New Collateral. Pool Borrower shall propose a guarantor acceptable to Lender, which guarantor executes and delivers a guaranty acceptable to Lender;
New Collateral. If, before the Obligations shall have been irrevocably paid in full and the Commitment terminated, Pledgor shall obtain rights to any new Collateral, the provisions of this Agreement hereby shall automatically apply thereto as if the same were identified on Schedule 1 as of the date hereof and Pledgor shall give Lender prompt written notice thereof.
New Collateral. If, before the Obligations shall have been irrevocably paid in full, Borrower shall obtain rights to any new Collateral, the provisions of this Agreement hereby shall automatically apply thereto as if the same were identified on Schedule 1 as of the date hereof and Borrower shall give Lender prompt written notice thereof.
New Collateral. If, before the Debt shall have been satisfied in full, Pledgor shall obtain rights to any new Collateral, the provisions of Section 1 shall automatically apply thereto as if the same were identified on Schedule A as of the date hereof and Pledgor shall give Agent prompt written ---------- notice thereof.
New Collateral. Lender shall have received a first priority lien on and security interest in all real and personal property located on or associated with the Additional Sites (the “New Collateral”) to further secure payment and performance of all Obligations. In that connection: (i) Lender shall have completed its due diligence review of the New Collateral and the results shall be satisfactory to Lender in its sole and absolute discretion; (ii) Borrower shall have delivered to Lender such mortgages, deeds of trust, security agreements, pledges, and other documents as Lender may require, in form acceptable to Lender, in its sole and absolute discretion, granting to Lender a lien and security interest in the New Collateral, with each such document upon execution, to be deemed to be one of the Loan Documents; and (iii) all such documents and related UCC financing statements shall have been properly filed or recorded in the appropriate governmental recording office, as required by Lender. The New Collateral shall be considered part of the Collateral for all purposes under the Loan Documents. In addition, all documents to transfer fee title to the site at 0000 Xxxxxxxx Xxxxxx, Xxxxx, Xxxxx 00000 to Summit Hotel OP, LP, must be received by Lawyers Title, as escrow agent, and all conditions to recording such deed shall have been satisfied.
New Collateral. If the Borrower or any Restricted Subsidiary shall acquire any Material Real Property (or shall make improvements upon any existing real property interest resulting in such interest together with such improvements constituting Material Real Property), and, if the Administrative Agent elects to encumber such property in the Administrative Agent’s sole and absolute discretion, then
New Collateral. In order to create in favor of Collateral Agent (for the benefit of the Secured Parties) valid, perfected First Priority Liens in the New Collateral, subject to Permitted Liens, Borrowers shall have delivered to Collateral Agent evidence satisfactory to Collateral Agent of the compliance by the Obligors of their respective obligations under the Security Agreement, and the other Security Documents to which they are a party (including their obligations to execute and deliver (a) UCC financing statements and the results of a recent search by a Person satisfactory to Administrative Agent that there are no UCC or Tax or other Lien filings on any of the assets of Borrower Parties except for Liens pursuant to the A&R Loan Documents, (b) originals of securities, (c) instruments and chattel paper, and (d) any agreements governing deposit and/or securities accounts as provided therein).
New Collateral. On or before August 30, 2002, the Borrower shall have caused BGF Services to execute and deliver a Mortgage Instrument in favor of the Agent for the benefit of the Lenders encumbering its real property and improvements located at 00 Xxx Xxxxx Xxxx, Xxxxxxxxxx, Xxxxx Xxxxxxxx to secure its obligations under the BGF Services Guaranty and to otherwise secure the Credit Party Obligations and such other ancillary documentation as is required by the Agent in connection therewith including without limitation a title insurance policy in favor of the Agent for the benefit of the Lenders and an opinion of counsel to BGF Services in form and substance reasonably satisfactory to the Agent.
New Collateral. If and when any new Borrowing Base Asset is added (other than a new Borrowing Base Asset that is substituted pursuant to Section 7.3), for any reason, then all of the conditions described in Section 7.3 (excluding Section 7.3(c), but specifically including, without limitation, all conditions described in Section 6 as adopted by Section 7.3(d)) must be fulfilled as conditions precedent to the Borrower's ability to borrow any Revolving Credit Loans or obtain the issuance of any Letters of Credit attributable to the addition of such new Borrowing Base Asset.
New Collateral. Vessel documents Photocopies, certified as true (where feasible), accurate and complete by a director or the secretary or the legal advisers of each New Collateral Owner, of:
