Common use of Further Assurances; Additional Security Clause in Contracts

Further Assurances; Additional Security. (i) Borrower shall, and shall cause each other Obligor to, from time to time, promptly execute and deliver to Administrative Agent on behalf of Lenders, such additional Security Documents, statements, documents, agreements and reports as any Lender may from time to time reasonably request to evidence, perfect, convey, grant, assign, transfer, preserve, protect, confirm or otherwise implement or assure the security for repayment of the Obligations; provided that no Obligor shall be required to provide any different type of Collateral from that contemplated for such by the Security Documents to which it is a party as of the Closing Date. Borrower shall, and shall cause each other Obligor to, from time to time, promptly take such additional actions as the Requisite Lenders may reasonably require from time to time in order to carry out more effectively the purposes of the Security Documents. (ii) Notwithstanding anything herein to the contrary, to the extent this Agreement or any other Loan Document purports to require any Credit Party to grant to Administrative Agent, on behalf and for the ratable benefit of the Secured Parties, a security interest in the FCC Licenses of such Credit Party, Administrative Agent, on behalf and for the ratable benefit of the Secured Parties, shall only have a security interest in such licenses at such times and to the extent that a security interest in such licenses is permitted under applicable law. Notwithstanding anything to the contrary set forth herein, Administrative Agent, on behalf of the Secured Parties, agrees that to the extent prior FCC approval is required pursuant to the Communications Act for (a) the operation and effectiveness of any grant, right or remedy hereunder or under any Loan Document or (b) taking any action that may be taken by Administrative Agent or Requisite Lenders hereunder or under any Loan Document, such grant, right, remedy or actions will be subject to such prior FCC approval having been obtained by or in favor of Administrative Agent, on behalf and for the ratable benefit of the Secured Parties. Borrower agrees that, during the continuance of an Event of Default and at Administrative Agent’s or Requisite Lenders’ request, Borrower shall promptly file, or cause to be filed, such applications for approval and shall take all other and further actions required by the Administrative Agent or Requisite Lenders, on behalf and for the ratable benefit of the Secured Parties, to obtain such FCC approvals or consents as are necessary to transfer ownership and control to Administrative Agent or trustee or other fiduciary acting in lieu of Administrative Agent in order to ensure compliance with the Communications Act, on behalf and for the ratable benefit of the Secured Parties, or their successors or assigns, of the FCC Licenses held by it.

Further Assurances; Additional Security. (i) Borrower shall, and shall cause each other Obligor Credit Party to, from time to time, promptly execute and deliver to Administrative Agent on behalf of Lenders, such additional Security Documents, statements, documents, agreements and reports as any Lender it may from time to time reasonably request to evidence, perfect, perfect convey, grant, assign, transfer, preserve, protect, confirm or otherwise implement or assure the security for repayment of the Obligations; provided that no Obligor Credit Party shall be required to provide any different type of Collateral from that contemplated for such by the Security Documents to which it is a party as of the Closing Date. Borrower shall, and shall cause each other Obligor Credit Party to, from time to time, promptly take such additional actions as the Requisite Lenders Administrative Agent may reasonably require from time to time in order to carry out more effectively the purposes of the Security Documents. (ii) Notwithstanding anything herein to the contrary, to the extent this Agreement or any other Loan Document purports to require any Credit Party to grant to Administrative Agent, on behalf and for the ratable benefit of the Secured Parties, a security interest in the FCC Licenses of such Credit Party, Administrative Agent, on behalf and for the ratable benefit of the Secured Parties, shall only have a security interest in such licenses at such times and to the extent that a security interest in such licenses is permitted under applicable law. Notwithstanding anything to the contrary set forth herein, Administrative Agent, on behalf of the Secured Parties, agrees that to the extent prior FCC approval is required pursuant to the Communications Act for (a) the operation and effectiveness of any grant, right or remedy hereunder or under any Loan Document or (b) taking any action that may be taken by Administrative Agent or Requisite Lenders hereunder or under any Loan Document, such grant, right, remedy or actions will be subject to such prior FCC approval having been obtained by or in favor of Administrative Agent, on behalf and for the ratable benefit of the Secured Parties. Borrower agrees that, during the continuance of an Event of Default and at Administrative Agent’s or Requisite Lenders’ request, Borrower shall promptly file, or cause to be filed, such applications for approval and shall take all other and further actions required by the Administrative Agent or Requisite LendersAgent, on behalf and for the ratable benefit of the Secured Parties, to obtain such FCC approvals or consents as are necessary to transfer ownership and control to Administrative Agent or trustee or other fiduciary acting in lieu of Administrative Agent in order to ensure compliance with the Communications Act, on behalf and for the ratable benefit of the Secured Parties, or their successors or assigns, of the FCC Licenses held by it.

Further Assurances; Additional Security. (i) Borrower Company shall, and shall cause each other Obligor Credit Party to, from time to time, promptly execute and deliver to Administrative Agent on behalf of Lenders, such additional Security Documents, statements, documents, agreements and reports as any Lender it may from time to time reasonably request to evidence, perfect, convey, grant, assign, transfer, preserve, protect, confirm perfect or otherwise implement or assure the security for repayment of the Obligations; provided PROVIDED that no Obligor Credit Party shall be required to provide any different type of Collateral from that contemplated for such by the Security Documents to which it is a party as of the Closing Date. Borrower shallWith respect to the Lenders' Policies, upon Agent's request, Company shall arrange for co-insurance and/or reinsurance, with companies and in amounts satisfactory to Agent. All reinsurance policies shall cause each other Obligor to, from time include direct access agreements acceptable to time, promptly take Agent. Any future advances made by Lenders hereunder shall be conditioned upon Agent obtaining such additional actions as endorsements to the Requisite Lenders may reasonably require from time to time in order to carry out more effectively Lenders' Policies insuring the purposes additional amount of the Security DocumentsLoan and the validity and priority of such advances as Agent deems necessary or advisable. (ii) Notwithstanding anything herein to the contrary, to the extent this Agreement or any other Loan Document purports to require any Credit Party to grant to Administrative Agent, on behalf and for the ratable benefit of the Secured PartiesLenders, a security interest in the FCC Licenses of such Credit Party, Administrative Agent, on behalf and for the ratable benefit of the Secured PartiesLenders, shall only have a security interest in such licenses at such times and to the extent that a security interest in such licenses is permitted under applicable law. Notwithstanding anything to the contrary set forth herein, Administrative Agent, on behalf of the Secured PartiesLenders, agrees that to the extent prior FCC approval is required pursuant to the Communications Act for (a) the operation and effectiveness of any grant, right or remedy hereunder or under any Loan Document or (b) taking any action that may be taken by Administrative Agent or Requisite Lenders hereunder or under any Loan Document, such grant, right, remedy or actions will be subject to such prior FCC approval having been obtained by or in favor of Administrative Agent, on behalf and for the ratable benefit of the Secured PartiesLenders. Borrower Company agrees that, during the continuance of upon an Event of Default and at Administrative Agent’s or Requisite Lenders’ 's request, Borrower Company shall promptly immediately file, or cause to be filed, such applications for approval and shall take all other and further actions required by the Administrative Agent or Requisite LendersAgent, on behalf and for the ratable benefit of the Secured PartiesLenders, to obtain such FCC approvals or consents as are necessary to transfer ownership and control to Administrative Agent or trustee or other fiduciary acting in lieu of Administrative Agent in order to ensure compliance with Section 310(b) of the Communications Act, on behalf and for the ratable benefit of the Secured PartiesLenders, or their successors or assigns, of the FCC Licenses held by it.

Further Assurances; Additional Security. (i) Borrower shall, and shall cause each other Obligor to, from time to time, promptly execute and deliver to Administrative Agent on behalf of Lenders, such additional Security Documents, statements, documents, agreements and reports as any Lender it may from time to time reasonably request to evidence, perfect, convey, grant, assign, transfer, preserve, protect, confirm perfect or otherwise implement or assure the security for repayment of the Obligations; provided PROVIDED that no Obligor shall be required to provide any different type of Collateral from that contemplated for such by the Security Documents to which it is a party as of the Closing Date. Borrower shall, and shall cause each other Obligor to, from time to time, promptly take such additional actions as the Requisite Lenders may reasonably require from time to time in order to carry out more effectively the purposes of the Security Documents. (ii) Notwithstanding anything herein to the contrary, to the extent this Agreement or any other Loan Document purports to require any Credit Party to grant to Administrative Agent, on behalf and for the ratable benefit of the Secured PartiesLenders, a security interest in the FCC Licenses of such Credit Party, Administrative Agent, on behalf and for the ratable benefit of the Secured PartiesLenders, shall only have a security interest in such licenses at such times and to the extent that a security interest in such licenses is permitted under applicable law. Notwithstanding anything to the contrary set forth herein, Administrative Agent, on behalf of the Secured PartiesLenders, agrees that to the extent prior FCC approval is required pursuant to the Communications Act for (a) the operation and effectiveness of any grant, right or remedy hereunder or under any Loan Document or (b) taking any action that may be taken by Administrative Agent or Requisite Lenders hereunder or under any Loan Document, such grant, right, remedy or actions will be subject to such prior FCC approval having been obtained 50 by or in favor of Administrative Agent, on behalf and for the ratable benefit of the Secured PartiesLenders. Borrower agrees that, during the continuance of an Event of Default and at Administrative Agent’s or Requisite Lenders’ 's request, Borrower shall promptly file, or cause to be filed, such applications for approval and shall take all other and further actions required by the Administrative Agent or Requisite LendersAgent, on behalf and for the ratable benefit of the Secured PartiesLenders, to obtain such FCC approvals or consents as are necessary to transfer ownership and control to Administrative Agent or trustee or other fiduciary acting in lieu of Administrative Agent in order to ensure compliance with Section 310(b) of the Communications Act, on behalf and for the ratable benefit of the Secured PartiesLenders, or their successors or assigns, of the FCC Licenses held by it.

Further Assurances; Additional Security. (i) Borrower shall, and shall cause each other Obligor to, from time to time, promptly execute and deliver to Administrative Agent on behalf of Lenders, such additional Security Documents, statements, documents, agreements and reports as any Lender it may from time to time reasonably request to evidence, perfect, perfect convey, grant, assign, transfer, preserve, protect, confirm or otherwise implement or assure the security for repayment of the Obligations; provided that no Obligor shall be required to provide any different type of Collateral from that contemplated for such by the Security Documents to which it is a party as of the Closing Date. Borrower shall, and shall cause each other Obligor to, from time to time, promptly take such additional actions as the Requisite Lenders Administrative Agent may reasonably require from time to time in order to carry out more effectively the purposes of the Security Documents. (ii) Notwithstanding anything herein to the contrary, to the extent this Agreement or any other Loan Document purports to require any Credit Party to grant to Administrative Agent, on behalf and for the ratable benefit of the Secured Parties, a security interest in the FCC Licenses of such Credit Party, Administrative Agent, on behalf and for the ratable benefit of the Secured Parties, shall only have a security interest in such licenses at such times and to the extent that a security interest in such licenses is permitted under applicable law. Notwithstanding anything to the contrary set forth herein, Administrative Agent, on behalf of the Secured Parties, agrees that to the extent prior FCC approval is required pursuant to the Communications Act for (a) the operation and effectiveness of any grant, right or remedy hereunder or under any Loan Document or (b) taking any action that may be taken by Administrative Agent or Requisite Lenders hereunder or under any Loan Document, such grant, right, remedy or actions will be subject to such prior FCC approval having been obtained by or in favor of Administrative Agent, on behalf and for the ratable benefit of the Secured Parties. Borrower agrees that, during the continuance of an Event of Default and at Administrative Agent’s or Requisite Lenders’ request, Borrower shall promptly file, or cause to be filed, such applications for approval and shall take all other and further actions required by the Administrative Agent or Requisite LendersAgent, on behalf and for the ratable benefit of the Secured Parties, to obtain such FCC approvals or consents as are necessary to transfer ownership and control to Administrative Agent or trustee or other fiduciary acting in lieu of Administrative Agent in order to ensure compliance with the Communications Act, on behalf and for the ratable benefit of the Secured Parties, or their successors or assigns, of the FCC Licenses held by it.

Further Assurances; Additional Security. (i) Borrower shall, and shall cause each other Obligor to, from time to time, promptly execute and deliver to Administrative Agent on behalf of Lenders, such additional Security Documents, statements, documents, agreements and reports as any Lender it may from time to time reasonably request to evidence, perfect, convey, grant, assign, transfer, preserve, protect, confirm perfect or otherwise implement or assure the security for repayment of the Obligations; provided that no Obligor shall be required to provide any different type of Collateral from that contemplated for such by the Security Documents to which it is a party as of the Closing Date. Borrower shall, and shall cause each other Obligor to, from time to time, promptly take such additional actions as the Requisite Lenders may reasonably require from time to time in order to carry out more effectively the purposes of the Security Documents. (ii) Notwithstanding anything herein to the contrary, to the extent this Agreement or any other Loan Document purports to require any Credit Party to grant to Administrative Agent, on behalf and for the ratable benefit of the Secured PartiesLenders, a security interest in the FCC Licenses of such Credit Party, Administrative Agent, on behalf and for the ratable benefit of the Secured PartiesLenders, shall only have a security interest in such licenses at such times and to the extent that a security interest in such licenses is permitted under applicable law. Notwithstanding anything to the contrary set forth herein, Administrative Agent, on behalf of the Secured PartiesLenders, agrees that to the extent prior FCC approval is required pursuant to the Communications Act for (a) the operation and effectiveness of any grant, right or remedy hereunder or under any Loan Document or (b) taking any action that may be taken by Administrative Agent or Requisite Lenders hereunder or under any Loan Document, such grant, right, remedy or actions will be subject to such prior FCC approval having been obtained by or in favor of Administrative Agent, on behalf and for the ratable benefit of the Secured PartiesLenders. Borrower agrees that, during the continuance of an Event of Default and at Administrative Agent’s or Requisite Lenders’ request, Borrower shall promptly file, or cause to be filed, such applications for approval and shall take all other and further actions required by the Administrative Agent or Requisite LendersAgent, on behalf and for the ratable benefit of the Secured PartiesLenders, to obtain such 55 FCC approvals or consents as are necessary to transfer ownership and control to Administrative Agent or trustee or other fiduciary acting in lieu of Administrative Agent in order to ensure compliance with Section 310(b) of the Communications Act, on behalf and for the ratable benefit of the Secured PartiesLenders, or their successors or assigns, of the FCC Licenses held by it.

Further Assurances; Additional Security. (i) Borrower shall, and shall cause each other Obligor to, from time to time, promptly execute and deliver to Administrative Agent on behalf of Lenders, such additional Security Documents, statements, documents, agreements and reports as any Lender it may from time to time reasonably request to evidence, perfect, convey, grant, assign, transfer, preserve, protect, confirm perfect or otherwise implement or assure the security for repayment of the Obligations; provided that no Obligor shall be required to provide any different type of Collateral from that contemplated for such by the Security Documents to which it is a party as of the Closing Date. Borrower shall, and shall cause each other Obligor to, from time to time, promptly take such additional actions as the Requisite Lenders may reasonably require from time to time in order to carry out more effectively the purposes of the Security Documents. (ii) Notwithstanding anything herein to the contrary, to the extent this Agreement or any other Loan Document purports to require any Credit Party to grant to Administrative Agent, on behalf and for the ratable benefit of the Secured PartiesLenders, a security interest in the FCC Licenses of such Credit Party, Administrative Agent, on behalf and for the ratable benefit of the Secured PartiesLenders, shall only have a security interest in such licenses at such times and to the extent that a security interest in such licenses is permitted under applicable law. Notwithstanding anything to the contrary set forth herein, Administrative Agent, on behalf of the Secured PartiesLenders, agrees that to the extent prior FCC approval is required pursuant to the Communications Act for (a) the operation and effectiveness of any grant, right or remedy hereunder or under any Loan Document or (b) taking any action that may be taken by Administrative Agent or Requisite Lenders hereunder or under any Loan Document, such grant, right, remedy or actions will be subject to such prior FCC approval having been obtained by or in favor of Administrative Agent, on behalf and for the ratable benefit of the Secured PartiesLenders. Borrower agrees that, during the continuance of an Event of Default and at Administrative Agent’s or Requisite Lenders’ request, Borrower shall promptly file, or cause to be filed, such applications for approval and shall take all other and further actions required by the Administrative Agent or Requisite LendersAgent, on behalf and for the ratable benefit of the Secured PartiesLenders, to obtain such FCC approvals or consents as are necessary to transfer ownership and control to Administrative Agent or trustee or other fiduciary acting in lieu of Administrative Agent in order to ensure compliance with Section 310(b) of the Communications Act, on behalf and for the ratable benefit of the Secured PartiesLenders, or their successors or assigns, of the FCC Licenses held by it.