Common use of Further Assurances; Insurance Clause in Contracts

Further Assurances; Insurance. The New Second Lien Convertible Notes Indenture will provide that ION and each of the other Guarantors will do or cause to be done all acts and things that may be necessary or desirable, or that the Collateral Agent from time to time may reasonably request, to assure and confirm that the Collateral Agent holds, for the benefit of the Parity Lien Secured Parties, duly created and enforceable and perfected Parity Liens upon the Collateral (including any property or assets that are acquired or otherwise become Collateral after the New Second Lien Convertible Notes are issued), in each case, as contemplated by, and with the Lien priority required under, the Parity Lien Documents. If necessary or desirable or upon the request of the Collateral Agent or any Parity Lien Representative at any time and from time to time, ION and each of the other Guarantors will promptly execute, acknowledge and deliver such security documents, instruments, certificates, notices and other documents, and take such other actions as shall be reasonably necessary or desirable to create, perfect, protect, assure or enforce the Liens and benefits intended to be conferred, in each case as contemplated by the Parity Lien Documents for the benefit of the holders of Parity Lien Obligations. ION and the other Guarantors will:

Further Assurances; Insurance. The New Second Lien Convertible Notes Indenture will provide that ION Issuers and each of the other Guarantors will do or cause to be done all acts and things that may be necessary or desirablerequired by applicable law, or that the Collateral Agent Trustee from time to time may reasonably request, to assure and confirm that the Collateral Agent Trustee holds, for the benefit of the Parity Lien holders of Secured PartiesObligations, duly created and enforceable and perfected Parity Liens upon the Collateral (including any property or assets that are acquired or otherwise become Collateral after the New Second Lien Convertible Notes are issued), in each case, as contemplated by, and with the Lien priority required under, the Parity Lien Secured Debt Documents. If necessary or desirable or upon Upon the reasonable request of the Collateral Agent Trustee or any Parity Lien Secured Debt Representative at any time and from time to time, ION the Issuers and each of the other Guarantors will promptly execute, acknowledge and deliver such security documentsSecurity Documents, instruments, certificates, notices and other documents, and take such other actions as shall may be reasonably necessary required, or desirable 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 Parity Lien Secured Debt Documents for the benefit of the holders of Parity Lien Secured Obligations. ION The Issuers and the other Guarantors will:will maintain insurance in accordance with Section 4.22 hereof. Upon reasonable request of the Collateral Trustee, the Issuers and the Guarantors will furnish to the Collateral Trustee full information as to their property and liability insurance carriers.

Further Assurances; Insurance. (a) The New Second Lien Convertible Notes Indenture will provide that ION Company and each of the other Guarantors Pledgors will do or cause to be done all acts and things that may be necessary or desirablerequired, or that the Note Collateral Agent from time to time may reasonably request, to assure and confirm that the Note Collateral Agent holds, for the benefit of the Holders and the holders of Parity Lien Secured PartiesDebt, duly created and enforceable and perfected Parity Liens upon the Collateral (including any property or assets that are acquired or otherwise become Collateral after the New Second Lien Convertible Notes are issued), in each case, as contemplated by, and with the Lien priority required under, (i) the Indenture, the Notes and the Security Documents and (ii) the indenture, credit agreement or other agreement governing each other Series of Parity Lien Debt and the Security Documents (other than any Security Documents that do not secure Parity Lien Debt)(collectively, the “Parity Lien Documents”). If necessary or desirable or upon Upon the reasonable request of the Note Collateral Agent or any Parity Lien Representative at any time and from time to time, ION the Company and each of the other Guarantors Pledgors will promptly execute, acknowledge and deliver such security documentsSecurity Documents, instruments, certificates, notices and other documents, and take such other actions as shall will be reasonably necessary required, or desirable that the Note Collateral Agent 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 Parity Lien Documents for the benefit of the holders of Parity Lien Obligations. ION and the other Guarantors will:Debt.

Further Assurances; Insurance. (a) The New Second Lien Convertible Notes Indenture will provide that ION Issuer and each of the other Guarantors will shall do or cause to be done all acts and things that may be necessary required or desirable, or that the Collateral Agent from time to time may reasonably requestdesirable under applicable law, to assure and confirm that the Collateral Agent collateral trustee holds, for the benefit of the Parity Lien Secured Partiesholders of Fixed Asset Debt Obligations, duly created and enforceable and perfected Parity Liens upon the Collateral (including any property or assets that are acquired or otherwise become Collateral after the New Second Lien Convertible Notes are issued), in each case, as contemplated by, and with the Lien priority required under, the Parity Lien Fixed Asset Debt Documents. If necessary or desirable or upon the request of the Collateral Agent or any Parity Lien Representative at any time and from time to time, ION The Issuer and each of the other Guarantors will shall promptly (but with respect to the Liens created or purported to be created in favor of the collateral trustee on the date of this Indenture, within 30 days after the date hereof) execute, acknowledge and deliver such security documents, instruments, certificates, notices and other documents, and take such other actions as may be necessary or desirable under applicable law as shall be reasonably necessary or desirable required, to create, perfect, protect, assure or enforce the Liens and benefits intended to be conferred, in each case as contemplated by the Parity Lien Fixed Asset Debt Documents for the benefit of the holders of Parity Lien Fixed Asset Debt Obligations. ION and the other Guarantors will:.

Further Assurances; Insurance. (a) The New Second Lien Convertible Notes Indenture will provide that ION Issuer and each of the other Guarantors will do or cause to be done all acts and things that may be necessary or desirablerequired, or that the Collateral Agent Trustee pursuant to an Act of Required Secured Parties from time to time may reasonably request, to assure and confirm that the Collateral Agent Trustee holds, for the benefit of the Parity Lien Secured Parties, duly created and enforceable and perfected Parity Liens upon the Collateral Collateral, (including any property or assets that are acquired or otherwise become become, or are required by any Secured Debt Document to become, Collateral after the New Second Lien Convertible Notes are issueddate hereof), in each case, case as contemplated by, and with the Lien priority required under, the Parity Lien Secured Debt Documents. If necessary or desirable or upon Upon the reasonable request of the Collateral Agent Trustee pursuant to an Act of Required Secured Parties or any Parity Lien Secured Debt Representative at any time and from time to time, ION the Issuer and each of the other Guarantors will promptly execute, acknowledge and deliver such security documents, instruments, certificates, notices and other documents, and take such other actions as shall may be reasonably necessary required, or desirable that the Collateral Trustee pursuant to an Act of Required Secured Parties 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 Parity Lien Secured Debt Documents for the benefit of the holders of Parity Lien ObligationsSecured Parties. ION and the other Guarantors will:Section 8.4