Common use of Additional Subsidiaries Further Assurances Clause in Contracts

Additional Subsidiaries Further Assurances. The Borrower will cause ------------------------------------------- each Subsidiary existing on the date hereof and each additional Subsidiary acquired or created after the date hereof to execute a counterpart of the Guaranty and grant to the Agent for the benefit of the Agent and the Lenders perfected security interests in all of its personal property (and, to the extent included in Eligible Real Estate, real property) as collateral to secure the Obligations, in each case pursuant to the applicable Collateral Documents (subject only to Liens in favor of other Persons permitted under Section 6.15), provided that no Foreign Subsidiary shall have an obligation to execute a -------- counterpart of the Guaranty or to grant any security interest in its personal property, and provided further that neither the Borrower nor any Subsidiary -------- ------- shall be required to pledge more than 65% of the stock of any Foreign Subsidiary. The Borrower agrees to take and to cause each Guarantor to take such actions as the Agent or the Required Lenders may from time to time reasonably request to establish and maintain perfected security interests in all of their personal property (and, to the extent included in Eligible Real Estate, real property), including without limitation the perfection of the Agent's security interest in all such personal property covered by certificates of title within 60 days immediately following the date of the initial Credit Extension (subject to Liens in favor of other Persons permitted under Section 6.15).

Additional Subsidiaries Further Assurances. The Borrower will cause ------------------------------------------- each Subsidiary existing on the date hereof and each additional Subsidiary acquired or created after the date hereof to execute a counterpart of the Guaranty Guaranty, and grant to the Agent for the benefit of the Agent and the Lenders perfected security interests in all of its personal property (and, to the extent included in "Eligible Real Estate" under and as defined in the Working Capital Credit Agreement, real property) as collateral to secure the Obligations, in each case pursuant to the applicable Collateral Documents (subject only to Liens in favor of other Persons permitted under Section 6.15), provided that no -------- Foreign Subsidiary shall have an obligation to execute a -------- counterpart of the Guaranty or to grant any security interest in its personal property, and provided further that neither the Borrower nor any Subsidiary -------- ------- shall be required -------- ------- to pledge more than 65% of the stock of any Foreign Subsidiary. The Borrower agrees to take and to cause each Guarantor to take such actions as the Agent or the Required Lenders may from time to time reasonably request to establish and maintain perfected security interests in all of their personal property (and, to the extent included in "Eligible Real Estate" under and as defined in the Working Capital Credit Agreement, real property), including without limitation the perfection of the Agent's security interest in all such personal property covered by certificates of title within 60 days immediately following the date of the initial Credit Extension (subject to Liens in favor of other Persons permitted under Section 6.15).