With respect to any Collateral acquired after the Closing Date or, in the case of inventory or equipment, any material Collateral moved after the Closing Date by any Loan Party (other than any Collateral described in Section 7.12(a) or [Section 7.12(b)]) as to which the Collateral Agent, for the benefit of the Secured Parties, does not have a first priority perfected security interest, promptly (and, in any event, within 10 Business Days following the date of such acquisition (or such longer period as may be agreed to by the Administrative Agent in its sole discretion)) # execute and deliver to the Administrative Agent and the Collateral Agent such amendments to the Pledge and Security Agreement or such other Collateral Documents as the Collateral Agent deems necessary or advisable to grant to the Collateral Agent, for the benefit of the Secured Parties, a security interest in such Collateral and # take all actions necessary or advisable to grant to, or continue on behalf of, the Collateral Agent, for the benefit of the Secured Parties, a perfected first priority security interest in such Collateral, including the filing of UCC financing statements in such jurisdictions as may be required by the Pledge and Security Agreement or by law or as may be requested by the Administrative Agent or the Collateral Agent.
With. (a) Subject to this [Section 5.10], with respect to any CollateralProperty acquired after the Closing Date or, in the case of inventory or equipment, any material Collateral moved after the Closing Date by any Loan Party (other thanthat is intended to be subject to the Lien created by any Collateral described in Section 7.12(a) or [Section 7.12(b)]) as to which the Collateral Agent, for the benefit of the Secured Parties, doesSecurity Documents but is not have a first priority perfected security interest, promptly (and,so subject (but, in any event, excluding any Equity Interest of a Subsidiary not required to be pledged pursuant to the last sentence of [Section 5.10(b)] and any Excluded Asset), promptly (and in any event within 10 Business Days followingsixty (60) days after the date of such acquisition (orthereof or such longer period as may be agreed to in writing by the Administrative Agent in its sole discretion))Agent) # execute and deliver to the Administrative Agent and the Collateral Agent such amendments or supplements to the Pledge andrelevant Security AgreementDocuments or such other Collateral Documentsdocuments as the Administrative Agent or the Collateral Agent deemsshall deem reasonably necessary or advisable to grant to the Collateral Agent, for its benefit and for the benefit of the other Secured Parties, a Lien on such Property under applicable U.S. state and federal law (and applicable foreign law unless the Collateral Agent shall determine in its sole discretion that the cost of complying with such applicable foreign law is excessive in relation to the value of the security interestto be afforded thereby) subject to no Liens other than Permitted Liens, # to the extent # the value of such after-acquired Property would constitute a material portion of the Collateral as a whole, and # requested by the Administrative Agent or the Collateral Agent, deliver customary and reasonable opinions of counsel to the Borrower in such Collateralform and substance, and from counsel, reasonably acceptable to the Administrative Agent, and # take all actions reasonably necessary or advisable to grant to, or continue on behalf of,cause such Lien to be duly perfected to the Collateral Agent, for the benefit of the Secured Parties, a perfected first priority security interestextent required by such Security Documents in such Collateral,accordance with all applicable Legal Requirements, including the filing of UCC financing statements in such jurisdictions as may be required by the Pledge and Security Agreement or by law or as may bereasonably requested by the Administrative Agent or the Collateral Agent.Agent and the delivery of Control Agreements (as defined in the Security Agreement) for the benefit of the Administrative Agent to the extent required pursuant to the Security Agreement. Subject to the limitations set forth herein and in the other Loan Documents, the Borrower and the other Loan Parties shall otherwise take such actions and execute and/or deliver to the Collateral Agent such documents as the Administrative Agent or the Collateral Agent shall reasonably require to confirm the validity, perfection and priority of the Lien of the Security Documents against such after-acquired Properties.
With respect“6.10 Collateral Requirement. Within 45 days (or such longer period of time agreed to any Collateral acquired afterby the Closing Date or,Administrative Agent in writing in its sole discretion) of the case of inventory or equipment, any material Collateral moved after the Closing Date by anyThird Amendment Effective Date, each Loan Party (other than any Collateral describedshall grant a perfected first-priority security interest and continuing Lien (subject to Permitted Liens) in Section 7.12(a) or [Section 7.12(b)]) as to whichfavor of the CollateralAdministrative Agent, for the benefit of the Secured Parties, does not have a first priority perfected security interest, promptly (and, in any event, within 10 Business Days followingon all of its Collateral to secure the date of such acquisition (or such longer period as may be agreed toObligations by the Administrative Agent in its sole discretion)) # execute and deliverdelivering to the Administrative Agent a customary security agreement, in form and the Collateral Agent such amendmentssubstance reasonably satisfactory to the Pledge and Security Agreement or such other Collateral Documents as the Collateral Agent deems necessary or advisable to grant to the Collateral Agent, for the benefit of the Secured Parties, a security interest in such Collateral and # take all actions necessary or advisable to grant to, or continue on behalf of, the Collateral Agent, for the benefit of the Secured Parties, a perfected first priority security interest in such Collateral, including the filing of UCC financing statements in such jurisdictions as may be required by the Pledge and Security Agreement or by law or as may be requested by the Administrative Agent or(together with each other security agreement and security agreement supplement, in each case as amended, the Collateral Agent.“Security Agreement”), duly executed by each Loan Party, together with:
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