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

Financing Statements and Other Actions; Defense of Title. Except as otherwise stated in this Section 4.2.3, each Grantor will deliver to Administrative Agent all financing statements and execute and deliver Control Agreements and other documents and take such other actions as may from time to time be requested by Administrative Agent or any Secured Party in order to maintain a first priority perfected security interest in (and, in the case of Investment Related Property, Deposit Accounts, Commodity Accounts, Securities Accounts, letter-of-credit-rights (subject to Section 6.12(b) of the Credit Agreement), and electronic chattel paper, Control of) such Collateral, now owned or hereafter acquired; provided, that no Grantor shall be required to deliver Control Agreements with respect to (i) Excluded Payroll Accounts and (ii) any Deposit Accounts, Commodity Accounts, or Securities Accounts or other Collateral that is subject to the exemption set forth in Section 6.12(b) of the Credit Agreement; and provided, further that no Grantor shall be required to take any action to perfect a Security Interest in Vehicles or other titled goods except as required by Section 6.12 of the Credit Agreement. Each Grantor will take any and all actions necessary to defend title to the Collateral against all Persons and to defend the Security Interest and the priority thereof against any Lien not expressly permitted hereunder.