Common use of Joinder of Additional Grantors Clause in Contracts

Joinder of Additional Grantors. Each Grantor shall promptly notify the Collateral Agent in writing of any Subsidiary which it acquires or forms after the date of this Agreement and cause each such Subsidiary to execute and deliver to the Collateral Agent a Joinder Agreement within 30 days of the date on which it was acquired or formed and, upon such execution and delivery, such Subsidiary shall constitute a "Grantor" for all purposes hereunder with the same force and effect as if originally named as a Grantor herein. Upon the execution and delivery by any Subsidiary of a Joinder Agreement, the supplemental schedules attached to such Joinder Agreement shall be incorporated into and become part of and supplement the Schedules to this Agreement and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Joinder Agreement and from time to time. The execution and delivery of such Joinder Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Appears in 1 contract

Samples: Security Agreement (Live Current Media Inc.)

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Joinder of Additional Grantors. Each Grantor The Grantors shall promptly notify the Collateral Agent in writing cause each Subsidiary of any Subsidiary which it acquires or forms Borrower which, from time to time, after the date hereof shall be required to pledge any assets to Lender pursuant to the provisions of this Agreement and cause each such Subsidiary the Credit Agreement, to execute and deliver to the Collateral Agent Lender a Joinder Agreement within 30 10 days of the date on which it was acquired or formed created and, upon such execution and delivery, such Subsidiary shall constitute a "Grantor" for all purposes hereunder with the same force and effect as if originally named as a Grantor herein. Upon the execution and delivery by any Subsidiary of a Joinder Agreement, the supplemental schedules attached to such Joinder Agreement shall be incorporated into and become part of and supplement the Schedules to this Agreement and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Joinder Agreement and from time to time. The execution and delivery of such Joinder Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Appears in 1 contract

Samples: Security Agreement (BOSTON OMAHA Corp)

Joinder of Additional Grantors. Each The Grantors shall cause each Subsidiary of a Grantor which, from time to time, after the date hereof shall promptly notify be required to pledge any assets to the Collateral Agent in writing for the ratable benefit of any Subsidiary which it acquires or forms after the date Secured Parties pursuant to the provisions of this Agreement and cause each such Subsidiary the Indenture, to execute and deliver to the Collateral Agent a Joinder Agreement within 30 days of the date on which it was acquired or formed created and, upon such execution and delivery, such Subsidiary shall constitute a "Grantor" for all purposes hereunder with the same force and effect as if originally named as a Grantor herein. Upon the execution and delivery by any Subsidiary of a Joinder Agreement, the supplemental schedules attached to such Joinder Agreement shall be incorporated into and become part of and supplement the Schedules to this Agreement and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Joinder Agreement and from time to time. The execution and delivery of such Joinder Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Appears in 1 contract

Samples: Security Agreement (Medicine Man Technologies, Inc.)

Joinder of Additional Grantors. Each Grantor The Grantors shall promptly notify cause each Subsidiary of the Grantors which, from time to time, after the date hereof shall be required to pledge any assets to the Collateral Agent in writing for the ratable benefit of any Subsidiary which it acquires or forms after the date Secured Parties pursuant to the provisions of this Agreement and cause each such Subsidiary the Loan Agreements, to execute and deliver to the Collateral Agent a Joinder Agreement within 30 thirty (30) days of the date on which it was acquired or formed created and, upon such execution and delivery, such Subsidiary shall constitute a "Grantor" for all purposes hereunder with the same force and effect as if originally named as a Grantor herein. Upon the execution and delivery by any Subsidiary of a Joinder Agreement, the supplemental schedules attached to such Joinder Agreement shall be incorporated into and become part of and supplement the Schedules to this Agreement and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Joinder Agreement and from time to time. The execution and delivery of such Joinder Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Appears in 1 contract

Samples: Security Agreement (New Enterprise Stone & Lime Co., Inc.)

Joinder of Additional Grantors. Each The Grantors shall cause each Subsidiary of a Grantor which, from time to time, after the date hereof shall promptly notify be required to pledge any assets to the Collateral Agent in writing for the ratable benefit of any Subsidiary which it acquires or forms after the date Secured Parties pursuant to the provisions of this Agreement and cause each such Subsidiary the Loan Agreement, to execute and deliver to the Collateral Agent a Joinder Agreement within 30 days of the date on which it was acquired or formed created and, upon such execution and delivery, such Subsidiary shall constitute a "Grantor" for all purposes hereunder with the same force and effect as if originally named as a Grantor herein. Upon the execution and delivery by any Subsidiary of a Joinder Agreement, the supplemental schedules attached to such Joinder Agreement shall be incorporated into and become part of and supplement the Schedules to this Agreement and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Joinder Agreement and from time to time. The execution and delivery of such Joinder Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Appears in 1 contract

Samples: Security Agreement (Medicine Man Technologies, Inc.)

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Joinder of Additional Grantors. Each Grantor The Grantors shall promptly notify cause each Subsidiary of the Grantors which, from time to time, after the date hereof shall be required to pledge any assets to the Collateral Agent in writing for the ratable benefit of any Subsidiary which it acquires or forms after the date Secured Parties pursuant to the provisions of this Agreement and cause each such Subsidiary the Loan Agreement, to execute and deliver to the Collateral Agent a Joinder Agreement within 30 thirty (30) days of the date on which it was acquired or formed created and, upon such execution and delivery, such Subsidiary shall constitute a "Grantor" for all purposes hereunder with the same force and effect as if originally named as a Grantor herein. Upon the execution and delivery by any Subsidiary of a Joinder Agreement, the supplemental schedules attached to such Joinder Agreement shall be incorporated into and become part of and supplement the Schedules to this Agreement and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Joinder Agreement and from time to time. The execution and delivery of such Joinder Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Appears in 1 contract

Samples: Security Agreement (New Enterprise Stone & Lime Co., Inc.)

Joinder of Additional Grantors. Each Grantor The Company shall promptly notify the Collateral Agent in writing of any cause each Person that becomes a Subsidiary which it acquires or forms after the date of this Agreement hereof to become a Grantor and cause each such Subsidiary pledge any assets to the Purchaser and to execute and deliver to the Collateral Agent Purchaser a Joinder Agreement within 30 ten (10) days of the date on which it was acquired or formed created and, upon such execution and delivery, such Subsidiary shall constitute a "Grantor" for all purposes hereunder with the same force and effect as if originally named as a Grantor herein. Upon the execution and delivery by any Subsidiary of a Joinder Agreement, the supplemental schedules attached to such Joinder Agreement shall be incorporated into and become part of and supplement the Schedules to this Agreement and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Joinder Agreement and from time to time. The execution and delivery of such Joinder Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Appears in 1 contract

Samples: Security Agreement (Airship AI Holdings, Inc.)

Joinder of Additional Grantors. Each Grantor The Grantors shall promptly notify the Collateral Agent in writing cause each Subsidiary of any Subsidiary which it acquires or forms Borrower which, from time to time, after the date hereof shall be required to pledge any assets to Lender pursuant to the provisions of this Agreement and cause each such Subsidiary the Credit Agreement, to execute and deliver to the Collateral Agent Lender a Joinder Agreement within 30 days of the date on which it was acquired or formed created and, upon such execution and delivery, such Subsidiary shall constitute a "Grantor" for all purposes hereunder with the same force and effect as if originally named as a Grantor herein. Upon the execution and delivery by any Subsidiary of a Joinder Agreement, the supplemental schedules attached to such Joinder Agreement shall be incorporated into and become part of and supplement the Schedules to this Agreement and each reference to such Schedules shall mean and be a reference to such Schedules as supplemented pursuant to each Joinder Agreement and from time to time. The execution and delivery of such Joinder Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (National Research Corp)

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