Common use of Guaranties and Security of Restricted Subsidiaries Clause in Contracts

Guaranties and Security of Restricted Subsidiaries. The Obligations shall also be guaranteed pursuant to the terms of the Guaranties entered into by each Restricted Subsidiary in existence on the Closing Date and each new Restricted Subsidiary in accordance with the provisions of Section 8.14 of this Agreement from time to time. The obligations of the Restricted Subsidiaries under the Guaranties shall be in turn secured by a perfected first priority security interest (subject only to Permitted Liens) in favor of the Agent on behalf of the Lenders in all of the assets of each such Restricted Subsidiary, whether now owned or hereafter acquired, which are the subject of the Security Documents pursuant to the terms of the Security Documents to which each such Restricted Subsidiary is a party.

Guaranties and Security of Restricted Subsidiaries. The Obligations shall also be guaranteed pursuant to the terms of the Guaranties Guaranty entered into by each Restricted Subsidiary in existence on the Closing Date and each new Restricted Subsidiary in accordance with the provisions of Section 8.14 of this Credit Agreement from time to time. The obligations of the Restricted Subsidiaries under the Guaranties Guaranty shall be in turn secured by a perfected first priority security interest (subject only to Permitted Liens) in favor of the Agent Administrative Agent, on behalf of the Lenders Lenders, in all of the assets of each such Restricted Subsidiary, whether now owned or hereafter acquired, which are the subject of the Security Documents pursuant to the terms of the Security Documents to which each such Restricted Subsidiary is a party.

Guaranties and Security of Restricted Subsidiaries. The Obligations shall also be guaranteed pursuant to the terms of the Guaranties Guaranty entered into by each Restricted Subsidiary in existence on the Closing Date and each new Restricted Subsidiary in accordance with the provisions of Section 8.14 of this Agreement from time to time. The obligations of the Restricted Subsidiaries under the Guaranties Guaranty shall be in turn secured by a perfected first priority security interest (subject only to Permitted Liens) in favor of the Agent Administrative Agent, on behalf of the Lenders Lenders, in all of the assets of each such Restricted Subsidiary, whether now owned or hereafter acquired, which are the subject of the Security Documents pursuant to the terms of the Security Documents to which each such Restricted Subsidiary is a party.