Common use of Further Assurances; Notation on Financial Statements Clause in Contracts

Further Assurances; Notation on Financial Statements. (a) At any time and from time to time, upon the written request of the Collateral Agent, and, at the sole expense of the Trustors, the Trustors will promptly execute and deliver any and all such further instruments and documents and take such further action as the Collateral Agent reasonably deems necessary or desirable in obtaining the full benefits of this Agreement, the Collateral Documents and the Indenture and of the rights and powers herein and therein granted. To the extent required by law, the Trustors shall, in all of their financial statements, indicate by footnote or otherwise that the Secured Obligations are secured pursuant to this Agreement and the Collateral Documents. (b) Pursuant to the Indenture, from time to time, additional subsidiaries of Company are required to become parties to the Security Agreement. In connection with a subsidiary becoming party to the Security Agreement, such subsidiary (an “Additional Trustor”) shall execute a Supplement to Trust Agreement in the form of Exhibit A hereto and upon such execution shall become a Trustor hereunder with all applicable rights and responsibilities.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Evergreen Solar Inc), Collateral Trust Agreement (Evergreen Solar Inc)

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Further Assurances; Notation on Financial Statements. (a) At any time and from time to time, upon the written request of the Collateral AgentTrustee, and, at the sole expense of the Trustors, the Trustors will promptly execute and deliver any and all such further instruments and documents and take such further action as the Collateral Agent Trustee reasonably deems necessary or desirable in obtaining the full benefits of this Agreement, the Collateral Documents Agreement and the Indenture Security Documents and of the rights and powers herein and therein granted. To the extent required by law, the Trustors shall, in all of their financial statements, indicate by footnote or otherwise that the Secured Obligations are Debt is secured pursuant to this Agreement and the Collateral Security Documents. (b) Pursuant to the IndentureCredit Agreement, from time to time, time additional subsidiaries of the Company are required to become parties to the Guarantee and to the Security Agreement. In connection with a subsidiary becoming party to the Security Agreement, such subsidiary (an “Additional Trustor”"ADDITIONAL TRUSTOR") shall execute a Supplement to Trust Agreement in the form of Exhibit A hereto and upon such execution shall become a Trustor hereunder with all applicable rights and responsibilities.

Appears in 1 contract

Samples: Trust Agreement (Caremark Rx Inc)

Further Assurances; Notation on Financial Statements. (a) At any time and from time to time, upon the written request of the Collateral Agent, and, at the sole expense of the Trustors, the Trustors will promptly execute and deliver any and all such further instruments and documents and take such further action as the Collateral Agent reasonably deems necessary or desirable in obtaining the full benefits of this Agreement, the Collateral Documents and the Indenture and of the rights and powers herein and therein granted. To the extent required by law, the Trustors shall, in all of their financial statements, indicate by footnote or otherwise that the Secured Obligations are secured pursuant to this Agreement and the Collateral Documents. (b) Pursuant to the IndentureIndentures, from time to time, additional subsidiaries of Company are required to become parties to the Security Agreement. In connection with a subsidiary becoming party to the Security Agreement, such subsidiary (an “Additional Trustor”) shall execute a Supplement to Trust Agreement in the form of Exhibit A hereto and upon such execution shall become a Trustor hereunder with all applicable rights and responsibilities.

Appears in 1 contract

Samples: Collateral Trust Agreement (Evergreen Solar Inc)

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Further Assurances; Notation on Financial Statements. (a) At any time and from time to time, upon the written request of the Collateral AgentTrustee, and, at the sole expense of the Trustors, the Trustors will promptly execute and deliver any and all such further instruments and documents and take such further action as the Collateral Agent Trustee reasonably deems necessary or desirable in obtaining the full benefits of this Agreement, the Collateral Documents Agreement and the Indenture Security Documents and of the rights and powers herein and therein granted. To the extent required by law, the Trustors shall, in all of their financial statements, indicate by footnote or otherwise that the Secured Obligations are Debt is secured pursuant to this Agreement and the Collateral Security Documents. (b) Pursuant to the IndentureCredit Agreement, from time to time, time additional subsidiaries of the Company are required to become parties to the Guarantee and to the Security Agreement. In connection with a subsidiary becoming party to the Security Agreement, such subsidiary (an “Additional TrustorADDITIONAL TRUSTOR”) shall execute a Supplement to Trust Agreement in the form of Exhibit A hereto and upon such execution shall become a Trustor hereunder with all applicable rights and responsibilities.

Appears in 1 contract

Samples: Trust Agreement (Caremark Rx Inc)

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