Common use of Further Assurances Perfection Clause in Contracts

Further Assurances Perfection. Each Pledgor shall from time to time, at the expense of Pledgors, promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that Secured Party may reasonably request, in order to perfect and protect any Lien granted or purported to be granted hereby or to enable Secured Party to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Without limiting the generality of the foregoing, each Pledgor will: (i) authenticate and file, or authorize Secured Party to file, such financing or continuation statements, or amendments thereto, and such other instruments or notices, as may be necessary or desirable, or as Secured Party may reasonably request, in order to perfect and preserve the Liens granted or purported to be granted hereby; and (ii) at Secured Party’s request, appear in and defend any action or proceeding that may affect any Pledgor’s title to or Secured Party’s Lien in all or any part of the Collateral.

Appears in 4 contracts

Samples: Credit Agreement (Ashford Hospitality Prime, Inc.), Credit Agreement (Ashford Hospitality Prime, Inc.), Credit Agreement (Sunstone Hotel Investors, Inc.)

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