Common use of Loan and Security Documents Clause in Contracts

Loan and Security Documents. The Agent shall have received all of the following, each duly executed and dated the Closing Date (or such earlier date as shall be satisfactory to the Lenders), in form and substance satisfactory to the Lenders and in full force and effect with no default existing thereunder as of the Closing Date: (a) the Term Notes and the Revolving Credit Notes (each payable to the Lender to whom such Note is issued pursuant to SECTIONS 2.2 and 3.6 hereof); (b) the Borrower Pledge Agreement (together with stock certificates representing the Securities pledged thereunder, accompanied by stock powers duly executed in blank); (c) the Borrower Security Agreement; (d) the Guaranty; (e) the Subsidiary Pledge Agreement (together with stock certificates representing the Securities pledged thereunder, accompanied by stock powers duly executed in blank); (f) the Subsidiary Security Agreement; (g) the Financing Statements and all other filings or recordings necessary to perfect the security interests of the Agent in the Collateral; and (h) the Key Man Life Insurance Policy, duly and validly assigned to the Agent for the benefit of the Lenders pursuant to documentation in form and substance satisfactory to the Agent.

Loan and Security Documents. The Agent shall have received all of the following, each duly executed and dated the Closing Date (or such earlier date as shall be satisfactory to the Lenders), in form and substance satisfactory to the Lenders and in full force and effect with no default existing thereunder as of the Closing Date: (a) the Term Notes and the Revolving Credit Notes (each payable to the Lender to whom such Note is issued pursuant to SECTIONS 2.2 and 3.6 hereof); (b) the Borrower Pledge Agreement (together with stock certificates representing the Securities pledged thereunder, accompanied by stock powers duly executed in blank); (c) the Borrower Security Agreement; (d) the Guaranty; (e) the Subsidiary Pledge Agreement (together with stock certificates representing the Securities pledged thereunder, accompanied by stock powers duly executed in blank); (f) the Subsidiary Security Agreement; (g) the Financing Statements and all other filings or recordings necessary to perfect the security interests of the Agent in the Collateral; and; (h) the Key Man Life Insurance Policy, duly and validly assigned to the Agent for the benefit of the Lenders pursuant to documentation in form and substance satisfactory to the Agent; and (i) a novation relating to the Rate Protection Agreement, making it applicable to the Borrower.