Common use of Financing Statements and Other Actions; Defense of Title Clause in Contracts

Financing Statements and Other Actions; Defense of Title. Borrower hereby authorizes the Administrative Agent to file any financing statements, continuation statements, lien entry forms or other similar documents which Administrative Agent deems necessary in order to protect, preserve, continue, perfect, extend or maintain a valid security interest in the Collateral to secure payment of the Obligations. Borrower will take any and all actions necessary to defend title to the Collateral against all persons and to defend the security interest of the Administrative Agent in the Collateral and the priority thereof against any Lien not expressly permitted hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Starboard Resources, Inc.), Credit Agreement (Starboard Resources, Inc.)

AutoNDA by SimpleDocs

Financing Statements and Other Actions; Defense of Title. The Borrower hereby authorizes the Administrative Agent to file any file, and if requested will execute and deliver to the Administrative Agent, all financing statements, continuation statements, lien entry forms or statements and other similar documents which and take such other actions as may from time to time be requested by the Administrative Agent deems necessary in order to protect, preserve, continue, perfect, extend or maintain a valid first perfected security interest in the Collateral to secure payment of the ObligationsCollateral. The Borrower will take any and all actions necessary to defend title to the Collateral against all persons and to defend the security interest of the Administrative Agent in the Collateral and the priority thereof against any Lien not expressly permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (NVR Inc)

AutoNDA by SimpleDocs

Financing Statements and Other Actions; Defense of Title. The Borrower hereby authorizes the Administrative Agent to file any file, and if requested will execute and deliver to the Administrative Agent, all financing statements, continuation statements, lien entry forms or statements and other similar documents which and take such other actions as may from time to time be requested by the Administrative Agent deems necessary in order to protect, preserve, continue, perfect, extend or maintain a valid first perfected security interest in and, if applicable, Control of, the Collateral to secure payment of the ObligationsCollateral. The Borrower will take any and all actions necessary to defend title to the Collateral against all persons and to defend the security interest of the Administrative Agent in the Collateral and the priority thereof against any Lien not expressly permitted hereunder.

Appears in 1 contract

Samples: Pledge and Security Agreement (Teton Energy Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.