Common use of Execution of Subsidiary Guaranty and Personal Property Collateral Documents Clause in Contracts

Execution of Subsidiary Guaranty and Personal Property Collateral Documents. If any Person becomes a Subsidiary of Borrower after the date hereof, Borrower will promptly notify Administrative Agent of that fact and cause such Subsidiary, if a domestic Subsidiary, to execute and deliver to Administrative Agent a counterpart of the Subsidiary Guaranty and Security Agreement and to take all such further actions and execute all such further documents and instruments (including actions, documents and instruments comparable to those described in subsection 4.1G) as may be necessary or, in the opinion of Administrative Agent, desirable to create in favor of Administrative Agent, for the benefit of Lenders, a valid First Priority Lien on all of the personal and mixed property assets of such Subsidiary described in the applicable forms of Collateral Documents.

Execution of Subsidiary Guaranty and Personal Property Collateral Documents. If In the event that any Person becomes a Subsidiary of Borrower on or after the date hereof, Borrower Borrowers will promptly notify Administrative Agent of that fact and cause such Subsidiary, if a domestic Subsidiary, Subsidiary to execute and deliver to Administrative Agent a counterpart of the Subsidiary Guaranty and a Subsidiary Security Agreement and to take all such further actions and execute all such further documents and instruments (including actions, documents and instruments comparable to those described in subsection 4.1G4.1C) as may be necessary or, in the reasonable opinion of Administrative Agent, desirable to create in favor of Administrative Agent, for the benefit of Lenders, a valid and perfected First Priority Lien on all of the personal and mixed property assets of such Subsidiary described in which constitute First Priority Collateral and a valid and perfected second priority lien on all of the applicable forms personal and mixed property assets of Collateral Documentssuch Subsidiary which constitute Mall Collateral.

Execution of Subsidiary Guaranty and Personal Property Collateral Documents. If In the event that any Person becomes a Subsidiary of Borrower after the date hereof, Borrower will promptly notify Administrative Agent of that fact and cause such Subsidiary, if a domestic Subsidiary, Subsidiary to execute and deliver to Administrative Agent a counterpart of the Subsidiary Guaranty and a Subsidiary Pledge Agreement, a Subsidiary Security Agreement, a Subsidiary Trademark Security Agreement and a Subsidiary Patent Security Agreement and to take all such further actions and execute all such further documents and instruments (including actions, documents and instruments comparable to those described in subsection 4.1G) as may be necessary or, in the opinion of Administrative Agent, desirable to create in favor of Administrative Agent, for the benefit of Lenders, a valid and perfected First Priority Lien on all of the personal and mixed property assets of such Subsidiary described in the applicable forms of Collateral Documents.. Such actions shall include, without limitation, the following:

Execution of Subsidiary Guaranty and Personal Property Collateral Documents. If In the event that any Person becomes a Domestic Subsidiary of Borrower Company after the date hereof, Borrower Company will promptly notify Administrative Collateral Agent of that fact and cause such Subsidiary, if a domestic Subsidiary, Subsidiary to execute and deliver to Administrative Collateral Agent a counterpart of the Subsidiary Guaranty and a Subsidiary Pledge Agreement and a Subsidiary Security Agreement and to take all such further actions and execute all such further documents and instruments (including actions, documents and instruments comparable to those described in subsection 4.1G4.1 D) as may be necessary or, in the reasonable opinion of Administrative AgentAgents, desirable to create in favor of Administrative Collateral Agent, for the benefit of Lenders, a valid and perfected First Priority Lien on all of the personal and mixed property assets of such Domestic Subsidiary described in the applicable forms of Domestic Collateral Documents.