Common use of Defense of Claims; Transferability of Collateral Clause in Contracts

Defense of Claims; Transferability of Collateral. Each Pledgor shall, at its own cost and reasonable expense, defend title to the Collateral pledged by it hereunder and the security interest therein and Lien thereon granted to the Administrative Agent and the priority thereof against all claims and demands of all persons, at its own cost and expense, at any time claiming any interest therein adverse to the Administrative Agent or any other Secured Party other than Permitted Liens. There is no agreement, order, judgment or decree, and no Pledgor shall enter into any agreement or take any other action, that would restrict the transferability of any of the material Collateral or otherwise materially impair or conflict with such Pledgor’s obligations or the rights of the Administrative Agent hereunder.

Defense of Claims; Transferability of Collateral. Each The Pledgor shall, at its own cost and reasonable expense, defend title (except to the extent possessed by the Borrower) to the Collateral pledged by it hereunder and the security interest therein therein, and Lien Liens thereon granted to the Administrative Agent and the priority thereof against all claims and demands of all persons, at its own cost and expense, Persons at any time claiming any interest therein adverse to the Administrative Agent or any other Secured Party Lender, other than Permitted Liens. There is no agreement, order, judgment or decree, and no the Pledgor shall not enter into any agreement or take any other action, that would restrict the transferability of any of the material Collateral or otherwise materially impair or conflict with such the Pledgor’s obligations or the rights of the Administrative Agent hereunder.

Defense of Claims; Transferability of Collateral. Each The Pledgor shall, at its own cost and reasonable expense, defend title to the Collateral pledged by it hereunder and the security interest therein and Lien thereon granted to the Administrative Agent and the priority thereof against all claims and demands of all persons, at its own cost and expense, at any time claiming any interest therein adverse to the Administrative Agent or any other Secured Party other than Permitted LiensParty. There Except for the Hilton Loan Documents or the Trust Documents, there is no agreement, order, judgment or decree, and no the Pledgor shall not enter into any agreement or take any other action, that would restrict prohibit the transferability of any of the material Collateral or otherwise materially impair or conflict with such the Pledgor’s obligations or the rights of the Administrative Agent hereunder.