Additional Security Documents Sample Clauses
The 'Additional Security Documents' clause requires a party, typically the borrower, to provide further documents or agreements that enhance or perfect the lender's security interest in the collateral. In practice, this may involve signing supplemental mortgages, assignments, or other legal instruments as requested by the lender to address gaps or changes in the security arrangement. This clause ensures that the lender's rights are fully protected and enforceable, addressing any deficiencies in the original documentation and adapting to evolving circumstances.
POPULAR SAMPLE Copied 1 times
Additional Security Documents. In the event that a Grantor acquires any interest in any Collateral which is not covered by a Security Document in a manner which will perfect the Collateral Agent's Lien upon and Security Interest in such Collateral without further act or deed of the Collateral Agent, at the time such interest in such Collateral is acquired, to the extent that such Security Interest may be perfected by the execution and/or filing of a Security Document, then such Grantor shall immediately prepare, execute and deliver to the Collateral Agent such Security Documents, in form and substance similar to the Security Documents heretofore executed and delivered by the Grantors (and in form and substance acceptable to the Representatives), as are necessary to perfect the Collateral Agent's Lien upon and Security Interest in such Collateral. If the signature of the Collateral Agent is required on any such Security Document, such Grantor shall present such Security Document to the Collateral Agent for its signature, and the Collateral Agent shall execute such Security Document and shall cause the same to be filed or recorded with the public filing and/or recording offices as required or deemed advisable by the Applicable Representative to perfect or protect the Collateral Agent's Lien upon and Security Interest in such Collateral.
Additional Security Documents. Mortgagor, from time to time, ----------------------------- within 15 days after request by Mortgagee, shall execute, acknowledge and deliver to Mortgagee, such security agreements or other similar security instruments, in form and substance satisfactory to Mortgagee, covering all property of any kind whatsoever owned by Mortgagor or in which Mortgagor may have any interest which, in the sole opinion of Mortgagee, is reasonably essential to the operation of the Mortgaged Property. Mortgagor shall further, from time to time, within 15 days after request by Mortgagee, execute, acknowledge and deliver any financing statement, renewal affidavit, certificate, continuation statement or other document as Mortgagee may request in order to perfect, preserve, continue, extend or maintain this Mortgage or such security agreement or other security instrument as a first lien against the Mortgaged Property or such other property. Mortgagor further agrees to pay to Mortgagee on demand all reasonable costs and expenses incurred by Mortgagee in connection with the preparation, execution, recording, filing and refiling of any such instrument or document including the charges for examining title and the attorneys' fee for rendering an opinion as to the priority of this Mortgage and of such security agreement or other security instrument as a valid first and subsisting lien. However, neither a request so made by Mortgagee nor the failure of Mortgagee to make such a request shall be construed as a release of the Mortgaged Property, or any part thereof, from the lien of this Mortgage, it being understood and agreed that this covenant and any such security agreement or other security instrument, delivered to Mortgagee, are cumulative and given as additional security.
Additional Security Documents. As soon as practicable and in any event within three (3) calendar months after an Additional Collateral Event (except in the case of the payment in full of the Indebtedness currently owing to ▇▇▇▇▇▇ Financial, Inc., in which event these requirements must be satisfied concurrently with such Additional Collateral Event), Borrower shall (a) execute and deliver or cause to be executed and delivered a Mortgage and/or other applicable Security Documents, in Proper Form and in an amount reasonably satisfactory to the Majority Lenders, in favor of Agent and duly executed by the applicable Obligor, granting a first-priority Lien upon the applicable Additional Collateral (other than Excluded Assets) securing all of the Obligations (except as the Majority Lenders may otherwise agree in order to limit recording taxes or similar charges based upon the amount secured), and such other documents (including, without limitation, all items required in connection with the applicable Security Documents previously executed hereunder, such as surveys, environmental assessments, certificates, legal opinions, all in Proper Form) as may be required by Agent or the Majority Lenders in connection with the execution and delivery of such Security Documents; (b) where applicable, deliver to Agent Franchise Agreements covering the Additional Collateral and all such amendments to the BKC Consent, in Proper Form, as Agent or the Majority Lenders may require to incorporate the Additional Collateral; (c) where applicable, cause a title insurance underwriter satisfactory to Agent to issue to Agent a Title Insurance Policy, in Proper Form, insuring the first-priority Lien of each applicable Mortgage in such amount as is satisfactory to the Majority Lenders; (d) deliver or cause to be delivered such other documents or certificates consistent with the terms of this Agreement and relating to the transactions contemplated hereby as Agent or the Majority Lenders may reasonably request, and (e) pay in full all documentary stamps, filing and recording fees, taxes and other fees and charges payable in connection with the filing and recording of any Mortgage and/or any other Security Document. The provisions of this Section are subject to the limitations imposed upon Borrower and the other Obligors under the current Senior Notes Documentation (without amendment except as agreed to in writing by Agent). To the full extent permitted under the provisions of the Senior Notes Documentation, Borrower shall (...
Additional Security Documents. If at any time requested by the Agent or the Required Banks, the Borrowers shall execute and deliver such additional documents, and shall take such other action, as the Agent or the Required Banks may reasonably consider necessary or proper to evidence or perfect the liens and security interests described in Section 5.1 hereof.
Additional Security Documents. Grantor shall within fifteen (15) days after request by Beneficiary execute and deliver any financing statement, renewal, affidavit, certificate, continuation statement, or other document as Beneficiary may request in order to perfect, preserve, continue, extend, or maintain security interests or liens previously granted and the priority of the security interests or liens. Grantor shall pay all costs and expenses incurred by Beneficiary in connection with the preparation, execution, recording, filing, and refiling of any such document.
Additional Security Documents. The Administrative Agent shall have received any additional Security Documents, or amendments or supplements to existing Security Documents, necessary or desirable to perfect the security interest of the Administrative Agent, on behalf of the Secured Parties, in any Containers and/or Leases to be pledged as collateral for such Term Loan.
Additional Security Documents. If the Borrower or any ------------------------------ Subsidiary Loan Party is required by any Secured Instrument, Security Document or other agreement to grant a security interest in or Lien on, or assignment of, any assets (other than assets constituting Collateral under the Initial Security Documents) of the Borrower or any Subsidiary Loan Party to secure any Obligations, the Borrower shall, or shall cause the applicable Subsidiary Loan Party or Subsidiary Loan Parties to, grant such security interest in or Lien on, or assignment of, such assets to the Collateral Agent to secure all the Obligations pursuant to an Additional Security Document.
Additional Security Documents. The Borrower and each Guarantor shall execute all such further documentation as may be reasonably necessary from time to time to permit the Agent, on behalf of the Lenders, to take, register and perfect and maintain security interests to which the Lenders are entitled pursuant to Sections 4.1 or 4.2 in any property or assets presently owned or hereafter acquired by any of them or as necessary following any restructuring or merger, amalgamation or reorganization permitted pursuant to Article 12.
Additional Security Documents. 8 Section 3.5 Powers of Attorney to the Collateral Agent and to AWHI .... 8
Additional Security Documents. All mortgages, pledge agreements, security agreements and other security documents and all guarantees of the Obligations entered into after the date hereof pursuant to §§9.17 and/or 9.