Common use of New Material Contracts Clause in Contracts

New Material Contracts. Whenever an Obligor shall enter into a Material Contract, such Obligor shall, as soon as available or practicable and in any event no later than quarterly, together with the officer's certificate delivered pursuant to Section 7.1(d) of the Credit Agreement, provide the Agent with a true and complete copy of such Material Contract and such other related documents as the Agent may reasonably request in a form acceptable to the Agent and, if reasonably requested by the Agent, execute and deliver (or use commercially reasonable efforts to cause to be executed and delivered) to the Agent a collateral assignment of such Material Contract and a consent to such collateral assignment, in each case in a form acceptable to the Agent. Upon the reasonable request of the Agent, an Obligor will do any act, or execute any additional documents required by the Agent to ensure to the Agent the effectiveness and first priority of its security interest in such Material Contract.