Future Subsidiaries. If any Grantor shall hereafter create or acquire any Subsidiary, simultaneously with the creation of acquisition of such Subsidiary, such Grantor shall cause such Subsidiary to become a party to this Agreement as an additional "Grantor" hereunder, and to duly execute and deliver a guaranty of the Obligations in favor of the Buyer in form and substance reasonably acceptable to the Buyer, and to duly execute and/or deliver such opinions of counsel and other documents, in form and substance reasonably acceptable to the Buyer, as the Buyer shall reasonably request with respect thereto.
Appears in 5 contracts
Samples: Security Agreement (Driftwood Ventures, Inc.), Security Agreement (Pure Vanilla Exchange Inc), Security Agreement (MFC Development Corp)
Future Subsidiaries. If any Grantor shall hereafter create or acquire any Subsidiary, simultaneously with the creation of acquisition of such Subsidiary, such Grantor shall cause such Subsidiary to become a party to this Agreement as an additional "“Grantor" hereunder, ” hereunder and to duly execute and deliver become a guaranty of the Obligations in favor of the Buyer in form and substance reasonably acceptable party to the BuyerGuaranty as an additional “Guarantor” thereunder, and to duly execute and/or deliver such opinions of counsel and other documents, in form and substance reasonably acceptable to the BuyerCollateral Agent, as the Buyer Collateral Agent shall reasonably request with respect thereto.
Appears in 4 contracts
Samples: Pledge and Security Agreement (Genius Brands International, Inc.), Pledge and Security Agreement (Workhorse Group Inc.), Pledge and Security Agreement (Digital Ally Inc)
Future Subsidiaries. If any Grantor shall hereafter create or acquire any Subsidiary, simultaneously with the creation of acquisition of such Subsidiary, such Grantor shall cause such Subsidiary to become a party to this Agreement as an additional "Grantor" hereunder, and to duly execute and deliver a guaranty of the Obligations in favor of the Buyer in form and substance reasonably acceptable to the Buyer, and to duly execute and/or deliver such opinions of counsel and other documents, in form and substance reasonably acceptable to the Buyer, as the Buyer shall reasonably request with respect thereto.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Vringo Inc), Merger Agreement (Vringo Inc)
Future Subsidiaries. If any Grantor shall hereafter create or acquire any material Subsidiary, simultaneously with the creation of acquisition of such Subsidiary, such Grantor shall cause such Subsidiary to become a party to this Agreement as an additional "“Grantor" ” hereunder, and to duly execute and deliver a guaranty of the Obligations in favor of the Buyer in form and substance reasonably acceptable to the Buyer, and to duly execute and/or deliver such opinions of counsel and other documents, in form and substance reasonably acceptable to the Buyer, as the Buyer shall reasonably request with respect thereto.
Appears in 1 contract
Samples: Security Agreement (Vcampus Corp)
Future Subsidiaries. If any Grantor shall hereafter create or acquire any Subsidiary, simultaneously with the creation of acquisition of such Subsidiary, such Grantor shall cause such Subsidiary to become a party to this Agreement as an additional "“Grantor" ” hereunder, and to duly execute and deliver a guaranty of the Obligations in favor of the Buyer in form and substance reasonably acceptable to the Buyer, and to duly execute and/or deliver such opinions of counsel and other documents, in form and substance reasonably acceptable to the Buyer, as the Buyer shall reasonably request with respect thereto.
Appears in 1 contract
