Collateral Security and Guaranties. Each of the Parent and the Borrower covenants and agrees that:
Collateral Security and Guaranties. Payment of the Revolving Note and performance of the Borrower's obligations as set forth in this Second Extension and in the Agreement shall continue to be secured by the Security Agreement, Deed of Trust and Assignment. The Guarantors also reaffirm their guaranties of the Revolving Note and acknowledge and agree that their guaranties apply to the Revolving Note as extended and all other obligations of the Borrower to the Bank.
Collateral Security and Guaranties. The Obligations of the Borrowers shall be guaranteed equally and ratably by the Parent and each other Subsidiary (direct and indirect) of the Parent, to the extent that such other Subsidiary of the Parent is required to guaranty the obligations of the Parent under the terms of the Indentures relating to the Senior Notes. The Obligations of the Borrowers shall be secured by a perfected first priority security interest (subject only to Permitted Liens entitled to priority under applicable law) in (i) certain US Flag Vessels to the extent contemplated by the US Vessel Mortgage, and (ii) certain other assets of the Borrowers to the extent contemplated by the Security Documents; provided that, notwithstanding anything to the contrary contained in the Security Documents, the aggregate amount of Obligations of the Parent and the Borrowers which is secured pursuant to the Security Documents shall not, at any time, exceed the sum of (i) $65,000,000 plus (ii) fifteen percent (15%) of Consolidated Net Tangible Assets.
Collateral Security and Guaranties. 27 7.1. Security of Borrower. 27 7.2. Guaranties and Security of Subsidiaries. 27 7.3.
Collateral Security and Guaranties. Payment of the Revolving Note and performance of the Borrower's obligations as set forth in this Fourth Extension and in the Agreement shall continue to be secured by the Security Agreement, Deed of
Collateral Security and Guaranties. 70 9.1. Security of Borrower and Capital Stock of the Borrower. ......70 9.2.
Collateral Security and Guaranties. 25 5.1. SECURITY OF BORROWER AND ITS SUBSIDIARIES.................25 5.2. GUARANTIES AND SECURITY OF SUBSIDIARIES...................25 5.3. GUARANTY AND SECURITY OF CTI..............................25 5.4. PLEDGE OF SUBORDINATED NOTES..............................25 6.
Collateral Security and Guaranties. The Parent and the Borrowers covenant and agree as follows: The Obligations of the Borrowers shall be guaranteed equally and ratably by the Parent and each other Subsidiary (direct and indirect) of the Parent, to the extent that such other Subsidiary of the Parent is required to guaranty the Obligations in accordance with SECTION 8.14
Collateral Security and Guaranties. (a) The Obligations shall be secured by first and prior Liens (subject only to Permitted Liens described in clauses (i) through (ix) and clause (xi) of the definition thereof) covering and encumbering (i) not less than eighty percent (80%) of the Adjusted Engineered Value of the Borrowing Base Properties, (ii) all of the issued and outstanding Capital Stock of each Material Domestic Subsidiary of each Credit Party and not less than sixty-five percent (65%) of the issued and outstanding Capital Stock of each Foreign Subsidiary of each Credit Party, (iii) all partnership interests in the Related Partnerships owned by each Credit Party, to the extent permitted under the partnership agreement of each such Related Partnership, and (iv) all intercompany Indebtedness held by each Credit Party. On the Closing Date, each Credit Party shall deliver to Collateral Agent for the ratable benefit of each Lender, the Mortgages in form and substance acceptable to the Administrative Agent and duly executed by such Credit Party, together with such other assignments, conveyances, amendments, agreements and other writings, including, without limitation, UCC-1 financing statements (each duly authorized and executed, as applicable) as the Administrative Agent shall deem necessary or appropriate to grant, evidence and perfect first and prior Liens (subject only to Permitted Liens of the type described in clauses (i) through (ix) and clause (xi) of the definition thereof) in the Borrowing Base Properties and other interests of each Credit Party required by this Section 7.1(a). Each Credit Party hereby authorizes Collateral Agent, and its agents, successors and assigns, to file any and all necessary financing statements under the Uniform Commercial Code, assignments or continuation statements as necessary from time to time (in the Administrative Agent’s discretion) to perfect (or continue perfection of) the Liens granted pursuant to the Loan Documents.
Collateral Security and Guaranties. Borrower and each Guarantor hereby confirm and acknowledge that the Liens previously granted to Bank in connection with the Prior Agreement, to secure the performance of their obligations thereunder, also secure the Obligations, whether now or hereafter incurred, matured or unmatured, direct or contingent, joint or several, or joint and several, including extensions, modifications and renewals thereof, and substitutions therefor, and as such remain in force and full effect. Additionally, Borrower acknowledges that in the Prior Agreement Borrower pledged and delivered to Bank one hundred percent (100%) of the issued and outstanding shares of the capital stock of DHS Management Services, Inc. ("DHSMS") and ninety-nine percent (99%) of the issued and outstanding capital stock of Diagnostic Health Services De Mexico, S.A. de C.V., and DHSMS pledged and delivered, or caused its appropriate Subsidiary to pledge and deliver, to Bank one hundred percent (100%) of the issued and outstanding shares of the capital stock of each of its Subsidiaries (other than (i) Homecare International De Mexico, S.A. de C.V., as to which DHSMS pledged and delivered its shares thereof constituting one percent (1%) of the issued and outstanding shares thereof, and caused Diagnostic Health Services de Mexico, S.A. de C.V., to pledge and deliver shares thereof constituting ninety-nine percent (99%) (including after-acquired shares) of the issued and outstanding shares thereof, and (ii)
