Common use of Defense of Collateral, Etc Clause in Contracts

Defense of Collateral, Etc. Pledgor shall defend and enforce its right, title and interest in and to any part of (a) the Pledged Collateral, and (b) if not included within the Pledged Collateral, those assets and properties whose loss could have a Material Adverse Effect, Pledgor shall defend Pledgee's right, title and interest in and to each and every part of the Pledged Collateral, each against all manner of claims and demands on a timely basis to the full extent permitted by applicable law.

Appears in 3 contracts

Samples: Loan Agreement (World Wireless Communications Inc), Loan Agreement (World Wireless Communications Inc), Registration Rights Agreement (World Wireless Communications Inc)

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Defense of Collateral, Etc. The Pledgor shall defend and enforce its right, title and interest in and to any part of of: (a) the its Pledged Collateral, Property; and (b) if not included within the its Pledged CollateralProperty, those assets and properties whose loss could have a Material Adverse Effect, the Pledgor shall defend Pledgee's the Secured Party’s right, title and interest in and to each and every part of the its Pledged CollateralProperty, each against all manner of claims and demands on a timely basis to the full extent permitted by applicable law.

Appears in 2 contracts

Samples: Security Agreement (Novo Energies Corp), Security Agreement (New Media Lottery Services Inc)

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Defense of Collateral, Etc. Pledgor shall defend and enforce its right, title and interest in and to any part of of: (a) the Pledged Collateral, ; and (b) if not included within the Pledged Collateral, those assets and properties whose loss could have a Material Adverse Effect, Pledgor shall shall, subject to the rights of previous pledgees and other holders of security interests in the Pledged Collateral, defend Pledgee's right, title and interest in and to each and every part of the Pledged Collateral, each against all manner of claims and demands on a timely basis to the full extent permitted by applicable law.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Genetic Vectors Inc), Pledge and Security Agreement (Genetic Vectors Inc)

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