Common use of Maintenance of Buyer Lien Clause in Contracts

Maintenance of Buyer Lien. ‌ Seller shall take or cause to be taken all actions reasonably required by or deemed desirable by Buyer, in its sole discretion, to maintain and preserve the Lien of the Security Documents and the priority thereof. Seller shall from time to time execute or cause to be executed, or authorize Buyer to prepare and file, any and all further Security Documents and register and record such documents and instruments in such offices reasonably requested by Buyer for such purposes. Seller shall take all action reasonably required by Buyer to cause each Additional Project Document to be or become subject to the Lien of the Security Documents (whether by amendment to the Security Documents or otherwise) and shall deliver or cause to be delivered to Buyer such legal opinions, certificates or other documents, including consent agreements that are substantially similar to the Consents, with respect to such Additional Project Documents as Buyer may reasonably request.

Appears in 4 contracts

Samples: Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement

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Maintenance of Buyer Lien. Seller shall take or cause to be taken all actions reasonably required by or deemed desirable by Buyer, in its sole discretion, to maintain and preserve the Lien of the Security Documents and the priority thereof. Seller shall from time to time execute or cause to be executed, or authorize Buyer to prepare and file, any and all further Security Documents and register and record such documents and instruments in such offices reasonably requested by Buyer for such purposes. Seller shall take all action reasonably required by Buyer to cause each Additional Project Document to be or become subject to the Lien of the Security Documents (whether by amendment to the Security Documents or otherwise) and shall deliver or cause to be delivered to Buyer such legal opinions, certificates or other documents, including consent agreements that are substantially similar to the Consents, with respect to such Additional Project Documents as Buyer may reasonably request.

Appears in 2 contracts

Samples: Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement

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