Common use of Covenants of the Grantor Clause in Contracts

Covenants of the Grantor. The Grantor hereby undertakes and covenants in favour of the Trustee to: 5.1 Notify the Trustee in writing of: (a) any change in the representations and warranties made hereinabove at Article 4; and (b) the existence of any security, hypothec, prior claims or property right retained or assigned securing Claims and, in such cases, to provide the Trustee, upon demand, with satisfactory proof that such security or hypothec has been registered or published in accordance with [Novelis LP ABL Hypothec] applicable law in order for the rights of the Trustee to be set up against third persons. 5.2 To refrain from mixing or combining the Corporeal Movable Property with other movable property belonging to a third party, or from transforming the same, except in the normal course of the Grantor’s Enterprise or unless consented to in writing by the Trustee. 5.3 To ensure that its right of ownership in any Mortgaged Property in the hands or possession of any third party remains enforceable against third parties and, accordingly, that such right has been registered or published, if registration or publication is required by law for the purpose of enforcement against third parties. 5.4 The parties however acknowledge that the transfer to the Grantor of and its right of ownership or other in the Intellectual Property listed in Schedule IV may not yet be recorded in the relevant intellectual property offices.

Covenants of the Grantor. The Grantor hereby undertakes and covenants in favour of the Trustee to: 5.1 Notify the Trustee in writing of: (a) any change in the representations and warranties made hereinabove at Article 4; and (b) the existence of any security, hypothec, prior claims or property right retained or assigned securing Claims and, in such cases, to provide the Trustee, upon demand, with satisfactory proof that such security or hypothec has been registered or published in accordance with [Novelis LP ABL Term Hypothec] applicable law in order for the rights of the Trustee to be set up against third persons. 5.2 To refrain from mixing or combining the Corporeal Movable Property with other movable property belonging to a third party, or from transforming the same, except in the normal course of the Grantor’s Enterprise or unless consented to in writing by the Trustee. 5.3 To ensure that its right of ownership in any Mortgaged Property in the hands or possession of any third party remains enforceable against third parties and, accordingly, that such right has been registered or published, if registration or publication is required by law for the purpose of enforcement against third parties. 5.4 The parties however acknowledge that the transfer to the Grantor of and its right of ownership or other in the Intellectual Property listed in Schedule IV may not yet be recorded in the relevant intellectual property offices.

Covenants of the Grantor. The Grantor hereby undertakes and covenants in favour of the Trustee to: 5.1 Notify the Trustee in writing of: (a) any change in the representations and warranties made hereinabove at Article 4; and (b) the existence of any security, hypothec, prior claims or property right retained or assigned securing Claims and, in such cases, to provide the Trustee, upon demand, with satisfactory proof that such security [Novelis Term Hypothec] or hypothec has been registered or published in accordance with [Novelis LP ABL Hypothec] applicable law in order for the rights of the Trustee to be set up against third persons. 5.2 To refrain from mixing or combining the Corporeal Movable Property with other movable property belonging to a third party, or from transforming the same, except in the normal course of the Grantor’s Enterprise or unless consented to in writing by the Trustee. 5.3 To ensure that its right of ownership in any Mortgaged Property in the hands or possession of any third party remains enforceable against third parties and, accordingly, that such right has been registered or published, if registration or publication is required by law for the purpose of enforcement against third parties. 5.4 The parties however acknowledge that the transfer to the Grantor of and its right of ownership or other in the Intellectual Property listed in Schedule IV may not yet be recorded in the relevant intellectual property offices.

Covenants of the Grantor. The Grantor hereby undertakes and covenants in favour of the Trustee to: 5.1 Notify the Trustee in writing of: (a) any change in the representations and warranties made hereinabove at Article 4; and (b) the existence of any security, hypothec, prior claims or property right retained or assigned securing Claims and, in such cases, to provide the Trustee, upon demand, with satisfactory proof that such security [Novelis ABL Hypothec] or hypothec has been registered or published in accordance with [Novelis LP ABL Hypothec] applicable law in order for the rights of the Trustee to be set up against third persons. 5.2 To refrain from mixing or combining the Corporeal Movable Property with other movable property belonging to a third party, or from transforming the same, except in the normal course of the Grantor’s Enterprise or unless consented to in writing by the Trustee. 5.3 To ensure that its right of ownership in any Mortgaged Property in the hands or possession of any third party remains enforceable against third parties and, accordingly, that such right has been registered or published, if registration or publication is required by law for the purpose of enforcement against third parties. 5.4 The parties however acknowledge that the transfer to the Grantor of and its right of ownership or other in the Intellectual Property listed in Schedule IV may not yet be recorded in the relevant intellectual property offices.