Future Subsidiaries. If the Company shall hereafter create or acquire any subsidiary, simultaneously with the creation or acquisition of such subsidiary, the Company shall cause such subsidiary to grant to the Secured Party a security interest of the same tenor as created under this Agreement.
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Samples: Security Agreement (Tech Laboratories Inc), Security Agreement (Cobalis Corp), Security Agreement (Neomedia Technologies Inc)
Future Subsidiaries. If the Company shall hereafter create or acquire any subsidiary, simultaneously with the creation or acquisition of such subsidiary, the Company shall cause such subsidiary to grant to the Secured Party a security interest of the same tenor as created under this Agreement.. Section 6.14. (RESERVED)
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Future Subsidiaries. If the Company shall hereafter create or acquire any subsidiary, simultaneously with the creation or acquisition of such subsidiary, the Company shall cause such subsidiary to grant to the Secured Party a security interest of the same tenor as created under this Agreement. The Company further agrees that it will deliver all shares of any such subsidiary to the Secured Party in order to perfect its lien on such assets created hereunder.
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