Common use of Security Interests; Further Assurances Clause in Contracts

Security Interests; Further Assurances. (a) Promptly upon the reasonable request of the Agent or the Co-Collateral Agents, at the sole cost and expense of the Loan Parties, execute, acknowledge and deliver, or cause the execution, acknowledgment and delivery of, and thereafter register, file or record, or cause to be registered, filed or recorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Agent or the Co-Collateral Agents reasonably necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral intended to be covered by the Security Documents, subject to no other Liens except Permitted Liens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. (b) If the Agent, the Co-Collateral Agents or the Required Lenders determine that they are required by any Legal Requirements to have appraisals prepared in respect of the Real Property of any Loan Party constituting Collateral, the Loan Parties shall provide to the Agent or the Co-Collateral Agents (at the Loan Parties’ expense) appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Agent or the Co-Collateral Agents. (c) Deliver or cause to be delivered to the Agent from time to time such other documentation (including landlord-lender agreements and bailee letters), instruments, consents, authorizations, approvals and Orders in form and substance reasonably satisfactory to the Co-Collateral Agents as the Co-Collateral Agents shall reasonably deem necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents.

Appears in 3 contracts

Samples: Credit Agreement (Layne Christensen Co), Credit Agreement (Layne Christensen Co), Credit Agreement (Layne Christensen Co)

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Security Interests; Further Assurances. (a) Promptly Promptly, upon the reasonable request of the Administrative Agent or the Co-Collateral Agentsany Lender, at the sole cost and expense of the Loan PartiesBorrower's expense, execute, acknowledge and deliver, or cause the execution, acknowledgment acknowl- edgment and delivery of, and thereafter register, file or record, or cause to be registered, filed or recorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Co-Collateral Agents reasonably necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral intended covered thereby superior to be covered and prior to the rights of all third Persons other than the holders of Permitted Liens and subject to other Liens except as permitted by the Security Documents, subject to no other Liens except Permitted Liens, or obtain any consents consents. Deliver or waivers cause to be delivered to Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to Administrative Agent as Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by Administrative Agent or the Lenders of any power, right, privilege or remedy pursuant to any Credit Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority execute and deliver all applications, certifica- tions, instruments and other documents and papers that Administrative Agent or the Lenders may be necessary or appropriate in connection therewith. (b) so required to obtain. If the Agent, the Co-Collateral Agents Administrative Agent or the Required Lenders determine that they are required by any Legal Requirements law or regulation to have appraisals prepared in respect of the Real Property of any Loan Credit Party constituting Collateral, the Loan Parties Borrower shall provide to the Administrative Agent or the Co-Collateral Agents (at the Loan Parties’ expense) appraisals that satisfy the applicable requirements of the Real Estate Es- txxx Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Agent or the Co-Collateral AgentsAdministrative Agent. (c) Deliver or cause to be delivered to the Agent from time to time such other documentation (including landlord-lender agreements and bailee letters), instruments, consents, authorizations, approvals and Orders in form and substance reasonably satisfactory to the Co-Collateral Agents as the Co-Collateral Agents shall reasonably deem necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents.

Appears in 2 contracts

Samples: Credit Agreement (Hollywood Entertainment Corp), Credit Agreement (Hollywood Entertainment Corp)

Security Interests; Further Assurances. (a) Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or the Co-Collateral Agentsany Lender, at the sole cost and expense of the Loan PartiesBorrower's expense, execute, acknowledge and deliver, or cause the execution, acknowledgment and delivery of, and thereafter register, file or record, or cause to be registered, filed or recorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Co-Collateral Agents Agent reasonably necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral intended to be covered by the Security Documents, thereby subject to no other Liens except Permitted Liens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. (b) If the Agent, the Co-Collateral Agents . Deliver or the Required Lenders determine that they are required by any Legal Requirements cause to have appraisals prepared in respect of the Real Property of any Loan Party constituting Collateral, the Loan Parties shall provide be delivered to the Administrative Agent or and the Co-Collateral Agents (at the Loan Parties’ expense) appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA Agent from time to time such other documentation, consents, authorizations, approvals and are otherwise orders in form and substance reasonably satisfactory to the Administrative Agent or and the Co-Collateral Agents. (c) Deliver or cause to be delivered to the Agent from time to time such other documentation (including landlord-lender agreements and bailee letters), instruments, consents, authorizations, approvals and Orders in form and substance reasonably satisfactory to the Co-Collateral Agents as the Co-Administrative Agent and the Collateral Agents Agent shall reasonably deem necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may reasonably require.

Appears in 2 contracts

Samples: Credit Agreement (Adesa Inc), Credit Agreement (Adesa Inc)

Security Interests; Further Assurances. (a) Promptly As soon as reasonably practicable, upon the reasonable request of the Agent or the Co-Collateral AgentsAdministrative Agent, at the sole cost and expense of the Loan PartiesBorrower’s expense, execute, acknowledge and deliver, or cause the execution, acknowledgment and delivery of, and thereafter register, file or record, or cause to be registered, filed or recorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents Documents, the Final Order or otherwise deemed by the Administrative Agent or the Co-Collateral Agents Required Lenders reasonably necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral intended to be covered by the Security Documents, thereby subject to no other Liens except Permitted Liens, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate in connection therewith. (b) . Upon the exercise by the Administrative Agent or the Required Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or the Required Lenders may reasonably require. If the Agent, the Co-Collateral Agents Administrative Agent or the Required Lenders determine that they are required by any Legal Requirements law or regulation to have appraisals prepared in respect of the Real Property of any Loan Party Debtor constituting Collateral, the Loan Parties Borrower shall provide to the Administrative Agent or the Co-Collateral Agents (at the Loan Parties’ expense) appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent or the Co-Collateral AgentsRequired Lenders. (c) Deliver or cause to be delivered to the Agent from time to time such other documentation (including landlord-lender agreements and bailee letters), instruments, consents, authorizations, approvals and Orders in form and substance reasonably satisfactory to the Co-Collateral Agents as the Co-Collateral Agents shall reasonably deem necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents.

Appears in 1 contract

Samples: Debt Agreement (Raser Technologies Inc)

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Security Interests; Further Assurances. (a) Promptly Subject to the terms of the Intercreditor Agreement, promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or the Co-Collateral Agentsany Lender, at the sole cost and expense of the Loan PartiesU.S. Borrower’s expense, execute, acknowledge and deliver, or cause the execution, acknowledgment and delivery of, and thereafter register, file or record, or cause to be registered, filed or recorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Co-Collateral Agents Agent reasonably necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral intended to be covered by the Security Documents, thereby subject to no other Liens except Permitted Liensas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. (b) If . Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Co-Collateral Agents Agent or the Required Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or the Required Lenders may require. If the Administrative Agent, the Collateral Agent or the Required Lenders reasonably determine that they are required by any Legal Requirements law or regulation to have appraisals prepared in respect of the Real Property of any Loan Party constituting Collateral, the Loan Parties Borrowers shall provide to the Administrative Agent or the Co-Collateral Agents (at the Loan Parties’ expense) appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA or other applicable law and are otherwise in form and substance reasonably satisfactory to the Administrative Agent or the Co-Collateral Agents. (c) Deliver or cause to be delivered to the Agent from time to time such other documentation (including landlord-lender agreements and bailee letters), instruments, consents, authorizations, approvals and Orders in form and substance reasonably satisfactory to the Co-Collateral Agents as the Co-Collateral Agents shall reasonably deem necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security DocumentsAgent.

Appears in 1 contract

Samples: Credit Agreement (Ply Gem Holdings Inc)

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