Subsidiary Security Agreements Sample Clauses

Subsidiary Security Agreements. The obligations of the Lenders to extend credit under the Credit Agreement are conditioned on, among other things, the execution and delivery by the Borrower and the Guarantors of an agreement in the form hereof. Accordingly, the Borrower, each Guarantor and the Administrative Agent agree as follows:

Subsidiary Security Agreements. Properly executed Third Amended and Restated Security Agreements of each Wholly-Owned Subsidiary in the form attached hereto as Exhibit 4.1(e) (each, a "Subsidiary Security Agreement").

Subsidiary Security Agreements. The Subsidiary Security Agreement, duly executed and delivered by each Subsidiary Guarantor. In addition, each Subsidiary Guarantor shall have taken such other action (including delivering to the Lender, for filing, appropriately completed and duly executed UCC financing statements and forms to be filed with the United States Patent and Trademark Office and such other statements or forms which may be necessary or required under any other applicable statute or regulation outside of the United States) as may be necessary or, in the opinion of the Lender, desirable to perfect the security interests purported to be created by the Subsidiary Security Agreement.

Subsidiary Security Agreements. The security agreements executed in favor of the Subordinated Creditors by Wats▇▇ ▇▇▇tems, Inc., Toxguard Fluid Technologies, Inc. and Toxguard Systems, Inc.

Subsidiary Security Agreements. The obligations shall be further secured by the grant of a first and prior lien on and security interest in all of the personal property of Indian Industries, Inc., Martin Yale Industries, ▇▇▇., Harvard Sports, Inc., and Escalade International, Limited and any other Subsidiary hereafter formed or acquired by the Company. Such lien and security interest shall be evidenced by a Subsidiary Security Agreement in the form of Exhibit "E" and by the filing of UCC Financing Statements in all offices deemed appropriate by the Bank.

Subsidiary Security Agreements. The Bank shall have received ------------------------------ originals of each Subsidiary Security Agreement and all accompanying UCC-1 Financing Statements, in each case duly executed by a duly Responsible Officer of the Subsidiary party thereto.

Subsidiary Security Agreements. The obligations of each of Doansco and Toledo Oxygen arising under, pursuant to, or by virtue of its respective Subsidiary Guaranty shall be secured by a valid and enforceable first priority security interest and lien in and to all of its personal property, tangible and intangible, whether now owned and existing or hereafter acquired or arising, including, without limitation, all equipment, inventory, accounts receivable, investment property and general intangibles and all proceeds thereof, which security interest will be created by an amended and restated security agreement executed and delivered by each of them to the Agent, for the benefit of the Banks and the Agent, each in the form attached hereto and made a part hereof for all purposes as EXHIBIT L or such other form as hereafter is required by the Agent, subject only to liens and security interests described in the exceptions enumerated in subsections 5.02(b)(1) through (7) of this Agreement.

Subsidiary Security Agreements. In order to secure the payment when due of the Borrower's Obligations as guaranteed under each of the respective Subsidiary Guaranties, the Borrower shall cause each Guarantor to convey to Agent for the benefit of each of the Banks a security interest in, among other things, all of the Property of each such Guarantor of a type described on Schedule 5 attached hereto and incorporated herein by reference, which security interest shall be a first and prior interest in all such items except for those Uniform Commercial Code security interests described on Schedule 6.11 attached hereto, and those Liens otherwise permitted under Section 7.2(b). Said security interest shall be evidenced by a Subsidiary Security Agreement dated the date hereof and executed, respectively, by each such Guarantor in favor of Agent for the benefit of each of the Banks in form and substance acceptable to Agent (as the same may from time to time be amended, the "Subsidiary Security Agreements"

Subsidiary Security Agreements. Each of the Material Subsidiaries existing on the Closing Date shall have executed and delivered to the Bank its Subsidiary Security Agreement, along with financing statements in form satisfactory to the Bank receipted to show that they have been filed in the appropriate filing offices to perfect the security interests granted to the Bank in such Subsidiary Security Agreement.