Common use of New Subsidiaries Clause in Contracts

New Subsidiaries. Pursuant to Section 4.20 of the Indenture, any new direct or indirect Subsidiary (whether by acquisition, creation or designation) of the Company is required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 3 contracts

Sources: Security Agreement (Securus Technologies, Inc.), Security Agreement (Securus Technologies, Inc.), Security Agreement (Telequip Labs, Inc.)

New Subsidiaries. Pursuant to Section 4.20 of the Indenture, Each Grantor shall cause any new direct or indirect Subsidiary (whether by acquisition, creation acquisition or designationcreation) of any Grantor that becomes a Person comprising Borrower under the Company is required to enter into this Agreement by executing Subordinated Note shall execute and delivering deliver in favor of the Trustee Secured Party an instrument in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 2 contracts

Sources: Security Agreement (Loud Technologies Inc), Security Agreement (Loud Technologies Inc)

New Subsidiaries. Pursuant to Without impairing the limitations and restrictions of Section 4.20 3.20 of the IndenturePurchase Agreement, any new direct or indirect Subsidiary (whether by acquisition, creation acquisition or designationcreation) of the Company Grantor is required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Secured Party a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 2 contracts

Sources: Security Agreement (Blast Energy Services, Inc.), Security Agreement (Implant Sciences Corp)

New Subsidiaries. Pursuant to Section 4.20 of In the Indenture, event that any new direct or indirect Subsidiary (whether by acquisition, creation or designation) of the Company Purchaser or any other Grantor is required to enter into the Senior Security Agreement in accordance with the terms thereof, such new Subsidiary shall be required to enter into this Agreement by executing and delivering in favor of the Trustee Secured Party an instrument in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any other Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Subordinated Security Agreement (Russ Berrie & Co Inc)

New Subsidiaries. Pursuant to Section 4.20 4.18 of the Indenture, any new direct or indirect Subsidiary certain Subsidiaries (whether by acquisition, creation acquisition or designationcreation) of the Company is any Grantor are required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Collateral Agent a Joinder to this Agreement in substantially the form of Annex 1 attached hereto1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Salem Media Group, Inc. /De/)

New Subsidiaries. Pursuant to Section 4.20 4.14 of the IndentureIndenture (and subject to the limitations therein), any new direct or indirect Subsidiary certain Subsidiaries (whether by acquisition, acquisition or creation or designationas otherwise specified therein) of the Company is any Grantor are required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Agent a Joinder to this Agreement in substantially the form of Annex 1 attached hereto1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Junior Lien Intercreditor Agreement (FTS International, Inc.)

New Subsidiaries. Pursuant to Section 4.20 4.16 of the Indenture, any new direct or indirect Subsidiary certain Subsidiaries (whether by acquisition, creation acquisition or designationcreation) of the Company is any Grantor are required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Collateral Agent a Joinder to this Agreement in substantially the form of Annex 1 attached hereto1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Platinum Pressure Pumping, Inc.)

New Subsidiaries. Pursuant to Section 4.20 7.18 of the IndentureCredit Agreement, any new direct or indirect Domestic Subsidiary (whether by acquisition, creation acquisition or designationcreation) of the Company Grantor is required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Collateral Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Silicon Graphics Inc)

New Subsidiaries. Pursuant to Section 4.20 7.01(b) of the IndentureFinancing Agreement, any new direct or indirect Subsidiary (whether by acquisition, creation acquisition or designationcreation) of the Company Grantor is required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Collateral Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (PRG Schultz International Inc)

New Subsidiaries. Pursuant to Section 4.20 5.16 of the IndentureCredit Agreement, any new direct or indirect Domestic Subsidiary (whether by acquisition, creation acquisition or designationcreation) of the Company Borrower is required to enter into this Agreement by executing and delivering in favor of the Trustee Agent an instrument in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Credit Agreement (Infocus Corp)

New Subsidiaries. Pursuant to Section 4.20 5.16 of the IndentureCredit Agreement, any certain new direct or indirect Subsidiary Subsidiaries (whether by acquisition, creation acquisition or designationcreation) of the Company is Grantor are required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by each such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Sanfilippo John B & Son Inc)

New Subsidiaries. Pursuant to Section 4.20 4.18 of the Indenture, any new direct or indirect Subsidiary certain Subsidiaries (whether by acquisition, creation acquisition or designationcreation) of the Company is any Grantor are required to enter into this Agreement by executing and delivering in favor of the Collateral Trustee an instrument a Joinder to this Agreement in substantially the form of Annex 1 attached hereto1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Stream Global Services, Inc.)

New Subsidiaries. Pursuant to Section 4.20 4.17 of the Indenture, any new direct or indirect Subsidiary certain Subsidiaries (whether by acquisition, creation acquisition or designationcreation) of the Company is any Grantor are required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Collateral Agent a Joinder to this Agreement in substantially the form of Annex 1 attached hereto1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Jack Cooper Logistics, LLC)

New Subsidiaries. Pursuant to Section 4.20 15(g) of the IndentureSecured Note, any new direct or indirect Subsidiary (whether by acquisition, creation acquisition or designationcreation) of the Company Grantor is required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Ascendia Brands, Inc.)

New Subsidiaries. Pursuant to Section 4.20 4.16 of the Indenture, any new direct or indirect Subsidiary certain Subsidiaries (whether by acquisition, creation acquisition or designationcreation) of the Company is any Grantor are required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Agent a Joinder to this Agreement in substantially the form of Annex 1 attached hereto1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Intercreditor Agreement (Nuverra Environmental Solutions, Inc.)

New Subsidiaries. Pursuant to Section 4.20 5.11 of the IndentureCredit Agreement, any new direct or indirect Subsidiary certain Subsidiaries (whether by acquisition, creation acquisition or designationcreation) of the Company is any Grantor are required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument U.S. Agent a Joinder to this Agreement in substantially the form of Annex 1 attached hereto1. Upon the execution and delivery of Annex 1 by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Seitel Inc)

New Subsidiaries. Pursuant to Section 4.20 5.16 of the IndentureCredit Agreement, any new direct or indirect Subsidiary (whether by acquisition, creation acquisition or designationcreation) of the Company Grantor is required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Collateral Agent and Administrative Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Ascendia Brands, Inc.)

New Subsidiaries. Pursuant to Section 4.20 4.15 of the Indenture, any new direct or indirect Subsidiary certain Subsidiaries (whether by acquisition, creation acquisition or designationcreation) of the Company is are required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument in the form of Annex 1 attached heretoAgent a Joinder Agreement. Upon the execution and delivery of Annex 1 a Joinder Agreement by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Exide Technologies)

New Subsidiaries. Pursuant to Section 4.20 SECTION 4.21 of the Indenture, any new direct or indirect Subsidiary (whether by acquisition, creation acquisition or designationcreation) of the Company Grantor is required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Agent a supplement to this Agreement in the form of Annex ANNEX 1 attached hereto. Upon the execution and delivery of Annex ANNEX 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Intercreditor Agreement (Perkins & Marie Callender's Inc)

New Subsidiaries. Pursuant to Section 4.20 5.16 of the IndentureCredit Agreement, any new direct or indirect Subsidiary (whether by acquisition, creation acquisition or designationcreation) of the Company any Grantor is required to enter into this Agreement by executing and delivering in favor of the Trustee an instrument Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Servicesource International LLC)

New Subsidiaries. Pursuant If pursuant to Section 4.20 of the Indenture, any new direct or indirect Subsidiary (whether by acquisition, creation or designation) Transaction Documents certain Subsidiaries of the Company is are required to enter into this Agreement by executing Agreement, such Subsidiary shall execute and delivering deliver in favor of the Trustee an instrument Collateral Agent a Joinder to this Agreement in substantially the form of Annex 1 attached hereto. Exhibit D. Upon the execution and delivery of Annex 1 Exhibit D by any such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Vringo Inc)

New Subsidiaries. Pursuant to Section 4.20 5.16 of the IndentureCredit Agreement, any new direct or indirect Subsidiary (whether by acquisition, creation acquisition or designationcreation) of the Company any Grantor that is required to enter into this Agreement by executing shall execute and delivering deliver in favor of the Trustee an instrument Agent a supplement to this Agreement in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Subsidiary, such Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Servicesource International LLC)

New Subsidiaries. Pursuant to Section 4.20 6.20 of the IndentureCredit Agreement, any new direct or indirect Domestic Subsidiary (whether by acquisition, creation or designation) of the Company is required to enter into this Agreement by executing and delivering in favor of the Trustee Administrative Agent an instrument in the form of Annex 1 attached hereto. Upon the execution and delivery of Annex 1 by such new Domestic Subsidiary, such Domestic Subsidiary shall become a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of any instrument adding an additional Grantor as a party to this Agreement shall not require the consent of any Grantor hereunder. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor hereunder.

Appears in 1 contract

Sources: Security Agreement (Thomas & Betts Corp)