Granting of Security. Each of the Borrowers and the Material Subsidiaries shall (i) provide security on all of their present and future, tangible and intangible, assets and (ii) guarantee the performance of all obligations and liabilities hereunder (collectively, the "Security"). The Lenders shall be named loss payees, as their respective interests may appear, on all insurance policies relating to the assets covered by the Security and such policies shall include mortgage clauses.
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Sources: Credit Agreement (Hockey Co)
Granting of Security. Each Subject to Section 12.6, each of the Borrowers and the Material Subsidiaries shall (i) provide security on all of their present and future, tangible and intangible, assets and (ii) guarantee the performance of all obligations and liabilities hereunder (collectively, the "Security"). The Lenders shall be named loss payees, as their respective interests may appear, on all insurance policies relating to the assets covered by the Security and such policies shall include mortgage clauses.
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