Security Interests; Further Assurances. Promptly upon the reasonable request of the Administrative Agent or any Lender, at its expense, it will execute, acknowledge and deliver, and cause its Restricted Subsidiaries to execute, acknowledge and deliver and thereafter register, file or record, and cause its Restricted Subsidiaries to register, file or record, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Agent or the Required Lenders determine that they are required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent.
Appears in 8 contracts
Sources: Credit Agreement (Genesis Energy Lp), Credit Agreement (Genesis Energy Lp), Fifth Amended and Restated Credit Agreement (Genesis Energy Lp)
Security Interests; Further Assurances. Promptly Each Credit Party shall, promptly, upon the reasonable request of Collateral Agent, and so long as such request (or compliance with such request) does not violate any Gaming Law (or, if such request is subject to an approval by the Administrative Agent or any LenderGaming Authority, Borrower hereby agrees to use commercially reasonable efforts to obtain such approval), at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Collateral Agent reasonably necessary or desirable to create, protect or perfect or for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver or cause purported to be delivered covered thereby (subject to any applicable provisions set forth in the Security Agreement with respect to limitations on grant of security interests in certain types of Pledged Collateral and limitations or exclusions from the requirement to perfect Liens on such Pledged Collateral and any applicable Requirements of Law including, without limitation, any Gaming Laws) subject to no Liens other than Permitted Liens; provided that, notwithstanding anything to the Administrative Agent from time contrary herein or in any other Credit Document, in no event shall any Company be required to time such other documentationenter into control agreements with respect to its deposit accounts, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to securities accounts or commodity accounts. In the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon case of the exercise by the Administrative Collateral Agent or the Lenders or any Lender other Secured Party of any power, right, privilege or remedy pursuant to any Loan Credit Document following the occurrence and during the continuation of an Event of Default which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will Borrower and will cause each of its Restricted Subsidiaries shall use commercially reasonable efforts to promptly execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Collateral Agent or the Required Lenders determine that they are may be so required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agentobtain.
Appears in 7 contracts
Sources: Credit Agreement (Wynn Resorts LTD), Credit Agreement (Wynn Las Vegas LLC), Credit Agreement (Wynn Las Vegas LLC)
Security Interests; Further Assurances. Promptly Each Credit Party shall, at its own cost and expense, take any and all actions necessary to defend title to the Collateral against all persons and to defend the security interest of the Collateral Agent in the Collateral and the priority thereof against any Lien not expressly permitted pursuant to Section 6.02 of the Credit Agreement. Promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Collateral Documents or otherwise deemed by Administrative Agent or the Administrative Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no superior to and prior to the rights of all third persons other than the holders of Permitted Liens and subject to other Liens thereon except for Permitted Encumbrancesas permitted by the Security Documents, or obtain any consents consents, including, without limitation, access agreements or landlord or similar Lien waivers and consents, as may be reasonably necessary or appropriate in connection therewith, and as may be obtained by using commercially reasonable efforts. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender the Collateral Agent of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental AuthorityAuthority or any other person, it will and will cause its Restricted Subsidiaries to execute and deliver and/or obtain all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender the Collateral Agent may require. If the Administrative Agent or the Required Lenders determine that they are be so required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agentobtain.
Appears in 7 contracts
Sources: Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any LenderAgent, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no superior to and prior to the rights of all third Persons other than the holders of Permitted Liens and subject to other Liens thereon except for Permitted Encumbrancesas permitted by the Security Documents, or obtain any consents consents, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will The Credit Parties shall take any actions reasonably required by the Administrative Agent to ensure and/or demonstrate that the Lien and will cause its Restricted Subsidiaries security interests granted by the Security Documents continue to be perfected under the UCC or otherwise after the establishment of any Incremental Term Loan or Incremental Term Loan Commitments deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Credit Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender the Lenders may requirebe so required to obtain. If the Administrative Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Credit Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent.
Appears in 6 contracts
Sources: Credit Agreement (Language Line Costa Rica, LLC), Credit Agreement (Atlantic Broadband Finance, LLC), Credit Agreement (Language Line Holdings, Inc.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third Persons other than the holders of Prior Liens and subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents consents, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender the Lenders may requirebe so required to obtain. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent and Collateral Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 5 contracts
Sources: Credit Agreement (General Cable Corp /De/), Credit Agreement (General Cable Corp /De/), Credit Agreement (General Cable Corp /De/)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its the Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may reasonably require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 5 contracts
Sources: Credit Agreement (Davita Healthcare Partners Inc.), Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 5 contracts
Sources: Credit Agreement (Cambium-Voyager Holdings, Inc.), Credit Agreement (SFBC International Inc), Credit Agreement (TTM Technologies Inc)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewithCollateral Liens. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and Collateral Agent as the Administrative Agent and Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, Collateral Agent or such Lender may require; provided that, except with respect to Norcraft Canada, no action shall be required hereunder to create or perfect any security interest in any property under the law of any jurisdiction other than the United States; provided, further, no action shall be required with respect to Norcraft Canada under the law of any jurisdiction other than the United States and Canada. If the Administrative Agent, Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and Collateral Agent.
Appears in 4 contracts
Sources: Credit Agreement (Norcraft Companies, Inc.), Credit Agreement (Norcraft Companies, Inc.), Credit Agreement (Norcraft Companies Lp)
Security Interests; Further Assurances. Promptly Each Credit Party shall, promptly, upon the reasonable request of Collateral Agent, and so long as such request (or compliance with such request) does not violate any Gaming Law (or, if such request is subject to an approval by the Administrative Agent or any LenderGaming Authority, Borrower hereby agrees to use commercially reasonable efforts to obtain such approval), at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Collateral Agent reasonably necessary or desirable to create, protect or perfect or for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver or cause purported to be delivered covered thereby (subject to any applicable provisions set forth herein and in the Security Agreement with respect to limitations on grant of security interests in certain types of Pledged Collateral and limitations or exclusions from the requirement to perfect Liens on such Pledged Collateral and any applicable Requirements of Law including, without limitation, any Gaming Laws) subject to no Liens other than Permitted Liens; provided that, notwithstanding anything to the Administrative Agent from time contrary herein or in any other Credit Document, in no event shall any Company be required to time such other documentationenter into control agreements with respect to its deposit accounts, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to securities accounts or commodity accounts. In the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon case of the exercise by the Administrative Collateral Agent or the Lenders or any Lender other Secured Party of any power, right, privilege or remedy pursuant to any Loan Credit Document following the occurrence and during the continuation of an Event of Default which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will Borrower and will cause each of its Restricted Subsidiaries shall use commercially reasonable efforts to promptly execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Collateral Agent or the Required Lenders determine that they are may be so required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agentobtain.
Appears in 4 contracts
Sources: Credit Agreement (Wynn Resorts LTD), Credit Agreement (Wynn Resorts LTD), Credit Agreement (Wynn Resorts LTD)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lendershall, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesCollateral Liens, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender the Collateral Agent of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender the Collateral Agent may reasonably require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 4 contracts
Sources: Credit Agreement (Mattress Firm Holding Corp.), Credit Agreement (Mattress Firm Holding Corp.), Credit Agreement (Mattress Firm Holding Corp.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 4 contracts
Sources: Credit Agreement (Regency Energy Partners LP), Credit Agreement (Regency Energy Partners LP), Credit Agreement (Regency Energy Partners LP)
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its the Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate reasonably required in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered (using commercially reasonable efforts with respect to delivery of items from Persons who are not in the control of any Loan Party) to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which that requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may requirereasonably require in connection therewith. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA (or other applicable requirements) and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 4 contracts
Sources: Refinancing Amendment Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lenderthe Required Lenders, at its Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document or this Agreement, or use reasonable commercial efforts to obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Required Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender Lenders may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Holdings shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 4 contracts
Sources: Credit Agreement (TiVo Corp), Credit Agreement (Rovi Corp), Credit Agreement (Rovi Corp)
Security Interests; Further Assurances. Promptly (a) Promptly, upon the reasonable request of the Administrative Agent or any Lender(at the direction of the Required Lenders) and subject to Bankruptcy Court approval, at its the Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent Required Lenders reasonably necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon (except for Liens Permitted Encumbrancesunder Section 7.03 and with the priority described in Section 2.17), or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will .
(b) Subject to Bankruptcy Court approval, from time to time execute and will cause its Restricted Subsidiaries to deliver deliver, or cause to be delivered to the Administrative Agent from time to time executed and delivered, such other documentationadditional instruments, consentscertificates or documents, authorizationsand take all such actions, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall may(at the direction of the Required Lenders) reasonably deem necessary request for the purposes of implementing or effectuating the provisions of this Agreement and the other Loan Documents, or of more fully perfecting or renewing the rights of the Administrative Agent and the Lenders with respect to perfect or maintain the Liens on the Collateral (or with respect to any additions thereto or replacements or proceeds thereof or with respect to any other property or assets hereafter acquired by any Loan Party or any Subsidiary of any Loan Party which may be deemed to be part of the Collateral) pursuant to the Security Documentshereto or thereto. Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any this Agreement or the other Loan Document Documents which requires any consent, approval, registration, recording qualification or authorization of any Governmental Authority, it Holdings and the Borrower will execute and deliver, or will cause its Restricted Subsidiaries to execute the execution and deliver delivery of, all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender Lenders may require. If the Administrative Agent be required to obtain from such Persons for such governmental consent, approval, recording, qualification or the Required Lenders determine that they are required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agentauthorization.
Appears in 3 contracts
Sources: Superpriority Senior Debtor in Possession Credit Agreement (Paperweight Development Corp), Credit Agreement (Paperweight Development Corp), Dip Facility Agreement
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 3 contracts
Sources: Credit Agreement (Regency Energy Partners LP), Credit Agreement (Regency Energy Partners LP), Credit Agreement (Regency Energy Partners LP)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third Persons other than the holders of Permitted Liens and encumbered by no other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewithpermitted by the applicable Security Document. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender the Lenders may requirebe so required to obtain. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent and Collateral Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 3 contracts
Sources: Credit Agreement (Harry & David Holdings, Inc.), Credit Agreement (Harry & David Holdings, Inc.), Credit Agreement (Harry & David Holdings, Inc.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its Borrower's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third persons other than the holders of Permitted Collateral Liens and subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may so require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 3 contracts
Sources: Credit Agreement (Norcraft Companies Lp), Credit Agreement (Norcraft Companies Lp), Credit Agreement (Norcraft Companies Lp)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its U.S. Borrower's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Required Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender the Required Lenders may require. If the Administrative Agent, the Collateral Agent or the Required Lenders reasonably determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA or other applicable law and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 3 contracts
Sources: Credit Agreement (Ply Gem Industries Inc), Credit Agreement (Ply Gem Industries Inc), Credit Agreement (Patriot Manufacturing, Inc.)
Security Interests; Further Assurances. Promptly Each Grantor shall, promptly, upon the reasonable request of Administrative Agent, and assuming the Administrative Agent or request does not violate any LenderGaming Law or, if necessary, is approved by the Gaming Authority, at its the Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document mortgage, deed of trust (or instrument supplemental similar instrument), assignment of leases and rents or financing statement, or deliver to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent any certificates representing Equity Interests, which are reasonably necessary to create, protect or desirable perfect or for the continued validity, perfection and priority of the Liens on the Collateral covered thereby (subject to any applicable provisions set forth in the Collateral Documents with respect to limitations on grant of security interests in certain types of Collateral and perfection of Liens on such Collateral) subject to no Liens other than Permitted Encumbrances and other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewithpermitted pursuant to Section 8.03. It will and will cause its Restricted Subsidiaries to deliver or cause to be delivered With respect to the Administrative Agent from time to time such other documentationPledge Agreement, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent extent approvals of any Gaming Authorities for any actions required by the Pledge Agreement are required by applicable Gaming Laws, the Borrower and/or applicable Loan Party shall, at their own expense, promptly (as reasonably determined by the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security DocumentsBorrower in good faith) apply for and thereafter pursue such approvals. Upon the exercise by the Administrative Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Document following the occurrence and during the continuation of an Event of Default which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will the Borrower and will cause its the Restricted Subsidiaries shall use commercially reasonable efforts to execute and deliver all applications, certifications, instruments and other documents and papers that Administrative Agent or the Lenders may be so required to obtain. Notwithstanding anything to the contrary in this Agreement or in any Collateral Document, no Grantor shall be required to (a) perfect any security interests, or make any filings or take any other actions necessary or desirable to perfect and protect security interests, in (i) Excluded Assets, (ii) any motor vehicles and other assets subject to certificates of title (other than to the extent perfection can be achieved with the filing of UCC financing statements), (iii) any letter of credit rights (except to the extent constituting supporting obligations for other Collateral as to which perfection may be accomplished solely by filing of UCC financing statements) or (iv) any commercial tort claims with a value of less than $10,000,000, (b) enter into any control agreement or control or similar arrangement with respect to deposit or securities accounts, (c) grant any Lien in, those assets as to which (A) the cost, burden, difficulty or consequence of obtaining or perfecting such Lien (including any mortgage, stamp, intangibles or other tax or expenses relating to such Lien) outweighs the benefit to the Lenders of the security afforded thereby as reasonably determined by the Borrower and the Administrative Agent or (B) the granting of a Lien on such Lender may requireasset would violate any enforceable anti-assignment provisions of contracts binding on such assets at the time of their acquisition and not entered into in contemplation of such acquisition or applicable law or, in the case of assets consisting of licenses, agreements or similar contracts, to the extent the granting of such Lien therein would violate the terms of such license, agreement or similar contract relating to such asset (in each case, after giving effect to the applicable anti-assignment provisions of the UCC or other applicable law), (d) no actions shall be required to be taken in order to create, grant or perfect any security interest in any assets located outside of the U.S. and no foreign law security or pledge agreements, foreign law mortgages or deeds or foreign intellectual property filings or searches shall be required or (e) no Lien on Real Property shall be required except in respect of Mortgaged Real Property (provided that if a mortgage tax will be owed upon the granting of any Mortgage required hereunder on the entire amount of the Secured Obligations (as defined in the Security Agreement) evidenced hereby, then, to the extent permitted by, and in accordance with, applicable law, the amount of such mortgage tax shall be calculated based on the lesser of (x) the amount of the Secured Obligations allocated to the applicable Mortgaged Real Property and (y) the estimated fair market value of the Mortgaged Real Property at the time the Mortgage is entered into and determined in a manner reasonably acceptable to Administrative Agent and the Borrower (which in the case of clause (y) will result in a limitation of the Secured Obligations secured by the Mortgage to such amount)). If Notwithstanding anything contained in Section 6.09 or this Section 6.10 to the contrary, this Section 6.10 shall not require the creation, perfection or maintenance of pledges of or security interests in, or the obtaining of title insurance, surveys, abstracts or appraisals with respect to, Excluded Assets, or the taking of any actions to perfect security interests in Excluded Assets apart from the filing of financing statements under the UCC. Furthermore, the Administrative Agent may grant extensions of time for the perfection of security interests in or the Required Lenders determine obtaining of title insurance and surveys with respect to particular assets (including extensions beyond the Closing Date for the perfection of security interests in the assets of the Loan Parties on such date) where it reasonably determines, in consultation with the Borrower, that they are perfection cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required by law to have appraisals prepared in respect of this Agreement or the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative AgentCollateral Documents.
Appears in 3 contracts
Sources: Credit Agreement (MGM Growth Properties Operating Partnership LP), Credit Agreement (MGM Growth Properties Operating Partnership LP), Credit Agreement (MGM Growth Properties LLC)
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate reasonably required in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered (using commercially reasonable efforts with respect to delivery of items from Persons who are not in the control of any Loan Party) to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which that requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may requirereasonably require in connection therewith. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a requirement of Applicable Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA (or other applicable requirements) and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 3 contracts
Sources: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its U.S. Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Required Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender the Required Lenders may require. If the Administrative Agent, the Collateral Agent or the Required Lenders reasonably determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA or other applicable law and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 3 contracts
Sources: Credit Agreement (Ply Gem Holdings Inc), Credit Agreement (Ply Gem Holdings Inc), Credit Agreement (Ply Gem Holdings Inc)
Security Interests; Further Assurances. Promptly (a) (i) Promptly, upon the reasonable request of the Administrative Agent Agent, any Lender or any Lenderthe Collateral Agent, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by Administrative Agent or the Administrative Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no superior and prior to the rights of all third persons other than the holders of Permitted Liens and subject to other Liens thereon except for Permitted Encumbrancesas permitted by the Security Documents, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries , to the extent contemplated hereby; (ii) deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent or the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon ; and (iii) upon the exercise by the Administrative Agent or any Lender the Collateral Agent of any power, right, privilege or remedy pursuant to any Loan Document which that requires any consent, approval, registration, qualification or authorization of any Governmental AuthorityAuthority or any other person, it will and will cause its Restricted Subsidiaries to execute and deliver and/or obtain all applications, certifications, instruments and other documents and papers that the Administrative Agent or the Collateral Agent may be so required to obtain (other than in respect of any registration under the Securities Act).
(b) Each Loan Party shall, at its own cost and expense, take any and all actions necessary to defend title to the Collateral against all persons and to defend the security interest of the Collateral Agent in the Collateral and the priority thereof against any Lien not expressly permitted pursuant to Section 6.02. Notwithstanding anything to the contrary contained herein, if an Event of Default has occurred and is continuing, the Administrative Agent and the Collateral Agent shall have the right to require any Loan Party to execute and deliver documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall deem necessary to grant to the Collateral Agent, for its benefit and for the benefit of the other Secured Parties, a valid and perfected Lien subject to no Liens other than Permitted Liens on such Lender may requireassets and properties not otherwise required hereunder, except to the extent such requirements are illegal under applicable law, and no reasonable alternative structure can be devised having substantially the same effect as such actions that would not be illegal under applicable law. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 3 contracts
Sources: Credit Agreement (Herbalife Ltd.), Credit Agreement (Herbalife Ltd.), Credit Agreement (Herbalife Ltd.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable advisable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral covered thereby with thereby, but in any event subject to the terms and conditions set forth therein, subject to no other Liens thereon except for Permitted EncumbrancesLiens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to ; deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, instruments, consents, authorizations, approvals and orders Orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents. Upon , subject to the terms and conditions set forth therein; and upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may reasonably require. If the Administrative Agent or the Required Lenders Collateral Agent reasonably determine that they are required by law a Legal Requirement to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 3 contracts
Sources: Credit Agreement (Merge Healthcare Inc), Credit Agreement (Merge Healthcare Inc), Credit Agreement (Merge Healthcare Inc)
Security Interests; Further Assurances. Promptly upon To the reasonable request of the Administrative Agent extent required under this Agreement or any Lender, at its expense, it will execute, acknowledge and deliver, and cause its Restricted Subsidiaries to execute, acknowledge and deliver and thereafter register, file or record, and cause its Restricted Subsidiaries to register, file or record, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents Documents, Borrower and the Guarantors shall, at their sole expense, execute any and all further documents, financing statements, agreements and instruments, and take all further action that may be required under applicable law, or otherwise deemed by that may reasonably be necessary, in order to grant, preserve, protect and perfect the Administrative Agent reasonably necessary or desirable for the continued validity, perfection validity and priority of the security interests and Liens on created or intended to be created by the Security Documents in the Collateral. In addition, to the extent required under this Agreement or any of the Security Documents, from time to time, Borrower will reasonably promptly secure the obligations under the Agreement and Security Documents by pledging or creating, or causing to be pledged or created, perfected security interests and Liens with respect to the Collateral covered thereby with no perfected to the extent required by the Security Documents. Such security interests and Liens will be created under the Security Documents and other Liens thereon except for Permitted Encumbrancessecurity agreements and other instruments and documents, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to Borrower shall deliver or cause to be delivered to the Administrative Agent all such instruments and documents (including certificates, legal opinions, title insurance policies and lien searches) to evidence compliance with this covenant. Borrower agrees to provide such evidence to the Administrative Agent as to the perfection (to the extent required by the Security Documents) and priority status of each such security interest and Lien. Borrower shall deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender the Collateral Agent of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may reasonably require. If the Administrative Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Bankrate, Inc.), Revolving Credit Agreement (Bankrate, Inc.)
Security Interests; Further Assurances. Promptly Each Grantor shall, promptly, upon the reasonable request of Administrative Agent, and assuming the Administrative Agent or request does not violate any LenderGaming Law or, if necessary, is approved by the Gaming Authority, at its the Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document mortgage, deed of trust (or instrument supplemental similar instrument), assignment of leases and rents or financing statement, or deliver to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent any certificates representing Equity Interests, which are reasonably necessary to create, protect or desirable perfect or for the continued validity, perfection and priority of the Liens on the Collateral covered thereby (subject to any applicable provisions set forth in the Collateral Documents with respect to limitations on grant of security interests in certain types of Collateral and perfection of Liens on such Collateral) subject to no Liens other than Permitted Encumbrances and other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewithpermitted pursuant to Section 8.03. It will and will cause its Restricted Subsidiaries to deliver or cause to be delivered With respect to the Administrative Agent from time to time such other documentationCollateral Agreement, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on extent approvals of any Gaming Authorities for any actions required by the Collateral pursuant to Agreement are required by applicable Gaming Laws, the Security DocumentsBorrower and/or applicable Loan Party shall, at their own expense, promptly (as reasonably determined by the Borrower in good faith) apply for and thereafter pursue such approvals. Upon the exercise by the Administrative Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Document following the occurrence and during the continuation of an Event of Default which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will the Borrower and will cause its the Restricted Subsidiaries shall use commercially reasonable efforts to execute and deliver all applications, certifications, instruments and other documents and papers that Administrative Agent or the Lenders may be so required to obtain. Notwithstanding anything to the contrary in this Agreement or in any Collateral Document, no Grantor shall be required to (a) perfect any security interests, or make any filings or take any other actions necessary or desirable to perfect and protect security interests, in (i) Excluded Assets, (ii) any motor vehicles and other assets subject to certificates of title (other than to the extent perfection can be achieved with the filing of UCC financing statements), (iii) any letter of credit rights (except to the extent constituting supporting obligations for other Collateral as to which perfection may be accomplished solely by filing of UCC financing statements) or (iv) any commercial tort claims with a value of less than $10,000,000, (b) enter into any control agreement or control or similar arrangement with respect to deposit or securities accounts, (c) grant any Lien in, those assets as to which (A) the cost, burden, difficulty or consequence of obtaining or perfecting such Lien (including any mortgage, stamp, intangibles or other tax or expenses relating to such Lien) outweighs the benefit to the Lenders of the security afforded thereby as reasonably determined by the Borrower and the Administrative Agent or (B) the granting of a Lien on such Lender may requireasset would violate any enforceable anti-assignment provisions of contracts binding on such assets at the time of their acquisition and not entered into in contemplation of such acquisition or applicable law or, in the case of assets consisting of licenses, agreements or similar contracts, to the extent the granting of such Lien therein would violate the terms of such license, agreement or similar contract relating to such asset (in each case, after giving effect to the applicable anti-assignment provisions of the UCC or other applicable law), (d) no actions shall be required to be taken in order to create, grant or perfect any security interest in any assets located outside of the U.S. and no foreign law security or pledge agreements, foreign law mortgages or deeds or foreign intellectual property filings or searches shall be required, or (e) no Lien on Real Property shall be required except in respect of Mortgaged Real Property (provided that if a mortgage tax will be owed upon the granting of any Mortgage required hereunder on the entire amount of the Secured Obligations (as defined in the Collateral Agreement) evidenced hereby, then, to the extent permitted by, and in accordance with, applicable law, the amount of such mortgage tax shall be calculated based on the lesser of (x) the amount of the Secured Obligations allocated to the applicable Mortgaged Real Property and (y) the estimated fair market value of the Mortgaged Real Property at the time the Mortgage is entered into and determined in a manner reasonably acceptable to Administrative Agent and the Borrower (which in the case of clause (y) will result in a limitation of the Secured Obligations secured by the Mortgage to such amount)). If Notwithstanding anything contained in Section 6.09 or this Section 6.10 to the contrary, this Section 6.10 shall not require the creation, perfection or maintenance of pledges of or security interests in, or the obtaining of title insurance, surveys, abstracts or appraisals with respect to, Excluded Assets, or the taking of any actions to perfect security interests in Excluded Assets apart from the filing of financing statements under the UCC. Furthermore, the Administrative Agent may grant extensions of time for the perfection of security interests in or the Required Lenders determine obtaining of title insurance and surveys with respect to particular assets (including extensions beyond the Closing Date for the perfection of security interests in the assets of the Loan Parties on such date) where it reasonably determines, in consultation with the Borrower, that they are perfection cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required by law to have appraisals prepared in respect of this Agreement or the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative AgentCollateral Documents.
Appears in 2 contracts
Sources: Credit Agreement (Vici Properties Inc.), Credit Agreement (Vici Properties Inc.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesCollateral Liens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 2 contracts
Sources: Credit Agreement (Navisite Inc), Credit Agreement (Navisite Inc)
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, promptly, upon the reasonable request of the Administrative Funding Agent or any Lenderthe 162 Collateral Agent, at its Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Funding Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate reasonably required in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered (using commercially reasonable efforts with respect to delivery of items from Persons who are not in the control of any Loan Party) to the Administrative Funding Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Funding Agent and the Collateral Agent as the Administrative Funding Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Funding Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which that requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Funding Agent, the Collateral Agent or such Lender may requirereasonably require in connection therewith. If the Administrative Funding Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrowers shall provide to the Administrative Funding Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA (or other applicable requirements) and are otherwise in form and substance reasonably satisfactory to the Administrative Funding Agent and the Collateral Agent.
Appears in 2 contracts
Sources: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis South America Holdings LLC)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third persons other than the holders of Existing Liens and subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents consents, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender the Lenders may requirebe so required to obtain. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 2 contracts
Sources: Credit Agreement (Basic Energy Services Inc), Credit Agreement (Basic Energy Services Inc)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the any Administrative Agent or any LenderCollateral Agent, at its Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the any Administrative Agent or Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent Agents and the Collateral Agents from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agents and the Collateral Agents as any Administrative Agent as the Administrative or Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the any Administrative Agent, any Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the such Administrative Agent, such Collateral Agent or such Lender may require. If the any Administrative Agent, any Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the such Administrative Agent and such Collateral Agent.
Appears in 2 contracts
Sources: Credit Agreement (SGS International, Inc.), Credit Agreement (Southern Graphic Systems, Inc.)
Security Interests; Further Assurances. Promptly (a) Promptly, upon the reasonable request of the Administrative Agent or any Lender, at its the Companies’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent Lender reasonably necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver .
(b) Deliver or cause to be delivered to the Administrative Agent Lender from time to time such other documentation, consents, authorizations, approvals and orders Orders in form and substance reasonably satisfactory to the Administrative Agent Lender as the Administrative Agent Lender shall reasonably deem necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents. .
(c) Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. .
(d) If the Administrative Agent or the Required Lenders determine Lender determines that they are it is required by law any Legal Requirements to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent Lender appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative AgentLender.
Appears in 2 contracts
Sources: Credit Agreement (Kemet Corp), Credit Agreement (Kemet Corp)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its the Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 2 contracts
Sources: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third Persons other than the holders of Permitted Liens and subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents consents, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender the Lenders may requirebe so required to obtain. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrowers shall provide to the Administrative Agent and the Collateral Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 2 contracts
Sources: Term Loan Credit Agreement (Department 56 Inc), Term Loan Credit Agreement (Lenox Group Inc)
Security Interests; Further Assurances. (a) Promptly upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its expensethe sole cost and expense of the Loan Parties, it will (i) execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral intended to be covered thereby with by the Security Documents, subject to no other Liens thereon except for Permitted EncumbrancesLiens (or, in the case of Collateral Vessels, Permitted Collateral Vessel Liens), or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will therewith and will cause its Restricted Subsidiaries to deliver (ii) without limiting the generality of the foregoing, execute, if required, and file, or cause to be delivered filed, such financing or continuation statements under the UCC, or amendments thereto, such amendments or supplements to the Administrative Agent from time Collateral Vessel Mortgages (including any amendments required to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the granted by such Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent Vessel Mortgages), and such other instruments or any Lender of any powernotices, rightas may be reasonably necessary, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or the Collateral Agent may reasonably require (subject to any limitations that may be set forth in the Security Documents), to protect and preserve the Liens granted or purported to be granted by the Security Documents. Notwithstanding the foregoing, with respect to Intellectual Property, the Borrowers and Subsidiary Guarantors shall only be required to file and record Intellectual Property security agreements with respect to material Intellectual Property in the United States Patent and Trademark Office or in the United States Copyright Office, as applicable (it being understood, without limiting the foregoing, that the Borrowers and Subsidiary Guarantors shall not be obligated to record any such Lender may require. grant of security interest in the Collateral that is Intellectual Property issued by or pending before any jurisdiction outside of the United States).
(b) If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law any Legal Requirements to have appraisals prepared in respect of the Real Property of any Restricted Borrower or Subsidiary Guarantor constituting or about to become Collateral, it the Borrowers and the Subsidiary Guarantors shall provide to the Administrative Agent (at such Loan Parties’ expense) appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent.
(c) At the reasonable written request of any counterparty to a Bank Product Agreement entered into after the Closing Date, the applicable Loan Party shall promptly execute an amendment to each Collateral Vessel Mortgage confirming that the obligations under such Bank Product Agreement are Secured Obligations under each Collateral Vessel Mortgage, and cause the same to be promptly and duly recorded, and such amendment shall be in form and substance reasonably satisfactory to the Administrative Agent.
Appears in 2 contracts
Sources: Abl Credit Agreement (Overseas Shipholding Group Inc), Credit Agreement (Overseas Shipholding Group Inc)
Security Interests; Further Assurances. Promptly Each Credit Party shall, at its own cost and expense, take any and all actions necessary to defend title to the Collateral against all persons and to defend the security interest of the Collateral Agent in the Collateral and the priority thereof against any Lien not expressly permitted pursuant to Section 6.02 of the Credit Agreement. Promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its Borrower's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Collateral Documents or otherwise deemed by Administrative Agent or the Administrative Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no superior to and prior to the rights of all third persons other than the holders of Permitted Liens and subject to other Liens thereon except for Permitted Encumbrancesas permitted by the Security Documents, or obtain any consents consents, including, without limitation, access agreements or landlord or similar Lien waivers and consents, as may be reasonably necessary or appropriate in connection therewith, and as may be obtained by using commercially reasonable efforts. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender the Collateral Agent of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental AuthorityAuthority or any other person, it will and will cause its Restricted Subsidiaries to execute and deliver and/or obtain all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender the Collateral Agent may require. If the Administrative Agent or the Required Lenders determine that they are be so required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agentobtain.
Appears in 2 contracts
Sources: Credit Agreement (Cpi Holdco Inc), Credit Agreement (Communications & Power Industries Inc)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent Agent, the Collateral Agent, the Collateral Trustee or any Lender, at its Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent, the Collateral Agent or the Collateral Trustee reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted hereby or by the applicable Security Document, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent, the Collateral Agent and the Collateral Trustee from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent, the Collateral Trustee and the Collateral Agent as the Administrative Agent, the Collateral Trustee and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security DocumentsDocuments (and, in the case of any security governed by the laws of England and Wales, preserve, establish or otherwise evidence the fixed nature of such security). Upon the exercise by the Administrative Agent Agent, the Collateral Agent, the Collateral Trustee or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent Agent, the Collateral Agent, the Collateral Trustee or such Lender may reasonably require. If the Administrative Agent Agent, the Collateral Agent, the Collateral Trustee or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent, the Collateral Agent and the Collateral Trustee. Each Loan Party also agrees to promptly notify the Collateral Agent and the Collateral Trustee (if applicable) of any change in the location of any office in which it maintains books or records relating to Collateral owned by it or any office or facility at which Collateral having a value in excess of $250,000 is located (including the establishment of any such new office or facility), other than changes in location to a Mortgaged Property or a leased property subject to a landlord access agreement, in form and substance reasonably satisfactory to the Supermajority Lenders.
Appears in 2 contracts
Sources: Credit Agreement (Magnachip Semiconductor LLC), Credit Agreement (Magnachip Semiconductor LLC)
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 2 contracts
Sources: Second Lien Credit Agreement (Regency Energy Partners LP), Second Lien Credit Agreement (Regency Energy Partners LP)
Security Interests; Further Assurances. Promptly (a) Promptly, upon the reasonable request of the Administrative Agent or any LenderAgent, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by this Agreement or the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries use your commercially reasonable efforts to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may reasonably require. If the Administrative Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to FIRREA.
(b) Notify the Administrative AgentAgent and the Collateral Agent in writing of any change in any Loan Party’s (i) legal name, (ii) location of chief executive office or principal place of business, (iii) identity or type of organization or corporate structure, (iv) Federal Taxpayer Identification Number or organizational identification number or (v) jurisdiction of organization, in each case within 60 days after any such change occurs. The Borrower agrees to cause each Loan Party that makes any change described in the proceeding sentence to comply with Section 6.10(a), as applicable.
Appears in 2 contracts
Sources: Credit Agreement (Radiation Therapy Services Holdings, Inc.), Credit Agreement (Radiation Therapy Services Holdings, Inc.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral (other than Excluded Perfections) covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted herein or by the applicable Security Document (including, but not limited to, financing statements, continuation statements and extension agreements), or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to ; deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents; and correct any material defect or error that may be discovered in any Security Document or in the execution, acknowledgement, filing or recordation thereof. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law any Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA the Federal Institutions Reform, Recovery and Enforcement Act of 1989, as amended, and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 2 contracts
Sources: Credit Agreement (Regency Energy Partners LP), Credit Agreement (Regency Energy Partners LP)
Security Interests; Further Assurances. Promptly Subject to the terms of the Security Documents and Section 5.18, promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its the Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument instrument, including deeds, conveyances, pledge agreements, mortgages, deeds of trust, trust deeds, assignments, financing statements and continuations thereof, termination statements, notices of assignment, transfers, certificates, and assurances, supplemental to or confirmatory of the Security Documents or otherwise reasonably deemed by the Administrative Agent reasonably or the Collateral Agent necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with thereby, but in any event subject to the terms and conditions set forth therein, subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Loan Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to ; deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon , subject to the terms and conditions set forth therein; and upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may reasonably require; provided, that, notwithstanding anything else contained herein or in any other Loan Document to the contrary, (x) the foregoing shall not apply to any Excluded Subsidiary or Property of any Excluded Subsidiary or any Excluded Property or any Excluded Pledge, (y) any such documents and deliverables (other than certain mortgages of Real Property) shall be governed by New York law and (z) no deposit account control agreements, securities account control agreement, other perfection actions by “control” (except with respect to Equity Interests (or, if applicable, uncertificated security control agreements), instruments and chattel paper), leasehold mortgages or landlord waivers, estoppels or collateral access letters shall be required to be entered into hereunder or under any other Loan Document. If the Administrative Agent, the Collateral Agent or the Required Lenders reasonably determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real any Material Property of any Restricted Subsidiary Credit Party constituting or about to become Collateral, it the Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 2 contracts
Sources: Second Lien Credit Agreement (Transfirst Holdings Corp.), First Lien Credit Agreement (Transfirst Holdings Corp.)
Security Interests; Further Assurances. Promptly upon the Within 10 Business Days after receipt of a reasonable request of the Administrative Agent or any Lender, at its Borrowers’ expense, it will : (a) execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third Persons other than the holders of Prior Liens and subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents consents, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to ; (b) deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon ; (c) upon the exercise by the Administrative Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender the Lenders may require. If be so required to obtain and (d) if the Administrative Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent.
Appears in 2 contracts
Sources: Credit Agreement (Bearingpoint Inc), Credit Agreement (Bearingpoint Inc)
Security Interests; Further Assurances. Promptly upon (a) Within 60 days after the reasonable request of the Administrative Agent or any LenderClosing Date, at its expense, it will execute, acknowledge and deliver, and cause its Restricted Subsidiaries to execute, acknowledge and deliver and thereafter register, file or record, and cause its Restricted Subsidiaries to register, file or record, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver or cause to be delivered to the Administrative Agent evidence satisfactory to it that the lockbox and concentration account arrangements contemplated by the Security Agreement have been established.
(b) Execute and deliver any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other documents and obtaining the execution of collateral access or similar agreements), that may be required under any applicable Law, or that the Administrative Agent may reasonably request, to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the Borrower’s expense; and provide to the Administrative Agent, from time to time such other documentationupon written request, consents, authorizations, approvals and orders in form and substance evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Transaction Liens created or intended to be created by the Security Documents.
(c) If any material assets (including any real property or improvements thereto or any interest therein, in each case valued in excess of $500,000) are acquired by Holdings, the Borrower or any other Loan Party after the Closing Date (other than assets constituting Collateral that become subject to Transaction Liens upon acquisition thereof), notify the Administrative Agent shall reasonably deem necessary to perfect or maintain and the Liens on the Collateral pursuant to the Security Documents. Upon the exercise Lenders thereof, and, if requested by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Agent or the Required Lenders determine that they are required Lenders, cause such assets to be subjected to a Transaction Lien securing the Secured Obligations and take, or cause the relevant Subsidiary to take, such actions as shall be necessary or reasonably requested by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy to grant and perfect or record such Transaction Lien (including actions described in Section 6.13(b)), all at the applicable requirements Borrower’s expense.
(d) If an Event of the Real Estate Appraisal Reform Amendments of FIRREA Default has occurred and are otherwise in form is continuing and substance reasonably satisfactory to the Administrative AgentAgent or Required Lenders have so requested, cause any assets identified by such Persons to be subjected to a Transaction Lien securing the Secured Obligations and take, or cause the relevant Subsidiary to take, such actions as shall be necessary or reasonably requested by the Administrative Agent to grant and perfect or record such Transaction Lien, including actions described in Section 6.13(a), all at the Borrower’s expense.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Keystone Automotive Operations Inc), Term Credit Agreement (Keystone Automotive Operations Inc)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third Persons other than the holders of Prior Liens and subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents consents, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender the Lenders may requirebe so required to obtain. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent and Collateral Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 2 contracts
Sources: Credit Agreement (General Cable Corp /De/), Credit Agreement (General Cable Corp /De/)
Security Interests; Further Assurances. (a) Promptly upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its expensethe sole cost and expense of the Credit Parties, it will (i) execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents necessary or otherwise deemed by appropriate (or, upon the reasonable request of the Administrative Agent reasonably necessary or desirable the Collateral Agent or any Lender, desirable) for the continued validity, enforceability, perfection and priority of the Liens on the Collateral intended to be covered thereby with by the Security Documents, subject to no other Liens thereon except for Permitted EncumbrancesLiens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will therewith and will cause its Restricted Subsidiaries to deliver (ii) without limiting the generality of the foregoing, execute, if required, and file, or cause to be delivered filed, such financing or continuation statements under the UCC, or amendments thereto, such amendments or supplements to the Administrative Agent from time Collateral Vessel Mortgages (including any amendments required to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the granted by such Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent Vessel Mortgages), and such other instruments or any Lender of any powernotices, rightas may be reasonably necessary, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender the Collateral Agent may require. If reasonably require (subject to any limitations that may be set forth in the Administrative Agent Security Documents), to protect and preserve the Liens granted or purported to be granted by the Required Lenders determine that they are required by law to have appraisals prepared in respect of Security Documents.
(b) At the Real Property reasonable written request of any Restricted Subsidiary constituting or about counterparty to become Collateralan Interest Rate Protection Agreement entered into after the Restatement Date, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of Credit Party shall promptly execute an amendment to each Collateral Vessel Mortgage confirming that the Real Estate Appraisal Reform Amendments of FIRREA obligations under such Interest Rate Protection Agreement are Secured Obligations under each Collateral Vessel Mortgage, and are otherwise cause the same to be promptly and duly recorded, and such amendment shall be in form and substance reasonably satisfactory to the Administrative Agent.
Appears in 2 contracts
Sources: Credit Agreement (Diamond S Shipping Inc.), Credit Agreement (Diamond S Shipping Inc.)
Security Interests; Further Assurances. Promptly upon Subject to the reasonable request terms of the Administrative Intercreditor Agreements, promptly, execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements and other documents), that may be required under any Applicable Law, or which any Agent or any Lenderthe Required Lenders shall reasonably request, at its expenseto effectuate the transactions contemplated by the Loan Documents or to grant, it will executepreserve, acknowledge and deliver, and cause its Restricted Subsidiaries protect or perfect the Liens created or intended to execute, acknowledge and deliver and thereafter register, file or record, and cause its Restricted Subsidiaries to register, file or record, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of be created by the Security Documents or otherwise deemed the validity or priority of any such Lien, all at the expense of the Loan Parties (to the extent required by this Agreement). The Loan Parties also agree to provide each Agent, from time to time upon the Administrative reasonably request of any Agent, evidence reasonably satisfactory to each such Agent reasonably necessary or desirable for as to the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no other Liens thereon except for Permitted Encumbrances, created or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver or cause intended to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to created by the Security Documents. Upon Prior to the exercise Discharge of the ABL Credit Agreement Obligations, (i) the requirements of this Section 6.11 to deliver any Collateral constituting ABL Priority Collateral to the Collateral Agent shall be deemed satisfied by the Administrative delivery of such Collateral to the ABL Collateral Agent or any Lender as bailee for the Collateral Agent pursuant to the ABL Intercreditor Agreement and (ii) solely in the case of any powerproperty that constitutes ABL Priority Collateral, rightthe Borrower shall, privilege or remedy pursuant and shall cause each domestic Subsidiary to, comply with the requirements of this Section 6.11 with respect to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries the Obligations hereunder only to execute and deliver all applications, certifications, instruments and other documents and papers the same extent that the Administrative Agent or Borrower and such Lender may require. If the Administrative Agent or the Required Lenders determine that they Subsidiaries are required by law to have appraisals prepared comply with provisions analogous to this Section 6.11 with respect to the ABL Credit Agreement Obligations in the ABL Credit Agreement, other than with respect of to the Canadian Pledge, the ▇▇▇▇▇▇▇▇ Collateral and the Specified Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to after the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative AgentSpringing Covenant Trigger Date.
Appears in 2 contracts
Sources: Credit Agreement (Toys R Us Inc), Credit Agreement (Toys R Us Inc)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Guarantee Agreement or Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 2 contracts
Sources: Second Amendment and Restatement Agreement (Jacobs Entertainment Inc), Amendment and Restatement Agreement (Jacobs Entertainment Inc)
Security Interests; Further Assurances. Promptly upon the reasonable request of the Administrative Agent or any Lender, at its expense, it will execute, acknowledge From time to time execute and deliver, or cause to be executed and cause its Restricted Subsidiaries to executedelivered, acknowledge and deliver and thereafter registersuch additional instruments, file certificates or recorddocuments, and cause its Restricted Subsidiaries to registertake all such actions, file or record, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably as Lender may deem necessary or desirable for the continued validity, perfection and priority of the Liens Lien of Lender on the Collateral covered thereby (or with no respect to any additions thereto or replacements or proceeds or products thereof which do not constitute Excluded Real Property or other Liens thereon except property with respect to which the Loan Documents do not require Lender to have a security interest) pursuant hereto or thereto; provided that, for Permitted Encumbrancesthe avoidance of doubt, or obtain any consents or waivers as Lender acknowledges that its priority with respect to the Collateral may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries subordinated with respect to deliver or cause to be delivered Indebtedness permitted under this Agreement that is secured by a Lien on the Mortgaged Property that is senior to the Administrative Agent from time Lien of Lender on the Mortgaged Property (including Indebtedness under the First Lien Financing and any Senior Qualified Additional Financing) (and Lender agrees to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent execute additional documents as the Administrative Agent shall reasonably deem necessary to perfect or maintain the reflect this priority of Liens on the Collateral pursuant to the Security Documentsin accordance with this Agreement) . Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any this Agreement or the other Loan Document Documents which requires any consent, approval, registrationrecording, qualification or authorization of any Governmental AuthorityAuthority following the occurrence and during the continuance of an Event of Default, it will Borrower shall execute and deliver, or will cause its Restricted Subsidiaries to execute the execution and deliver delivery of, all applications, certifications, instruments and other documents and papers that Lender may be required to obtain from Borrower for such governmental consent, approval, recording, qualification or authorization. In the Administrative Agent event that a Lien not otherwise permitted under this Agreement shall encumber the Mortgaged Property, any other item of Collateral or any portion thereof (or a mechanic’s or materialmen’s claim of lien shall be filed or otherwise asserted against the Mortgaged Property, any other item of Collateral or any portion thereof), Borrower shall promptly discharge or cause to be discharged by payment to the lienor or lien claimant or promptly secure removal by bonding or deposit with the county clerk or otherwise or, at Lender’s option, and if obtainable promptly obtain title insurance against, any such Lien or mechanics’ or materialmen’s claims of lien filed or otherwise asserted against the Mortgaged Property or such other item of Collateral or any portion thereof within 30 days after the date of notice thereof (which period Lender may requireextend in its sole discretion so long as Borrower is diligently pursuing such actions); provided, that the provisions of this Section 5.11 (and compliance therewith) shall not be deemed to constitute a waiver of any of the provisions of Section 6.02. Borrower shall fully preserve the Lien and the priority (subject to Permitted Liens) of the SLS Las Vegas Mortgage without cost or expense to Lender. If Borrower fails to promptly discharge, remove or bond off any Lien on the Administrative Agent Collateral which is not a Permitted Lien and which is not being contested by Borrower in good faith by appropriate proceedings promptly instituted and diligently conducted, within 60 days after the receipt of notice thereof from Lender, then Lender may, but shall not be required to, procure the release and discharge of such Lien, and in furtherance thereof may, in its sole discretion, effect any settlement or compromise with the lienor or lien claimant or post any bond or furnish any security or indemnity as Lender, in its sole discretion, may elect. In settling, compromising or arranging for the discharge of any Liens or claims of Liens under this Section 5.11, Lender shall not be required to establish or confirm the validity or amount of the Lien or the Required Lenders determine claim. Borrower agrees that they are required all costs and expenses reasonably expended or otherwise incurred pursuant to this Section 5.11 (including reasonable attorneys’ fees and disbursements) by law Lender shall constitute Obligations and shall be paid by Borrower in accordance with the terms hereof. For the avoidance of doubt, in the event of a conflict between this Agreement and the Disbursement Agreement with respect to have appraisals prepared in respect the terms of this Section 5.11, the terms of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it Disbursement Agreement shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agentcontrol.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement (Stockbridge/Sbe Investment Company, LLC)
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, the Administrative Borrower shall promptly, upon the reasonable request of the Administrative Agent or any Lender, at its the Administrative Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Collateral Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and first priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Collateral Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries Subject to the terms of the Intercreditor Agreement, the Administrative Borrower shall promptly deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Collateral Documents. Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to the Administrative Borrower shall promptly execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If Within 30 days following the last calendar day of each quarter, the Administrative Borrower shall deliver a determination of the appraised value of any Mortgaged Property that is a Borrowing Base Asset at such time by a third party independent appraiser meeting FIRREA requirements and selected by the Administrative Agent or (for the Required Lenders determine that they are required by law to have appraisals prepared in respect account of the Real Property of any Restricted Subsidiary constituting or about to become CollateralLenders) based upon FIRREA requirements, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA including, where appropriate, standards for mass appraisals, and are otherwise in form and substance reasonably satisfactory to the Administrative AgentAgent and consistent with appraisals delivered by the Administrative Borrower on the Effective Date.
Appears in 2 contracts
Sources: Term Loan Credit Agreement (Tousa Inc), Amendment Agreement (Tousa Inc)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any LenderRequired Lenders, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent and the Collateral Agent (in each case, at the direction of the Required Lenders) reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document or this Agreement, or use reasonable commercial efforts to obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent (in each case, at the direction of the Required Lenders) as the Administrative Agent Required Lenders shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Required Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender Lenders may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Holdings shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative AgentAgent and the Collateral Agent (in each case, at the direction of the Required Lenders).
Appears in 2 contracts
Sources: First Lien Credit Agreement (Global Geophysical Services Inc), Second Lien Credit Agreement (Global Geophysical Services Inc)
Security Interests; Further Assurances. Promptly (a) Subject to the terms, conditions and limitations set forth in this Agreement and any other Loan Document, promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgement and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable advisable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral covered thereby with (provided, however, that the obligations of the Loan Parties under this Section 5.11(a) shall not extend to Collateral arising under the laws of any jurisdiction outside of the United States) subject to no other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Liens.
(b) Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders Orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem reasonably necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents. Upon , subject to the exercise by the Administrative Agent or terms, conditions and limitations of this Agreement and any Lender of any power, right, privilege or remedy pursuant to any other Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. Document.
(c) If the Administrative Agent, the Collateral Agent or the Required Lenders reasonably determine that they are required by law any Legal Requirements to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become CollateralMortgaged Property, it if any, Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 2 contracts
Sources: First Lien Credit Agreement (SolarWinds Corp), First Lien Credit Agreement (SolarWinds Corp)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any LenderAgent, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no superior to and prior to the rights of all third Persons other than the holders of Permitted Liens and subject to other Liens thereon except for Permitted Encumbrancesas permitted by the Security Documents, or use commercially reasonable efforts to obtain any landlord or similar lien waivers and consents or waivers with respect to any material leased Real Property, as may be necessary or appropriate in connection therewith. It will The Credit Parties shall take any actions reasonably required by the Administrative Agent to ensure and/or demonstrate that the Lien and will cause its Restricted Subsidiaries security interests granted by the Security Documents continue to be perfected under the UCC or otherwise after the establishment of any Incremental Facilities and deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders documentation in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Credit Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender the Lenders may requirebe so required to obtain. If the Administrative Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Credit Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent.
Appears in 2 contracts
Sources: Credit Agreement (Atlantic Broadband Finance, LLC), Credit Agreement (Atlantic Broadband Finance, LLC)
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, promptly, upon the reasonable request of the any Administrative Agent, Collateral Agent or any Lender, at its the applicable Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the such Administrative Agent or such Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document or this Agreement, or obtain any consents or waivers as may be reasonably necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the applicable Administrative Agent and the applicable Collateral Agents from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the such Administrative Agent and such Collateral Agents as the such Administrative Agent and such Collateral Agents shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the any Administrative Agent, Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the such Administrative Agent, Collateral Agent or such Lender may require. If the any Administrative Agent, any Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Borrowers shall provide to the applicable Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA FIRREA, as applicable, and are otherwise in form and substance reasonably satisfactory to such Administrative Agent and the Administrative applicable Collateral Agent.
Appears in 2 contracts
Sources: Credit Agreement (Linens N Things Inc), Credit Agreement (Linens N Things Inc)
Security Interests; Further Assurances. Promptly upon the reasonable request of the Administrative Agent or any Lender, at its expense, it will execute, acknowledge and deliver, and cause its Restricted Subsidiaries to execute, acknowledge and deliver and thereafter register, file or record, and cause its Restricted Subsidiaries to register, file or record, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no other Liens thereon except for Permitted Encumbrancesas permitted by the Loan Documents, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Agent or the Required Lenders determine that they are required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent.
Appears in 2 contracts
Sources: Credit Agreement (Genesis Energy Lp), Credit Agreement (Genesis Energy Lp)
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate reasonably required in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered (using commercially reasonable efforts with respect to delivery of items from Persons who are not in the control of any Loan Party) to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which that requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may requirereasonably require in connection therewith. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA (or other applicable requirements) and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 2 contracts
Sources: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis South America Holdings LLC)
Security Interests; Further Assurances. Promptly (a) Subject to the terms and conditions of the Intercreditor Agreement and, to the extent applicable, any Term-ABL Intercreditor Agreement then in effect, promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its the Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to execute, acknowledge and deliver and thereafter register, file or record, and cause its Restricted Subsidiaries to register, file or record, in an appropriate governmental office, delivery of any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may reasonably require.
(b) Use its commercially reasonable efforts to comply with the Administrative Agent’s and each Lender’s requirements with respect to flood insurance (the “Flood Insurance Requirements”). If Upon receipt of written notice from the Administrative Agent or that it has received written notice from each Lender that such Lender’s Flood Insurance Requirements have been met to such Lender’s satisfaction, the Required Lenders determine that they are required by law Borrower shall (i) together with the Administrative Agent, direct the Title Company to have appraisals prepared in respect record the assignment of the Real Property Existing Mortgage and the Amended and Restated Mortgage in the Recording Office (such date of any Restricted Subsidiary constituting recordation, the “Record Date”), (ii) deliver or about cause to become Collateral, it shall provide be delivered an endorsement to the Administrative Agent appraisals that satisfy mortgagee’s policy of title insurance (the applicable requirements “Mortgage Policy Endorsement”) in substantially the form of the Real Estate Appraisal Reform Amendments of FIRREA and are Exhibit R, or otherwise in form and substance reasonably satisfactory acceptable to the Collateral Agent and as is customarily issued in the Commonwealth of Pennsylvania by the Title Company, insuring the assignment of the Existing Mortgage and the continuing lien of the Amended and Restated Mortgage, and insuring the Collateral Agent as the mortgagee of record as of the Record Date and which Mortgage Policy Endorsement shall reveal no liens or encumbrances other than (A) Permitted Liens or (B) other liens or encumbrances otherwise acceptable to the Collateral Agent, and (iii) deliver or cause to be delivered all affidavits and other documentation executed by JPMorgan, the Borrower or the Collateral Agent as reasonably requested by the Title Company in order for the Title Company to issue the Mortgage Policy Endorsement as described in the immediately preceding clause (ii), (iv) direct ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ PC, special Pennsylvania counsel for the Loan Parties, to issue a favorable written opinion in substantially the form of Exhibit Q, or any other form agreed by the Administrative Agent, to be dated as of the Record Date and (v) cause to be paid all costs and expenses of the Title Company in connection with the transactions set forth herein.
Appears in 2 contracts
Sources: Revolving Credit and Guaranty Agreement (Philadelphia Energy Solutions Inc.), Revolving Credit and Guaranty Agreement (Philadelphia Energy Solutions Inc.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrowers' expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third persons other than the holders of Existing Liens and subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents consents, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender the Lenders may requirebe so required to obtain. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, the Borrower and each Parent Company shall, and shall cause each Loan Party to, (i) promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its the Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable advisable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will permitted by the Loan Documents and will cause its Restricted Subsidiaries to (ii) deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders documentation in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by applicable law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent. Prior to the Discharge of the First Lien Term Obligations, (i) the requirements of this Section 6.14 to deliver any Collateral to the Collateral Agent shall be deemed satisfied by the delivery of such Collateral to the First Lien Collateral Agent or the Control Agent (as provided in the Intercreditor Agreement) and (ii) Holdings and the Borrower shall, and shall cause each Subsidiary to, comply with the requirements of this Section 6.14 with respect to the Obligations hereunder only to the same extent that Holdings, the Borrower and such Subsidiaries are required to comply with provisions analogous to this Section 6.14 with respect to the First Lien Term Obligations in the First Lien Credit Agreement.
Appears in 1 contract
Sources: Second Lien Term Credit Agreement (Foamex International Inc)
Security Interests; Further Assurances. Promptly The Canadian Borrower shall, promptly, upon the reasonable request of the Administrative Agent or any LenderAgent, at its the Canadian Borrower's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no superior to and prior to the rights of all third Persons other than the holders of Prior Liens and subject to other Liens thereon except for Permitted Encumbrancesas permitted by the Security Documents, or obtain any consents consents, including landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to Each Company shall deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary request to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Credit Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to each Company shall execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender the Lenders may requirebe so required to obtain. If the Administrative Agent or the Required Majority Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Obligor constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent.. Notwithstanding anything to the contrary in this Agreement, no Subsidiary shall be required to become a Guarantor or to grant any security interest in its assets if, in the reasonable judgment of the Administrative Agent, the cost of implementing such Guarantee or creating or perfecting such security
Appears in 1 contract
Sources: Credit Agreement (Bombardier Recreational Products Inc.)
Security Interests; Further Assurances. Promptly Each Credit Party shall, promptly, upon the reasonable request of Collateral Agent, and so long as such request (or compliance with such request) does not violate any Gaming/Racing Law or, if necessary, is approved by the Administrative Agent or any Lenderapplicable Gaming/Racing Authority (which Borrower hereby agrees to use commercially reasonable efforts to obtain), at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Collateral Agent reasonably necessary or desirable to create, protect or perfect or for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver or cause purported to be delivered covered thereby (subject to any applicable provisions set forth herein and in the Security Documents with respect to limitations on grant of security interests in certain types of Collateral and limitations or exclusions from the requirement to perfect Liens on such Collateral and any applicable Requirements of Law including, without limitation, any Gaming/Racing Laws) subject to no Liens other than Permitted Liens; provided that, notwithstanding anything to the Administrative Agent from time contrary herein or in any other Credit Document, in no event shall any Company be required to time such other documentationenter into control agreements with respect to its deposit accounts, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to securities accounts or commodity accounts. In the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon case of the exercise by the Administrative Collateral Agent or the Lenders or any Lender other Secured Party of any power, right, privilege or remedy pursuant to any Loan Credit Document following the occurrence and during the continuation of an Event of Default which requires any consent, approval, registration, qualification or authorization of any Governmental Gaming/Racing Authority, it will Borrower and will cause each of its Restricted Subsidiaries shall use commercially reasonable efforts to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Collateral Agent or the Required Lenders determine that they are may be so required by law such Gaming/Racing Authority to obtain. If Collateral Agent reasonably determines that it is required by applicable Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Credit Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Collateral Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory FIRREA, but not more than once every 24 months with respect to the Administrative Agentany such Real Property.
Appears in 1 contract
Sources: Credit Agreement (Boyd Gaming Corp)
Security Interests; Further Assurances. Promptly upon the reasonable request of From time to time execute and deliver, or cause to be executed and delivered, such additional instruments, certificates or documents, and take all such actions, as the Administrative Agent or any Lender, at its expense, it will execute, acknowledge and deliver, and cause its Restricted Subsidiaries to execute, acknowledge and deliver and thereafter register, file or record, and cause its Restricted Subsidiaries to register, file or record, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably may deem necessary or desirable for the continued validity, perfection and priority of the Liens Lien of the Collateral Agent on the Collateral covered thereby (or with no respect to any additions thereto or replacements or proceeds or products thereof which do not constitute Excluded Property, Excluded Real Property or other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries property with respect to deliver or cause to be delivered to which the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on Loan Documents do not require the Collateral Agent to have a security interest) pursuant to the Security Documentshereto or thereto. Upon the exercise by the Administrative Agent, Collateral Agent or any Lender Secured Party of any power, right, privilege or remedy pursuant to any this Agreement or the other Loan Document Documents which requires any consent, approval, registrationrecording, qualification or authorization of any Governmental AuthorityAuthority following the occurrence and during the continuance of an Event of Default, it will Borrower shall, or shall cause any other applicable Loan Party to, execute and deliver, or will cause its Restricted Subsidiaries to execute the execution and deliver delivery of, all applications, certifications, instruments and other documents and papers that the Administrative Agent, Collateral Agent or such Lender Secured Party may requirebe required to obtain from Borrower or the applicable Loan Party for such governmental consent, approval, recording, qualification or authorization. If In the event that a Lien not otherwise permitted under this Agreement shall encumber the Mortgaged Property, any other item of Collateral or any portion thereof (or a mechanic’s or materialmen’s claim of lien shall be filed or otherwise asserted against the Mortgaged Property, any other item of Collateral or any portion thereof), the relevant Loan Party shall promptly discharge or cause to be discharged by payment to the lienor or lien claimant or promptly secure removal by bonding or deposit with the county clerk or otherwise or, at the Administrative Agent’s option, and if obtainable promptly obtain title insurance against, any such Lien or mechanics’ or materialmen’s claims of lien filed or otherwise asserted against the Mortgaged Property or such other item of Collateral or any portion thereof within 30 days after the date of notice thereof (which period the Administrative Agent or may extend in its sole discretion so long as the Required Lenders determine relevant Loan Party is diligently pursuing such actions); provided, that they are required by law the provisions of this Section 5.11 (and compliance therewith) shall not be deemed to have appraisals prepared in respect constitute a waiver of any of the Real Property provisions of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements Section 6.02. Each of the Real Estate Appraisal Reform Amendments Loan Parties shall fully preserve the Lien and the priority (subject to Permitted Liens) of FIRREA each of the Mortgages and are otherwise in form and substance reasonably satisfactory the other Security Documents without cost or expense to the Administrative Agent, the Collateral Agent or the Secured Parties. If any Loan Party fails to promptly discharge, remove or bond off any Lien on the Collateral which is not a Permitted Lien and which is not being contested by the applicable Loan Party in good faith by appropriate proceedings promptly instituted and diligently conducted, within 60 days after the receipt of notice thereof from the Administrative Agent, then the Administrative Agent may, but shall not be required to, procure the release and discharge of such Lien, and in furtherance thereof may, in its sole discretion, effect any settlement or compromise with the lienor or lien claimant or post any bond or furnish any security or indemnity as the Administrative Agent, in its sole discretion, may elect. In settling, compromising or arranging for the discharge of any Liens or claims of Liens under this Section 5.11, the Administrative Agent shall not be required to establish or confirm the validity or amount of the Lien or the claim. Borrower agrees that all costs and expenses reasonably expended or otherwise incurred pursuant to this Section 5.11 (including reasonable attorneys’ fees and disbursements) by the Administrative Agent, the Collateral Agent or any Secured Party shall constitute Obligations and shall be paid by Borrower in accordance with the terms hereof. For the avoidance of doubt, in the event of a conflict between this Agreement and the Disbursement Agreement with respect to the terms of this Section 5.11, the terms of the Disbursement Agreement shall control.
Appears in 1 contract
Sources: Credit Agreement (Stockbridge/Sbe Investment Company, LLC)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any LenderAgent, at its the Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Collateral Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted hereunder or by the applicable Collateral Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Collateral Documents. Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent.
Appears in 1 contract
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Sources: Credit Agreement (PGT, Inc.)
Security Interests; Further Assurances. Promptly upon (a) Within 60 days after the reasonable request of Closing Date, deliver to the Administrative Agent or evidence satisfactory to it that the lockbox and concentration account arrangements contemplated by the Security Agreement have been established.
(b) Execute and deliver any Lenderand all further documents, at its expensefinancing statements, it will execute, acknowledge agreements and deliverinstruments, and cause its Restricted Subsidiaries to executetake all such further actions (including the filing and recording of financing statements, acknowledge fixture filings, mortgages, deeds of trust and deliver other documents and thereafter registerobtaining the execution of collateral access or similar agreements), file that may be required under any applicable law, or record, and cause its Restricted Subsidiaries to register, file or record, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by that the Administrative Agent may reasonably necessary or desirable for request, to cause the continued validityCollateral and Guarantee Requirement to be and remain satisfied, all at the Borrower's expense; and provide to the Administrative Agent, from time to time upon written request, evidence reasonably satisfactory to the Administrative 89 Keystone Senior Credit Agreement Agent as to the perfection and priority of the Transaction Liens on the Collateral covered thereby with no other Liens thereon except for Permitted Encumbrances, created or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver or cause intended to be delivered created by the Security Documents.
(c) If any material assets (including any real property or improvements thereto or any interest therein, in each case valued in excess of $500,000) are acquired by Holdings, the Borrower or any other Loan Party after the Closing Date (other than assets constituting Collateral that become subject to Transaction Liens upon acquisition thereof), notify the Administrative Agent from time to time such other documentationand the Lenders thereof, consentsand, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise if requested by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Agent or the Required Lenders determine that they are required Lenders, cause such assets to be subjected to a Transaction Lien securing the Secured Obligations and take, or cause the relevant Subsidiary to take, such actions as shall be necessary or reasonably requested by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy to grant and perfect or record such Transaction Lien (including actions described in Section 6.13(b)), all at the applicable requirements Borrower's expense.
(d) If an Event of the Real Estate Appraisal Reform Amendments of FIRREA Default has occurred and are otherwise in form is continuing and substance reasonably satisfactory to the Administrative AgentAgent or Required Lenders have so requested, cause any assets identified by such Persons to be subjected to a Transaction Lien securing the Secured Obligations and take, or cause the relevant Subsidiary to take, such actions as shall be necessary or reasonably requested by the Administrative Agent to grant and perfect or record such Transaction Lien, including actions described in Section 6.13(a), all at the Borrower's expense.
Appears in 1 contract
Security Interests; Further Assurances. Promptly (a) Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lenderthe Required Lenders, at its the Loan Parties’ joint and several expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesCollateral Liens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver .
(b) Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, instruments, consents, authorizations, approvals and orders Orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent or the Collateral Agent shall reasonably deem necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents. Upon .
(c) The Loan Parties will make arrangements to ensure that all filings and recordations made pursuant to this Section 5.11 and Section 5.10 are taken or made prior to any equivalent actions, filings or recordations made or taken pursuant to the exercise Second Lien Notes Documents (or the Permitted Refinancing Second Lien Notes Documents, if any).
(d) The Borrower will ensure that all of the Equity Interests of GETCO Investments and GETCO Strategic Investments shall at all times be owned by the Administrative Agent Borrower or any Lender of any power, right, privilege or remedy a Guarantor and be pledged as Collateral pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will the Guarantee and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Agent or the Required Lenders determine that they are required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative AgentCollateral Agreement.
Appears in 1 contract
Security Interests; Further Assurances. Promptly (a) . Promptly, upon the reasonable request of the Administrative Agent or any LenderRequired Holders, at its the Company's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Required Holders or the Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Noteholders and the Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Required Holders and the Agent as the Administrative Required Holders and the Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender Holder of any power, right, privilege or remedy pursuant to any Loan Basic Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender Holder may require. If the Administrative Agent or the Required Lenders Holders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Issuer constituting or about to become Collateral, it the Company shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Required Holders and the Agent.
Appears in 1 contract
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any LenderRequired Series A Noteholders, at its the Company’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Required Series A Noteholders or the Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Series A Noteholders and the Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Required Series A Noteholders and the Agent as the Administrative Required Series A Noteholders and the Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender Series A Noteholder of any power, right, privilege or remedy pursuant to any Loan Basic Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender Series A Noteholder may require. If the Administrative Agent or the Required Lenders Series A Noteholders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Issuer constituting or about to become Collateral, it the Company shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Required Series A Noteholders and the Agent.
Appears in 1 contract
Security Interests; Further Assurances. Promptly Subject to the limitations set forth in this Agreement, any other Loan Document and the DIP Orders:
(a) Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its the Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgement and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable advisable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver .
(b) Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders Orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem reasonably necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents. .
(c) Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may reasonably require. .
(d) If the Administrative Agent, the Collateral Agent or the Required Lenders reasonably determine that they are required by law any Legal Requirements to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Borrower shall provide to the Administrative Agent, the Collateral Agent or the Required Lenders, as applicable, appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
(e) In furtherance of the foregoing in this Section 5.11 and Section 5.10, to the maximum extent permitted by applicable Legal Requirements, each Loan Party (A) authorizes each of the Collateral Agent and/or the Administrative Agent to (x) if any of the Companies shall be in non-compliance with Section 5.11 or Section 5.12 or any provision of the Security Agreement or if any Default or Event of Default has occurred and is then continuing, execute any such documentation, consents, authorizations, approvals, Orders, applications, certifications, instruments and other documents and papers in such Loan Party’s name to the extent necessary to satisfy such Company’s obligations under Section 5.11 or 5.12 herein or under any Security Document, and (y) to file such agreements, instruments or other documents in any appropriate filing office, and (B) authorizes each of the Collateral Agent and/or the Administrative Agent to file any financing statement (and/or equivalent foreign registration) required hereunder or under any other Loan Document, and any continuation statement or amendment (and/or equivalent foreign registration) with respect thereto, in any appropriate filing office without the signature of such Loan Party.
Appears in 1 contract
Sources: Superpriority Priming Debtor in Possession Credit Agreement (CareMax, Inc.)
Security Interests; Further Assurances. Promptly Each Loan Party shall, at its own cost and expense, take any and all actions necessary to defend title to the Collateral against all persons and to defend the security interest of the Collateral Agent in the Collateral and the priority thereof against any Lien not expressly permitted pursuant to Section 6.02. Promptly, upon the reasonable request of the Administrative Agent Agent, any Lender or any Lenderthe Collateral Agent, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by Administrative Agent or the Administrative Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no superior and prior to the rights of all third persons other than the holders of Permitted Liens and subject to other Liens thereon except for Permitted Encumbrancesas permitted by the Security Documents, or obtain any consents consents, including landlord or similar Lien waivers and consents, as may be necessary or appropriate in connection therewith, to the extent contemplated hereby. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender the Collateral Agent of any power, right, privilege or remedy pursuant to any Loan Document which that requires any consent, approval, registration, qualification or authorization of any Governmental AuthorityAuthority or any other person, it will and will cause its Restricted Subsidiaries to execute and deliver and/or obtain all applications, certifications, instruments and other documents and papers that the Administrative Agent or the Collateral Agent may be so required to obtain. Notwithstanding anything to the contrary contained herein, if an Event of Default has occurred and is continuing, the Administrative Agent and the Collateral Agent shall have the right to require any Loan Party to execute and deliver documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall deem necessary to grant to the Administrative Agent, for its benefit and for the benefit of the other Secured Parties, a valid and perfected Lien subject to no Liens other than Permitted Liens on such Lender may requireassets and properties not otherwise required hereunder, except to the extent such requirements are illegal under applicable law, and no reasonable alternative structure can be devised having substantially the same effect as such actions that would not be illegal under applicable law. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, promptly, upon the reasonable request of the Administrative Agent or any Lender1060441.101066947.03-CHISR01A - MSW the Collateral Agent, at its the Co-Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate reasonably required in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered (using commercially reasonable efforts with respect to delivery of items from Persons who are not in the control of any Loan Party) to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which that requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may requirereasonably require in connection therewith. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Designated Company shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA (or other applicable requirements) and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Sources: Credit Agreement (Novelis Inc.)
Security Interests; Further Assurances. Promptly (a) Promptly, upon the reasonable request of the Required Lenders or of the Administrative Agent or any Lenderthe Collateral Agent (in each case, acting at the direction of the Required Lenders), at its the Companies’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise reasonably deemed by the Required Lenders or by the Administrative Agent reasonably or the Collateral Agent (in each case, acting at the direction of the Required Lenders) necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or (subject to any limitations in the Security Documents) obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver .
(b) Deliver or cause to be delivered to the Lenders, the Administrative Agent and the Collateral Agent from time to time such other documentation, instruments, consents, authorizations, approvals and orders Orders in form and substance reasonably satisfactory to the Administrative Agent Required Lenders as required by applicable Legal Requirements or as the Administrative Agent and the Collateral Agent (in each case acting at the direction of the Required Lenders) or the Required Lenders shall reasonably deem necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents. Upon .
(c) Notwithstanding anything to the exercise by the Administrative Agent contrary herein or in any other Loan Document, so long as no Event of Default exists, in no event shall any Loan Party or any Lender Subsidiary of a Loan Party be required to take any action (i) outside of the United States or Canada to perfect any Lien on (A) the Equity Interests of any power, right, privilege Foreign Subsidiary that is an Immaterial Subsidiary or remedy (B) a Foreign Subsidiary (or any of its assets) that is an Immaterial Subsidiary or (ii) that is not required to be taken pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Agent or the Required Lenders determine that they are required by law to have appraisals prepared in respect terms of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative AgentSecurity Agreement.
Appears in 1 contract
Sources: Senior Secured Term Loan Credit Agreement (Internap Corp)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewithpermitted by the applicable Security Document. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and Collateral Agent as the Administrative Agent and Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, Collateral Agent or such Lender may require. If the Administrative Agent, Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and Collateral Agent.
Appears in 1 contract
Security Interests; Further Assurances. Promptly (a) Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver .
(b) Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders Orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents. .
(c) Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. .
(d) If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law any Legal Requirements to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
(e) In furtherance of the foregoing in this Section 5.12 and Section 5.11, to the maximum extent permitted by applicable Legal Requirements, each Loan Party (A) authorizes each of the Collateral Agent and/or the Administrative Agent to execute any such documentation, consents, authorizations, approvals, Orders, applications, certifications, instruments and other documents and papers in such Loan Party’s name and to file such agreements, instruments or other documents in any appropriate filing office, (B) authorizes each of the Collateral Agent and/or the Administrative Agent to file any financing statement (and/or equivalent foreign registration) required hereunder or under any other Loan Document, and any continuation statement or amendment (and/or equivalent foreign registration) with respect thereto, in any appropriate filing office without the signature of such Loan Party, and (C) ratifies the filing of any financing statement (and/or equivalent foreign registration), and any continuation statement or amendment with respect thereto (and/or equivalent foreign registration), filed without the signature of such Loan Party prior to the date hereof.
Appears in 1 contract
Sources: Credit Agreement (BioScrip, Inc.)
Security Interests; Further Assurances. Promptly Each Loan Party shall, promptly upon the reasonable request of the Administrative Agent or any Lenderthe Co-Collateral Agents, at its the Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Co-Collateral Agents reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third Persons other than the holders of Prior Liens and subject to no other Liens thereon except for Permitted EncumbrancesLiens (to the extent permitted by the Security Documents), or use commercially reasonable efforts to obtain any consents consents, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewiththerewith to the extent Collateral located at such location is valued in excess of $1.0 million. It will and will cause its Restricted Subsidiaries to Each Loan Party shall deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Co-Collateral Agents as the Administrative Agent or the Co-Collateral Agents shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Notwithstanding, for purposes of Intellectual Property, the Loan Parties shall not have any obligation to perfect the Administrative Agent’s interest in Intellectual Property outside the United States under any Security Document. Upon the exercise by the Administrative Agent Agent, the Co-Collateral Agents or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent Agent, Co-Collateral Agents or such Lender the Lenders may requirebe so required to obtain. If the Administrative Agent Agent, the Co-Collateral Agents or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Lead Borrower shall provide to the Administrative Agent and the Co-Collateral Agents appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative AgentAgent and the Co-Collateral Agents.
Appears in 1 contract
Sources: Credit Agreement (Broder Bros., Co.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its the Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third Persons other than the holders of Prior Liens and subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or use commercially reasonably efforts to obtain any consents and agreements with consignees or bailee or warehouseman agreements, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If Agent, the Administrative Collateral Agent or the Required Lenders determine that they are may be so required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agentobtain.
Appears in 1 contract
Sources: Credit Agreement (Massey Energy Co)
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement and Section 5.11(i), promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its the Co-Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate reasonably required in connection therewith. It will and will cause its Restricted Subsidiaries Subject to the terms of Section 5.11(i), deliver or cause to be delivered (using commercially reasonable efforts with respect to delivery of items from Persons who are not in the control of any Loan Party) to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which that requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may requirereasonably require in connection therewith. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are 1087312.03B-CHISR01A1209777.02-CHISR02A - MSW required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Designated Company shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA (or other applicable requirements) and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Sources: Credit Agreement (Novelis Inc.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Sources: Credit Agreement (On Assignment Inc)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may reasonably require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Sources: Credit Agreement (USA Mobility, Inc)
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lenderthe Required Lenders acting through the Administrative Agent, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection (to the extent required by the applicable Security Document) and priority of the Liens on the Collateral covered thereby with thereby, subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries Upon the request of the Administrative Agent, the Collateral Agent or the Required Lenders acting through the Administrative Agent, use commercially reasonable efforts to deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect (to the extent required by the applicable Security Document) or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Sources: First Lien Credit Agreement (Thompson Creek Metals CO Inc.)
Security Interests; Further Assurances. Promptly (a) Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its the Companies’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver .
(b) Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders Orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents. .
(c) Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. .
(d) If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law any Legal Requirements to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Sources: First Lien Credit Agreement (Critical Homecare Solutions Holdings, Inc.)
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, following the Springing Security Effective Date, promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its the Borrower’s expense, it will (x) execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to execute, acknowledge and deliver and thereafter register, file or record, and cause its Restricted Subsidiaries to register, file or record, in an appropriate governmental office, delivery of any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority validity of the Liens on the Collateral covered thereby with subject to no other Liens thereon except Permitted Liens and (y) authorize the Collateral Agent or its counsel to file any UCC or PPSA financing statement in the United States or Canada deemed by the Administrative Agent or the Collateral Agent reasonably necessary for Permitted Encumbrancesthe continued perfection of the Liens on the Collateral covered thereby; provided, that, notwithstanding anything to the contrary in this Agreement or obtain any consents other Loan Document, the only Security Documents and filings required for the purposes of perfecting a pledge or waivers security interest shall be those filings made under the UCC or PPSA in the United States and Canada, as may applicable, and no other perfection steps shall be necessary made or appropriate required to be made in connection therewithrespect of the Collateral. It will and will cause its Restricted Subsidiaries Subject to the proviso in the immediately preceding sentence, following the Springing Security Effective Date, deliver or cause to be delivered (using commercially reasonable efforts with respect to delivery of items from Persons who are not in the control of any Loan Party) to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative such Agent as the Administrative such Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent (following the Springing Security Effective Date), or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which that requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute executedexecute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent or the Required Lenders determine that they are required by law to have appraisals prepared reasonably require in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agentconnection therewith.
Appears in 1 contract
Security Interests; Further Assurances. Promptly The Company shall promptly, upon the reasonable request of the Administrative Collateral Agent or any Lenderthe Required Noteholders, at its the Company's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Collateral Agent or the Required Noteholders reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Collateral Agent as or the Administrative Agent shall reasonably deem necessary Required Noteholders to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Collateral Agent or any Lender the Required Noteholders of any power, right, privilege or remedy pursuant to any Loan Basic Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Collateral Agent or such Lender the Required Noteholders may require. If the Administrative Collateral Agent or the Required Lenders Noteholders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Issuer constituting or about to become Collateral, it the Company shall provide to the Administrative Collateral Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative AgentCollateral Agent or the Required Noteholders.
Appears in 1 contract
Sources: Purchase and Security Agreement (Brown Jordan International Inc)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its the Borrowers' expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third Persons other than the holders of Prior Liens and subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or use commercially reasonably efforts to obtain any consents and agreements with consignees or bailee or warehouseman agreements, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If Agent, the Administrative Collateral Agent or the Required Lenders determine that they are may be so required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agentobtain.
Appears in 1 contract
Sources: Credit Agreement (Massey Energy Co)
Security Interests; Further Assurances. Promptly upon the reasonable request of the Administrative Agent or any Lender, at its expense, it will execute, acknowledge From time to time execute and deliver, or cause to be executed and cause its Restricted Subsidiaries to executedelivered, acknowledge and deliver and thereafter registersuch additional instruments, file certificates or recorddocuments, and cause its Restricted Subsidiaries to registertake all such actions, file or record, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably as Lender may deem necessary or desirable for the continued validity, perfection and priority of the Liens Lien of Lender on the Collateral covered thereby (or with no respect to any additions thereto or replacements or proceeds or products thereof which do not constitute Excluded Real Property or other Liens thereon except property with respect to which the Loan Documents do not require Lender to have a security interest) pursuant hereto or thereto; provided that, for Permitted Encumbrancesthe avoidance of doubt, or obtain any consents or waivers as Lender acknowledges that its priority with respect to the Collateral may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries subordinated with respect to deliver or cause to be delivered Indebtedness permitted under this Agreement that is secured by a Lien on the Mortgaged Property that is senior to the Administrative Agent from time Lien of Lender on the Mortgaged Property (including Indebtedness under the First Lien Financing and any Senior Qualified Additional Financing) (and Lender agrees to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent execute additional documents as the Administrative Agent shall reasonably deem necessary to perfect or maintain the reflect this priority of Liens on the Collateral pursuant to the Security Documentsin accordance with this Agreement). Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to any this Agreement or the other Loan Document Documents which requires any consent, approval, registrationrecording, qualification or authorization of any Governmental AuthorityAuthority following the occurrence and during the continuance of an Event of Default, it will Borrower shall execute and deliver, or will cause its Restricted Subsidiaries to execute the execution and deliver delivery of, all applications, certifications, instruments and other documents and papers that Lender may be required to obtain from Borrower for such governmental consent, approval, recording, qualification or authorization. In the Administrative Agent event that a Lien not otherwise permitted under this Agreement shall encumber the Mortgaged Property, any other item of Collateral or any portion thereof (or a mechanic’s or materialmen’s claim of lien shall be filed or otherwise asserted against the Mortgaged Property, any other item of Collateral or any portion thereof), Borrower shall promptly discharge or cause to be discharged by payment to the lienor or lien claimant or promptly secure removal by bonding or deposit with the county clerk or otherwise or, at Lender’s option, and if obtainable promptly obtain title insurance against, any such Lien or mechanics’ or materialmen’s claims of lien filed or otherwise asserted against the Mortgaged Property or such other item of Collateral or any portion thereof within 30 days after the date of notice thereof (which period Lender may requireextend in its sole discretion so long as Borrower is diligently pursuing such actions); provided, that the provisions of this Section 5.11 (and compliance therewith) shall not be deemed to constitute a waiver of any of the provisions of Section 6.02. Borrower shall fully preserve the Lien and the priority (subject to Permitted Liens) of the SLS Las Vegas Mortgage without cost or expense to Lender. If Borrower fails to promptly discharge, remove or bond off any Lien on the Administrative Agent Collateral which is not a Permitted Lien and which is not being contested by Borrower in good faith by appropriate proceedings promptly instituted and diligently conducted, within 60 days after the receipt of notice thereof from Lender, then Lender may, but shall not be required to, procure the release and discharge of such Lien, and in furtherance thereof may, in its sole discretion, effect any settlement or compromise with the lienor or lien claimant or post any bond or furnish any security or indemnity as Lender, in its sole discretion, may elect. In settling, compromising or arranging for the discharge of any Liens or claims of Liens under this Section 5.11, Lender shall not be required to establish or confirm the validity or amount of the Lien or the Required Lenders determine claim. Borrower agrees that they are required all costs and expenses reasonably expended or otherwise incurred pursuant to this Section 5.11 (including reasonable attorneys’ fees and disbursements) by law Lender shall constitute Obligations and shall be paid by Borrower in accordance with the terms hereof. For the avoidance of doubt, in the event of a conflict between this Agreement and the Disbursement Agreement with respect to have appraisals prepared in respect the terms of this Section 5.11, the terms of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it Disbursement Agreement shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agentcontrol.
Appears in 1 contract
Sources: Loan Agreement (Stockbridge/Sbe Investment Company, LLC)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any LenderAgent, at its the Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority in the United States of the Liens on the Collateral covered thereby with no superior to and prior to the rights of all third Persons other than the holders of Permitted Liens and subject to other Liens thereon except for Permitted Encumbrancesas permitted by the Security Documents, or obtain any consents consents, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will The Credit Parties shall take any actions reasonably required by the Administrative Agent to ensure and/or demonstrate that the Lien and will cause its Restricted Subsidiaries security interests granted by the Security Documents continue to be perfected under the UCC or otherwise after the establishment of any Incremental Term Loan or Incremental Term Loan Commitments deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and Table of Contents orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain in the United States the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Credit Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender the Lenders may requirebe so required to obtain. If the Administrative Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Credit Party constituting or about to become Collateral, it the Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent.
Appears in 1 contract
Sources: Senior Secured Credit Agreement (Language Line Services Holdings, Inc.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any LenderAgent, at its Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrances, or Liens and use commercially reasonable efforts to obtain any consents or waivers reasonably requested by the Administrative Agent as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent or the Security Trustee, as applicable, from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender the Security Trustee of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender the Security Trustee may requirereasonably require and as are commercially reasonable. If the Administrative Agent or the Required Lenders determine reasonably determines that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Borrower constituting or about to become Collateral, it Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent.
Appears in 1 contract
Sources: Dip Credit Agreement
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may reasonably require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law Requirements of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Sources: Credit Agreement (Ducommun Inc /De/)
Security Interests; Further Assurances. Promptly Each Obligor shall, promptly, upon the reasonable request of the Administrative Agent or any Lender, at its Borrower's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no other Liens thereon except for Permitted Encumbrancesthereby, or obtain any consents consents, including, without limitation, landlord or similar lien waivers and consents, as may be reasonably necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to Each Obligor shall deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant Collateral. If any Lender determines in good faith that it is required by any Governmental Authority or any Requirement of Law to obtain appraisals as to the Security Documentsmarket value of any Real Property constituting Collateral, Borrower shall obtain such appraisals as soon as practicable but in any event not less than 60 days after request therefor, at the sole cost and expense of Borrower and in confor- mity with the requirements of such Governmental Authority and all Requirements of Law, as from time to time in effect. If an Event of Default shall have occurred and be continuing, upon the reasonable request of the Administrative Agent, Borrower will obtain and deliver to the Administrative Agent appraisal reports in form and substance and from appraisers satisfactory to the Administrative Agent, stating (a) the then current fair market, orderly liquidation and forced liquidation values of all or any portion of the equipment or real estate owned by any Company and (b) the then current business value of each Company. All such appraisals shall be conducted and made at the reasonable expense of the Borrower. Upon the exercise by the Administrative Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Credit Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to each Obligor shall execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender the Lenders may require. If the Administrative Agent or the Required Lenders determine that they are be so required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agentobtain.
Appears in 1 contract
Security Interests; Further Assurances. Promptly (a) Each Qualified -------------------------------------- Company shall, promptly, upon the reasonable request of the Administrative Agent or any Lender, at its Borrower's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no superior to and prior to the rights of all third Persons other Liens thereon except for than the holders of Permitted EncumbrancesCollateral Liens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to Each Qualified Company shall deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Credit Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to each Qualified Company shall execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Agent or the Required Lenders determine that they are may be so required by law to have appraisals prepared in respect obtain.
(b) At the request of Administrative Agent made at any time after the Real Property occurrence and during the continuance of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements Event of the Real Estate Appraisal Reform Amendments of FIRREA Default and are otherwise in form and substance manner reasonably satisfactory to the Administrative Agent, each Obligor shall legend its Accounts, Instruments and the other books, records and documents of such Obligor evidencing or pertaining to its Accounts with an appropriate reference to the fact that such Accounts have been pledged to Administrative Agent for the benefit of the Secured Parties and that Administrative Agent has a security interest therein.
Appears in 1 contract
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement and Section 5.11(i), promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its the Co-Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate reasonably required in connection therewith. It will and will cause its Restricted Subsidiaries Subject to the terms of Section 5.11(i), deliver or cause to be delivered (using commercially reasonable efforts with respect to delivery of items from Persons who are not in the control of any Loan Party) to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which that requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may requirereasonably require in connection therewith. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Designated Company shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA (or other applicable requirements) and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Sources: Credit Agreement (Novelis Inc.)
Security Interests; Further Assurances. Promptly upon the reasonable request of From time to time execute and deliver, or cause to be executed and delivered, such additional instruments, certificates or documents, and take all such actions, as the Administrative Agent or any Lender, at its expense, it will execute, acknowledge and deliver, and cause its Restricted Subsidiaries to execute, acknowledge and deliver and thereafter register, file or record, and cause its Restricted Subsidiaries to register, file or record, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably may deem necessary or desirable for the continued validity, perfection and priority of the Liens Lien of the Collateral Agent on the Collateral covered thereby (or with no respect to any additions thereto or replacements or proceeds or products thereof which do not constitute Excluded Property, Excluded Real Property or other Liens thereon except for Permitted Encumbrances, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries property with respect to deliver or cause to be delivered to which the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on Loan Documents do not require the Collateral Agent to have a security interest) pursuant to the Security Documentshereto or thereto. Upon the exercise by the Administrative Agent, Collateral Agent or any Lender Secured Party of any power, right, privilege or remedy pursuant to any this Agreement or the other Loan Document Documents which requires any consent, approval, registrationrecording, qualification or authorization of any Governmental Authority, it will the Borrower shall, or shall cause any other applicable Loan Party to, execute and deliver, or will cause its Restricted Subsidiaries to execute the execution and deliver delivery of, all applications, certifications, instruments and other documents and papers that the Administrative Agent, Collateral Agent or such Lender Secured Party may requirebe required to obtain from the Borrower or the applicable Loan Party for such governmental consent, approval, recording, qualification or authorization. If In the event that, notwithstanding the covenants contained in Section 6.02, a Lien not otherwise permitted under this Agreement shall encumber the Mortgaged Property, any other item of Collateral or any portion thereof (or a mechanic’s or materialmen’s claim of lien shall be filed or otherwise asserted against the Mortgaged Property, any other item of Collateral or any portion thereof), the relevant Loan Party shall promptly discharge or cause to be discharged by payment to the lienor or lien claimant or promptly secure removal by bonding or deposit with the county clerk or otherwise or, at the Administrative Agent’s option, and if obtainable promptly obtain title insurance against, any such Lien or mechanics’ or materialmen’s claims of lien filed or otherwise asserted against the Mortgaged Property or such other item of Collateral or any portion thereof within 60 days after the date of notice thereof (which period the Administrative Agent or may extend in its sole discretion so long as the Required Lenders determine relevant Loan Party is diligently pursuing such actions); provided, that they are required by law the provisions of this Section 5.11 (and compliance therewith) shall not be deemed to have appraisals prepared in respect constitute a waiver of any of the Real Property provisions of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements Section 6.02. Each of the Real Estate Appraisal Reform Amendments Loan Parties shall fully preserve the Lien and the priority (subject to Permitted Liens) of FIRREA each of the Mortgages and are otherwise in form and substance reasonably satisfactory the other Security Documents without cost or expense to the Administrative Agent, the Collateral Agent or the Secured Parties. If any Loan Party fails to promptly discharge, remove or bond off any Lien on the Collateral which is not a Permitted Lien and which is not being contested by the applicable Loan Party in good faith by appropriate proceedings promptly instituted and diligently conducted, within 90 days after the receipt of notice thereof from the Administrative Agent, then the Administrative Agent may, but shall not be required to, procure the release and discharge of such Lien, and in furtherance thereof may, in its sole discretion, effect any settlement or compromise with the lienor or lien claimant or post any bond or furnish any security or indemnity as the Administrative Agent, in its sole discretion, may elect. In settling, compromising or arranging for the discharge of any Liens or claims of Liens under this Section 5.11, the Administrative Agent shall not be required to establish or confirm the validity or amount of the Lien or the claim. The Borrower agrees that all costs and expenses reasonably expended or otherwise incurred pursuant to this Section 5.11 (including reasonable attorneys’ fees and disbursements) by the Administrative Agent, the Collateral Agent or any Secured Party shall constitute Obligations and shall be paid by the Borrower in accordance with the terms hereof.
Appears in 1 contract
Sources: Debt Agreement (Revel AC, Inc.)
Security Interests; Further Assurances. Promptly (a) Subject to the limitations set forth in this Agreement or any other Loan Document, promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its the Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgement and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable advisable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver .
(b) Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders Orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem reasonably necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents. , subject to the terms, conditions and limitations of this Agreement and the Security Documents.
(c) Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may reasonably require. .
(d) If the Administrative Agent, the Collateral Agent or the Required Lenders reasonably determine that they are required by law any Legal Requirements to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
(e) In furtherance of the foregoing in this Section 5.11 and Section 5.10, to the maximum extent permitted by applicable Legal Requirements, each Loan Party (A) authorizes each of the Collateral Agent and/or the Administrative Agent to (x) if any of the Companies shall be in non-compliance with Section 5.11 or Section 5.12 or of any provision of any of the Security Agreement or if any Default or Event of Default has occurred and is then continuing, execute any such documentation, consents, authorizations, approvals, Orders, applications, certifications, instruments and other documents and papers in such Loan Party’s name to the extent necessary to satisfy such Company’s obligations under Section 5.11 or 5.12 herein or under any Security Document, and (y) to file such agreements, instruments or other documents in any appropriate filing office, and (B) authorizes each of the Collateral Agent and/or the Administrative Agent to file any financing statement (and/or equivalent foreign registration) required hereunder or under any other Loan Document, and any continuation statement or amendment (and/or equivalent foreign registration) with respect thereto, in any appropriate filing office without the signature of such Loan Party.
Appears in 1 contract
Sources: Credit Agreement (Inotiv, Inc.)
Security Interests; Further Assurances. Promptly The Company shall, and it shall cause the Subsidiary Guarantors to, promptly upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its the Company's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will The Company shall, and will shall cause its Restricted Subsidiaries to the Subsidiary Guarantors to, deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Credit Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may reasonably require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it the Company shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent. Without limiting the generality of the forgoing, in the event of the extension of any Additional Loans, the Company further agrees to, and will cause each other Loan Party to, execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other documents and the delivery of appropriate opinions of counsel), all at the expense of the Loan Parties, which may be required under any applicable law, or which the Administrative Agent or the Required Lenders may reasonably request, to confirm that the Liens created by the Security Documents secure the Additional Loans. The Loan Parties shall take any actions reasonably required by the Administrative Agent or the Collateral Agent to ensure and/or demonstrate that the Lien and security interests granted by the Security Documents continue to be perfected under the UCC or otherwise after the establishment of any such Additional Loans or Additional Loan Commitments.
Appears in 1 contract
Security Interests; Further Assurances. Promptly Each Company and Unrestricted Subsidiary shall, promptly, upon the reasonable request of the Administrative Agent or any Lender, at its Borrower's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no other Liens thereon except for Permitted Encumbrancesthereby, or obtain any consents consents, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will Each Company and will cause its Restricted Subsidiaries to Unrestricted Subsidiary shall deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant Collateral. If any Lender determines in good faith that it is required by any Governmental Authority or any Requirement of Law to obtain appraisals as to the Security Documentsmarket value of any Real Property constituting Collateral, Borrower shall obtain such appraisals as soon as practicable but in any event not less than 45 days after request therefor, at the sole cost and expense of Borrower and in conformity with the requirements of such Governmental Authority and all Requirements of Law, as from time to time in effect. Upon the exercise by the Administrative Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Credit Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to each Company shall execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Agent or the Required Lenders determine that they are may be so required by law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agentobtain.
Appears in 1 contract
Sources: Credit Agreement (Pricellular Corp)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third persons other than the holders of Permitted Collateral Liens and subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may so require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Security Interests; Further Assurances. Promptly (a) Each Qualified Company shall, promptly, upon the reasonable request of the Administrative Agent or any Lender, at its Borrower's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with no superior to and prior to the rights of all third Persons other Liens thereon except for than the holders of Permitted EncumbrancesCollateral Liens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to Each Qualified Company shall deliver or cause to be delivered to the Administrative Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent as the Administrative Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Credit Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to each Qualified Company shall execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent or such Lender may require. If the Administrative Agent or the Required Lenders determine that they are may be so required by law to have appraisals prepared in respect obtain.
(b) At the request of Administrative Agent made at any time after the Real Property occurrence and during the continuance of any Restricted Subsidiary constituting or about to become Collateral, it shall provide to the Administrative Agent appraisals that satisfy the applicable requirements Event of the Real Estate Appraisal Reform Amendments of FIRREA Default and are otherwise in form and substance manner reasonably satisfactory to the Administrative Agent, each Obligor shall legend its Accounts, Instruments and the other books, records and documents of such Obligor evidencing or pertaining to its Accounts with an appropriate reference to the fact that such Accounts have been pledged to Administrative Agent for the benefit of the Secured Parties and that Administrative Agent has a security interest therein.
Appears in 1 contract
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its the Company’s expense, it will the Company shall execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Administra- Table of Contents tive Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with superior to and prior to the rights of all third Persons other than the holders of Prior Liens and Permitted Liens and subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents consents, including, without limitation, landlord or similar lien waivers and consents, as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to The Company shall deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender the Lenders of any power, right, privilege or remedy pursuant to any Loan Credit Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender the Lenders may requirebe so required to obtain. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Obligor constituting or about to become Collateral, it the Company shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Parent Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or use reasonable commercial efforts to obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Parent Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement, promptly, upon the reasonable request of the Administrative Agent, the Col- lateral Agent or any Lender, at its Borrower's expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted Encumbrancesas permitted by the applicable Security Document, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law or regulation to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Security Interests; Further Assurances. Promptly (a) Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, enforceability, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver .
(b) Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders Orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary or advisable to perfect or maintain the validity, enforceability, perfection and priority of the Liens on the Collateral pursuant to the Security Documents. .
(c) Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. .
(d) If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law any Legal Requirements to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
(e) In furtherance of the foregoing in this Section 5.12 and Section 5.11, to the maximum extent permitted by applicable Legal Requirements, each Loan Party (A) authorizes each of the Collateral Agent and/or the Administrative Agent to execute any such documentation, consents, authorizations, approvals, Orders, applications, certifications, instruments and other documents and papers in such Loan Party’s name and to file such agreements, instruments or other documents in any appropriate filing office, (B) authorizes each of the Collateral Agent and/or the Administrative Agent to file any financing statement (and/or equivalent foreign registration) required hereunder or under any other Loan Document, and any continuation statement or amendment (and/or equivalent foreign registration) with respect thereto, in any appropriate filing office without the signature of such Loan Party, and (C) ratifies the filing of any financing statement (and/or equivalent foreign registration), and any continuation statement or amendment with respect thereto (and/or equivalent foreign registration), filed without the signature of such Loan Party prior to the date hereof.
(f) Borrower agrees to cooperate in good faith and utilize reasonable commercial efforts in considering amendments or modifications of this Agreement and the Loan Documents proposed by the Administrative Agent in its good faith judgment as being necessary to achieve a successful syndication or to arrange for the execution of an Issuing Bank of this Agreement; provided such amendments or modifications are no less favorable in any material economic term and are proposed within 90 days of the Restatement Date.
Appears in 1 contract
Sources: Credit Agreement (BioScrip, Inc.)
Security Interests; Further Assurances. Promptly Subject to the terms of the Intercreditor Agreement and to Section 5.11(k), promptly, upon the reasonable request of the Administrative Agent or any Lenderthe Collateral Agent, at its Borrowers’ expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for Permitted EncumbrancesLiens, or use commercially reasonable efforts to obtain any consents or waivers as may be necessary or appropriate reasonably required in connection therewith. It will and will cause its Restricted Subsidiaries Subject to the terms of Section 5.11(k), deliver or cause to be delivered (using commercially reasonable efforts with respect to delivery of items from Persons who are not in the control of any Loan Party) to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which that requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender 1096351.01A-CHISR01A1096355.04J-CHISR01A - MSW may requirereasonably require in connection therewith. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a requirement of Applicable Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting Collateral (it being understood that Real Property located in the United States shall not constitute, or about be required to become become, Collateral), it Borrowers shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA (or other applicable requirements) and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Sources: Credit Agreement (Novelis Inc.)
Security Interests; Further Assurances. Promptly Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent or any Lender, at its Borrower’s expense, it will execute, acknowledge and deliver, or cause the execution, acknowledgment and cause its Restricted Subsidiaries to executedelivery of, acknowledge and deliver and thereafter register, file or record, and or cause its Restricted Subsidiaries to registerbe registered, file filed or recordrecorded, in an appropriate governmental office, any document or instrument supplemental to or confirmatory of the Security Documents or otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary or desirable for the continued validity, perfection and priority of the Liens on the Collateral covered thereby with subject to no other Liens thereon except for other than Permitted EncumbrancesCollateral Liens, or obtain any consents or waivers as may be necessary or appropriate in connection therewith. It will and will cause its Restricted Subsidiaries to deliver Deliver or cause to be delivered to the Administrative Agent and the Collateral Agent from time to time such other documentation, consents, authorizations, approvals and orders in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent as the Administrative Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege or remedy pursuant to any Loan Document which requires any consent, approval, registration, qualification or authorization of any Governmental Authority, it will and will cause its Restricted Subsidiaries to Authority execute and deliver all applications, certifications, instruments and other documents and papers that the Administrative Agent, the Collateral Agent or such Lender may require. If the Administrative Agent, the Collateral Agent or the Required Lenders determine that they are required by law a Requirement of Law to have appraisals prepared in respect of the Real Property of any Restricted Subsidiary Loan Party constituting or about to become Collateral, it Borrower shall provide to the Administrative Agent appraisals that satisfy the applicable requirements of the Real Estate Appraisal Reform Amendments of FIRREA and are otherwise in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.
Appears in 1 contract
Sources: Credit Agreement (Itron Inc /Wa/)