CHARGOR COVENANTS Sample Clauses
CHARGOR COVENANTS. The Chargor hereby irrevocably and unconditionally covenants with the Chargee that the Chargor will, on reasonable request of the Chargee and at the expense of the Chargor, execute and deliver to the Chargee or to such Person or Persons as the Chargee may nominate such additional charge or charges of the Charged Property (or any part thereof) for the purpose of further securing the payment and discharge of all Secured Obligations, each such additional charge to be in such form as the Chargee may reasonably require.
CHARGOR COVENANTS. So long as the Senior Debt is outstanding, each Chargor covenants with the Senior Creditor that it shall not:
3.1.1 create, or allow to subsist, any Security Interest (other than a Junior Security Interest) over any of its assets, or any guarantee; or
3.1.2 take, or omit to take, any action which may impair the ranking set out in this deed.
CHARGOR COVENANTS. The Chargor hereby covenants with the Chargee to pay on demand as principal and not merely as surety, all of the Secured Obligations as and when the same become due and payable in accordance with the terms of the Loan Documents.