Common use of Further Assurances; Collateral Inspections and Reports; Costs and Indemnification Clause in Contracts

Further Assurances; Collateral Inspections and Reports; Costs and Indemnification. (a) The Issuers and each Guarantor shall execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, modifications to or amendments and restatements of Mortgages and other documents and recordings of Liens in stock registries), that may be required under any applicable law, or that the Collateral Agent or the Trustee may reasonably request, to satisfy the Collateral Requirement and to cause the Collateral Requirement to be and remain satisfied, all at the expense of the Issuers and Guarantors and provide to the Collateral Agent and the Trustee, from time to time upon reasonable request, evidence reasonably satisfactory to the Collateral Agent and the Trustee as to the perfection and priority of the Liens created or intended to be created by the Security Documents.

Appears in 6 contracts

Samples: Agreement and Plan of Merger, Collateral Agreement (Verso Paper Holdings LLC), Collateral Agreement (NewPage Holdings Inc.)

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