Common use of New Collateral Clause in Contracts

New Collateral. If, before the Debt shall have been satisfied in full, Pledgor shall obtain rights to any new Collateral, the provisions of Section 1 shall automatically apply thereto as if the same were identified on Schedule A as of the date hereof and Pledgor shall give Agent prompt written notice thereof.

Appears in 1 contract

Sources: Credit Agreement (Oglebay Norton Co)

New Collateral. If, before the Debt Obligations shall have been satisfied in full, Pledgor shall obtain rights to any new Collateral, the provisions of Section 1 shall automatically apply thereto as if the same were identified on Schedule A 1 as of the date hereof and Pledgor shall give Collateral Agent prompt written notice thereof.

Appears in 1 contract

Sources: Collateral Assignment and Security Agreement (Amcast Industrial Corp)