Common use of Covenants Regarding Collateral Clause in Contracts

Covenants Regarding Collateral. Any and all injury to, or loss or destruction of, the Collateral shall be at the Subsidiary's risk, and shall not release the Subsidiary from its obligations hereunder. The Subsidiary agrees not to sell, transfer, assign, dispose of, mortgage, grant a security interest in, or encumber any of the Collateral except as permitted under the Loan Agreement. The Subsidiary agrees to maintain in force such insurance with respect to the Collateral as is required under the Loan Agreement. The Subsidiary agrees to pay all required taxes, liens, and assessments upon the Collateral, its use or operation, as required under the Loan Agreement. The Subsidiary further agrees that the Administrative Agent may, but shall in no event be obligated to, following written notice to the Subsidiary, insure any of the Collateral in such form and amount as the Administrative Agent may deem necessary or desirable if the Subsidiary fails to obtain insurance as required by the Loan Agreement, and that the Administrative Agent may pay or discharge any taxes if the Subsidiary fails to pay such taxes as required by the Loan Agreement or Liens (which are not Permitted Liens) on any of the Collateral, and the Subsidiary agrees to pay any such sum so expended by the Administrative Agent, with interest at the Default Rate, and such amounts shall be deemed to be a part of the Obligations secured by the Collateral under the terms of this Agreement.

Covenants Regarding Collateral. Any and all injury to, or loss or destruction of, the Collateral shall be at the Subsidiary's risk, and shall not release the Subsidiary from its obligations hereunder. The Subsidiary agrees not to sell, transfer, assign, dispose of, mortgage, grant a security interest in, or encumber any of the Collateral except as permitted under the Loan Agreement. The Subsidiary agrees to maintain in force such insurance with respect to the Collateral as is required under the Loan Agreement. The Subsidiary agrees to pay all required taxes, liens, and assessments upon the Collateral, its use or operation, as required under the Loan Agreement. The Subsidiary further agrees that the Administrative Agent may, but shall in no event be obligated to, following written notice to the Subsidiary, insure any of the Collateral in such form and amount as the Administrative Agent may deem necessary or desirable if the Subsidiary fails to obtain insurance as required by the Loan Agreement, and that the Administrative Agent may pay or discharge any taxes if the Subsidiary fails to pay such taxes as required by the Loan Agreement or Liens (which are not Permitted Liens) on any of the Collateral, and the Subsidiary agrees to pay any such sum so expended by the Administrative Agent, with interest at the Default Rate, and such amounts shall be deemed to be a part of the Obligations secured by the Collateral under the terms of this Agreement.

Covenants Regarding Collateral. Any and all injury to, or loss or destruction of, the Collateral shall be at the each Subsidiary's ’s risk, and shall not release the such Subsidiary from its obligations hereunder. The Each Subsidiary agrees not to sell, transfer, assign, dispose of, mortgage, grant a security interest in, or encumber any of the Collateral except as permitted under the Loan Agreement. The Each Subsidiary agrees to maintain in force such insurance with respect to the Collateral as is required under the Loan Agreement. The Each Subsidiary agrees to pay all required taxes, liens, and assessments upon the Collateral, its use or operation, as required under the Loan Agreement. The Each Subsidiary further agrees that the Administrative Agent may, but shall in no event be obligated to, following written notice to the such Subsidiary, insure any of the Collateral in such form and amount as the Administrative Agent may deem necessary or desirable if the such Subsidiary fails to obtain insurance as required by the Loan Agreement, and that the Administrative Agent may pay or discharge any taxes if the such Subsidiary fails to pay such taxes as required by the Loan Agreement or Liens (which are not Permitted Liens) on any of the Collateral, and the such Subsidiary agrees to pay any such sum so expended by the Administrative Agent, with interest at the Default Rate, and such amounts shall be deemed to be a part of the Guarantied Obligations secured by the Collateral under the terms of this Agreement.

Covenants Regarding Collateral. Any and all injury to, or loss or destruction of, the Collateral shall be at the SubsidiaryBorrower's risk, and shall not release the Subsidiary Borrower from its obligations hereunder. The Subsidiary Borrower agrees not to sell, transfer, assign, dispose of, mortgage, grant a security interest in, or encumber any of the Collateral except as permitted under the Loan Agreement. The Subsidiary Borrower agrees to maintain in force such insurance with respect to the Collateral as is required under the Loan Agreement. The Subsidiary Borrower agrees to pay all required taxes, liens, and assessments upon the Collateral, its use or operation, as required under the Loan Agreement. The Subsidiary Borrower further agrees that the Administrative Agent may, but shall in no event be obligated to, following upon prior written notice to the SubsidiaryBorrower, insure any of the Collateral in such form and amount as the Administrative Agent may deem necessary or desirable if the Subsidiary Borrower fails to obtain insurance as required by the Loan Agreement, and that the Administrative Agent may pay or discharge any taxes if the Subsidiary fails to pay such taxes as required by the Loan Agreement or Liens (which are not Permitted Liens) on any of the Collateral, and the Subsidiary Borrower agrees to pay any such sum so expended by the Administrative Agent, with interest at the Default Rate, and such amounts shall be deemed to be a part of the Obligations secured by the Collateral under the terms of this Agreement.

Covenants Regarding Collateral. Any and all injury to, or loss or destruction of, the Collateral shall be at the SubsidiaryBorrower's risk, and shall not release the Subsidiary Borrower from its obligations hereunder. The Subsidiary Borrower agrees not to sell, transfer, assign, dispose of, mortgage, grant a security interest in, or encumber any of the Collateral except as permitted under the Loan Agreement. The Subsidiary Borrower agrees to maintain in force such insurance with respect to the Collateral as is required under the Loan Agreement. The Subsidiary Borrower agrees to pay all required taxes, liens, and assessments upon the Collateral, its use or operation, as required under the Loan Agreement. The Subsidiary Borrower further agrees that the Administrative Agent may, but shall in no event be obligated to, following upon prior written notice to the SubsidiaryBorrower, insure any of the Collateral in such form and amount as the Administrative Agent may deem necessary or desirable if the Subsidiary Borrower fails to obtain insurance as required by the Loan Agreement, and that the Administrative Agent may pay or discharge any taxes if the Subsidiary Borrower fails to pay such taxes as required by the Loan Agreement or Liens (which are not Permitted Liens) on any of the Collateral, and the Subsidiary Borrower agrees to pay any such sum so expended by the Administrative Agent, with interest at the Default Rate, and such amounts shall be deemed to be a part of the Obligations secured by the Collateral under the terms of this Agreement.

Covenants Regarding Collateral. Any and all injury to, or loss or destruction of, the Collateral shall be at the Subsidiary's each Borrower’s risk, and shall not release the Subsidiary any Borrower from its obligations hereunder. The Subsidiary Each Borrower agrees not to sell, transfer, assign, dispose of, mortgage, grant a security interest in, or encumber any of the Collateral except as permitted under the Loan Agreement. The Subsidiary Each Borrower agrees to maintain in force such insurance with respect to the Collateral as is required under the Loan Agreement. The Subsidiary Each Borrower agrees to pay all required taxes, liens, and assessments upon the Collateral, its use or operation, as required under the Loan Agreement. The Subsidiary Each Borrower further agrees that the Administrative Agent may, but shall in no event be obligated to, following written notice to the Subsidiarysuch Borrower, insure any of the Collateral in such form and amount as the Administrative Agent may deem necessary or desirable if the Subsidiary such Borrower fails to obtain insurance as required by the Loan Agreement, and that the Administrative Agent may pay or discharge any taxes if the Subsidiary such Borrower fails to pay such taxes as required by the Loan Agreement or Liens (which are not Permitted Liens) on any of the Collateral, and the Subsidiary such Borrower agrees to pay any such sum so expended by the Administrative Agent, with interest at the Default Rate, and such amounts shall be deemed to be a part of the Secured Obligations secured by the Collateral under the terms of this Agreement.

Covenants Regarding Collateral. Any and all injury to, or loss or destruction of, the Collateral shall be at the each Subsidiary's risk, and shall not release the any Subsidiary from its obligations hereunder. The Each Subsidiary agrees not to sell, transfer, assign, dispose of, mortgage, grant a security interest in, or encumber any of the Collateral except as permitted under the Loan Agreement. The Each Subsidiary agrees to maintain in force such insurance with respect to the Collateral as is required under the Loan Agreement. The Each Subsidiary agrees to pay all -7- 165 required taxes, liens, and assessments upon the Collateral, its use or operation, as required under the Loan Agreement. The Each Subsidiary further agrees that the Administrative Agent may, but shall in no event be obligated to, following written notice to the such Subsidiary, insure any of the Collateral in such form and amount as the Administrative Agent may deem necessary or desirable if the any Subsidiary fails to obtain and maintain in effect insurance as required by the Loan Agreement, and that the Administrative Agent may pay or discharge any taxes if the Subsidiary fails to pay such taxes as required by the Loan Agreement or Liens (which are not Permitted Liens) on any of the Collateral, and the each Subsidiary agrees to pay any such sum so expended by the Administrative Agent, with interest at the Default Rate, and such amounts shall be deemed to be a part of the Obligations secured by the Collateral under the terms of this Agreement.

Covenants Regarding Collateral. Any and all injury to, or loss or destruction of, the Collateral shall be at the Subsidiary's Borrower’s risk, and shall not release the Subsidiary Borrower from its obligations hereunder. The Subsidiary Borrower agrees not to sell, transfer, assign, dispose of, mortgage, grant a security interest in, or encumber any of the Collateral except as permitted under the Loan Agreement. The Subsidiary Borrower agrees to maintain in force such insurance with respect to the Collateral as is required under the Loan Agreement. The Subsidiary Borrower agrees to pay all required taxes, liens, and assessments upon the Collateral, its use or operation, as required under the Loan Agreement. The Subsidiary Borrower further agrees that the Administrative Agent may, but shall in no event be obligated to, following upon prior written notice to the SubsidiaryBorrower, insure any of the Collateral in such form and amount as the Administrative Agent may deem necessary or desirable if the Subsidiary Borrower fails to obtain insurance as required by the Loan Agreement, and that the Administrative Agent may pay or discharge any taxes if the Subsidiary Borrower fails to pay such taxes as required by the Loan Agreement or Liens (which are not Permitted Liens) on any of the Collateral, and the Subsidiary Borrower agrees to pay any such sum so expended by the Administrative Agent, with interest at the Default Rate, and such amounts shall be deemed to be a part of the Secured Obligations secured by the Collateral under the terms of this Agreement.

Covenants Regarding Collateral. Any and all injury to, or loss or destruction of, the Collateral shall be at the SubsidiaryBorrower's risk, and shall not release the Subsidiary Borrower from its obligations hereunder. The Subsidiary Borrower agrees not to sell, transfer, assign, dispose of, mortgage, grant a security interest in, or encumber any of the Collateral except as permitted under the Loan Agreement. The Subsidiary Borrower agrees to maintain in force such insurance with respect to the Collateral as is required under the Loan Agreement. The Subsidiary Borrower agrees to pay all required taxes, liens, and assessments upon the Collateral, its use or operation, as required under the Loan Agreement. The Subsidiary Borrower further agrees that the Administrative Agent may, but shall in no event be obligated to, following upon prior written notice to the SubsidiaryBorrower, insure any of the Collateral in such form and amount as the Administrative Agent may deem necessary or desirable if the Subsidiary Borrower fails to obtain and maintain in effect insurance as required by the Loan Agreement, and that the Administrative Agent may pay or discharge any taxes if the Subsidiary fails to pay such taxes as required by the Loan Agreement or Liens (which are not Permitted Liens) on any of the Collateral, and the Subsidiary Borrower agrees to pay any such sum so expended by the Administrative Agent, with interest at the Default Rate, and such amounts shall be deemed to be a part of the Obligations secured by the Collateral under the terms of this Agreement.

Covenants Regarding Collateral. Any and all injury to, or loss or destruction of, the Collateral shall be at the Subsidiary's ’s risk, and shall not release the Subsidiary from its obligations hereunder. The Subsidiary agrees not to sell, transfer, assign, dispose of, mortgage, grant a security interest in, or encumber any of the Collateral except as permitted under the Loan Agreement. The Subsidiary agrees to maintain in force such insurance with respect to the Collateral as is required under the Loan Agreement. The Subsidiary agrees to pay all required taxes, liens, and assessments upon the Collateral, its use or operation, as required under the Loan Agreement. The Subsidiary further agrees that the Administrative Agent may, but shall in no event be obligated to, following written notice to the Subsidiary, insure any of the Collateral in such form and amount as the Administrative Agent may deem necessary or desirable if the Subsidiary fails to obtain insurance as required by the Loan Agreement, and that the Administrative Agent may pay or discharge any taxes if the Subsidiary fails to pay such taxes as required by the Loan Agreement or Liens (which are not Permitted Liens) on any of the Collateral, and the Subsidiary agrees to pay any such sum so expended by the Administrative Agent, with interest at the Default Rate, and such amounts shall be deemed to be a part of the Guarantied Obligations secured by the Collateral under the terms of this Agreement.

Covenants Regarding Collateral. Any and all injury to, or loss or destruction of, the Collateral shall be at the Subsidiary's Borrower’s risk, and shall not release the Subsidiary Borrower from its obligations hereunder. The Subsidiary Borrower agrees not to sell, transfer, assign, dispose of, mortgage, grant a security interest in, or encumber any of the Collateral except as permitted under the Loan Agreement. The Subsidiary Borrower agrees to maintain in force such insurance with respect to the Collateral as is required under the Loan Agreement. The Subsidiary Borrower agrees to pay all required taxes, liens, and assessments upon the Collateral, its use or operation, as required under the Loan Agreement. The Subsidiary Borrower further agrees that the Administrative Agent may, but shall in no event be obligated to, following written notice to the SubsidiaryBorrower, insure any of the Collateral in such form and amount as the Administrative Agent may deem necessary or desirable if the Subsidiary Borrower fails to obtain insurance as required by the Loan Agreement, and that the Administrative Agent may pay or discharge any taxes if the Subsidiary Borrower fails to pay such taxes as required by the Loan Agreement or Liens (which are not Permitted Liens) on any of the Collateral, and the Subsidiary Borrower agrees to pay any such sum so expended by the Administrative Agent, with interest at the Default Rate, and such amounts shall be deemed to be a part of the Secured Obligations secured by the Collateral under the terms of this Agreement.