Common use of Other Perfection Clause in Contracts

Other Perfection. Each Loan Party will execute and deliver to the Collateral Agent such security agreements, assignments and other papers as the Collateral Agent may at any time or from time to time reasonably request that are required to perfect or protect the security interest granted hereby. Each Loan Party shall also cooperate with the Lenders, if requested by the Lenders, in obtaining appropriate waivers or subordinations of interests from such third parties in any Collateral and in obtaining control of Collateral consisting of deposit accounts, investment property, letter-of-credit rights or electronic chattel paper. Each Loan Party shall promptly, and in any event within five (5) Business Days after the same is acquired by it, notify the Lenders of any commercial tort claim acquired by it and shall enter into a supplement to this Agreement granting to the Collateral Agent a security interest in such commercial tort claim.

Other Perfection. Each Loan Party will execute and deliver to the Collateral Agent Lender such security agreements, assignments and other papers as the Collateral Agent Lender may at any time or from time to time reasonably request that are required to perfect or protect the security interest granted hereby. Each Loan Party shall also cooperate with the LendersLender, if requested by the LendersLender, in obtaining appropriate waivers or subordinations of interests from such third parties in any Collateral and in obtaining control of Collateral consisting of deposit accounts, investment property, letter-of-credit rights or electronic chattel paper. Each Loan Party shall promptly, and in any event within five (5) Business Days after the same is acquired by it, notify the Lenders Lender of any commercial tort claim acquired by it and shall enter into a supplement to this Agreement granting to the Collateral Agent Lender a security interest in such commercial tort claim.