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 Subsidiary of Borrower existing on the RestatementFourth Amendment Effective Date that has not previously executed the Subsidiary Guaranty hereafter becomes a Restricted Subsidiary, or if any Person becomes a Restricted Subsidiary after the date hereofFourth Amendment Effective Date, Borrower will (i) promptly notify Administrative Agent of that fact, (ii) cause such Restricted Subsidiary to execute and deliver to Administrative Agent a counterpart of the Subsidiary Guaranty, the Environmental Indemnity Agreement and the Security Agreement and (iii) 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 4.114.1L) 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 Restricted Subsidiary described in the applicable forms of Collateral Documents.

Execution of Subsidiary Guaranty and Personal Property Collateral Documents. If any Subsidiary of Borrower existing on In the RestatementFourth Amendment Effective Date event that has not previously executed the Subsidiary Guaranty hereafter becomes a Restricted Subsidiary, or if any Person becomes a Restricted Subsidiary of Holdings (other than a Permitted Joint Venture) after the date hereofFourth Amendment Effective Datehereof, Borrower Company will (i) promptly notify Administrative Agent of that fact, (ii) fact and cause such Restricted Subsidiary to execute and deliver to Administrative Agent a counterpart of the Subsidiary Guaranty, the Environmental Indemnity Guaranty and a Subsidiary Pledge Agreement and the a Subsidiary Security Agreement (or in the case of a License Subsidiary, a guaranty and (iiisecurity agreement substantially in the forms of the License Co. Guaranty and License Co. Security Agreement, respectively) 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 4.114.1L4.1D) 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 Restricted Subsidiary described in the applicable forms of Collateral Documents.

Execution of Subsidiary Guaranty and Personal Property Collateral Documents. If In the event that any Domestic Subsidiary which is an Excluded Subsidiary as of Borrower existing on the RestatementFourth Amendment Effective Date that has not previously executed the ceases to be an Excluded Subsidiary Guaranty hereafter becomes a Restricted Subsidiary, or if any Person becomes a Restricted Domestic Subsidiary of Company after the date hereofFourth Amendment Effective Datehereof, Borrower Company will (i) promptly notify Administrative Agent of that fact, (ii) fact and cause such Restricted Subsidiary to execute and deliver to Administrative Collateral Agent a counterpart counterparts of the Subsidiary Guaranty, Subsidiary Pledge Agreement, Subsidiary Security Agreement, Supplement to the Environmental Indemnity Agreement Subsidiary Security Agreement, Subsidiary Patent and the Trademark Security Agreement and (iii) Supplement to the Subsidiary Patent and Trademark 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 4.114.1L4.2H) as may be reasonably necessary or, in the reasonable opinion of Administrative Agent, 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 Restricted Subsidiary described in the applicable forms of Collateral Documents.

Execution of Subsidiary Guaranty and Personal Property Collateral Documents. If by Subsidiaries and Future Subsidiaries. --------------------------------------- A. Execution of Subsidiary Guaranty and Personal Property Collateral Documents. In the event that any Subsidiary which is an Excluded Subsidiary as of Borrower existing on the RestatementFourth Amendment Effective Date that has not previously executed the ceases to be an Excluded Subsidiary Guaranty hereafter becomes a Restricted Subsidiary, or if any Person becomes a Restricted Subsidiary (other than an Excluded Subsidiary) of Company after the date hereofFourth Amendment Effective Datehereof, Borrower Company will (i) promptly notify Administrative Agent of that fact, (ii) fact and cause such Restricted Subsidiary to execute and deliver to Administrative Agent a counterpart counterparts of the Subsidiary Guaranty, the Environmental Indemnity Agreement Guaranty and the Pledge and Security Agreement and (iii) 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 4.114.1L4.2G) as may be reasonably 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 Restricted Subsidiary described in the applicable forms of Collateral Documents.