Common use of Additional Security Interest Clause in Contracts

Additional Security Interest. From and after the Completion Date and subject to the Agreed Security Principles, Section 2.02 of the First Lien Intercreditor Agreement and Section 3.6 of this Indenture, if the Company or any Guarantor creates any additional security interest upon any property or asset to secure any First Lien Obligations, it must concurrently grant a first-priority security interest (subject to Permitted Liens) upon any such property or asset, as security for the First Lien Notes Obligations.