Defend Against Claims. The Debtor will defend the Collateral against all claims and demands of all Persons at any time claiming the same or any interest therein unless both the Agent and the Debtor determine that the claim or demand is not material and that, consequently, such defense would not be consistent with good business judgment. The Debtor will not permit any lien notices with respect to the Collateral or any portion thereof to exist or be on file in any public office except for those in favor of the Agent and those permitted under the terms of the Loan Agreement.
Appears in 4 contracts
Samples: General Security Agreement (Acura Pharmaceuticals, Inc), Company General Security Agreement (Acura Pharmaceuticals, Inc), Company General Security Agreement (Acura Pharmaceuticals, Inc)
Defend Against Claims. The Debtor Borrower will use reasonable efforts to defend the Collateral against all claims and demands of all Persons persons at any time claiming the same or any interest therein unless both the Agent and the Debtor determine Borrower determines that the claim or demand is not material and that, consequently, such defense would not be consistent with good business judgment. The Debtor Borrower will not permit any lien notices with respect to the Collateral or any portion thereof to exist or be on file in any public office except for those in favor of the Agent and those permitted under the terms of the Loan AgreementPermitted Liens.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Gigabeam Corp), General Security Agreement (Gigabeam Corp)
Defend Against Claims. The Debtor will defend the Collateral against all claims and demands of all Persons persons at any time claiming the same or any interest therein unless both the Agent and the Debtor determine that the claim or demand is not material and that, consequently, such defense would not be consistent with good business judgment. The Debtor will not permit any lien notices with respect to the Collateral or any portion thereof to exist or be on file in any public office except for those in favor of the Agent and those permitted under the terms of the Loan Purchase Agreement.
Appears in 2 contracts
Samples: Company General Security Agreement (Halsey Drug Co Inc/New), Company General Security Agreement (Halsey Drug Co Inc/New)
Defend Against Claims. The Debtor will defend the Collateral against all claims and demands of all Persons at any time claiming the same or any interest therein unless both the Agent and the Debtor determine that the claim or demand is not material and that, consequently, such defense would not be consistent with good business judgment. The Debtor will not permit any lien notices with respect to the Collateral or any portion thereof to exist or be on file in any public office except for those in favor of the Agent and those permitted under the terms of the Loan Purchase Agreement.
Appears in 1 contract
Samples: Company General Security Agreement (Halsey Drug Co Inc/New)
Defend Against Claims. The Debtor Borrower will defend the Collateral against all claims and demands of all Persons persons at any time claiming the same or any interest therein unless both the Agent Lender and the Debtor Borrower determine that the claim or demand is not material and that, consequently, such defense would not be consistent with good business judgment. The Debtor Borrower will not permit any lien notices with respect to the Collateral or any portion thereof to exist or be on file in any public office except for those in favor of the Agent Lender and those permitted under the terms of the Loan Agreement.
Appears in 1 contract
Defend Against Claims. The Debtor will defend the Collateral against all claims and demands of all Persons persons at any time claiming the same or any interest therein unless both the Agent and the Debtor determine determines that the claim or demand is not material and that, consequently, such defense would not be consistent with good business judgment. The Debtor will not permit any lien notices with respect to the Collateral or any portion thereof to exist or be on file in any public office except for those in favor of the Agent and those permitted under the terms of the Consolidated Bridge Loan Agreement.
Appears in 1 contract
Samples: General Security Agreement (Halsey Drug Co Inc/New)