Common use of Lien Covenants Clause in Contracts

Lien Covenants. With respect to each Purchased Item acquired by the Purchaser, the Seller shall (i) take all action requested by the Purchaser to perfect, protect and more fully evidence the Purchaser’s ownership of and first priority perfected security interest in such Purchased Item, including, without limitation, executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (ii) taking all additional action that the Purchaser may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement and the other Repurchase Documents in such Purchased Items. Immediately upon notice to the Seller of a Lien or any circumstance which, if adversely determined, would reasonably likely to give rise to a Lien (other than in favor of the Purchaser or created by or through the Purchaser) on any of the Purchased Items, the Seller shall notify the Purchaser and the Seller shall further defend the Purchased Items against, and shall take such other action as is necessary to remove, any Lien or claim on or to the Purchased Items (other than any Lien created under this Agreement), and the Seller shall defend the right, title and interest of the Purchaser in and to any of the Purchased Items against the claims and demands of all Persons whomsoever.

Lien Covenants. With respect to each Purchased Item acquired by the PurchaserBuyer, the Seller shall will (i) take all action reasonably requested by the Purchaser Buyer to perfect, protect and more fully evidence the Purchaser’s Buyer's ownership of and first priority perfected security interest in such Purchased Item, including, without limitation, executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (ii) taking all additional action that the Purchaser Buyer may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Repurchase Agreement and the other Repurchase Documents in such Purchased Items. Immediately upon notice to the Seller of a Lien or any circumstance which, if adversely determined, determined would be reasonably likely to give rise to a Lien (other than in favor of the Purchaser Buyer or created by or through the Purchaser) Buyer), on any of the Purchased Items, the Seller shall notify the Purchaser Buyer and the Seller shall further defend the Purchased Items against, and shall will take such other action as is necessary to remove, any Lien or claim on or to the Purchased Items (other than any Lien created under this Repurchase Agreement), and the Seller shall will defend the right, title and interest of the Purchaser Buyer in and to any of the Purchased Items against the claims and demands of all Persons whomsoever.. Annex I-70

Lien Covenants. With respect to each Purchased Item acquired by the Purchaser, the Seller shall (i) take all action requested by the Purchaser to perfect, protect and more fully evidence the Purchaser’s ownership of and first priority perfected security interest in such Purchased Item, including, without limitation, executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (ii) taking all additional action that the Purchaser may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement and the other Repurchase Documents in such Purchased Items. Immediately upon notice to the Seller of a Lien or any circumstance which, if adversely determined, determined would be reasonably likely to give rise to a Lien (other than in favor of the Purchaser or created by or through the Purchaser) ), on any of the Purchased Items, the Seller shall notify the Purchaser and the Seller shall further defend the Purchased Items against, and shall will take such other action as is necessary to remove, any Lien or claim on or to the Purchased Items (other than any Lien created under this Agreement), and the Seller shall will defend the right, title and interest of the Purchaser in and to any of the Purchased Items against the claims and demands of all Persons whomsoever.

Lien Covenants. With respect to each Purchased Item acquired by the Purchaser, the Seller shall will (i) take all action reasonably requested by the Purchaser to perfect, protect and more fully evidence the Purchaser’s ownership of and first priority perfected security interest in such Purchased Item, including, without limitation, executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (ii) taking all additional action that the Purchaser may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement and the other Repurchase Documents in such Purchased Items. Immediately upon notice to the Seller of a Lien or any circumstance which, if adversely determined, determined would be reasonably likely to give rise to a Lien (other than in favor of the Purchaser or created by or through the Purchaser) ), on any of the Purchased Items, the Seller shall notify the Purchaser and the Seller shall further defend the Purchased Items against, and shall will take such other action as is necessary to remove, any Lien or claim on or to the Purchased Items (other than any Lien created under this Agreement), and the Seller shall will defend the right, title and interest of the Purchaser in and to any of the Purchased Items against the claims and demands of all Persons whomsoever.

Lien Covenants. With respect to each Purchased Item acquired by the PurchaserPurchaser or its designee, the Seller shall will (i) take all action reasonably requested by the Purchaser Deal Agent to perfect, protect and more fully evidence the Purchaser’s or its designee’s ownership of and first priority perfected security interest in such Purchased Item, including, without limitation, executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (ii) taking all additional action that the Purchaser Deal Agent may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement and the other Repurchase Documents in such Purchased Items. Immediately upon notice to the Seller of a Lien or any circumstance which, if adversely determined, determined would be reasonably likely to give rise to a Lien (other than in favor of the Purchaser Deal Agent as agent for the Secured Parties or created by or through the Purchaser) Purchaser or the Deal Agent), on any of the Purchased Items, the Seller shall notify the Purchaser Deal Agent and the Seller shall further defend the Purchased Items against, and shall will take such other action as is necessary to remove, any Lien or claim on or to the Purchased Items (other than any Lien created under this Agreement), and the Seller shall will defend the right, title and interest of the Deal Agent as agent for the Secured Parties and the Purchaser in and to any of the Purchased Items against the claims and demands of all Persons whomsoever.