Grant of Liens and Security Interests. (a) The Borrower shall cause the Finance Obligations to be secured by a grant by the Borrower of its right, title, benefit and interest in (i) the RP Investments Bridge Account and (ii) the LuxCo 3/RPI Bonds and any guarantees or collateral therefor, in each case by “control” under the UCC. (b) In connection with any grant of security interest under this Section 6.10, the Borrower shall deliver to the Collateral Agent on or before the Funding Date, (i) a security agreement in form and substance reasonably satisfactory to the Collateral Agent, executed in multiple counterparts, (ii) such opinions of counsel as the Collateral Agent may deem necessary or appropriate, in form and substance reasonably satisfactory to the Collateral Agent, and (iii) such other filings and deliveries as may be necessary or appropriate as determined by the Collateral Agent in its reasonable discretion.
Appears in 2 contracts
Samples: Senior Secured Bridge Credit Agreement (Echo Pharma Acquisition LTD), Senior Secured Bridge Credit Agreement (Echo Pharma Acquisition LTD)
Grant of Liens and Security Interests. (a) The Borrower shall cause the Finance Obligations to be secured by a grant by the Borrower of its right, title, benefit and interest in (i) the RP Investments Bridge Account and (ii) the LuxCo 3/RPI Bonds and any guarantees or collateral therefor, in each case by “control” under the UCC.
(b) In connection with any grant of security interest under this Section 6.10, the Borrower shall deliver to the Collateral Agent on or before the Initial Funding Date, (i) a security agreement in form and substance reasonably satisfactory to the Collateral Agent, executed in multiple counterparts, (ii) such opinions of counsel as the Collateral Agent may deem necessary or appropriate, in form and substance reasonably satisfactory to the Collateral Agent, and (iii) such other filings and deliveries as may be necessary or appropriate as determined by the Collateral Agent in its reasonable discretion.
Appears in 1 contract
Samples: Senior Secured Bridge Credit Agreement (Echo Pharma Acquisition LTD)
Grant of Liens and Security Interests. (a) The Borrower shall cause the Finance Obligations to be secured by a grant by the Borrower of its right, title, benefit and interest in (i) the RP Investments Bridge Account and (ii) the LuxCo 3/RPI Bonds and any guarantees or collateral therefor, in each case by “control” under the UCC.
(b) In connection with any grant of security interest under this Section 6.10, the Borrower shall deliver to the Collateral Agent on or before the Initial Funding Date, (i) a security agreement in form and substance reasonably satisfactory to the Collateral Agent, executed in multiple counterparts, (ii) such opinions of counsel as the Collateral Agent may deem necessary or appropriate, in form and substance reasonably satisfactory to the Collateral Agent, and (iii) such other filings and deliveries as may be necessary or appropriate as determined by the Collateral Agent in its reasonable discretion.and
Appears in 1 contract
Samples: Senior Secured Bridge Credit Agreement (Echo Pharma Acquisition LTD)
