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

Defense of Claims; Transferability of Pledged Collateral. Subject to the Loan Documents, each Pledgor shall, at its own cost and expense, take all commercially reasonable actions necessary to defend title to the Pledged 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.

Appears in 4 contracts

Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.)

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Defense of Claims; Transferability of Pledged Collateral. Subject to the Loan Documents, each Each Pledgor shall, at its own cost and expense, take all commercially reasonable actions necessary to defend title to the Pledged Collateral pledged by it hereunder and the security interest therein and Lien thereon granted to the Administrative Collateral Agent and the priority thereof against any and all claims and demands of all personsPersons, at its own cost and expense, at any time claiming any interest therein materially adverse to the Administrative Collateral Agent or any other Secured Party other than Permitted LiensLiens and as otherwise permitted by the Credit Documents.

Appears in 3 contracts

Samples: Security Agreement (Wynn Resorts LTD), Security Agreement (Wynn Las Vegas LLC), Security Agreement (Wynn Resorts LTD)

Defense of Claims; Transferability of Pledged Collateral. Subject to the Loan Documents, each Each Pledgor shall, at its own cost and expense, take all commercially reasonable actions necessary to defend title to the Pledged 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 personsPersons, 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 LiensEncumbrances and Liens otherwise permitted by Section 7.02 of the Credit Agreement.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Smith & Wesson Holding Corp), Pledge and Security Agreement (Smith & Wesson Holding Corp)

Defense of Claims; Transferability of Pledged Collateral. Subject to Section 6.04 of the Loan DocumentsCredit Agreement, each Pledgor shall, at its own cost and expense, take all commercially reasonable actions necessary to defend title to the Pledged Collateral pledged by it hereunder and the security interest therein and Lien thereon granted to the Administrative Collateral Agent and the priority thereof against all claims and demands of all personsPersons, at its own cost and expense, at any time claiming any interest therein adverse to the Administrative Collateral Agent or any other Secured Party other than Permitted Liens.

Appears in 2 contracts

Samples: Security Agreement (Foamex International Inc), Security Agreement (Foamex International Inc)

Defense of Claims; Transferability of Pledged Collateral. Subject to the First Lien Loan Documents, each Pledgor shall, at its own cost and expense, take all commercially reasonable actions necessary to defend title to the Pledged Collateral pledged by it hereunder and the security interest therein and Lien thereon granted to the Administrative Collateral 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 Collateral Agent or any other First Lien Secured Party other than Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Revel Entertainment Group, LLC)

Defense of Claims; Transferability of Pledged Collateral. Subject to Section 5.05 of the Loan DocumentsCredit Agreement, each Pledgor shall, at its own cost and expense, take all use commercially reasonable actions necessary efforts to defend title to the Pledged Collateral pledged by it hereunder and the security interest therein and Lien thereon granted to the Administrative Collateral 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 materially adverse to the Administrative Collateral Agent or any other Secured Party other than Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (CPI International Holding Corp.)

Defense of Claims; Transferability of Pledged Collateral. Subject to Section 7.1 of the Loan DocumentsCredit Agreement, each Pledgor shall, at its own cost and expense, take all commercially reasonable actions necessary to defend title to the Pledged 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 personsPersons, 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 LiensOther Prepetition Liens and the Carve Out.

Appears in 1 contract

Samples: Security Agreement (Foamex International Inc.)

Defense of Claims; Transferability of Pledged Collateral. Subject to the Loan Documents, each Each Pledgor shall, at its own cost and expense, take all commercially reasonable actions necessary to defend title to the Pledged 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.

Appears in 1 contract

Samples: Security Agreement (Powerwave Technologies Inc)

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Defense of Claims; Transferability of Pledged Collateral. Subject to the Loan Documents, each Pledgor shall, at its own cost and expense, take all commercially reasonable actions necessary to defend title to the Pledged Collateral pledged by it hereunder and the security interest therein and Lien Xxxx 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 Collateral Liens (other than Contested Liens).

Appears in 1 contract

Samples: Security Agreement

Defense of Claims; Transferability of Pledged Collateral. Subject to the Loan Documents, each The Pledgor shall, at its own cost and expense, take all use commercially reasonable actions necessary efforts to defend title to the Pledged Collateral pledged by it hereunder and the security interest therein and Lien thereon granted to the Administrative Agent Pledgee 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 LiensPledgee.

Appears in 1 contract

Samples: Pledge Agreement (Zheng Nanyan)

Defense of Claims; Transferability of Pledged Collateral. Subject to Section 7.1 of the Loan DocumentsCredit Agreement, each Pledgor shall, at its own cost and expense, take all commercially reasonable actions necessary to defend title to the Pledged 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 personsPersons, 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.

Appears in 1 contract

Samples: Revolving Credit Security Agreement (Foamex International Inc)

Defense of Claims; Transferability of Pledged Collateral. Subject to the Loan Documents, each Each Pledgor shall, at its own cost and expense, take all commercially reasonable actions necessary to defend title to the Pledged Collateral pledged by it hereunder and the security interest therein and Lien thereon granted to the Administrative Collateral 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 materially adverse to the Administrative Collateral Agent or any other Secured Party other than Permitted Collateral Liens.

Appears in 1 contract

Samples: Security Agreement (Emergency Medical Services CORP)

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