Common use of New Material Contracts Clause in Contracts

New Material Contracts. Whenever a Debtor shall enter into a Material Contract, such Debtor shall provide the Administrative Agent with a true and complete copy of such Material Contract and such other related documents as the Administrative Agent may request in a form acceptable to the Administrative Agent and, if requested by the Administrative Agent, execute and deliver (or cause to be executed and delivered) to the Administrative Agent a collateral assignment of such Material Contract and a consent to such collateral assignment, in each case in a form acceptable to the Administrative Agent. Upon the request of the Administrative Agent, a Debtor will do any act, or execute any additional documents required by the Administrative Agent to ensure to the Administrative Agent the effectiveness and first priority of its security interest in such Material Contract.

New Material Contracts. Whenever a the Debtor shall enter into a Material Contract, such the Debtor shall provide the Administrative Agent with a true and complete copy of such Material Contract and such other related documents as the Administrative Agent may request in a form acceptable to the Administrative Agent and, if requested by the Administrative Agent, execute and deliver (or cause to be executed and delivered) to the Administrative Agent a collateral assignment of such Material Contract and a consent to such collateral assignment, in each case in a form acceptable to the Administrative Agent. Upon the request of the Administrative Agent, a the Debtor will do any act, or execute any additional documents required by the Administrative Agent to ensure to the Administrative Agent the effectiveness and first priority of its security interest in such Material Contract.