Common use of Defend Collateral Clause in Contracts

Defend Collateral. Debtor shall defend the Collateral against the claims and demands of all other parties (other than Secured Party), including, without limitation, defenses, setoffs, and counterclaims asserted by any Account Debtor against Debtor or Secured Party.

Appears in 6 contracts

Samples: Loan and Security Agreement (FFP Marketing Co Inc), Loan and Security Agreement (Napco Security Systems Inc), Loan and Security Agreement (FFP Partners L P)

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Defend Collateral. Debtor shall defend the Collateral against the claims and demands of all other parties (other than Secured Party), ) including, without limitation, defenses, setoffs, and counterclaims asserted by any Account Debtor against Debtor or Secured Party.

Appears in 3 contracts

Samples: Loan and Security Agreement (Computone Corporation), Loan and Security Agreement (Delsoft Consulting Inc), Security Agreement (American Artists Film Corp/Mo/)

Defend Collateral. Debtor shall defend the Collateral against the claims and demands of all other parties (other than Secured PartyAgent or any Lender), including, without limitation, defenses, setoffsset-offs, and counterclaims asserted by any Account Debtor against Debtor or Secured PartyAgent or such Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Sigmatron International Inc)

Defend Collateral. Debtor shall defend the Collateral against the claims and demands of all other parties (other than Secured Party), ) including, without limitation, defenses, setoffs, and counterclaims asserted by any Account Debtor against Debtor or Secured Party.; provided, however, that nothing herein shall restrict the ability of Debtor to handle, compromise, settle or concede any dispute or claim as Debtor may deem reasonable. 9.17

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Air Group Inc)

Defend Collateral. Debtor Debtors shall defend the Collateral against the claims and demands of all other parties (other than Secured Party), including, without limitation, defenses, setoffs, and counterclaims asserted by any Account Debtor against Debtor Debtors or Secured Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Elecsys Corp)

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Defend Collateral. Debtor Borrower shall defend the Collateral against the claims and demands of all other parties (other than Secured PartyLenders), including, without limitation, defenses, setoffs, and counterclaims asserted by any Account Debtor against Debtor Borrower or Secured PartyLenders.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Koala Corp /Co/)

Defend Collateral. Debtor shall defend the Collateral against the claims and demands of all other parties (other than Secured Party), including, without limitation, defenses, setoffs, and counterclaims asserted by any Account Debtor against Debtor or Secured PartyParty (except as may be compromised or settled by Debtor in the ordinary course of business consistent with past practices).

Appears in 1 contract

Samples: Loan and Security Agreement (Otr Express Inc/Ks)

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