Common use of Agreement to Grant Additional Security Clause in Contracts

Agreement to Grant Additional Security. Promptly, and in any event within 30 days after the acquisition by Holdings, Borrower or any Subsidiary of assets or real or personal property that would have constituted Collateral on the Original Closing Date and investments of the type that would have constituted Collateral on the Original Closing Date (the "Additional Collateral"), Holdings and Borrower will take, or will cause their Subsidiaries to take, all necessary action, including (i) the filing of appropriate financing statements under the provisions of the UCC, applicable domestic or local laws, rules or regulations in each of the offices where such filing is necessary or appropriate and (ii) with respect to owned real property, the execution of a mortgage, the obtaining of Mortgage Policies, title surveys and real estate appraisals (or with respect to material leased real property, Landlord Consents) satisfying all Requirements of Law, to grant Collateral Agent a perfected Lien in such Collateral pursuant to and to the full extent required by the Security Documents and this Agreement.

Agreement to Grant Additional Security. Promptly, and in any event within 30 days after the acquisition by Holdings, any Borrower or any Subsidiary of assets or real or personal property that would have constituted Collateral on the Original Closing Date and investments of the type that would have constituted Collateral on the Original Closing Date (the "Additional Collateral"), Holdings and Borrower Borrowers will take, or will cause their Subsidiaries to take, all necessary action, including (i) the filing of appropriate financing statements under the provisions of the UCC, applicable domestic or local laws, rules or regulations in each of the offices where such filing is necessary or appropriate and (ii) with respect to owned real property, the execution of a mortgage, the obtaining of Mortgage Policies, title surveys and real estate appraisals (or with respect to material leased real property, Landlord Consents) satisfying all Requirements of Law, to grant Collateral Agent a perfected Lien in such Collateral pursuant to and to the full extent required by the Security Documents and this Agreement.