Common use of Grantors and Additional Grantors Clause in Contracts

Grantors and Additional Grantors. The Borrower represents and warrants that each Person who is a Grantor on the date hereof has duly executed this Agreement. The Borrower will cause each Person that hereafter becomes a Grantor or is required by any Secured Debt Document to become a party to this Agreement to become a party to this Agreement, for all purposes of this Agreement, by causing such Person to execute and deliver to the Collateral Agent an Intercreditor Joinder, whereupon such Person will be bound by the terms hereof to the same extent as if it had executed and delivered this Agreement as of the date hereof. The Borrower shall promptly provide each Secured Debt Representative with a copy of each Intercreditor Joinder executed and delivered pursuant to this Section 7.20; provided, however, that the failure to so deliver a copy of the Intercreditor Joinder to any then existing Secured Debt Representative shall not affect the inclusion of such Person as a Grantor if the other requirements of this Section 7.20 are complied with.

Appears in 4 contracts

Samples: First Lien Credit and Guaranty Agreement (Alion Science & Technology Corp), Intercreditor Agreement (Alion Science & Technology Corp), Intercreditor Agreement (Alion - BMH CORP)

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Grantors and Additional Grantors. The Borrower Each Issuer represents and warrants that each Person who is a Grantor on the date hereof has duly executed this Agreement. The Borrower Issuers will cause each Person that hereafter becomes a Grantor or is required by any Secured Debt Document to become a party to this Agreement to become a party to this Agreement, for all purposes of this Agreement, by causing such Person to execute and deliver to the Collateral Agent an Intercreditor a Collateral Agency Joinder, whereupon such Person will be bound by the terms hereof to the same extent as if it had executed and delivered this Agreement as of the date hereof. The Borrower Issuers shall promptly provide each Secured Debt Representative with a copy of each Intercreditor Collateral Agency Joinder executed and delivered pursuant to this Section 7.207.21; provided, however, that the failure to so deliver a copy of the Intercreditor Collateral Agency Joinder to any then existing Secured Debt Representative shall not affect the inclusion of such Person as a Grantor if the other requirements of this Section 7.20 7.21 are complied with.

Appears in 3 contracts

Samples: Collateral Agency Agreement, Collateral Agency Agreement (Gogo Inc.), Collateral Agency Agreement (Gogo Inc.)

Grantors and Additional Grantors. The Borrower GXS represents and warrants that each Person who is a Grantor on the date hereof has duly executed this Agreement. The Borrower GXS will cause each Person that hereafter becomes a Grantor or is required by any Secured Debt Document to become a party to this Agreement to become a party to this Agreement, for all purposes of this Agreement, by causing such Person to execute and deliver to the Collateral Agent an Intercreditor Trustee a Collateral Trust Joinder, whereupon such Person will be bound by the terms hereof to the same extent as if it had executed and delivered this Agreement as of the date hereof. The Borrower GXS shall promptly provide each Secured Debt Representative with a copy of each Intercreditor Collateral Trust Joinder executed and delivered pursuant to this Section 7.20; provided, however, that the failure to so deliver a copy of the Intercreditor Collateral Trust Joinder to any then existing Secured Debt Representative shall not affect the inclusion of such Person as a Grantor if the other requirements of this Section 7.20 are complied with.

Appears in 1 contract

Samples: Collateral Trust Agreement (GXS Investments, Inc.)

Grantors and Additional Grantors. The Borrower Each Grantor party hereto represents and warrants that each Person who is a such Grantor on the date hereof has duly authorized, executed and delivered this Agreement. The Borrower will cause each Person that hereafter becomes a Grantor or is required by any Secured Debt Document to become a party to this Agreement to become a party to this Agreement, for all purposes of this Agreement, by causing such Person to execute and deliver to the Collateral Agent an Intercreditor Trustee a Collateral Trust Joinder, whereupon such Person will be bound by the terms hereof to the same extent as if it had executed and delivered this Agreement as of the date hereof. The Borrower shall promptly provide each Secured Debt Representative with a copy of each Intercreditor Collateral Trust Joinder executed and delivered pursuant to this Section 7.207.23; provided, however, that the failure to so deliver a copy of the Intercreditor Collateral Trust Joinder to any then then-existing Secured Debt Representative shall not affect the inclusion of such Person as a Grantor if the other requirements of this Section 7.20 7.23 are complied with.

Appears in 1 contract

Samples: Collateral Trust Agreement (Seadrill LTD)

Grantors and Additional Grantors. The Borrower Issuer represents and warrants that each Person who is a Grantor on the date hereof has duly executed this Agreement. The Borrower Issuer will cause each Person that hereafter becomes a Grantor or is required by any Secured Debt Security Document to become a party to this Agreement to become a party to this Agreement, for all purposes of this Agreement, within 30 Business Days of the date on which it was acquired or created, by causing such Person to execute and deliver to the Collateral Agent an Intercreditor Trustee a Collateral Trust Joinder, whereupon such Person will be bound by the terms hereof to the same extent as if it had executed and delivered this Agreement as of the date hereof. The Borrower Issuer shall promptly provide each Secured Debt Authorized Representative with a copy of each Intercreditor Joinder Collateral Trust Xxxxxxx executed and delivered pursuant to this Section 7.207.21; provided, however, that the failure to so deliver a copy of the Intercreditor Collateral Trust Joinder to any then existing Secured Debt Authorized Representative shall not affect the inclusion of such Person as a Grantor if the other requirements of this Section 7.20 7.21 are complied with.

Appears in 1 contract

Samples: Collateral Trust Agreement (INNOVATE Corp.)

Grantors and Additional Grantors. The Borrower represents and warrants that each Person who is a Grantor on the date hereof has duly authorized, executed and delivered this Agreement. The Borrower will cause each Person that hereafter becomes a Grantor or is required by any Secured Debt Document to become a party to this Agreement to become a party to this Agreement, for all purposes of this Agreement, by causing such Person to execute and deliver to the Collateral Agent an Intercreditor Trustee a Collateral Trust Joinder, whereupon such Person will be bound by the terms hereof to the same extent as if it had executed and delivered this Agreement as of the date hereof. The Borrower shall promptly provide each Secured Debt Representative with a copy of each Intercreditor Collateral Trust Joinder executed and delivered pursuant to this Section 7.207.22; provided, however, that the failure to so deliver a copy of the Intercreditor Collateral Trust Joinder to any then existing Secured Debt Representative shall not affect the inclusion of such Person as a Grantor if the other requirements of this Section 7.20 7.22 are complied with.

Appears in 1 contract

Samples: Collateral Trust Agreement (Valaris LTD)

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Grantors and Additional Grantors. The Borrower Issuer represents and warrants that each Person who is a Grantor on the date hereof has duly executed this Agreement. The Borrower Issuer will cause each Person that hereafter becomes a Grantor or is required by any Secured Debt Parity Lien Document to become a party to this Agreement to become a party to this Agreement, for all purposes of this Agreement, by causing such Person to execute and deliver to the Collateral Agent an Intercreditor Trustee a Collateral Trust Joinder, whereupon such Person will be bound by the terms hereof to the same extent as if it had executed and delivered this Agreement as of the date hereof. The Borrower Issuer shall promptly provide each Secured Debt Parity Lien Representative with a copy of each Intercreditor Collateral Trust Joinder executed and delivered pursuant to this Section 7.207.17; provided, however, that the failure to so deliver a copy of the Intercreditor Collateral Trust Joinder to any then existing Secured Debt Parity Lien Representative shall not affect the inclusion of such Person as a Grantor if the other requirements of this Section 7.20 7.17 are complied with.

Appears in 1 contract

Samples: Collateral Trust Agreement (Alliance One International, Inc.)

Grantors and Additional Grantors. The Borrower represents and warrants that each Person who is a Grantor on the date hereof has duly executed this Agreement. The Borrower will cause each Person that hereafter becomes a Grantor or is required by any Secured Debt Document to become a party to this Agreement to become a party to this Agreement, for all purposes of this Agreement, by causing such Person to execute and deliver to the Collateral Agent an Intercreditor Trustee a Collateral Trust Joinder, whereupon such Person will be bound by the terms hereof to the same extent as if it had executed and delivered this Agreement as of the date hereof. The Borrower shall promptly provide each Secured Debt Representative with a copy of each Intercreditor Collateral Trust Joinder executed and delivered pursuant to this Section 7.207.21; provided, however, that the failure to so deliver a copy of the Intercreditor Collateral Trust Joinder to any then existing Secured Debt Representative shall not affect the inclusion of such Person as a Grantor if the other requirements of this Section 7.20 7.21 are complied with.

Appears in 1 contract

Samples: Collateral Trust Agreement (Foresight Energy LP)

Grantors and Additional Grantors. The Borrower Company represents and warrants that each Person who is a Grantor on the date hereof has duly authorized, executed and delivered this Agreement. The Borrower Company will cause each Person that hereafter becomes a Grantor or is required by any Secured Debt Document to become a party to this Agreement to become a party to this Agreement, for all purposes of this Agreement, by causing such Person to execute and deliver to the Collateral Agent an Intercreditor Joinder, whereupon such Person will be bound by the terms hereof to the same extent as if it had executed and delivered this Agreement as of the date hereof. The Borrower Company shall promptly provide each Secured Debt Representative with a copy of each Intercreditor Joinder executed and delivered pursuant to this Section 7.207.22; provided, however, that the failure to so deliver a copy of the Intercreditor Joinder to any then existing Secured Debt Representative shall not affect the inclusion of such Person as a Grantor if the other requirements of this Section 7.20 7.22 are complied with.

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (Diamond Offshore Drilling, Inc.)

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