New Subsidiaries. Pursuant to Section 5.11 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 18 contracts
Samples: Security Agreement (VOXX International Corp), Security Agreement (Jack Cooper Logistics, LLC), Security Agreement (Oclaro, Inc.)
New Subsidiaries. Pursuant to Section 5.11 5.01(i) of the Credit Agreement, certain new Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Security Agreement by executing and delivering in favor of the Collateral Agent a Joinder supplement to this Agreement in substantially the form of Annex 11 attached hereto. Upon the execution and delivery of Annex 1 by any each such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Security 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 hereunder.
Appears in 4 contracts
Samples: Credit Agreement (Alliance Resource Partners Lp), Credit Agreement (Alliance Resource Partners Lp), Credit Agreement (Alliance Holdings GP, L.P.)
New Subsidiaries. Pursuant to Section 5.11 5.16 of the Credit Agreement, certain Subsidiaries any new direct or indirect Subsidiary (whether by acquisition or creation) of any Grantor are is required to enter into this Agreement by executing and delivering in favor of Agent a Joinder supplement to this Agreement in substantially the form of Annex 11 attached hereto. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 4 contracts
Samples: Security Agreement (Ascendia Brands, Inc.), Security Agreement (Bell Industries Inc /New/), Security Agreement (Foothills Resources Inc)
New Subsidiaries. Pursuant to Section 5.11 5.16 of the Credit Agreement, certain Subsidiaries any new direct or indirect Subsidiary (whether by acquisition or creation) of any Grantor are Borrower is required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement an instrument in substantially the form of Annex 11 attached hereto. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 3 contracts
Samples: Security Agreement (SAVVIS, Inc.), Security Agreement (Hawaiian Holdings Inc), Security Agreement (Hawaiian Holdings Inc)
New Subsidiaries. Pursuant to Section 5.11 5.10 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Collateral Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 3 contracts
Samples: Security Agreement (Orbital Energy Group, Inc.), Security Agreement (Franchise Group, Inc.), Security Agreement (Liberty Tax, Inc.)
New Subsidiaries. Pursuant to Section 5.11 of the Credit Agreement, certain Subsidiaries any new direct or indirect Subsidiary (whether by acquisition or creation) of any Grantor are is required to enter into this Agreement by executing and delivering in favor of Agent a Joinder supplement to this Agreement in substantially the form of Annex 11 attached hereto. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 2 contracts
Samples: Security Agreement (Securus Technologies, Inc.), Security Agreement (Omniture, Inc.)
New Subsidiaries. Pursuant to To the extent required by Section 5.11 5.16 of the Credit Agreement, certain Subsidiaries any new direct or indirect Subsidiary (whether by acquisition or creation) of Borrowers or any other Grantor are is required to enter into this Agreement by executing and delivering in favor of Agent a Joinder supplement to this Security Agreement in substantially the form of Annex 11 attached hereto. Upon the execution and delivery of Annex 1 such supplement by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 2 contracts
Samples: Security Agreement (Boston Gear LLC), Security Agreement (TB Wood's INC)
New Subsidiaries. Pursuant to Section 5.11 5.16 of the Credit Agreement, certain Subsidiaries any new direct or indirect Subsidiary (whether by acquisition or creation) of any Grantor are Borrower is required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement an instrument in substantially the form of Annex 11 attached hereto. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 2 contracts
Samples: Security Agreement (Oasis Interval Ownership, LLC), Security Agreement (155 East Tropicana, LLC)
New Subsidiaries. Pursuant to Section 5.11 5(a)(x) of the Credit Note Purchase Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Collateral Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 2 contracts
Samples: Subordination Agreement (Tontine Capital Partners L P), Subordination Agreement (Patrick Industries Inc)
New Subsidiaries. Pursuant to To the extent required by Section 5.11 5.16 of the Credit Agreement, certain Subsidiaries any new direct or indirect Subsidiary (whether by acquisition or creation) of Parent, Borrowers or any other Grantor are is required to enter into this Agreement by executing and delivering in favor of Agent a Joinder supplement to this Security Agreement in substantially the form of Annex 11 attached hereto. Upon the execution and delivery of Annex 1 such supplement by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 2 contracts
Samples: Security Agreement (Monotype Imaging Holdings Inc.), Security Agreement (Monotype Imaging Holdings Inc.)
New Subsidiaries. Pursuant to Section 5.11 8.14 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 2 contracts
Samples: Security Agreement (Patrick Industries Inc), Security Agreement (Patrick Industries Inc)
New Subsidiaries. Pursuant to Section 5.11 5.12 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Security Agreement by executing and delivering in favor of the Collateral Agent a Joinder to this Agreement in substantially the form of Annex 1Agreement. Upon the execution and delivery of Annex 1 a Joinder Agreement by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Security Agreement shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (Supervalu Inc), Term Loan Credit Agreement (Supervalu Inc)
New Subsidiaries. Pursuant to Section 5.11 5.10 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 2 contracts
Samples: Pledge and Security Agreement (BlueLinx Holdings Inc.), Credit and Guaranty Agreement (BlueLinx Holdings Inc.)
New Subsidiaries. Pursuant to Section 5.11 7.12 of the Credit Agreement and Section 5L of the Note Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
Samples: Security Agreement (Twin Disc Inc)
New Subsidiaries. Pursuant to Section SECTION 5.11 of the Credit Agreement, certain Subsidiaries any new direct or indirect Subsidiary (whether by acquisition or creation) of any Grantor are is required to enter into this Agreement by executing and delivering in favor of Agent a Joinder supplement to this Agreement in substantially the form of Annex 1ANNEX 1 attached hereto. Upon the execution and delivery of Annex ANNEX 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
Samples: Security Agreement (Perkins & Marie Callender's Inc)
New Subsidiaries. Pursuant to Section 5.11 5.16 of the Credit Agreement, certain Subsidiaries any new direct or indirect Subsidiary (whether by acquisition or creation) of Borrower or any other Grantor are is required to enter into this Agreement by executing and delivering in favor of Agent a Joinder supplement to this Agreement in substantially the form of Annex 11 attached hereto. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
New Subsidiaries. Pursuant to Section 5.11 5.10 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor Global Parent are required to enter into this Agreement by executing and delivering in favor of Collateral Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
New Subsidiaries. Pursuant to Section 5.11 5.12 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Administrative Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
Samples: Credit Agreement (Gsi Group Inc)
New Subsidiaries. Pursuant to Section 5.11 9.12(e) of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
Samples: Term Loan Credit Agreement (Arc Document Solutions, Inc.)
New Subsidiaries. Pursuant to Section 5.11 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement in substantially the form of Annex 1Exhibit J-1 to the Credit Agreement. Upon the execution and delivery of Annex 1 Exhibit J-1 to the Credit Agreement by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
New Subsidiaries. Pursuant to Section 5.11 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
Samples: Security Agreement (Platinum Energy Solutions, Inc.)
New Subsidiaries. Pursuant to Section 5.11 5.18 of the Credit Agreement, certain Subsidiaries any new direct or indirect Subsidiary (whether by acquisition or creation) of any Grantor are Parent is required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement an instrument in substantially the form of Annex 11 attached hereto. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
Samples: Security Agreement (Emrise CORP)
New Subsidiaries. Pursuant to Section 5.11 5.10 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creationcreation or otherwise) of any Grantor Global Parent are required to enter into this Agreement by executing and delivering in favor of Administrative Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
New Subsidiaries. Pursuant to Section 5.11 6.11 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
New Subsidiaries. Pursuant to Section 5.11 5.12 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.
Appears in 1 contract
Samples: Security Agreement (Monotype Imaging Holdings Inc.)
New Subsidiaries. Pursuant to Section 5.11 5.13 of the Credit Agreement, certain Subsidiaries any new direct or indirect domestic Subsidiary (whether by acquisition acquisition, creation or creationdesignation) of any Grantor are a Loan Party is required to enter into this Security Agreement by executing and delivering in favor of the Administrative Agent a Joinder to this Agreement an instrument in substantially the form of Annex 1. I. Upon the execution and delivery of Annex 1 I by any such new domestic Subsidiary, such domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any other Grantor hereunderunder this Agreement. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.
Appears in 1 contract
New Subsidiaries. Pursuant to Section 5.11 5.10 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor Global Parent are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
New Subsidiaries. Pursuant to Section 5.11 5.18 of the Credit Agreement, certain new direct or indirect Subsidiaries (whether by acquisition or creation) of any Grantor Parent are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement an instrument in substantially the form of Annex 11 attached hereto. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
New Subsidiaries. Pursuant to Section 5.11 5.08 of the Credit Agreement, certain all new Subsidiaries (whether by acquisition or creation) of any Grantor Borrowers are required to enter into this Agreement by executing and delivering in favor of the Administrative Agent a Joinder supplement to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument document adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
New Subsidiaries. Pursuant to Section 5.11 5.11(b) of the Credit Agreement, certain new direct or indirect Subsidiaries (whether by acquisition or creation) of any Grantor Grantors are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder supplement to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any each such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
New Subsidiaries. Pursuant to Section 5.11 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Agent Lender a Joinder to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
Samples: Security Agreement (Platinum Energy Solutions, Inc.)
New Subsidiaries. Pursuant to Section 5.11 5.16 of the Credit Agreement, certain Subsidiaries any new direct or indirect Subsidiary (whether by acquisition or creation) of any Grantor are is required to enter into this Agreement by executing and delivering in favor of Agent a Joinder supplement to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
Samples: Security Agreement (Teltronics Inc)
New Subsidiaries. Pursuant to To the extent required by Section 5.11 5.16 of the Credit Agreement, certain Subsidiaries any new direct or indirect Subsidiary (whether by acquisition or creation) of any Grantor are is required to enter into this Agreement by executing and delivering in favor of Agent a Joinder supplement to this Agreement in substantially the form of Annex 11 attached hereto. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
Samples: Security Agreement (Bookham, Inc.)
New Subsidiaries. Pursuant to Section 5.11 of the Credit Agreement, certain new direct or indirect Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder supplement to this Agreement in substantially the form of Annex 1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract
Samples: Security Agreement (Realpage Inc)
New Subsidiaries. Pursuant to Section 5.11 8.14 of the Credit Agreement, certain Subsidiaries (whether by acquisition or creation) of any Grantor are required to enter into this Agreement by executing and delivering in favor of Agent a Joinder to this Agreement in substantially the form of Annex 1Exhibit I to the Credit Agreement. Upon the execution and delivery of Annex 1 such Joinder by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this 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 hereunder.
Appears in 1 contract