Common use of Collateral Identification, Special Collateral Clause in Contracts

Collateral Identification, Special Collateral. (a) In the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof, it shall notify the Collateral Agent thereof in writing in accordance with Section 4.5 hereof and take such actions and execute such documents and make such filings all at such Grantor’s expense as the Collateral Agent may reasonably request to the extent that such actions, execution of documents and/or filings are otherwise required under Article 4 hereof in order to ensure that the Collateral Agent has a valid, perfected, first priority security interest in such Collateral, subject in the case of priority only, to any Permitted Liens. Notwithstanding the foregoing, no Grantor shall be required to notify the Collateral Agent or take any such action unless such Collateral is of a material value or is material to such Grantor’s business. (b) in the event that it hereafter acquires or has any Commercial Tort Claim it shall deliver to the Collateral Agent a completed Pledge Supplement together with all supplements to Schedules thereto, identifying such new Commercial Tort Claims.

Collateral Identification, Special Collateral. (a) In the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof, it shall notify the Collateral Agent thereof in writing in accordance with Section 4.5 hereof and take such actions and execute such documents and make such filings all at such Grantor’s expense as the Collateral Agent may reasonably request to the extent that such actions, execution of documents and/or filings are otherwise required under Article 4 hereof in order to ensure that the Collateral Agent has a valid, perfected, first priority security interest in such Collateral, subject in the case of priority only, to any Permitted Liens. Notwithstanding the foregoing, no Grantor shall be required to notify the Collateral Agent or take any such action unless such Collateral is of a material value or is material to such Grantor’s business. (b) in the event that it hereafter acquires or has any Commercial Tort Claim it shall deliver to the Collateral Agent a completed Pledge Supplement together with all supplements to Schedules thereto, identifying such new Commercial Tort Claims.

Collateral Identification, Special Collateral. (a) In the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof, it shall notify the Collateral Agent thereof in writing in accordance with Section 4.5 hereof and take such actions and execute such documents and make such filings all at such Grantor’s expense as the Collateral Agent may reasonably request to the extent that such actions, execution of documents and/or filings are otherwise required under Article 4 hereof in order to ensure that the Collateral Agent has a valid, perfected, first priority perfected security interest in such Collateral, subject in the case of priority only, to any Permitted Liens. Notwithstanding the foregoing, no Grantor shall be required to notify the Collateral Agent or take any such action unless such Collateral is of a material value or is material to such Grantor’s business. (b) in the event that it hereafter acquires or has any Commercial Tort Claim it shall deliver to the Collateral Agent a completed Pledge Supplement together with all supplements to Schedules thereto, identifying such new Commercial Tort Claims.

Collateral Identification, Special Collateral. (a) In the event that it hereafter acquires any Collateral of a type described in Section 5.2(b) hereof, it shall promptly notify the there Collateral Agent Trustee thereof in writing in accordance with Section 4.5 hereof and take such actions and execute such documents and make such filings all at such Grantor’s expense as the Collateral Agent Trustee may reasonably request to the extent that such actions, execution of documents and/or filings are otherwise required under Article 4 hereof in order to ensure that the Collateral Agent Trustee has a valid, perfected, first priority security interest in such Collateral, subject in the case of priority only, to any Permitted Liens. Notwithstanding the foregoing, no Grantor shall be required to notify the Collateral Agent Trustee or take any such action unless such Collateral is of a material value or is material to such Grantor’s business. (b) in In the event that it hereafter acquires or has any Commercial Tort Claim Claim, it shall deliver to the Collateral Agent Trustee a completed Pledge Supplement Supplement, substantially in the form of Exhibit A attached hereto, together with all supplements Supplements to Schedules thereto, identifying such new Commercial Tort Claims.