Future Subsidiaries; Additional Collateral. (a) With respect to each Person which becomes a Subsidiary (which, for all purposes of this Agreement, shall include any Subsidiary which is not a “controlled foreign corporation” under Section 956 of the Internal Revenue Code, or any successor provision) subsequent to the date hereof, within thirty (30) days of the date such Person becomes a Subsidiary, Debtor will cause such Subsidiary to execute and deliver to the Lenders a security agreement, substantially in the form of this Agreement (or a joinder agreement satisfactory to Lenders in the form attached hereto as Exhibit B), granting to the Lenders a first priority security interest, mortgage and lien encumbering all right, title and interest of such Person in property, rights and interests of the type included in the definition of the Collateral, subject to (i) no Liens with respect to any Pledged Shares, and (ii) only the Permitted Liens and other Liens permitted under Section 10.2 of the Purchase Agreement with respect to all other Collateral.
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Samples: Security Agreement (Austin Ventures Vi L P), Security Agreement (Austin Ventures Vi L P)
Future Subsidiaries; Additional Collateral. (a) With respect to each Person which becomes a Subsidiary (which, for all purposes of this Agreement, shall include any Subsidiary which is not a “"controlled foreign corporation” " under Section 956 of the Internal Revenue Code, or any successor provision) subsequent to the date hereof, within thirty (30) days of the date such Person becomes a Subsidiary, Debtor will cause such Subsidiary to execute and deliver to the Lenders a security agreement, substantially in the form of this Agreement (or a joinder agreement satisfactory to Lenders in the form attached hereto as Exhibit B), granting to the Lenders a first priority security interest, mortgage and lien encumbering all right, title and interest of such Person in property, rights and interests of the type included in the definition of the Collateral, subject to (i) no Liens with respect to any Pledged Shares, and (ii) only the Permitted Liens and other Liens permitted under Section 10.2 of the Purchase Agreement with respect to all other Collateral.
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Future Subsidiaries; Additional Collateral. (a) With respect to each Person which becomes a domestic Subsidiary (which, for all purposes of this Agreement, shall include any Subsidiary which is not a “controlled foreign corporation” under Section 956 of the Internal Revenue Code, or any successor provision) subsequent to the date hereof, within thirty (30) days of the date such Person becomes a domestic Subsidiary, Debtor will cause such Subsidiary to execute and deliver to the Lenders Agent, for the benefit of the Banks, a security agreement, substantially in the form of this Agreement (or a joinder agreement satisfactory to Lenders Agent in the form attached hereto as Exhibit B), granting to the Lenders Agent, for the benefit of the Banks, a first priority security interest, mortgage and lien encumbering all right, title and interest of such Person in property, rights and interests of the type included in the definition of the Collateral, subject to (i) no Liens with respect to any Pledged Shares, and (ii) only the Permitted Liens and other Liens permitted under Section 10.2 8.2 of the Purchase Credit Agreement with respect to all other Collateral.
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