Common use of Additional Secured Obligations Clause in Contracts

Additional Secured Obligations. (a) The Borrower may from time to time designate any of its or any other Grantor's obligations under any Secured Hedge Agreement as Secured Obligations for the purposes hereof by delivering to the Administrative Agent a certificate signed by a Responsible Officer that (i) identifies such Secured Hedge Agreement, specifying the names and address of the other party thereto, the notional principal amount thereof and the expiration date thereof and (ii) states that the Borrower's or such Grantor's obligations thereunder are designated as a Secured Obligation for the purpose hereof (the obligations in respect of any such designated Secured Hedge Agreement, "Secured Hedging Obligations"). (b) The Borrower may from time to time designate any of its or any other Grantor's obligations with respect to any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds as Secured Obligations for the purpose hereof by delivering to the Administrative Agent a certificate signed by a Responsible Officer that (i) specifies the name and address of the Person to which such obligations are owed and (ii) states that such obligations are designated as Secured Obligations for the purpose hereof (such designated obligations, "Cash Management Obligations").

Additional Secured Obligations. (a) The Borrower Company may from time to time designate any of its or any other Grantor's ’s obligations under any Secured Hedge Agreement as Secured Obligations for the purposes hereof by delivering to the Administrative Collateral Agent a certificate signed by a Responsible Officer that (i) identifies such Secured Hedge Agreement, specifying the names and address of the other party thereto, the notional principal amount thereof and the expiration date thereof and (ii) states that the Borrower's Company’s or such Grantor's ’s obligations thereunder are designated as a Secured Obligation for the purpose hereof (the obligations in respect of any such designated Secured Hedge Agreement, "“Secured Hedging Obligations"”). (b) The Borrower Company may from time to time designate any of its or any other Grantor's ’s obligations with respect to any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds provided by a Lender or an Affiliate thereof as Secured Obligations for the purpose hereof by delivering to the Administrative Collateral Agent a certificate signed by a Responsible Officer that (i) specifies the name and address of the Person to which such obligations are owed and (ii) states that such obligations are designated as Secured Obligations for the purpose hereof (such designated obligations, "“Cash Management Obligations"”).