Common use of Security Documents and Intercreditor Agreement Clause in Contracts

Security Documents and Intercreditor Agreement. Subject to the Intercreditor Agreement, the due and punctual payment of the principal of and interest on the Notes when and as the same shall be due and payable, whether on an interest payment date, at maturity, by acceleration, repurchase, redemption or otherwise, and interest on the overdue principal of and interest (to the extent permitted by law), if any, on the Notes and performance of all other obligations of the Company and the Guarantors to the Holders, according to the terms of the Notes, this Facility Agreement or any other Finance Document, are secured as provided in the Security Documents (including, without limitation, the provisions providing for foreclosure and release of Collateral). The Company and the Guarantors will do or cause to be done all such acts and things as may be necessary or proper, or as may be required by the provisions of the Security Documents, to assure and confirm to each Lender, each Holder and the Collateral Agent the security interest in the Collateral contemplated hereby or the Security Documents or any part thereof, as from time to time constituted, so as to render the same available for the security and benefit of this Facility Agreement, of the Notes and Guarantees secured hereby, according to the intent and purposes herein expressed and according to the schedule contemplated by the Security Memorandum.

Security Documents and Intercreditor Agreement. Subject to the Intercreditor Agreement, the due and punctual payment of the principal of and interest on the Notes when and as the same shall be due and payable, whether on an interest payment date, at maturity, by acceleration, repurchase, redemption or otherwise, and interest on the overdue principal of and interest (to the extent permitted by law), if any, on the Notes and performance of all other obligations of the Company and the Guarantors to the Holders, according to the terms of the Notes, this Facility Agreement or any other Finance Document, are secured as provided in the Security Documents (including, without limitation, the provisions providing for foreclosure and release of Collateral). The Company and the Guarantors will do or cause to be done all such acts and things as may be necessary or proper, or as may be required by the provisions of the Security Documents, to assure and confirm to each LenderLend er, each Holder and the Collateral Agent the security interest in the Collateral contemplated hereby or the Security Documents or any part thereof, as from time to time constituted, so as to render the same available for the security and benefit of this Facility Agreement, of the Notes and Guarantees secured hereby, according to the intent and purposes herein expressed and according to the schedule contemplated by the Security Memorandum.