Subsidiary Collateral Sample Clauses
Subsidiary Collateral. Simultaneous herewith, the Subsidiary ---------------------- Borrowers are delivering the following:
(a) the Subsidiary Borrower Revolving Credit Note, (b) a guaranty of the Obligations of Borrower, and (c) security agreements pledging certain assets.
Subsidiary Collateral. As further security for all indebtedness of Borrower to Bank under this Agreement and the other Loan Documents, Borrower shall cause:
(i) Austron, Efratom and Systems to grant to the Collateral Agent, on behalf of Bank, Liens of first priority in all of their respective personal property including all accounts, rights to payment, general intangibles (including patents and patent applications), chattel paper, deposit accounts, instruments, inventory, equipment, furniture, fixtures and products and proceeds of all of the foregoing;
(ii) Austron to grant to the Collateral Agent, on behalf of Bank, a Lien of not less than first priority on the Vision Drive Real Property; and
(iii) Systems to grant to the Collateral Agent, on behalf of Bank, a Lien of not less than first priority on the Toze▇ ▇▇▇d Real Property.
Subsidiary Collateral. As further security for all indebtedness of Borrower to Bank under this Agreement and the other Loan Documents, Borrower shall take such steps as Bank may require to cause:
(i) Austron, Efratom, Systems, Digital, Datum-Austin I, Datum-A▇▇▇▇▇ ▇▇ and A▇▇▇▇▇-Datum to reaffirm their respective grants to Bank of Liens of first priority in all of their respective personal property including all accounts, rights to payment, general intangibles (including patents and patent applications), chattel paper, deposit accounts, instruments, inventory, equipment, furniture, fixtures and products and proceeds of all of the foregoing; and
(ii) Systems to reaffirm its grant to Bank of a Lien of not less than first priority on the T▇▇▇▇ Road Real Property (which Lien shall secure only Systems’ obligations under its guaranty to Bank).
Subsidiary Collateral. Cause certain subsidiaries to provide guaranties of the obligations, which may be secured.
Subsidiary Collateral. As further security for all indebtedness of Borrower to Bank under this Agreement and the other Loan Documents, Borrower shall cause:
2.7.0.0.0.2.1. Austron, Efratom, Systems and Digital to grant to Bank Liens of first priority in all of their respective personal property including all accounts, rights to payment, general intangibles (including patents and patent applications), chattel paper, deposit accounts, instruments, inventory, equipment, furniture, fixtures and products and proceeds of all of the foregoing;
2.7.0.0.0.2.2. Austron to grant to Bank a Lien of not less than first priority on the Vision Drive Real Property (which Lien shall secure only Austron's obligations under its guaranty to Bank); and
2.7.0.0.0.2.3. Systems to grant to Bank a Lien of not less than first priority on the Toze▇ ▇▇▇d Real Property (which Lien shall secure only Systems' obligations under its guaranty to Bank).
Subsidiary Collateral. At the request of Lender, Borrower shall cause the Subsidiaries to execute and deliver such security agreements and other documents as Lender reasonably deems appropriate to secure performance of any guaranties with a first priority Lien on the assets of each such Subsidiary, subject to Permitted Liens.
Subsidiary Collateral. Simultaneous herewith, DMC is delivering the following: (a) a reaffirmation of guaranty of the Obligations of Borrower, and (c) an amendments to the security agreement pursuant to which DMC pledged certain assets to secure said guaranty.