Common use of Further Assurances Regarding Collateral Clause in Contracts

Further Assurances Regarding Collateral. Each Credit Party shall: (i) At its expense, from time to time execute and deliver, or cause to be executed and delivered, such additional instruments, certificates or documents, and take all such actions, as the Administrative Agent or the Required Lenders may reasonably request, for the purposes of implementing or effectuating the provisions of this Agreement and the other Loan Documents or, upon the occurrence of the Collateral Effective Date, creating or perfecting or ensuring the priority or sufficiency or enforceability or enforcement of a Lien in favor of the Administrative Agent as security for the Obligations upon any or all of the Collateral (whether owned prior to the Collateral Effective Date or thereafter acquired), or more fully perfecting or renewing any such Lien; (ii) To the extent requested by the Administrative Agent, at such Credit Party's expense, if the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to this Agreement or the other Loan Documents requires any consent, approval, recording, qualification or authorization of any Governmental Authority, execute and deliver, or cause the execution and delivery of, all applications, certifications, instruments and other documents and papers that may be required from the Borrower or any of its Subsidiaries or may reasonably be requested for such governmental consent, approval, recording, qualification or authorization; and (iii) Use its commercially reasonable efforts to obtain within 45 days of the Collateral Effective Date (or in the case of locations which meet the threshold set forth herein on a date subsequent to the Collateral Effective Date, within 45 days of the date on which a Responsible Officer of the Borrower becomes aware of such change) such landlord waiver and/or warehousemen and bailee letters, as applicable, in form and substance satisfactory to the Administrative Agent with respect to all Collateral located at a leased location or held by a warehouseman or bailee to the extent the aggregate value of the Collateral at such location exceeds $1,000,000." 10. Amendment to Section 9.1(c)

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

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Further Assurances Regarding Collateral. Each Credit Party shall: (i) At its expense, from time to time execute and deliver, or cause to be executed and delivered, such additional instruments, certificates or documents, and take all such actions, as the Administrative Agent or the Required Lenders may reasonably request, for the purposes of implementing or effectuating the provisions of this Agreement and the other Loan Documents or, upon the occurrence of the Collateral Effective Date, or creating or perfecting or ensuring the priority or sufficiency or enforceability or enforcement of a Lien in favor of the Administrative Agent as security for the Obligations upon any or all of the Collateral (whether owned prior to the Collateral Fourth Amendment Effective Date or thereafter acquired), or more fully perfecting or renewing any such Lien; (ii) To the extent requested by the Administrative Agent, at such Credit Party's expense, if the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to this Agreement or the other Loan Documents requires any consent, approval, recording, qualification or authorization of any Governmental Authority, execute and deliver, or cause the execution and delivery of, all applications, certifications, instruments and other documents and papers that may be required from the Borrower or any of its Subsidiaries or may reasonably be requested for such governmental consent, approval, recording, qualification or authorization; and (iii) Use its commercially reasonable efforts to obtain within 45 60 days of the Collateral Fourth Amendment Effective Date (or in the case of locations which meet the threshold set forth herein on a date subsequent to the Collateral Fourth Amendment Effective Date, within 45 days of the date on which a Responsible Officer of the Borrower becomes aware of such change) such landlord waiver and/or warehousemen and bailee letters, as applicable, in form and substance satisfactory to the Administrative Agent with respect to all Collateral located at a leased location or held by a warehouseman or bailee to the extent the aggregate value of the Collateral at such location exceeds $1,000,000." 1013. Amendment to Section 9.1(c)9.1

Appears in 1 contract

Samples: Credit Agreement (Caraustar Industries Inc)

Further Assurances Regarding Collateral. Each Credit Party Guarantor shall: (i) At its expense, from time to time execute and deliver, or cause to be executed and delivered, such additional instruments, certificates or documents, and take all such actions, as the Caraustar Administrative Agent or the Required Lenders Lender may reasonably request, for the purposes of implementing or effectuating the provisions of this Agreement and the other Loan Credit Documents or, upon the occurrence of the Collateral Effective Date, or creating or perfecting or ensuring the priority or sufficiency or enforceability or enforcement of a Lien in favor of the Caraustar Administrative Agent as security for the Obligations upon any or all of the Collateral (whether owned prior to the Collateral Second Amendment Effective Date or thereafter acquired), or more fully perfecting or renewing any such Lien; (ii) To the extent requested by the Caraustar Administrative Agent, at such Credit Party's its expense, if the exercise by the Caraustar Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to this Agreement or the other Loan Credit Documents requires any consent, approval, recording, qualification or authorization of any Governmental Authoritygovernmental authority, execute and deliver, or cause the execution and delivery of, all applications, certifications, instruments and other documents and papers that may be required from the Borrower Guarantor or any of its Subsidiaries or may reasonably be requested for such governmental consent, approval, recording, qualification or authorization; and (iii) Use its commercially reasonable efforts to obtain within 45 sixty (60) days of the Collateral Second Amendment Effective Date (or in the case of locations which meet the threshold set forth herein on a date subsequent to the Collateral Second Amendment Effective Date, within 45 sixty (60) days of the date on which a "Responsible Officer Officer" (as defined in the Caraustar Credit Agreement) of the Borrower Guarantor becomes aware of such change) such landlord waiver and/or warehousemen and bailee letters, as applicable, in form and substance satisfactory to the Caraustar Administrative Agent with respect to all Collateral located at a leased location or held by a warehouseman or bailee to the extent the aggregate value of the Collateral at such location exceeds $1,000,000." 10. Amendment to Section 9.1(c)

Appears in 1 contract

Samples: Guaranty Agreement (Caraustar Industries Inc)

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Further Assurances Regarding Collateral. Each Credit Party Guarantor shall: (i) At its expense, from time to time execute and deliver, or cause to be executed and delivered, such additional instruments, certificates or documents, and take all such actions, as the Caraustar Administrative Agent or the Required Lenders Lender may reasonably request, for the purposes of implementing or effectuating the provisions of this Agreement and the other Loan Credit Documents or, upon the occurrence of the Collateral Effective Date, creating or perfecting or ensuring the priority or sufficiency or enforceability or enforcement of a Lien in favor of the Caraustar Administrative Agent as security for the Obligations upon any or all of the Collateral (whether owned prior to the Collateral Effective Date or thereafter acquired), or more fully perfecting or renewing any such Lien; (ii) To the extent requested by the Caraustar Administrative Agent, at such Credit Party's its expense, if the exercise by the Caraustar Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to this Agreement or the other Loan Credit Documents requires any consent, approval, recording, qualification or authorization of any Governmental Authoritygovernmental authority, execute and deliver, or cause the execution and delivery of, all applications, certifications, instruments and other documents and papers that may be required from the Borrower Guarantor or any of its Subsidiaries or may reasonably be requested for such governmental consent, approval, recording, qualification or authorization; and (iii) Use its commercially reasonable efforts to obtain within 45 sixty days of the Collateral Effective Date (or in the case of locations which meet the threshold set forth herein on a date subsequent to the Collateral Effective Date, within 45 60 days of the date on which a "Responsible Officer Officer" (as defined in the Caraustar Credit Agreement) of the Borrower Guarantor becomes aware of such change) such landlord waiver and/or warehousemen and bailee letters, as applicable, in form and substance satisfactory to the Caraustar Administrative Agent with respect to all Collateral located at a leased location or held by a warehouseman or bailee to the extent the aggregate value of the Collateral at such location exceeds $1,000,000." 102. Amendment to Section 9.1(c)8(c) of the Guaranty Agreement is hereby deleted and the following is inserted in lieu thereof:

Appears in 1 contract

Samples: Guaranty Agreement (Caraustar Industries Inc)

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