Common use of Further Assurances; Notation on Financial Statements Clause in Contracts

Further Assurances; Notation on Financial Statements. (i) At any time and from time to time, upon the written request of the Collateral Agent, and, at the sole expense of the Grantors, the Grantors will promptly execute and deliver any and all such further instruments and documents and take such further action as required by applicable law or as requested in writing by the Applicable Authorized Representative or as is necessary for the Collateral Agent to obtain the full benefits of this Agreement, the Intercreditor Agreement, the Security Documents and the other Secured Debt Documents and of the rights and powers herein and therein granted. To the extent required by law, the Grantors shall, in all of their financial statements, indicate by footnote or otherwise that the Secured Obligations are secured pursuant to this Agreement and the Security Documents. (ii) As is required by the Secured Debt Agreements, from time to time, additional direct or indirect subsidiaries of the Company may be required to become parties to the Security Agreement. In connection with any such subsidiary becoming party to the Security Agreement, such subsidiary (an “Additional Grantor”) shall execute (i) a Supplement to Collateral Agency Agreement in the form of Exhibit A hereto and upon such execution shall become a Grantor hereunder with all applicable rights and responsibilities and (ii) a Security Agreement Supplement (as defined in the Security Agreement).

Appears in 2 contracts

Sources: Collateral Agency Agreement (Century Aluminum Co), Collateral Agency Agreement (Century Aluminum Co)

Further Assurances; Notation on Financial Statements. (i) At any time and from time to time, as necessary (or upon the written request of the Collateral AgentTrustee), and, at the sole expense of the Grantors, the Grantors will promptly execute and deliver any and all such further instruments and documents and take such further action as required by applicable law is reasonably necessary (or as requested in writing by the Applicable Authorized Representative or as is necessary for the Collateral Agent to obtain Trustee shall reasonably request) in obtaining the full benefits of this Agreement, the Intercreditor Agreement, the Security Documents and the other Secured Debt Parity Lien Documents and of the rights and powers herein and therein granted. To the extent required by law, the Grantors shall, in all of their financial statements, indicate by footnote or otherwise that the Secured Parity Lien Obligations are secured pursuant to this Agreement and the Security Documents. (ii) As is required by Pursuant to the Secured Parity Lien Debt Agreements, from time to time, additional direct or indirect subsidiaries of the Company may be Parent are required to become parties to the Security AgreementDocuments. In connection with any such subsidiary becoming party to the Security AgreementDocuments, such subsidiary (an “Additional Grantor”) shall execute (i) a Supplement to Collateral Agency Trust Agreement in the form of Exhibit A hereto and upon such execution shall become a Grantor hereunder with all applicable rights and responsibilities and (ii) a Security Joinder Agreement. Upon receipt of an executed Supplement to the Collateral Trust Agreement and an executed Joinder Agreement, the Collateral Trustee and each Authorized Representative (with respect to the Supplement (as defined in to the Security Collateral Trust Agreement).) shall acknowledge the same

Appears in 1 contract

Sources: Collateral Trust Agreement (Lindblad Expeditions Holdings, Inc.)

Further Assurances; Notation on Financial Statements. (ia) At any time and from time to time, upon the written request of the Collateral Agent, and, at the sole expense of the GrantorsTrustors, the Grantors Trustors will promptly execute and deliver any and all such further instruments and documents and take such further action as required by applicable law or as requested in writing by the Applicable Authorized Representative or as is necessary for the Collateral Agent to obtain reasonably deems necessary or desirable in obtaining the full benefits of this Agreement, the Intercreditor Agreement, the Security Second Lien Collateral Documents and the other Secured Debt Second Lien Documents and of the rights and powers herein and therein granted. To the extent required by law, the Grantors Trustors shall, in all of their financial statements, indicate by footnote or otherwise that the Secured Second Lien Obligations are is secured pursuant to this Agreement and the Security Second Lien Collateral Documents. (iib) As is required by Pursuant to the Secured Debt AgreementsIndenture and the Second Lien Security Agreement, from time to time, additional direct or indirect subsidiaries of the Company may be are required to become parties to the Second Lien Security Agreement. In connection with any such subsidiary becoming party to the Second Lien Security Agreement, such subsidiary (an “Additional GrantorTrustor”) shall execute (i) a Supplement to Collateral Agency Trust Agreement in the form of Exhibit A hereto and upon such execution shall become a Grantor Trustor hereunder with all applicable rights and responsibilities and (ii) a Security Agreement Supplement (as defined in the Security Agreement)responsibilities.

Appears in 1 contract

Sources: Collateral Trust Agreement (Eastman Kodak Co)