Common use of Adverse Claim Clause in Contracts

Adverse Claim. Promptly notify Secured Party in writing of any claim, action or proceeding challenging the Security Interest or affecting title to all or any material portion of the Collateral or the Security Interest and, at Secured Party’s request, appear in and defend any such action or proceeding at Debtor’s reasonable expense.

Appears in 3 contracts

Samples: Security Agreement (iBio, Inc.), Security Agreement (Vertex Energy Inc.), Security Agreement (Deep Down, Inc.)

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Adverse Claim. Promptly notify Secured Party in writing of any claim, action action, or proceeding challenging the Security Interest or affecting title to all or any material portion of the Collateral or the Security Interest and, at Secured Party’s 's request, appear in and defend any such action or proceeding at Debtor’s reasonable Debtors' expense.

Appears in 2 contracts

Samples: Security Agreement (Monro Muffler Brake Inc), Security Agreement (Monro Muffler Brake Inc)

Adverse Claim. Promptly notify Secured Party in writing of any claim, action action, or proceeding challenging the Security Interest or affecting title to all or any material portion of the Collateral or the Security Interest and, at Secured Party’s 's request, appear in and defend any such action or proceeding at Debtor’s reasonable 's expense.

Appears in 2 contracts

Samples: Security Agreement (STW Resources Holding Corp.), Security Agreement (STW Resources Holding Corp.)

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Adverse Claim. Promptly notify Secured Party in writing of any claim, action or proceeding challenging the Security Interest or affecting title to all or any material portion of the Collateral or the Security Interest and, at Secured Party’s 's request, appear in and defend any such action or proceeding at Debtor’s reasonable 's expense.

Appears in 1 contract

Samples: General Security Agreement (Scottsdale Technologies Inc)

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