Common use of Creation of Liens and Further Assurances Clause in Contracts

Creation of Liens and Further Assurances. Borrower covenants and agrees that the Lender Liens described in SECTION 5.2 shall be created and perfected as a condition to funding any Borrowings or the issuance of any LC. Furthermore, Borrower shall, and shall cause each other appropriate Company to, perform the acts, duly authorize, execute, acknowledge, deliver, file, and record any additional writings, and pay all filing fees and costs as Administrative Agent or Required Lenders may reasonably deem appropriate or necessary to perfect and maintain the Lender Liens and preserve and protect the Rights of Administrative Agent and Lenders under any Credit Document.

Appears in 2 contracts

Samples: Credit Agreement (Ultrak Inc), Credit Agreement (Ultrak Inc)

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Creation of Liens and Further Assurances. Borrower covenants and agrees that the Lender Liens described in SECTION Section 5.2 shall must be reaffirmed, created and perfected as a condition to funding any Borrowings or the issuance of any LC. Furthermore, Borrower shall, and shall cause each other appropriate Company to, perform the acts, duly authorize, execute, acknowledge, deliver, file, file and record any additional writings, and pay all filing fees and costs as Administrative Agent or Required Lenders may reasonably deem appropriate or necessary to perfect and maintain the Lender Liens and their priority and preserve and protect the Rights of Administrative Agent and Lenders under any Credit Document.

Appears in 1 contract

Samples: Credit Agreement (Ultrak Inc)

Creation of Liens and Further Assurances. Borrower covenants and agrees that the Lender Liens described in SECTION 5.2 Section 5.6 shall be created and perfected as a condition to funding any Borrowings or the issuance of any LCBorrowings. Furthermore, Borrower shall, and shall cause each other appropriate Company to, perform the acts, duly authorize, execute, acknowledge, deliver, file, and record any additional writings, and pay all filing fees and costs as Administrative Agent, Collateral Agent or the Required Lenders may reasonably deem appropriate or necessary to perfect and maintain the Lender Liens and preserve and protect the Rights of Administrative Agent, Collateral Agent and Lenders under any Credit Document.

Appears in 1 contract

Samples: Credit Agreement (PMC Commercial Trust /Tx)

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Creation of Liens and Further Assurances. Borrower covenants and agrees that the Lender Liens described in SECTION Section 5.2 shall must be reaffirmed, created and perfected as a condition to funding any Borrowings or the issuance of any LC. Furthermore, Borrower shall, and shall cause each other appropriate Company to, perform the acts, duly authorize, execute, acknowledge, deliver, file, and record any additional writings, and pay all filing fees and costs as Administrative Agent or Required Lenders may reasonably deem appropriate or necessary to perfect and maintain the Lender Liens and their priority and preserve and protect the Rights of Administrative Agent and Lenders under any Credit Document.

Appears in 1 contract

Samples: Credit Agreement (Ultrak Inc)

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