf of the Secured Parties (or in the case of Real Property Collateral, the Trustee named in the Deeds of Trust, for the benefit of the Collateral Agent and the other Secured Parties), has and continues to have in all relevant jurisdictions duly and validly created, attached attached, perfected and enforceable Liens on the Collateral, including perfected first-priority Liens on the Collateral constituting UCC Collateral or and Real Property Collateral, in each case, to the extent required under the Security Documents (including, in accordance with clauses (c) and (d) of this Section 9.77.9, after-acquired Collateral), subject to no Liens other than Permitted LiensLiens and rights of holders of Permitted Secured Indebtedness in compliance with the Collateral Agency Agreement. The Company Borrower shall cause the Obligations to constitute direct senior secured obligations of the Company Borrower and to be senior in right of payment and to rank senior in right of security (other than Permitted Liens) with respect to Collateral granted in the Security Documents to all other Indebtedness of the Company Borrower (other than Permitted Secured Indebtedness, with which it shall be pari passu in accordance with the terms of the Collateral Agency Agreement).

Collateral; Further Assurances. (a) The Company shall take all actions necessary to insure that the Collateral Agent, on behalf of the Secured Parties (or in the case of Real Property Collateral, the Sharyland Distribution & Transmission Services, L.L.C. Note Purchase Agreement Trustee named in the Deeds of Trust, for the benefit of the Collateral Agent and the other Secured Parties), has and continues to have in all relevant jurisdictions duly and validly created, attached and enforceable first priority Liens on the Collateral, including perfected first-priority Liens (subject to Permitted Liens) on Collateral constituting UCC Collateral or Real Property Collateral, in each case, Collateral to the extent required under the Security Documents (including, in accordance with clauses (c) and (d) of this Section 9.7, after-acquired Collateral), subject to no Liens other than Permitted Liens. The Company shall cause the Obligations to constitute direct senior secured obligations of the Company and to be senior in right of payment and to rank senior in right of security (other than Permitted Liens) with respect to Collateral granted in the Security Documents to all other Indebtedness of the Company (other than Permitted Secured Indebtedness, with which it shall be pari passu in accordance with the terms of the Collateral Agency Agreement).

Collateral; Further Assurances. (a) The Company Borrower shall take all actions necessary to insure ensure that the Collateral Agent, on behalf of the Secured Parties (or in the case of Real Property Collateral, the Trustee named in the Deeds of Trust, for the benefit of the Collateral Agent and the other Secured Parties), has and continues to have in all relevant jurisdictions duly and validly created, attached attached, perfected and enforceable first- priority Liens on the Collateral, including perfected first-priority Liens on Collateral constituting UCC Collateral or and Real Property Collateral, in each case, to the extent required under the Security Documents (including, in accordance with clauses (c) and (d) of this Section 9.77.9, after-acquired Collateral), subject to no Liens other than Permitted LiensLiens and rights of holders of Permitted Secured Indebtedness in compliance with the Collateral Agency Agreement. The Company Borrower shall cause the Obligations to constitute direct senior secured obligations of the Company Borrower and to be senior in right of payment and to rank senior in right of security (other than Permitted Liens) with respect to Collateral granted in the Security Documents to all other Indebtedness of the Company Borrower (other than Permitted Secured Indebtedness, with which it shall be pari passu in accordance with the terms of the Collateral Agency Agreement).

Collateral; Further Assurances. (a) The Company shall take all actions necessary to insure that the Collateral Agent, on behalf of the Secured Parties (or in the case of Real Property Collateral, the Trustee named in the Deeds of Trust, for the benefit of the Collateral Agent and the other Secured Parties), has and continues to have in all relevant jurisdictions duly and validly created, attached and enforceable Liens on the Collateral, including perfected first-priority Liens on Collateral constituting UCC Collateral or Real Property Collateral, in each case, to the extent required under the Security Documents (including, in accordance with clauses (c) and (d) of this Section 9.7, after-acquired Collateral), subject to no Liens other than Permitted Liens. The Company shall cause the Obligations to constitute direct ANNEX A-22 (Amended and Restated Note Purchase Agreement) senior secured obligations of the Company and to be senior in right of payment and to rank senior in right of security (other than Permitted Liens) with respect to Collateral granted in the Security Documents to all other Indebtedness of the Company (other than Permitted Secured Indebtedness, with which it shall be pari passu in accordance with the terms of the Collateral Agency Agreement).

Collateral; Further Assurances. (a) The Company Borrower shall take all actions necessary to insure that the Collateral Agent, on behalf of the Secured Parties (or in the case of Real Property CollateralAdministrative Agent, the Trustee named in L/C Issuer, and the Deeds of Trust, for Lenders or the benefit Administrative Agent on behalf of the Collateral Agent L/C Issuer and the other Secured Parties)Lenders, as applicable, has and continues to have in all relevant jurisdictions duly and validly created, attached attached, perfected and enforceable Liens on the Collateral, including perfected first-priority Liens on the Collateral constituting UCC Collateral or Real Property Collateralreal property, in each case, case to the extent required under the Security Documents (including, in accordance with clauses (c) and (d) of this Section 9.7, after-acquired Collateral)Documents, subject to no Liens other than Permitted LiensLiens and rights of holders of Permitted Secured Indebtedness in compliance with the Collateral Agency Agreement. The Company Borrower shall cause the Obligations to constitute direct senior secured obligations of the Company and to be senior in right of payment Borrower and to rank senior in right of security (other than Permitted Liens) with respect to Collateral granted in the Security Documents to all other Indebtedness of the Company Borrower (other than Permitted Secured Indebtedness, Indebtedness with which it shall be rank pari passu in accordance with the terms right of the Collateral Agency Agreementsecurity).

Collateral; Further Assurances. (a) The Company shall take all actions necessary to insure that the Collateral Agent, on behalf of the Secured Parties (or in the case of Real Property Collateral, the Trustee named in the Deeds of Trust, for the benefit of the Collateral Agent and the other Secured Parties), has and continues to have in all relevant jurisdictions duly and validly created, attached and enforceable first priority Liens on the Collateral, including perfected first-priority Liens (subject to Permitted Liens) on Collateral constituting UCC Collateral or Real Property Collateral, in each case, Collateral to the extent required under the Security Documents (including, in accordance with clauses (c) and (d) of this Section 9.7, after-acquired Collateral), subject to no Liens other than Permitted Liens. The Company shall cause the Obligations to constitute direct senior secured obligations of the Company and to be senior in right of payment and to rank senior in right of security (other than Permitted Liens) with respect to Collateral granted in the Security Documents to all other Indebtedness of the Company (other than Permitted Secured Indebtedness, with which it shall be pari pani passu in accordance with the terms of the Collateral Agency Agreement).