Common use of Guarantor Collateral Clause in Contracts

Guarantor Collateral. 3.1 The Guarantor, at its own expense, will execute or cause to be executed all such documents, and will do or cause to be done all such things, which are reasonably requested by MLI (1) to enable MLI to enjoy, exercise or enforce its rights as a secured party under this Guarantee and (2) to evidence, and to establish and maintain the perfection and first priority of, MLI's security interest in the Guarantor Pledged Securities and the Guarantor Collateral Account (and the monies for the time being standing to the credit thereof and the debt represented thereby) and the perfection of MLI's security interest in the other property hereby pledged or charged. Without limiting the generality of the foregoing, the Guarantor, at its own expense, will execute and give or file, or both, all notices and documents (including, but not limited to, notice of the security created by or pursuant to this Guarantee) in such manner, to such persons and at such places as may be reasonably requested by MLI to establish and maintain the perfection and, as appropriate, first priority of MLI's said security interest. The Guarantor irrevocably and by way of security authorises MLI, if the Guarantor does not do so, to take any step contemplated by this Clause 3.1 (but MLI shall have no obligation to do so).

Guarantor Collateral. 3.1 The Guarantor, at its own expense, will execute or cause to be executed all such documents, and will do or cause to be done all such things, which are reasonably requested by MLI (1) to enable MLI to enjoy, exercise or enforce its rights as a secured party under this Guarantee and (2) to evidence, and to establish and maintain the perfection and first priority of, MLI's security interest in the Guarantor Pledged Charged Securities and the Guarantor Collateral Account (and the monies for the time being standing to the credit thereof and the debt represented thereby) and the perfection of MLI's security interest in the other property hereby pledged or charged. Without limiting the generality of the foregoing, the Guarantor, at its own expense, will execute and give or file, or both, all notices and documents (including, but not limited to, notice of the security created by or pursuant to this Guarantee) in such manner, to such persons and at such places as may be reasonably requested by MLI to establish estab lish and maintain the perfection and, as appropriate, first priority of MLI's said security interest. The Guarantor irrevocably and by way of security authorises MLI, if the Guarantor does not do so, to take any step contemplated by this Clause 3.1 (but MLI shall have no obligation to do so).