Joinder to Security Agreement. As contemplated in the Credit Agreement, additional Subsidiaries may from time to time become parties hereto and additional Grantors hereunder by execution and delivery of a Joinder to Security Agreement. Such Joinder to Security Agreement shall be effective upon delivery by such additional Grantor, without further action or consent or notice to any party hereto. Upon delivery of such Joinder to Security Agreement, all obligations of each Grantor hereunder shall be joint and several with the obligations of each other Grantor hereunder.
Joinder to Security Agreement. IFC is hereby joined in, and hereby agrees that it is, and for all purposes after the date hereof shall be a “Grantor” party to the Security Agreement as if IFC were an original signatory thereto in the same manner and capacity as a “Grantor” thereunder. The term “Grantor” as used in the Security Agreement shall be deemed to include IFC. IFC acknowledges the Administrative Agent’s security interest in the Collateral and agrees that the Administrative Agent’s Liens on such Collateral granted under the Security Agreement are not released or impaired in any way as a result of the execution of this Joinder to Security Agreement (this “Joinder”). Additionally, IFC acknowledges that, by its execution of this Joinder, it has assigned and transferred to the Administrative Agent, and has granted to the Administrative Agent, for the benefit of the Secured Parties, a continuing security interest in all of its Collateral, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of each and all of the Secured Obligations. For the avoidance of doubt, IFC agrees and acknowledge that the following property of IFC shall be deemed to be “Collateral” under the Security Agreement as of the date of this Joinder: (a) all of the personal property now owned or at any time hereafter acquired by IFC or in which IFC now has or at any time in the future may acquire any right, title or interest, including all of IFC’s Accounts, Chattel Paper, Commercial Tort Claims, Deposit Accounts, Documents, Equipment, Fixtures, General Intangibles, Goods, Instruments, Intellectual Property, Inventory, Investment Property, Leases, Letter-of-Credit Rights, Money, Supporting Obligations and Identified Claims, (b) all books and records pertaining to any of the foregoing, (c) all Proceeds and products of any of the foregoing, and (d) all collateral security and guaranties given by any Person with respect to any of the foregoing. Notwithstanding anything to the contrary contained herein, the “Collateral” pledged by IFC shall not include (a) any asset to the extent that a grant of a security interest therein is validly prohibited by or not possible under any applicable Laws or is validly prohibited by, or constitutes a breach or default under or results in the termination of or gives rise to any right of acceleration, modification or cancellation under any contract, license, agreement, instrument or other document e...
Joinder to Security Agreement. Subject to delivery to the Bank of each of the "Joinder Agreement Documents" more particularly described in Article 6 of this Joinder Agreement:
3.1 Precision is hereby joined as a Borrower to the Security Agreement.
3.2 Precision assigns and grants to the Bank, as a secured party, a continuing lien on and security interest in the Collateral.
3.3 Precision makes, as of the date of this Joinder Agreement, all of the representations and warranties contained in the "Representations and Warranties" Section of the Security Agreement, which shall be continuing in nature and remain in full force and effect until the Obligations are paid in full, and which shall be true and correct.
3.4 Precision covenants and agrees to comply with:
A. The covenants contained in the "Grantors' Covenants" and the "Covenants for Accounts" Sections of the Security Agreement from the date of execution of this Joinder Agreement until all Obligations have been fully paid and any commitments of the Bank to the Grantors have been terminated;
B. The covenants contained in the "Negative Pledge; No Transfer" Section of the Security Agreement from the date of execution of this Joinder Agreement until all Obligations have been fully paid and any commitments of the Bank to the Grantors have been terminated; and
C. All of the other terms, conditions, covenants, agreements and obligations of each Borrower to be performed under and pursuant to the Security Agreement.
Joinder to Security Agreement. Investor hereby agrees to be become a party to and to be bound by all of the terms and provisions of the Security Agreement as a Buyer for all purposes thereunder. In addition, the Investor Note will be deemed to be a “Note” (as defined in the Security Agreement).
Joinder to Security Agreement. Each of the New Grantors agrees to become, and does hereby become, a “Grantor” under the Security Agreement and agrees to be bound by such Security Agreement as if originally a party thereto. Each of the New Grantors, subject to the terms and conditions of the Security Agreement, hereby grants the Administrative Agent a security interest in its Collateral. Each of the New Grantors represents and warrants that the Exhibits to the Security Agreement attached hereto as Schedule 1 are true and correct in all respects with respect to such Grantor and such Exhibits set forth all information required to be scheduled as of the date hereof under the Security Agreement with respect to such Grantor. To the extent required under the Security Agreement, each of the New Grantors shall take all steps necessary to perfect, in favor of the Administrative Agent, a security interest in and lien against such New Grantor’s Collateral.
Joinder to Security Agreement. (a) As security for the payment or performance, as the case may be, in full of the Secured Obligations, the New Grantor hereby bargains, assigns, mortgages, pledges, hypothecates and transfers to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, a security interest in, all of such New Grantor’s right, title and interest in, to and under the Collateral.
(b) New Grantor hereby (a) joins in the execution of, and becomes a party to, the Security Agreement, (b) agrees that the New Grantor shall, for all purposes, be deemed to be a “Grantor” under the Security Agreement, and (c) agrees that the New Grantor is bound by all representations, warranties, covenants, agreements, liabilities and obligations of the Grantors under the Security Agreement and all related documents, in each case, with the same force and effect as if the New Grantor was a signatory to the Security Agreement and such related documents and was expressly named therein (except to the extent that such representations, warranties, covenants, agreements, liabilities and obligations expressly related to an earlier date).
Joinder to Security Agreement. By executing and delivering a counterpart signature page to this Amendment, the Joining Loan Party, hereby becomes a party to the U.S. Security Agreement as a “Grantor” thereunder with the same force and effect as if originally named therein as a Grantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Grantor thereunder. The information set forth in Exhibit E hereto is hereby added to the information set forth in the appropriate Exhibits to the U.S. Security Agreement. The Joining Loan Party represents and warrants that the information set forth in Exhibit E attached hereto is true and correct in all respects and sets forth all information required to be scheduled under the U.S. Security Agreement with respect to the Joining Loan Party. The Joining Loan Party shall take all steps necessary to perfect, in favor of the Administrative Agent, a first-priority (except for Liens permitted to be prior under Section 4.1(g) of the U.S. Security Agreement) security interest in and lien against the Joining Loan Party’s Collateral, including, without limitation, delivering all certificated Pledged Collateral (if any) to the Administrative Agent (and other Collateral required to be delivered under the U.S. Security Agreement), and taking all steps necessary to properly perfect the Administrative Agent’s interest in any uncertificated Pledged Collateral.
Joinder to Security Agreement. Each of the Assumed Borrower and XxxXx has concurrently with the execution hereof executed and delivered to the Administrative Agent and Collateral Agent a supplement to the Security Agreement, and has or will take such other actions described in Section 6.11 of the Credit Agreement.
Joinder to Security Agreement. Each New Guarantor hereby agrees to be a Grantor under the Security Agreement, has concurrently herewith executed and delivered to the Collateral Agent a Supplement, in substantially the form of Annex 1 to the Security Agreement, and such New Guarantor agrees to be bound as a Grantor under the Security Agreement as if it had been an initial signatory thereto.
Joinder to Security Agreement. This Joinder to Security Agreement (this “Joinder”) is made as of this 23rd day of March 2006 by and among (a) each of the Grantors listed on the signature pages hereto (the “Existing Grantors”), (b) Record Town Utah, LLC (“Record Town Utah”) and (c) Bank of America, N.A., as Collateral Agent (in such capacity, the “Collateral Agent”) for the Secured Parties (as defined in the Security Agreement referred to below).
