Joinder to the Collateral Agreement. i) In order to secure the Credit Agreement in accordance with the terms thereof, and to secure the payment and performance of all of the Obligations, the New Subsidiary hereby grants to the Administrative Agent, for the ratable benefit of itself and the other Secured Parties, a continuing security interest in and to all of the New Subsidiary’s right, title and interest in and to all Collateral whether now or hereafter owned or acquired by the New Subsidiary or in which the New Subsidiary now has or hereafter has or acquires any rights, and wherever located (the “New Collateral”). ii) The security interests are granted as security only and shall not subject the Administrative Agent or any other Secured Party to, or transfer to the Administrative Agent or any other Secured Party any obligation or liability, or in any 34 Insert description of agreement or transaction relating to creation of New Subsidiary. way affect or modify, any obligation or liability of the New Subsidiary with respect to any of the New Collateral or any transaction in connection therewith. iii) The New Subsidiary hereby agrees that it is a party to the Collateral Agreement as if a signatory thereof on the Effective Date of the Credit Agreement, and the New Subsidiary shall comply with all of the terms, covenants, conditions and agreements and hereby makes each representation and warranty, in each case set forth therein. The New Subsidiary hereby agrees that each reference to a “Grantor” or the “Grantors” in the Collateral Agreement and other Loan Documents shall include the New Subsidiary. The New Subsidiary agrees that “Collateral” as used therein shall include all New Collateral pledged pursuant hereto and the Collateral Agreement and “Collateral Agreement” or “Agreement” as used therein shall mean the Collateral Agreement as supplemented hereby.
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Samples: Credit Agreement (Geo Group Inc)
Joinder to the Collateral Agreement. (i) In order to secure the Credit Agreement in accordance with the terms thereof, and to secure the payment and performance of all of the Obligations, (A) the New Subsidiary hereby grants to the Administrative Agent, for the ratable benefit of itself and the other Secured PartiesLenders, a continuing security interest in and to all of the New Subsidiary’s right, title and interest in and to all Collateral whether now or hereafter owned or acquired by the New Subsidiary or in which the New Subsidiary now has or hereafter has or acquires any rights, and wherever located (the “New Collateral”)) and (B) the Borrower hereby confirms and reaffirms the Security Interests in and to all of the Collateral of the Borrower granted to the Administrative Agent, for the ratable benefit of itself and the Lenders, under the Collateral Agreement.
(ii) The security interests Security Interests are granted as security only and shall not subject the Administrative Agent or any other Secured Party Lender to, or transfer to the Administrative Agent or any other Secured Party any obligation or liabilityLender, or in any 34 Insert description of agreement or transaction relating to creation of New Subsidiary. way affect or modify, any obligation or liability of the Borrower or the New Subsidiary with respect to any of the New Collateral or any transaction in connection therewith.
(iii) The Borrower and the New Subsidiary hereby agrees agree that it by execution of this Agreement the New Subsidiary is a party to the Collateral Agreement as if a signatory thereof as a Grantor on the Effective Closing Date of the Credit Agreement, and the New Subsidiary shall (A) comply with with, and be subject to, and have the benefit of, all of the terms, covenants, conditions and conditions, agreements and obligations set forth in the Collateral Agreement and (B) hereby makes each representation and warranty, in each case warranty set forth therein. in the Collateral Agreement.
(iv) The Borrower and the New Subsidiary hereby agrees agree that each reference to a “Grantor” or the “Grantors” in the Collateral Agreement and other Loan Documents shall include the New Subsidiary. The Furthermore, the Borrower and the New Subsidiary agrees hereby agree that “Collateral” as used therein shall include all New Collateral pledged pursuant hereto and the Collateral Agreement Agreement, and “Collateral Agreement” or “Agreement” as used therein shall mean the Collateral Agreement as supplemented hereby.
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Joinder to the Collateral Agreement. i) In order to secure the Credit Agreement in accordance with the terms thereof, and to secure the payment and performance of all of the Obligations, the New Subsidiary hereby grants to the Administrative Agent, for the ratable benefit of itself and the other Secured Parties, a continuing security interest in and to all of the New Subsidiary’s right, title and interest in and to all Collateral whether now or hereafter owned or acquired by the New Subsidiary or in which the New Subsidiary now has or hereafter has or acquires any rights, and wherever located (the “New Collateral”).
ii) The security interests created hereby are granted as security only and shall not subject the Administrative Agent or any other Secured Party to, or transfer to the Administrative Agent or any other Secured Party any obligation or liability, or in any 34 Insert description of agreement or transaction relating to creation of New Subsidiary. way affect or modify, any obligation or liability of the New Subsidiary with respect to any of the New Collateral or any transaction in connection therewith. 7 Insert description of agreement or transaction relating to acquisition or creation of New Subsidiary.
iii) The New Subsidiary hereby agrees that it is a party to the Collateral Agreement as if a an original signatory thereof on the Effective Date of the Credit Agreementthereof, and the New Subsidiary shall comply with all of the terms, covenants, conditions and agreements and hereby makes each representation and warranty, in each case set forth therein. The New Subsidiary hereby agrees that each reference to a “Grantor” or the “Grantors” in the Collateral Agreement and other Loan Documents shall include the New Subsidiary. The New Subsidiary agrees that “Collateral” as used therein shall include all New Collateral pledged pursuant hereto and the Collateral Agreement and “Collateral Agreement” or “Agreement” as used therein shall mean the Collateral Agreement as supplemented hereby.
Appears in 1 contract
Samples: Credit Agreement (Geo Group Inc)
Joinder to the Collateral Agreement. (i) In order to secure the Amended and Restated Credit Agreement in accordance with the terms thereof, and to secure the payment and performance of all of the Obligations, the (A) each New Subsidiary hereby grants to the Administrative Agent, for the ratable benefit of itself and the other Secured PartiesLenders, a continuing security interest in and to all of the such New Subsidiary’s right, title and interest in and to all Collateral whether now or hereafter owned or acquired by the such New Subsidiary or in which the such New Subsidiary now has or hereafter has or acquires any rights, and wherever located (collectively, the “New Collateral”) and (B) the Borrower and StoneCo H each hereby (1) confirms and reaffirms the Security Interests in and to all of the Collateral of the Borrower and StoneCo H granted to the Administrative Agent, for the ratable benefit of itself and the Lenders, under the Collateral Agreement and (2) confirms and reaffirms that the Collateral of the Borrower and StoneCo H respectively includes the equity interests and other ownership interests owned by the Borrower and StoneCo H respectively in each applicable New Subsidiary (collectively, the “Additional Investment Collateral”).
(ii) The security interests Security Interests are granted as security only and shall not subject the Administrative Agent or any other Secured Party Lender to, or transfer to the Administrative Agent or any other Secured Party any obligation or liabilityLender, or in any 34 Insert description of agreement or transaction relating to creation of New Subsidiary. way affect or modify, any obligation or liability of the Borrower, StoneCo H or any New Subsidiary with respect to any of the New Collateral, the Additional Investment Collateral or any transaction in connection therewith.
(iii) The Borrower, StoneCo H and each New Subsidiary hereby agrees agree that it by execution of this Agreement each New Subsidiary is a party to the Collateral Agreement as if a signatory thereof as a Grantor and as a Subsidiary Issuer on the Effective Closing Date of the Amended and Restated Credit Agreement, and the each New Subsidiary shall (A) comply with with, and be subject to, and have the benefit of, all of the terms, covenants, conditions and conditions, agreements and obligations set forth in the Collateral Agreement and (B) hereby makes each representation and warranty, in each case warranty set forth therein. in the Collateral Agreement.
(iv) The Borrower, StoneCo H and each New Subsidiary hereby agrees agree that each reference to a “Grantor” or the “Grantors” in the Collateral Agreement and other Loan Documents shall include the New Subsidiary and each reference to a “Subsidiary Issuer” or “Issuer” in the Collateral Agreement and the other Loan Documents shall include each New Subsidiary. The Furthermore, the Borrower, StoneCo H and each New Subsidiary agrees hereby agree that “Collateral” as used therein shall include all New Collateral and the Additional Investment Collateral pledged pursuant hereto and the Collateral Agreement and Agreement, “Collateral Agreement” or “AgreementInvestment Collateral” as used therein shall mean the Collateral Agreement as supplemented hereby.include
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