Defense of Collateral. The Borrower, at its expense, will defend the Collateral against any claims or demands adverse to the Bank's security interest and will promptly pay, when due, all taxes or assessments levied against the Borrower on the Collateral.
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Samples: Line of Credit, Security and Pledge Agreement (Allied Capital Lending Corp), Line of Credit Agreement (Allied Capital Lending Corp)
Defense of Collateral. The Borrower, at its expense, will defend the Collateral against any claims or demands adverse to the BankLender's security interest therein and will promptly pay, when due, all taxes or assessments levied against the Borrower on the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Dunn Computer Corp), Loan and Security Agreement (Template Software Inc)
Defense of Collateral. The Each Borrower, at its expense, will shall --------------------- defend the Collateral against any claims or demands adverse to the BankSecurity Party's security interest granted hereunder and will shall promptly pay, when due, all taxes or assessments levied against the such Borrower on the Collateral.
Appears in 2 contracts
Samples: Security Agreement (Sra International Inc), Loan Agreement (Sra International Inc)
Defense of Collateral. The Each. Borrower, at its expense, will defend the Collateral against any claims or demands adverse to the BankLender's security interest therein and will promptly pay, when due, all taxes or assessments levied against the Borrower Borrowers on the Collateral, except as contested in good faith and through appropriate proceedings deemed reasonably acceptable to the Lender.
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Defense of Collateral. The Borrower, at its expense, will shall defend the Collateral against any claims or demands adverse to the BankAgent's security interest granted hereunder and will shall promptly pay, when due, all taxes or assessments levied against the Borrower on the Collateral.
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Defense of Collateral. The BorrowerBorrowers, at its their expense, will defend the Collateral against any claims or demands adverse to the BankLender's security interest and will promptly pay, when due, all taxes or assessments levied against the any Borrower on the Collateral.
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Defense of Collateral. The Borrower, at its expense, will defend the Collateral against any claims or demands adverse to the BankLender's security interest and will promptly pay, pay when due, due all taxes or assessments levied against the Borrower on the Collateral.
Appears in 1 contract
Defense of Collateral. The Each Borrower, at its expense, will defend the Collateral against any claims or demands adverse to the BankLender's security interest and will promptly pay, pay when due, due all taxes or assessments levied against the such Borrower on the Collateral.
Appears in 1 contract
