Common use of Notice of Commercial Tort Claims Clause in Contracts

Notice of Commercial Tort Claims. It agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and a supplement to Schedule 1 containing a specific description of such Commercial Tort Claim, (ii) Section 6.1 shall apply to such Commercial Tort Claim and (iii) it shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Secured Parties, a perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 delivered pursuant to this 4)i) shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 3 contracts

Samples: Guaranty and Security Agreement (Sunrun Inc.), Guaranty and Security Agreement (Sunrun Inc.), Guaranty and Security Agreement (Sunrun Inc.)

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Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence), (ia) it shall promptly following shall, within five Business Days of such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific reasonable description of such Commercial Tort Claim, (iib) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iiic) it shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.10 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Knology Inc), Pledge and Security Agreement (Knology Inc), Pledge and Security Agreement (Knology Inc)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim in excess of $1,000,000 (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, within thirty (30) after such acquisition, deliver to the Collateral Administrative Agent, in each case in form and substance satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.8 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 3 contracts

Samples: Credit Agreement (Marquee Holdings Inc.), Pledge and Security Agreement (Marquee Holdings Inc.), Pledge and Security Agreement (Amc Entertainment Inc)

Notice of Commercial Tort Claims. It agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and a supplement to Schedule 1 containing a specific description of such Commercial Tort Claim, (ii) Section 6.1 5.1 shall apply to such Commercial Tort Claim Claim, and (iii) it shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Secured Parties, a perfected security interest having at least the priority set forth in 3)e) Section 3.5 in all such Commercial Tort Claims. Any supplement to Schedule 1 delivered pursuant to this 4)i) shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 3 contracts

Samples: Guaranty and Security Agreement (Sunrun Inc.), Guaranty and Security Agreement (Sunrun Inc.), Guaranty and Security Agreement (Sunrun Inc.)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim commercial tort claim that constitutes Collateral (whether from another Person or because such Commercial Tort Claim commercial tort claim shall have come into existenceexistence constituting Collateral), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Administrative Agent, in each case in form and substance satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim commercial tort claim and a supplement to Schedule 1 9 of the Perfection Certificate containing a specific description of such Commercial Tort Claimcommercial tort claim, (ii) Section 6.1 3.1 shall apply to such Commercial Tort Claim commercial tort claim and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a perfected security interest having at least the priority set forth in 3)e) Section 4.2 in all such Commercial Tort Claimscommercial tort claims. Any supplement to Schedule 1 9 of the Perfection Certificate delivered pursuant to this 4)i) Section 5.6 shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 the Perfection Certificate for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Bombay Company Inc), Guaranty and Security Agreement (Bombay Co Inc)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence)) in an amount (taking the greater of the aggregate claimed damages thereunder or the reasonably estimated value thereof) in excess of $5,000,000, (ia) it shall promptly following shall, within five Business Days of such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific reasonable description of such Commercial Tort Claim, (iib) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iiic) it shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.10 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt. PLEDGE AND SECURITY AGREEMENT KNOLOGY, INC.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Knology Inc), Pledge and Security Agreement (Knology Inc)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence)) in excess of $2,500,000, (i) it shall such Grantor shall, promptly following upon such acquisition, deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Term Loan Secured Parties, a first-priority, perfected security interest having at least in all such Commercial Tort Claims, and on behalf of the priority set forth in 3)e) Multi-Currency Secured Parties, a second-priority, perfected security interest in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.11 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Revlon Consumer Products Corp), Pledge and Security Agreement (Revlon Consumer Products Corp)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence)) in excess of $2,500,000, (i) it shall such Grantor shall, promptly following upon such acquisition, deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Term Loan Secured Parties, a first-priority, perfected security interest having at least in all such Commercial Tort Claims, and on behalf of the priority set forth in 3)e) Multi-Currency Secured Parties and the Noteholder Secured Parties, a second-priority, perfected security interest in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.11 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 2 contracts

Samples: Third Amended And (Revlon Consumer Products Corp), Pledge and Security Agreement (Revlon Consumer Products Corp)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim with a value in excess of $500,000 (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall such Grantor shall, promptly following upon such acquisition, deliver to the Collateral Administrative Agent, in each case in form and substance satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 5 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 5 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.10 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 5 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 2 contracts

Samples: Credit Agreement (Orbital Sciences Corp /De/), Pledge and Security Agreement (Orbital Sciences Corp /De/)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Administrative Agent, in each case in form and substance satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 13.1 (Grant of Security Interest in Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority (subject to Permitted Encumbrances), perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 15.11 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (WCI Steel, Inc.)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire during any fiscal year any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence)) with a good faith estimated value in excess of $5,000,000, at the time that the Borrower delivers a Compliance Certificate to the Administrative Agent pursuant to Section 5.01(c) of the Credit Agreement for such fiscal year, (i) it such Grantor shall promptly following such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, Administrative Agent a sufficiently detailed notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 [_] to the Perfection Certificate containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral AgentAdministrative Agent any certificate, in each case in form agreement and substance reasonably satisfactory to the Collateral Agent, any other document, and take all other action, deemed by the Collateral Agent to be action reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 [_] to the Perfection Certificate delivered pursuant to this 4)iSection 4.8 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 [_] to the Perfection Certificate for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (Caseys General Stores Inc)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim with a reasonable expectation of recovery of at least $1,000,000 (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 6 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Secured Parties, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 6 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.10 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 6 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (Warnaco Group Inc /De/)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim with a reasonable expectation of recovery of at least $500,000 (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Administrative Agent, in each case in form and substance satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 6 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured Parties, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 6 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.10 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 6 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (Warnaco Group Inc /De/)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence)) with a good faith estimated value in excess of $5,000,000, (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, Administrative Agent a sufficiently detailed notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral AgentAdministrative Agent any certificate, in each case in form agreement and substance reasonably satisfactory to the Collateral Agent, any other document, and take all other action, deemed by the Collateral Agent to be action reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.8 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (Delphi Automotive PLC)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim with a reasonable expectation of recovery of at least $1,000,000 (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 6 containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Secured Parties, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 6 delivered pursuant to this 4)iSection 4.10 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 6 for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (Warnaco Group Inc /De/)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire during any fiscal year any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence)) with a good faith estimated value in excess of $5,000,000, at the time that the Borrower Agent delivers a Compliance Certificate to the Administrative Agent pursuant to Section 5.01(c) of the Credit Agreement for such fiscal year, (i) it such Grantor shall promptly following such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, Administrative Agent a sufficiently detailed notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 12 to the Perfection Certificate containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral AgentAdministrative Agent any certificate, in each case in form agreement and substance reasonably satisfactory to the Collateral Agent, any other document, and take all other action, deemed by the Collateral Agent to be action reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 12 to the Perfection Certificate delivered pursuant to this 4)iSection 4.8 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 12 to the Perfection Certificate for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (Delphi Technologies PLC)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, certified by such Grantor as true, correct and complete, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim (and the Grantor authorizes the Collateral Agent to supplement such schedule with a description of such Commercial Tort Claim if such Grantor fails to deliver the supplement described in clause (i)) and (iii) it such Grantor shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Senior Secured Parties, a first priority, perfected security interest having at least in all such Commercial Tort Claims, and on behalf of the priority set forth in 3)e) Junior Secured Parties, a second-priority, perfected security interest in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.12 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Agent, shall become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect than, absent a written consent of the Collateral Agent, for purpose of the representations and warranties made prior to the date of such receiptset forth in Section 3.9 (Commercial Tort Claims).

Appears in 1 contract

Samples: Pledge and Security Agreement (Hli Operating Co Inc)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2 (Grant of Security Interests) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Secured PartiesNoteholders, a a, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.12 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 7(Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Security Agreement (GNLV Corp)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim reasonably expected to result, individually, in a settlement in excess of $500,000 (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Administrative Agent, in each case in form and substance satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.9 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (Amkor Technology Inc)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim in excess of $250,000 (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.9 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (Edo Corp)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim in excess of $1,000,000 (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, within thirty (30) after such acquisition, deliver to the Collateral Administrative Agent, in each case in form and substance satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.8 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (Amc Entertainment Inc)

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Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence)) other than a Commercial Tort Claim that is First Mortgage Collateral, (i) it shall promptly following such acquisitionGrantor shall, immediately upon such acquisition deliver to the Collateral Administrative Agent, in each case in form and substance satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.9 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (Constar International Inc)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence), in an amount in excess of $1,000,000, (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Administrative Agent, in each case in form and substance satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.11 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt. No Grantor shall be deemed to hold or to have acquired any Commercial Tort Claim unless and until such Grantor shall have filed such Commercial Tort Claim in a court or tribunal having jurisdiction over such Commercial Tort Claim.

Appears in 1 contract

Samples: Pledge and Security Agreement (Alaris Medical Systems Inc)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim in excess of $1,000,000 (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, subject to the Intercreditor Agreement, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.9 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (J Crew Group Inc)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim with a reasonable expectation of recovery of at least $1,000,000 (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 6 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Revolving Credit Secured Parties, a first-priority, perfected security interest having at least in all such Commercial Tort Claims, and on behalf of the priority set forth in 3)e) Term Loan Secured Parties, a second-priority, perfected security interest in all such Commercial Tort Claims. Any supplement to Schedule 1 6 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.10 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 6 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (Warnaco Group Inc /De/)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Administrative Agent, in each case in form and substance satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, certified by such Grantor as true, correct and complete, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim (and the Grantors authorize the Administrative Agent to supplement such schedule with a description of such Commercial Tort Claim if such Grantor fails to deliver the supplement described in clause (i)) and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.10 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Agent, shall become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect than, absent a written consent of the Administrative Agent, for purpose of the representations and warranties made prior to the date of such receiptset forth in Section 3.9 (Commercial Tort Claims).

Appears in 1 contract

Samples: Security Agreement (Dominion Homes Inc)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim with a reasonable expectation of recovery of at least $1,000,000 (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 6 containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Secured Parties, a first-priority, perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 6 delivered pursuant to this 4)iSection 4.10 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 6 for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Security Agreement (Warnaco Group Inc /De/)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim commercial tort claim (whether from another Person or because such Commercial Tort Claim commercial tort claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Second Lien Collateral Agent, in each case in form and substance satisfactory to the Second Lien Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim commercial tort claim and a supplement to Schedule 1 containing a specific description of such Commercial Tort Claimcommercial tort claim, (ii) Section 6.1 3.1 shall apply to such Commercial Tort Claim commercial tort claim and (iii) it such Grantor shall execute and deliver to the Second Lien Collateral Agent, in each case in form and substance reasonably satisfactory to the Second Lien Collateral Agent, any document, and take all other action, deemed by the Second Lien Collateral Agent to be reasonably necessary or appropriate for the Second Lien Collateral Agent to obtain, on behalf of the Secured PartiesLenders, a perfected security interest having at least the priority set forth in 3)e) Section 4.2 in all such Commercial Tort Claimscommercial tort claims. Any supplement to Schedule 1 delivered pursuant to this 4)i) Section 5.9 shall, after the receipt thereof by the Second Lien Collateral Agent, become part of Schedule 1 for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Guaranty and Security Agreement (CSAV Holding Corp.)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim commercial tort claim with a value reasonably expected to exceed $1,000,000 (whether from another Person or because such Commercial Tort Claim commercial tort claim shall have come into existence)) for which a claim has been filed in a court of competent jurisdiction, (i) it shall promptly following such acquisitionGrantor shall, upon obtaining knowledge of such acquisition or existence, deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral AgentAgent and within the time period required for taking actions in respect of after-acquired property under Section 6.12 of the Credit Agreement, a notice of the existence and nature of such Commercial Tort Claim commercial tort claim and a supplement to Schedule 1 containing a specific description of such Commercial Tort Claimcommercial tort claim that is sufficient to identify it for the purposes of granting a Lien under Article 9 of the UCC, (ii) Section 6.1 2.1 shall apply to such Commercial Tort Claim commercial tort claim and (iii) it such Grantor shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf for the benefit of the Secured Parties, a perfected security interest having at least the priority set forth in 3)e) Section 3.2 in all such Commercial Tort Claimscommercial tort claims, but subject in any event to the limitations described in Section 4.1(b). Any supplement to Schedule 1 delivered pursuant to this 4)i) Section 4.6 shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.. ARTICLE V. REMEDIAL PROVISIONS Section 5.1

Appears in 1 contract

Samples: Credit Agreement (Midwest Holding Inc.)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence), (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Administrative Agent, in each case in form and substance satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Grant of Security Interest in Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Administrative Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured PartiesLenders, a first-priority (subject to Permitted Encumbrances), perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 4.11 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (WCI Steel, Inc.)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim commercial tort claim in excess of $100,000 for which the applicable Grantor has elected to prosecute the underlying claim (whether from another Person or because such Commercial Tort Claim commercial tort claim shall have come into existence), (i) it shall such Grantor shall, promptly following upon such acquisition, deliver to the Collateral AgentPurchaser, in each case in form and substance reasonably satisfactory to the Collateral AgentPurchaser by no later than thirty (30) Business Days (or such longer period as the Purchaser may permit in its sole discretion) after which such commercial tort claim was acquired, a notice of the existence and nature of such Commercial Tort Claim commercial tort claim and a supplement to Schedule 1 containing a specific description of such Commercial Tort Claimcommercial tort claim, (ii) Section 6.1 3.1 shall apply to such Commercial Tort Claim commercial tort claim and (iii) it such Grantor shall execute and deliver to the Collateral AgentPurchaser, in each case in form and substance reasonably satisfactory to the Collateral AgentPurchaser, any document, and take all other action, deemed by the Collateral Agent Purchaser to be reasonably necessary or appropriate for the Collateral Agent Purchaser to obtain, on behalf of the Secured Parties, obtain a perfected security interest having at least the priority set forth in 3)e) Section 4.2 in all such Commercial Tort Claimscommercial tort claims. Any supplement to Schedule 1 delivered pursuant to this 4)i) Section 5.8 shall, after the receipt thereof by the Collateral AgentPurchaser, become part of Schedule 1 for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Joinder Agreement (TLG Acquisition One Corp.)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire or have any interest commercial tort claim with requested damages in any Commercial Tort Claim (whether from another Person excess of $2,000,000 individually or because such Commercial Tort Claim shall have come into existence)$4,000,000 in the aggregate, (i) it shall such Grantor shall, promptly following such acquisition(but in any event no later than the next date for delivery of financial statements under Section 4.03 of the First Lien Indenture), deliver to the Collateral AgentTrustee, in each case in form and substance satisfactory to the Collateral AgentTrustee, a notice of the existence and nature of such Commercial Tort Claim commercial tort claims and a supplement to Schedule 1 containing a specific description of such Commercial Tort Claimcommercial tort claims, (ii) Section 6.1 3.1 shall apply to such Commercial Tort Claim commercial tort claims and (iii) it such Grantor shall execute and deliver to the Collateral AgentTrustee, in each case in form and substance reasonably satisfactory to the Collateral AgentTrustee, any document, and take all other action, deemed by the Collateral Agent Trustee to be reasonably necessary or appropriate for the Collateral Agent Trustee to obtain, on behalf of the Secured Parties, a perfected security interest having at least the priority set forth in 3)e) Section 4.2 in all such Commercial Tort Claimscommercial tort claims. Any supplement to Schedule 1 delivered pursuant to this 4)i) Section 5.8 shall, after the receipt thereof by the Collateral AgentTrustee, become part of Schedule 1 for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.. Article XI

Appears in 1 contract

Samples: Security Agreement (Unisys Corp)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim commercial tort claim (whether from another Person or because such Commercial Tort Claim commercial tort claim shall have come into existenceexistence after the date hereof) (other than any commercial tort claim for which a complaint has not been filed in a court of competent jurisdiction or having a value, taking the greater of the aggregate claimed damages thereunder having an aggregate amount, when added together with all other then existing commercial tort claims of such Grantor, that exceeds $3,000,000), (i) it shall promptly following such Grantor shall, within forty-five (45) days of such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and a supplement to Schedule 1 containing a specific description of such Commercial Tort Claim, (ii) Section 6.1 shall apply to such Commercial Tort Claim and (iii) it shall execute and deliver to the Collateral Administrative Agent, in each case in form and substance reasonably satisfactory to the Collateral Administrative Agent, a notice of the existence and nature of such commercial tort claim and a supplement to Schedule 1 containing a specific descrip- tion of such commercial tort claim, (ii) Section 3.1 shall apply to such commercial tort claim and (iii) such Grantor shall execute and deliver to the Administrative Agent, in each case in form and substance reasonably satisfactory to the Administrative Agent, any document, and take all other action, deemed action reasonably required by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Administrative Agent to obtain, on behalf of the Secured Parties, a perfected security interest having at least in- terest under the priority set forth terms and pursuant to the provisions of this Agreement in 3)e) in all such Commercial Tort Claimscommercial tort claim. Any supplement to Schedule 1 delivered pursuant to this 4)i) Section 5.8 shall, after the receipt thereof by the Collateral Administrative Agent, become part of Schedule 1 for all purposes hereunder other than in respect of representations rep- resentations and warranties made prior to the date of such receipt.. Section 5.9

Appears in 1 contract

Samples: Guaranty and Security Agreement (Townsquare Media, Inc.)

Notice of Commercial Tort Claims. It Such Grantor agrees that, if it shall acquire any interest in any Commercial Tort Claim (whether from another Person or because such Commercial Tort Claim shall have come into existence)) with respect to which pleadings or a complaint has been filed in any court or which exceed $500,000, (i) it shall promptly following such Grantor shall, immediately upon such acquisition, deliver to the Collateral Agent, in each case in form and substance satisfactory to the Collateral Agent, a notice of the existence and nature of such Commercial Tort Claim and deliver a supplement to Schedule 1 7 (Commercial Tort Claims) containing a specific description of such Commercial Tort Claim, (ii) the provision of Section 6.1 2.1 (Collateral) shall apply to such Commercial Tort Claim and (iii) it such Grantor shall execute and deliver to the Collateral Agent, in each case in form and substance reasonably satisfactory to the Collateral Agent, any certificate, agreement and other document, and take all other action, deemed by the Collateral Agent to be reasonably necessary or appropriate for the Collateral Agent to obtain, on behalf of the Secured Parties, a perfected security interest having at least the priority set forth in 3)e) in all such Commercial Tort Claims. Any supplement to Schedule 1 7 (Commercial Tort Claims) delivered pursuant to this 4)iSection 5.9 (Notice of Commercial Tort Claims) shall, after the receipt thereof by the Collateral Agent, become part of Schedule 1 7 (Commercial Tort Claims) for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt.

Appears in 1 contract

Samples: Pledge and Security Agreement (UTi WORLDWIDE INC)

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