Further Protections. The Pledgor will pay in a timely fashion all taxes, assessments, fees or charges of any nature that are imposed in respect of the Collateral as a result of the Pledgor's ownership thereof or any action or omission on the part of the Pledgor. The Pledgor will give written notice to the Trust and the Collateral Agent of, and defend the Collateral against, any suit, action or proceeding against the Collateral or which could adversely affect the security interests granted hereunder.
Appears in 2 contracts
Samples: Security and Pledge Agreement (Nab Exchangeable Preferred Trust), Security and Pledge Agreement (Dollar General Strypes Trust)
Further Protections. The Each Pledgor will pay in a timely fashion all taxes, assessments, fees assessments or charges of any nature that are imposed in respect of the Collateral as a result of the Pledgor's ownership thereof or any action or omission on the part of the pledged by such Pledgor. The Each Pledgor will give written notice to the Trust and the Collateral Agent of, and defend the Collateral pledged by such Pledgor against, any suit, action or proceeding against the Collateral pledged by such Pledgor or which could adversely affect the security interests granted hereunder.
Appears in 1 contract
Samples: Security and Pledge Agreement (Nextel Strypes Trust)
Further Protections. The Each Pledgor will pay in a timely fashion all taxes, assessments, fees or charges of any nature that are imposed in respect of the Collateral as a result of the Pledgorsuch party's ownership thereof or any action or omission on the part of the such Pledgor. The Pledgor Pledgors will give written notice to the Trust and the Collateral Agent of, and defend the Collateral against, any suit, action or proceeding against the Collateral or which could adversely affect the security interests granted hereunder.
Appears in 1 contract
Samples: Security and Pledge Agreement (Nab Exchangeable Preferred Trust)
