Continued Perfection of Security Interest. This Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until the payment and performance in full of the Obligations. The security interest created under this Agreement shall not be impaired by any intermediate payment or performance of the whole or any part of the Obligations but shall secure the ultimate balance of the Obligations. The Debtor agrees that it will not take any actions or fail to perform any of its duties or obligations under this Agreement so that after giving effect to such action or inaction the Secured Party will then, or with the passage of time, cease to have a first priority perfected security interest (subject to the Custodian Lien) in any of the Collateral; provided, however, that investments, cash, securities, interest, dividends, financial assets or any other Property withdrawn from the Collateral Accounts in accordance with Section 3.02, 3.06(b), 4.03(a) or 6.01 shall not be Collateral from and after the time of such withdrawal.
Continued Perfection of Security Interest. Pledgor agrees that it will not take any actions or fail to perform any of its duties or obligations under this Pledge Agreement that would cause Pledgee to cease to have a first priority perfected security interest of the Pledged Collateral. Pledgor agrees, from time to time and at its expense, to promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary, or that Pledgee may request in order to perfect and protect the pledge, hypothecation and security interest granted or purported to be granted hereby or to enable Pledgee to exercise and enforce its rights and remedies hereunder with respect to the Pledged Collateral. Pledgor hereby further authorizes Pledgee to file one or more financing or continuation statements, and amendments thereto, relative to all or any part of the Pledged Collateral.
Continued Perfection of Security Interest. Each Pledgor agrees that such Pledgor shall immediately deliver to Lender any and all of the certificates evidencing the Pledged Collateral. The certificates evidencing the Series A Units shall be accompanied by, as appropriate, (i) if applicable and requested by Lender, undated, duly executed stock powers or similar instrument endorsed by each Pledgor either in blank or to Lender in a manner which Lender deems satisfactory, and/or (ii) such other instruments or documents as Lender shall reasonably request. Each Pledgor agrees that it will not take any actions or fail to perform any of its duties or obligations under this Pledge Agreement that would cause Lender to cease to have a first priority perfected security interest of the Pledged Collateral. Each Pledgor agrees, from time to time and at its expense, to promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary, or that Lender may reasonably request in order to perfect and protect the pledge, hypothecation and security interest granted or purported to be granted hereby or to enable Lender to exercise and enforce its rights and remedies hereunder with respect to the Pledged Collateral. Pledgor hereby further authorizes Lender to file one or more financing or continuation statements, and amendments thereto, relative to all or any part of the Pledged Collateral.
Continued Perfection of Security Interest. Unless Borrower has provided Lender with thirty (30) days prior written notice of its intention to do any of the following and prior to taking such proposed action Borrower has executed and delivered all such additional document and performed all additional acts as Lender may reasonably request, in his reasonable discretion, to continue or maintain the existence and priority of the security interest of Lender in the Collateral and subject to the other provisions of this Security Agreement, Borrower shall not: (1) change its name, (2) change its jurisdiction of incorporation, or (3) change the location where the books and records related to the Collateral are maintained.
Continued Perfection of Security Interest. Each Pledgor agrees that it will not take any actions or fail to perform any of its duties or obligations under this Agreement so that after giving effect to such action or inaction the Collateral Agent will not then, or with the passage of time cease to have, a first priority perfected security interest in and to any of the Collateral owned by it. Each Pledgor agrees that from time to time, at the expense of such Pledgor, it will promptly execute and deliver all further instruments and documents, and take all further action that may be necessary or that the Collateral Agent may reasonably request, in order to perfect and protect the pledge, hypothecation and security interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral owned by such Pledgor. In connection with the foregoing, each Pledgor agrees to file, and further hereby authorizes the Collateral Agent to file, at any time and from time to time Financing Statements in any jurisdiction that may be necessary, or that the Collateral Agent deems necessary to create, perfect and protect the pledge, hypothecation and security interest granted or purported to be granted hereby.
Continued Perfection of Security Interest. Borrower shall immediately notify Bank if any information set forth in the Perfection Certificate is misleading in any way or is no longer true, correct and complete. In addition, Borrower shall immediately deliver to Bank a revised Perfection Certificate that is true, correct, complete and not misleading in any way. Upon the delivery of such revised Perfection Certificate such revised Perfection Certificate will be the applicable Perfection Certificate under this Security Agreement.
Continued Perfection of Security Interest. Unless Grantor has provided Lender with thirty (30) days prior written notice of its intention to do any of the following and prior to taking such proposed action Grantor has executed and delivered all such additional documents and performed all additional acts as Lender may require, in its sole discretion, to continue or maintain the existence and priority of the security interest of Lender in the Collateral, Grantor shall not: (1) change its name, (2) if Grantor is a corporation, general partnership, limited partnership or limited liability company, change its identity or structure, (3) transfer any of the Collateral to any other party other than the sale of Collateral in the ordinary course of its business, (4) if Grantor is an individual change the location of his or her principal residence, or (5) change the location where the books and records related to the Collateral are maintained.
Continued Perfection of Security Interest. The Grantors shall not: (1) change their respective names, identities or structures, (2) merge or consolidate into, or, except in the ordinary course of business, transfer any of their respective Collateral to, any other party, (3) change the location of their chief executive offices or principal places of business, (4) change the jurisdiction of their organization, or (5) change the location where the books and records related to their respective Collateral are maintained.
Continued Perfection of Security Interest. (a) The Pledgor agrees that it will not take any actions or fail to perform any of its duties or obligations under this Agreement so that after giving effect to such action or inaction the Collateral Agent will not then, or with the passage of time cease to, have a perfected security interest in any of the Collateral.
Continued Perfection of Security Interest. Unless Corning has provided KeySpan with thirty (30) days prior written notice of its intention to do any of the following and prior to taking such proposed action Corning has executed and delivered all such additional documents and performed all additional acts as KeySpan may require, in its sole discretion, to continue or maintain the existence and priority of the security interest of KeySpan in the Collateral, Corning will not: (1) change its name, (2) if Corning is a corporation, general partnership, limited partnership or limited liability company, change its identity or structure, (3) transfer any of the Collateral to any other party other than the sale of Collateral in the ordinary course of its business, or (4) change the location where the books and records related to the Collateral are maintained.
