Common use of Guarantor Security Agreements Clause in Contracts

Guarantor Security Agreements. Security Agreements duly executed by the Guarantors (other than HIL) together with (i) financing statements (UCC-1) to be filed under the Uniform Commercial Code of all jurisdictions necessary or, in the opinion of the Agent or any Bank, desirable to perfect the security interest created by such Security Agreement and (ii) Uniform Commercial Code searches identifying all of the financing statements on file with respect to the Guarantors (other than HIL) in all jurisdictions referred to under (i) including the financing statements filed by the Agent against such party indicating that no party other than the Agent claims an interest in any of the Collateral except with respect to Permitted Liens;