Cooperation of Trustee. In the event the Issuers or any Subsidiary Guarantor pledges or grants a security interest in additional Collateral, the Trustee shall cooperate with the Issuers or such Subsidiary Guarantor in reasonably and promptly agreeing to the form of, and executing as required, any instruments or documents necessary to make effective the security interest in the Collateral to be so substituted or pledged. To the extent practicable, the terms of any security agreement or other instrument or document necessitated by any such substitution or pledge shall be comparable to the provisions of the existing Collateral Documents. Subject to, and in accordance with, the requirements of this Article Eleven and the terms of the Collateral Documents, in the event that the Issuer or any Subsidiary Guarantor engages in any transaction pursuant to Section 11.03 hereof, the Trustee shall cooperate with the Issuer or such Subsidiary Guarantor in order to facilitate such transaction in accordance with any reasonable time schedule proposed by the Issuers, including by delivering and releasing the Collateral in a prompt and reasonable manner.
Appears in 4 contracts
Samples: Indenture (Circus & Eldorado Joint Venture), Indenture (Circus & Eldorado Joint Venture), Indenture (Circus & Eldorado Joint Venture)
Cooperation of Trustee. In the event the Issuers or any Subsidiary Guarantor pledges or grants to the Trustee a security interest in additional Collateral, the Trustee shall cooperate with the Issuers or such Subsidiary Guarantor in reasonably and promptly agreeing to the form of, and executing as required, any instruments or documents necessary to make effective the security interest in the Collateral to be so substituted or pledged. To the extent practicable, the terms of any security agreement or other instrument or document necessitated by any such substitution or pledge shall be comparable to the provisions of the existing relevant Collateral Documents. Subject to, and in accordance with, the requirements of this Article Eleven 10 and the terms of the Collateral Documents, in the event that the Issuer Issuers or any Subsidiary Guarantor engages in any transaction pursuant to Section 11.03 hereof10.3, the Trustee and the Collateral Agent, subject to the provisions of Sections 10.3 and 10.5, shall cooperate with the Issuer Issuers or such Subsidiary Guarantor in order to facilitate such transaction in accordance with any reasonable time schedule proposed by the Issuers, including by delivering and releasing the Collateral in a prompt and reasonable manner.
Appears in 3 contracts
Samples: Indenture (Superior Essex Inc), Indenture (Essex Group Inc), Indenture (Superior Telecommunications Inc)