Common use of Additional Secured Indebtedness Clause in Contracts

Additional Secured Indebtedness. If the Company shall at any --------------------------------- time desire to incur any additional Secured Indebtedness in compliance with the provisions of Section 10.6 of the Note Purchase Agreement, the Company shall give `written notice thereof to the Collateral Agent and the other Secured Parties, and any such notice shall include calculations in reasonable detail demonstrating that the incurrence of such Indebtedness (on the proposed date of issuance thereof) will comply with the requirements of Section 10.6 of the Note Purchase Agreement. Upon receipt of any such notice, the Collateral Agent and the Secured Parties agree to execute and deliver such further instruments (including an amendment to this Agreement) and do such other acts and things as may be reasonably required to cause the Lien created by this Agreement to equally and ratably secure the obligations of the Company in respect of such additional Secured Indebtedness.

Appears in 1 contract

Sources: Security Agreement (Igen International Inc /De)

Additional Secured Indebtedness. If the Company shall at any --------------------------------- time desire to incur any additional Secured Indebtedness in compliance with the provisions of Section 10.6 of the Note Purchase Agreement, the Company shall give `written notice thereof to the Collateral Agent and the other Secured Parties, and any such notice shall include calculations in reasonable detail demonstrating that the incurrence of such Indebtedness (on the proposed date of issuance thereof) will comply with the requirements of Section 10.6 of the Note Purchase Agreement. Upon receipt of any such notice, the Collateral Agent and the Secured Parties agree to execute and deliver such further instruments (including an amendment to this Agreement) and do such other acts and things as may be reasonably required to cause the Lien created by this Agreement to equally and ratably secure the obligations of the Company in respect of such additional Secured Indebtedness.

Appears in 1 contract

Sources: Note Purchase Agreement (Igen International Inc /De)