Common use of Additional Collateral, etc Clause in Contracts

Additional Collateral, etc. With respect to any property acquired after the Closing Date by any Group Member (other than (w) any property described in paragraph (b), (c) or (d) below, (x) any property subject to a Lien expressly permitted by Section 8.3(f), (y) property acquired by any Foreign Subsidiary and (z) any property of the type not required to be pledged pursuant to the Security Documents) as to which the Administrative Agent, for the benefit of the Secured Parties, does not have a perfected Lien, promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative Agent reasonably deems necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured Parties, a security interest in such property and (ii) take all actions necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected first priority security interest in such property (subject to Liens permitted under Section 8.3), including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent.

Appears in 2 contracts

Sources: Credit Agreement (Protection One Alarm Monitoring Inc), Credit Agreement (Protection One Alarm Monitoring Inc)

Additional Collateral, etc. With respect to any property acquired after the Closing Date by any Group Member (other than (w) any property described in paragraph (b), (c) or (d) below, (xy) any property subject to a Lien expressly permitted by Section 8.3(f), ) and (yz) property acquired by any Foreign Subsidiary and (z) any property of the type not required to be pledged pursuant to the Security Documents) as to which the Administrative Agent, for the benefit of the Secured Parties, does not have a perfected Lien, promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative Agent reasonably deems necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured Parties, a security interest in such property and (ii) take all actions necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected first priority security interest in such property (subject to Liens permitted under Section 8.3), including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Protection One Alarm Monitoring Inc)

Additional Collateral, etc. With respect to any property acquired after the Closing Date by any Group Member (other than (w) any property described in paragraph (b), (c) or (d) below, (xy) any property subject to a Lien expressly permitted by Section 8.3(f), 7.3(c) and (yz) property acquired by any Foreign Subsidiary and (z) any property of the type not required to be pledged pursuant to the Security DocumentsSpecified Subsidiary) as to which the Administrative Agent, for the benefit of the Secured Parties, does not have a perfected Lien, promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative Agent reasonably deems necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured Parties, a security interest in such property and (ii) take all actions necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected first priority security interest in such property (subject to Liens permitted under Section 8.3)property, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Rent a Center Inc De)

Additional Collateral, etc. With respect to any property acquired after the Closing Date by any Group Member (other than (w) any property described in paragraph (b), (c), (d) or (de) below, (x) any property subject to a Lien expressly permitted by Section 8.3(f7.3(g), (y) property acquired by any Excluded Foreign Subsidiary and (z) any property of not meeting the type not required to be pledged pursuant to minimum thresholds set forth in the Security DocumentsGuarantee and Collateral Agreement) as to which the Administrative Agent, for the benefit of the Secured PartiesLenders, does not have a perfected Lien, promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative Agent reasonably deems necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured PartiesLenders, a security interest in such property and (ii) take all actions necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured PartiesLenders, a perfected first priority security interest in such property (subject to Liens permitted under Section 8.3)property, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Dave & Busters Inc)

Additional Collateral, etc. With respect (a) If at any time following the Closing Date the aggregate monetary value (as determined by aggregating the monetary value of each item or items of property so acquired on the date of the acquisition thereof) of all property (to the extent not already secured) of any property nature whatsoever acquired by the Borrower or any Subsidiary after the Closing Date by any Group Member is in excess of $500,000 (other than (wi) any property Property described in paragraph (b), (c) or (d) below, below and (xii) any property Property subject to a Lien expressly permitted by Section 8.3(fsubsection 7.3(g), (y) property acquired by any Foreign Subsidiary and (z) any property of the type not required to be pledged pursuant to the Security Documents) as to which the Administrative Agent, for the benefit of the Secured PartiesLenders, does not have a perfected Lien, promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative Agent reasonably deems necessary or advisable in order to grant to the Administrative Agent, for the benefit of the Secured PartiesLenders, a security interest in such property Property and (ii) take all actions necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured PartiesLenders, a perfected first priority security interest in such property (subject to Liens permitted under Section 8.3)Property, including without limitation, the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by and filings with the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent.United States Patent and

Appears in 1 contract

Sources: Credit Agreement (STC Broadcasting Inc)

Additional Collateral, etc. With respect to any property acquired after the Closing Date by the Borrower or any Group Member of its Subsidiaries (other than (w) any vehicles and any immaterial inventory and equipment, (x) any property described in paragraph (b), (c) or (d) below, (xy) any property subject to a Lien expressly permitted by Section 8.3(f), 7.3(g) or (yj) and (z) property acquired by any Excluded Foreign Subsidiary and (z) any property of the type not required to be pledged pursuant to the Security DocumentsSubsidiary) as to which the Administrative Agent, for the benefit of the Secured PartiesLenders, does not have a perfected Lien, promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative Agent reasonably deems necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured PartiesLenders, a security interest in such property and (ii) take all actions necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured PartiesLenders, a perfected first priority security interest in such property (subject to Liens permitted under Section 8.3)property, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Renters Choice Inc)

Additional Collateral, etc. (a) With respect to any property Property acquired after the Closing Third Amendment and Restatement Effective Date by the Borrower or any Group Member of its Restricted Subsidiaries (other than (wx) any property Property described in paragraph (b), (c) or (d) below, below and (xy) any property Property subject to a Lien expressly permitted by Section 8.3(f7.3(g), (y) property acquired by any Foreign Subsidiary and (z) any property of the type not required to be pledged pursuant to the Security Documentsor 7.3(l) as to which the Administrative Agent, for the benefit of the Secured PartiesLenders, does not have a perfected Lien, promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative Agent reasonably deems necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured PartiesLenders, a security interest in such property Property and (ii) take all actions necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured PartiesLenders, a perfected first priority security interest in such property (subject to Liens permitted under Section 8.3)Property, including without limitation, the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent.

Appears in 1 contract

Sources: Credit Agreement (Salton Inc)

Additional Collateral, etc. (a) With respect to any property acquired after the Closing Effective Date with a fair market value in excess of $500,000 by the Borrower or any Group Member of its Domestic Subsidiaries (other than (wx) any property described in paragraph (b), (c) or (d) below, (xy) any property subject to a Lien expressly permitted by Section 8.3(f), 7.3(g) and (yz) property acquired by any Foreign Unrestricted Subsidiary and (z) any property of the type not required to be pledged pursuant to the Security Documentsor Joint Venture) as to which the Administrative Agent, for the benefit of the Secured PartiesLenders, does not have a perfected Lien, promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative Agent reasonably deems necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured PartiesLenders, a security interest in such property property, (ii) amend Schedule 1.1B and (iiiii) take all actions necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured PartiesLenders, a perfected first priority security interest in such property (subject to Liens permitted under Section 8.3)property, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent.of

Appears in 1 contract

Sources: Credit Agreement (Doane Pet Care Co)