Security Documents; Additional Collateral. (a) In order to secure the due and punctual payment of the Notes Obligations, (i) on the Issue Date, simultaneously with the execution and delivery of this Indenture, the Collateral Grantors have executed Security Documents granting to the Collateral Agent for the benefit (or, where applicable, as direct representative) of the Secured Creditors a first-priority perfected Lien in the Collateral, and (ii) after the Issue Date, each Subsidiary of Holdings that is required to become a Collateral Grantor pursuant to Section 4.27 shall execute and deliver the necessary Security Documents in order to grant to the Collateral Agent a first-priority perfected Lien in all assets of such Subsidiary which are required to, but do not already, constitute Collateral.
Security Documents; Additional Collateral. (a) In order to secure the due and punctual payment of the Securities and all other Obligations in respect of the Securities and this Indenture and the Security Documents, and the other amounts payable to the Trustee hereunder, the Company and the Guarantors shall, on the Issue Date or thereafter in accordance with the provisions of this Section 10.1 and Section 10.2 hereof, enter into the applicable Security Documents to create the Lien on the Collateral in favor of the Notes Collateral Agent (subject to the terms of the Intercreditor Agreement) for the benefit of the Noteholder Secured Parties and to provide for certain related intercreditor matters. The Trustee and the Company hereby acknowledge and agree that the Notes Collateral Agent holds the Collateral in trust for the benefit of the Noteholder Secured Parties, in each case pursuant to the terms of the Security Documents and the Intercreditor Agreement. Each Holder, by accepting a Security (including any Indebtedness issued after the Issue Date pursuant to clause (iii) of the fourth paragraph of Section 2.2), consents and agrees to the terms of the Security Documents (including the provisions providing for the possession, use, release and foreclosure of Collateral) and the Intercreditor Agreement as the same may be in effect or may be amended from time to time in accordance with their terms and this Indenture and the Intercreditor Agreement, and authorizes and directs the Notes Collateral Agent to enter into the Security Documents and the Intercreditor Agreement and to perform its obligations and exercise its rights thereunder in accordance therewith; provided, however, that if any of the provisions of the Security Documents limit, qualify or conflict with the duties imposed by the provisions of the TIA, the TIA shall control. Any Guarantor shall, upon becoming a Guarantor, become a party to each applicable Security Document as shall be necessary or appropriate to grant and create a valid Lien on and security interest in the personal property of such Guarantor of the type described in the definition of “Collateral” in the Security Agreement and, to the extent required by Section 10.1(b), all real property owned by such Guarantor, in each case, subject to no Liens other than Liens permitted by this Indenture and the Security Documents. In furtherance and in compliance with the provisions of Section 4.19 herein, after the Issue Date, to further secure the Obligations in respect of the Securities and ...
Security Documents; Additional Collateral. 79 SECTION 12.02. Releases of Collateral 79 SECTION 12.03. Release Documentation 80
Security Documents; Additional Collateral. Recording, Registration and Opinions. Releases of Collateral. Authorization of Actions to Be Taken by the Collateral Agent Under the Security Documents. Authorization of Receipt of Funds by the Trustee Under the Security Agreement. Powers Exercisable by Receiver or Collateral Agent.
Security Documents; Additional Collateral. (a) In order to secure the due and punctual payment of the Notes and all other Obligations in respect of the Notes and this Indenture, and the other amounts payable to the Trustee hereunder, the Company and the Guarantors shall, on the Issue Date, enter into the applicable Security Documents to create the Lien on the Collateral in favor of the Collateral Agent for the benefit of the Notes Secured Creditors and to provide for certain related intercreditor matters. Any Guarantor shall, upon becoming a Guarantor, become a party to each applicable Security Document as shall be necessary or appropriate to grant and create a valid Lien on and security interest in the personal property of such Guarantor of the type described in the definition of “Collateral” in the U.S. Security Agreement and, to the extent required by the Senior Credit Facility, all real property owned by such Guarantor, in each case, subject to no Liens other than Permitted Liens.
Security Documents; Additional Collateral. (a) In order to secure the due and punctual payment of the Notes and all other Obligations in respect of the Notes and this Indenture and the Obligations of the Guarantors under the Guarantees, and the other amounts payable to the Trustee hereunder, the Company and the Guarantors shall, on the Issue Date, enter into the applicable Security Documents to create the Lien on the Collateral in favor of the Collateral Agent for the benefit of the Notes Secured Creditors. Any Guarantor shall, upon becoming a Guarantor, become a party to each applicable Security Document as shall be necessary or appropriate to grant and create a valid Lien on and security interest in the personal property of such Guarantor of the type described in the definition of “Collateral” in the Security Agreement and, to the extent required by the Senior Credit Facilities, all real property owned by such Guarantor, in each case, in favor of the Collateral Agent subject to no Liens other than Permitted Liens. All such Security Documents shall be subject to the terms and conditions of the Intercreditor Agreement. In the event of any conflict between the terms of the Notes, this Indenture and the Security Documents, on the one hand, and the Intercreditor Agreement, on the other hand, the terms of the Intercreditor Agreement shall control.
Security Documents; Additional Collateral. 84 SECTION 12.2. Recording, Etc.................................................................... 85 SECTION 12.3. Possession, Use and Release of Collateral......................................... 86 SECTION 12.4. Trust Indenture Act Requirements.................................................. 87 SECTION 12.5. Suits To Protect the Collateral................................................... 87 SECTION 12.6. Purchaser Protected............................................................... 88 SECTION 12.7. Powers Exercisable by Receiver or Trustee......................................... 88 SECTION 12.8. Disposition of Obligations Received............................................... 88 SECTION 12.9. Determinations Relating to Collateral............................................. 88 SECTION 12.10. Renewal and Refunding............................................................. 89 SECTION 12.11. Release upon Termination of Issuer's Obligations.................................. 89 SECTION 12.12.
Security Documents; Additional Collateral. 84 Section 10.02. Opinions................................................................................. 84 Section 10.03. Suits to Protect the Collateral.......................................................... 84 Section 10.04. Release of Collateral.................................................................... 85 Section 10.05. Sufficiency of Release................................................................... 86 Section 10.06. Actions by the Trustee................................................................... 86
Security Documents; Additional Collateral. From and after the Trigger Date, so long as a Collateral Period is then in effect, subject to the terms, limitations and exceptions set forth in the applicable Security Documents, simultaneously with a Subsidiary becoming a Guarantor under this Agreement in accordance with the terms and conditions of Section 5.09(a), the Borrower will cause such Subsidiary to enter into a joinder to the Security Agreement, such joinder to the Security Agreement to be accompanied by requisite resolutions, other organizational documentation and legal opinions as may be reasonably requested by, and in form and substance reasonably satisfactory to, the Administrative Agent and its counsel.
Security Documents; Additional Collateral. In order to secure the due and punctual payment of the principal of, premium, if any, and interest on the Notes and any Permitted Additional Pari Passu Obligations, in the case of the Issuers, and the Note Guarantees, in the case of the Guarantors, when and as the same shall be due and payable, the Issuers, the Guarantors, the Collateral Agent and the other parties thereto have simultaneously with the execution of this Indenture entered or, in accordance with the provisions of Section 4.17, 4.23 or 4.24, will enter into the Security Agreement, the Mortgages or other Security Documents to create the security interests securing such obligations. The Issuers and the Parent shall, and shall cause each Restricted Subsidiary to use commercially reasonable efforts, do all filings (including filings of continuation statements and amendments to UCC financing statements and PPSA financing statements that may be necessary to continue the effectiveness of such UCC financing statements or PPSA financing statements, as applicable) and use commercially reasonably efforts to take all other actions as are required by the Security Documents to maintain (at the sole cost and expense of the Issuers, the Parent and the Restricted Subsidiaries) the security interest created by the Security Documents in the Collateral (other than with respect to any Collateral the security interest in which is not required to be perfected under the Security Documents) as a perfected third priority security interest subject only to Permitted Collateral Liens.
