Further Assurances; Insurance. (a) The Borrower and the other Credit Parties will do or cause to be done all acts and things that may be required, or that the Collateral Trustee from time to time may reasonably request, to assure and confirm that the Collateral Trustee holds, for the benefit of the holders of Obligations, duly created and enforceable and perfected Liens upon the Collateral (including any property or assets that are acquired or otherwise become, or are required by any Financing Document to become, Collateral after the date hereof). (b) Upon the reasonable request of the Collateral Trustee at any time, the Borrower and the other Credit Parties will promptly execute, acknowledge and deliver such security documents, instruments, certificates, notices and other documents, and take such other actions as may be reasonably required, or that the Collateral Trustee may reasonably request, to create, perfect, protect, assure or enforce the Liens and benefits intended to be conferred, in each case as contemplated by the Financing Documents for the benefit of holders of Obligations. (c) All insurance policies required to be in force and effect pursuant to the terms of any Financing Document will name the Collateral Trustee as a loss payee and additional insured.
Appears in 3 contracts
Samples: Collateral Trust and Intercreditor Agreement, Collateral Trust and Intercreditor Agreement (PPL Energy Supply LLC), Collateral Trust and Intercreditor Agreement (Dynegy Inc.)
Further Assurances; Insurance. (a) The Borrower and the other Credit Loan Parties will do or cause to be done all acts and things that may be required, or that the Collateral Trustee from time to time may reasonably request, to assure and confirm that the Collateral Trustee holds, for the benefit of the holders of Obligations, duly created and enforceable and perfected Liens upon the Collateral (including any property or assets that are acquired or otherwise become, or are required by any Financing Document to become, Collateral after the date hereof).
(b) Upon the reasonable request of the Collateral Trustee at any time, the Borrower and the other Credit Loan Parties will promptly execute, acknowledge and deliver such security documents, instruments, certificates, notices and other documents, and take such other actions as may be reasonably required, or that the Collateral Trustee may reasonably request, to create, perfect, protect, assure or enforce the Liens and benefits intended to be conferred, in each case as contemplated by the Financing Documents for the benefit of holders of Obligations.
(c) All insurance policies required to be in force and effect pursuant to the terms of any Financing Document will name the Collateral Trustee as a loss payee and additional insured.
Appears in 2 contracts
Samples: Collateral Trust and Intercreditor Agreement (Dynegy Inc.), Collateral Trust and Intercreditor Agreement (Dynegy Inc.)
Further Assurances; Insurance. (a) The Borrower and each of the other Credit Parties will Guarantors shall do or cause to be done all acts and things that may be required, or that the Collateral Trustee from time to time may reasonably request, request to assure and confirm that the Collateral Trustee holds, for the benefit of the Parity Lien Representatives and holders of Parity Lien Obligations, duly created and enforceable and perfected Liens upon the Collateral (including any property or assets that are acquired or otherwise become, or are required by any Financing Document to become, become Collateral after the date hereofEffective Date).
(b) , in each case, as contemplated by, and with the Lien priority required under, the Secured Debt Documents. Upon the reasonable request of the Collateral Trustee or the Administrative Agent at any time and from time to time, the Borrower and each of the other Credit Parties will Guarantors shall promptly execute, acknowledge and deliver such security documents, instruments, certificates, notices and other documents, and take such other actions as may be reasonably required, or that the Collateral Trustee may reasonably request, to create, perfect, protect, assure or enforce the Liens and benefits intended to be conferred, in each case as contemplated by the Financing Documents Security Agreement for the benefit of the holders of Parity Lien Debt Obligations.
(c) All insurance policies required to . The Collateral Trustee shall be in force named as an additional insured and effect pursuant loss payee as its interests may appear, to the terms extent required by the Security Documents. Upon the reasonable request of any Financing Document will name the Collateral Trustee, the Borrower and the Guarantors shall furnish to the Collateral Trustee information as a loss payee to their property and additional insuredliability insurance carriers.
Appears in 2 contracts
Samples: Credit Agreement and Subsidiaries Guaranty (Leap Wireless International Inc), Credit Agreement (Leap Wireless International Inc)