Assets Subject to Lien Restrictions. If at any time any Restricted Subsidiary is prohibited by contract from entering into the Guaranty Agreement, or the Company or any Restricted Subsidiary is prohibited by contract from granting a Lien on any of its unencumbered Property in favor of the Collateral Agent, the Company shall, or shall cause such Restricted Subsidiary to, use its good faith efforts to obtain a waiver of such prohibition and promptly execute an Accession Agreement or Security Document, as applicable, necessary to make such Restricted Subsidiary a Guarantor, or to make such Property a part of the Collateral, as the case may be, and to take all other actions necessary to perfect the Liens of the Collateral Agent in such additional Collateral.
Appears in 2 contracts
Sources: Note Purchase Agreement (Birmingham Steel Corp), Note Purchase Agreement (Birmingham Steel Corp)