Common use of Borrower’s obligation to execute further documents etc Clause in Contracts

Borrower’s obligation to execute further documents etc. The Borrower undertakes with the Lender to ensure that, throughout the Facility Period, the Security Documents shall create valid and binding obligations of the respective parties thereto and rights of the Lender enforceable in accordance with their respective terms and that it and any other party to any Security Document will, at their expense, execute, sign, perfect and do, and will procure the execution, signing, perfecting and doing by each of the other Security Parties of, any and every such further assurance, document, act or thing as in the reasonable opinion of the Lender may be necessary or desirable for perfecting the security contemplated or constituted by the Security Documents in light of this Agreement.

Appears in 4 contracts

Samples: Supplemental Agreement (Navios South American Logistics Inc.), Supplemental Agreement (Navios Maritime Holdings Inc.), Supplemental Agreement (Navios Maritime Holdings Inc.)

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