Common use of Further Assurances; Additional Collateral Clause in Contracts

Further Assurances; Additional Collateral. (a) The Borrower shall take and shall cause each of its Subsidiaries to take such actions and to execute and deliver such documents and instruments as the Administrative Agent shall require to ensure that the Administrative Agent and/or Collateral Agent, on behalf of the Secured Parties, shall at all times have received currently effective duly executed Loan Documents granting Liens and security interests in substantially all of the assets of the Borrower and each of its Subsidiaries, including all capital stock, partnership, joint venture, membership interests, or other equity interests. (b) In connection with the actions required pursuant to the foregoing subsection (a), the Borrower shall cause each of its Subsidiaries to execute and deliver such stock certificates, blank stock powers, evidence of corporate authorization, opinions of counsel, current valuations, evidence of title, title opinions, title insurance and other documents, and shall use commercially reasonable efforts to obtain landlord and mortgagee waivers and third party consents, as shall be requested by the Administrative Agent, in each case in form and substance satisfactory to the Administrative Agent. (c) The Liens required by this Section 6.15 shall be first priority perfected Liens in favor of the Administrative Agent and/or Collateral Agent, for the benefit of the Secured Parties, subject to no other Liens except Permitted Liens of the type described in Section 7.01 (other than Section 7.

Further Assurances; Additional Collateral. (a) The Borrower shall take and shall cause each of its Subsidiaries (other than Excluded MLP Entities) to take such actions and to execute and deliver such documents and instruments as the Administrative Agent shall require to ensure that the Administrative Agent and/or Collateral Agent, on behalf of the Secured PartiesLenders shall, shall at all times times, have received currently effective duly executed Loan Documents granting Liens and security interests in substantially all of the assets of the Borrower and each of its SubsidiariesSubsidiaries (other than Excluded MLP Entities), including all capital stock, partnership, joint venture, membership interests, or other equity interests. (b) In connection with the actions required pursuant to the foregoing subsection (a), the Borrower shall and shall cause each of its Subsidiaries Loan Party to execute and deliver such stock certificates, blank stock powers, evidence of corporate authorization, opinions of counsel, current valuations, evidence of title, title opinions, title insurance and other documents, and shall use commercially reasonable efforts to obtain landlord and mortgagee waivers and third party consents, as shall be requested by the Administrative Agent, in each case in form and substance satisfactory to the Administrative Agent. (c) The Liens required by this Section 6.15 6.16 shall be first priority perfected Liens in favor of the Administrative Agent and/or Collateral Agent, for the benefit of the Secured PartiesLenders, subject to no other Liens except Permitted Liens of the type described in Section 7.01 (other than Section 7.