Common use of Affirmative Covenants of Debtors Clause in Contracts

Affirmative Covenants of Debtors. Each Debtor covenants and agrees to each and all of the following: (i) to execute and deliver promptly to the Collateral Agent all such other assignments, certificates, and supplemental writings, and to do all other acts or things, as the Collateral Agent may reasonably request in order more fully to evidence and perfect the security interest created herein and to promptly pay the reasonable costs and expenses of the Collateral Agent in connection with the Collateral Agent's perfection of its security interests in the Collateral hereunder; (ii) to furnish the Collateral Agent promptly with any information or writing that the Collateral Agent may reasonably request concerning the Collateral; (iii) to allow the Collateral Agent to inspect all books and records of any Debtor relating to the Collateral or the Notes, and to make and take away copies of such books and records at the Collateral Agent's expense; (iv) to notify the Collateral Agent promptly of any change in any material fact or circumstance warranted or represented by any Debtor in this Agreement or in any other writings furnished by any Debtor to the Collateral Agent in connection with the Collateral; (v) to notify the Collateral Agent promptly of any claim, action, or proceeding affecting title to the Collateral, or any part thereof, or the security interest herein, and at the request of the Collateral Agent, to appear in and defend, at Debtors' sole cost and expense, any action or proceeding; (vi) to maintain insurance customarily obtained by similar businesses and (vii) to pay to the Collateral Agent promptly the amount of all costs and expenses (including reasonable attorney's fees) incurred by the Collateral Agent in the enforcement of their rights hereunder.

Appears in 2 contracts

Samples: Security Agreement (Nascent Wine Company, Inc.), Security Agreement (Consolidated Energy Inc)

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Affirmative Covenants of Debtors. Each Debtor covenants and agrees to each and all of the following: (i) to execute and deliver promptly to the Collateral Agent all such other assignments, certificates, and supplemental writings, and to do all other acts or things, as the Collateral Agent may reasonably request in order more fully to evidence and perfect the security interest created herein and to promptly pay the reasonable costs and expenses of the Collateral Agent in connection with the Collateral Agent's perfection of its security interests in the Collateral hereunder; (ii) to furnish the Collateral Agent promptly with any information or writing that the Collateral Agent may reasonably request concerning the Collateral; (iii) to allow the Collateral Agent to inspect all books and records of any Debtor relating to the Collateral or the Notes, and to make and take away copies of such books and records at the Collateral Agent's expense; (iv) to notify the Collateral Agent promptly of any change in any material fact or circumstance warranted or represented by any Debtor in this Agreement or in any other writings furnished by any Debtor to the Collateral Agent in connection with the Collateral; (v) to notify the Collateral Agent promptly of any claim, action, or proceeding affecting title to the Collateral, or any part thereof, or the security interest herein, and at the request of the Collateral Agent, to appear in and defend, at Debtors' sole cost and expense, any action or proceeding; (vi) to maintain insurance customarily obtained by similar businesses and businesses, (vii) to pay to the Collateral Agent promptly the amount of all costs and expenses (including reasonable attorney's fees) incurred by the Collateral Agent in the enforcement of their rights hereunder, and (viii) to, within [thirty (30)] days of the date hereof, execute and deliver to the Collateral Agent for the ratable benefit of the Secured Parties one or more mortgages acceptable to the Secured Parties in their sole and absolute discretion in order to grant to the Collateral Agent, for the ratable benefit of the Secured Parties, a first priority mortgage lien on all of such Debtor's real property interests (including both fee and leasehold interests) with respect to which the Collateral Agent does not have a first priority mortgage lien on the date hereof and use its best efforts to obtain all consents required to grant the Collateral Agent a mortgage on any such real property interests with respect to which consent is required.

Appears in 2 contracts

Samples: Security Agreement (Consolidated Energy Inc), Security Agreement (Consolidated Energy Inc)

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Affirmative Covenants of Debtors. Each Debtor covenants and agrees to each and all of the following: (i) to execute and deliver promptly to the Collateral Agent all such other assignments, certificates, and supplemental writings, and to do all other acts or things, as the Collateral Agent may reasonably request in order more fully to evidence and perfect the security interest created herein and to promptly pay the reasonable costs and expenses of the Collateral Agent in connection with the Collateral Agent's perfection of its security interests in the Collateral hereunderherein; (ii) to furnish the Collateral Agent promptly with any information or writing that the Collateral Agent may reasonably request concerning the Collateral; (iii) to allow the Collateral Agent to inspect all books and records of any Debtor relating to the Collateral or the Notes, and to make and take away copies of such books and records at the Collateral Agent's expense; (iv) to notify the Collateral Agent promptly of any change in any material fact or circumstance warranted or represented by any Debtor in this Agreement or in any other writings furnished by any Debtor to the Collateral Agent in connection with the Collateral; (v) to notify the Collateral Agent promptly of any claim, action, or proceeding affecting title to the Collateral, or any part thereof, or the security interest hereintherein, and at the request of the Collateral Agent, to appear in and defend, at Debtors' ’ sole cost and expense, any such action or proceeding; (vi) to maintain insurance customarily obtained by similar businesses and (vii) to pay to the Collateral Agent promptly the amount of all costs and expenses (including reasonable attorney's ’s fees) incurred by the Collateral Agent in the enforcement of their rights hereunder.

Appears in 1 contract

Samples: Security Agreement (Tatonka Oil & Gas, Inc.)

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