Security and Guaranties Sample Clauses

Security and Guaranties. (a) The Obligations of the Borrower and the Canadian Borrower to the Banks, the Swing Line Banks, the Letter of Credit Bank and the Agents under the Loan Documents shall (i) be secured by a pledge by the Borrower of all Intercompany Notes owed to the Borrower pursuant to the terms of the Pledge Agreement, (ii) be secured by a first priority perfected lien on and security interest in substantially all of the assets of the Borrower as provided in the Security Documents (including, without limitation, accounts receivable, motor vehicles, trailers and Investments but excluding real estate and the equity interests in the U.K. Ventures), and (iii) be secured by a pledge by the Borrower of one hundred percent (100%) of the capital stock of each of the Domestic Subsidiaries and the Canadian Subsidiaries and not less than sixty-five percent (65%) of the capital stock of each of the Foreign Subsidiaries (other than the Canadian Subsidiaries and Kar-Tainer International Limited ("KTIL"); provided that, upon receipt of necessary governmental approvals for the pledge of the capital stock of KTIL, which the Borrower agrees to make good faith efforts to obtain, not less than sixty-five percent (65%) of the capital stock of KTIL will be so pledged) pursuant to the terms of the Stock Pledge Agreement. The Obligations of the Canadian Borrower in respect of the Canadian Swing Line Loans, Canadian Revolving Credit Loans and Bankers' Acceptances shall be guaranteed by the Borrower pursuant to the terms of the Canadian Guaranty. (b) The Obligations shall also be absolutely and unconditionally, jointly and severally, guaranteed by each of the Borrower's Domestic Subsidiaries and the Canadian Subsidiaries (other than AH) pursuant to a guaranty in substantially the form of Exhibit H attached hereto (such guaranty, as amended, modified or supplemented from time to time, is referred to herein as the "Guaranty"). The obligations of such Subsidiaries under the Guaranty shall be secured by (i) a first priority perfected lien on and security interest in substantially all of the assets of each such Subsidiary as provided in the Security Documents (including, without limitation, accounts receivable, motor vehicles, trailers and Investments but excluding real estate and the equity interests in the U.K. Ventures) and (ii) a pledge by each such Subsidiary of one hundred percent (100%) of the capital stock of each of its Domestic Subsidiaries and Canadian Subsidiaries and not less than sixty-...

Security and Guaranties. Payment of the loan or loans hereunder shall be secured and guaranteed as provided in this Section 3.

Security and Guaranties. As security for the payment and performance of the Loan Obligations, and also as security for the payment and performance of all Obligations to Administrative Agent, Borrower shall execute and deliver, or cause to be executed and delivered, to Administrative Agent the following documents, each satisfactory to Lenders:

Security and Guaranties. (a) All Obligations of the Company and the Guarantors under this Agreement, the Notes and all other Loan Documents shall be secured in accordance with the Collateral Documents. (b) All Obligations of the Company under this Agreement, each of the Notes and all other Loan Documents shall be unconditionally guaranteed by the Guarantors pursuant to the Guaranties.

Security and Guaranties. As security for the full and timely payment and performance of the Obligations, whether now existing or hereafter arising, and subject to Section 5.3:

Security and Guaranties. The Credit Facilities, the Letters of Credit, and the Obligations (as modified and increased pursuant to this Agreement) shall all be (a) secured by the Collateral pursuant to the Liens created by the Security Documents, and all proceeds thereof, until the particular item of Collateral is released or until the Letters of Credit have expired and the Credit Facilities and all the Obligations are paid and performed in full (and any obligation of Lenders to make Advances has been terminated) and (b) guaranteed by each Subsidiary (other than an Excluded Subsidiary or Foreign Subsidiary) pursuant to the terms of a Guaranty Agreement. Upon the occurrence of a Default which has not been waived by the Required Lenders, Borrower and Guarantors shall cause the Foreign Subsidiaries to grant to Administrative Agent (on behalf of Lenders) a Lien on all of their assets except to the extent they are prohibited from so doing pursuant to an agreement permitted by Section 8.12; and to execute, deliver to Administrative Agent and file all documents, instruments and agreements (all at Borrower's and Guarantors' expense) which Administrative Agent shall require to create and perfect such Liens. On or before thirty (30) days after Borrower or any Guarantor makes an Investment in any Foreign Subsidiary, Borrower or such applicable Guarantor shall deliver to Administrative Agent the related, original Foreign Subsidiary Inter-Company Note, together with a collateral assignment and endorsement thereof in form satisfactory to Administrative Agent.

Security and Guaranties. As security for the full and timely payment and performance of the Lender Debt, whether now existing or hereafter arising:

Security and Guaranties. 13 2.5 Fees.................................................................................................13 2.6 Extension of Maturity Date; Termination..............................................................13

Security and Guaranties. 19 8.1. SECURITY AGREEMENTS......................................................................................19 8.2. PLEDGE AGREEMENTS........................................................................................19