Common use of Maintenance of Liens Clause in Contracts

Maintenance of Liens. (i) It shall take all action reasonably required to maintain and preserve the Liens created by the Security Documents to which it is a party and the priority of such Liens, subject to Permitted Liens. It shall (and shall cause each of its Subsidiaries to) from time to time execute or cause to be executed any and all further instruments reasonably requested by the Agent for such purposes. It shall (and shall cause each of its Subsidiaries to) promptly discharge at its own cost and expense, any Lien (other than Permitted Liens) on the Collateral.

Appears in 3 contracts

Samples: Credit Agreement (Hudbay Minerals Inc.), Amending Agreement (Hudbay Minerals Inc.), Credit Facility Agreement (HudBay Minerals Inc.)

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Maintenance of Liens. (i) It shall take all action reasonably required to maintain and preserve the Liens created by the Security Documents to which it is a party and the priority of such Liens, subject to Permitted Liens. It shall (and shall cause each of its Subsidiaries to) from time to time execute or cause to be executed any and all further instruments reasonably requested by the Agent for such purposes. It shall (and shall cause each of its Subsidiaries to) promptly discharge at its own cost and expense, any Lien (other than Permitted Liens) on the Collateral.

Appears in 1 contract

Samples: Credit Facility Agreement (HudBay Minerals Inc.)

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Maintenance of Liens. (i) It shall take all action reasonably required to maintain and preserve the Liens created by the Security Documents to which it is a party and the priority of such Liens, subject to Liens (other than Permitted Liens). It shall (and shall cause each of its Subsidiaries other Obligors to) from time to time execute or cause to be executed any and all further instruments reasonably requested by the Agent for such purposes. It shall (and shall cause each of its Subsidiaries other Obligors to) promptly discharge at its own cost and expense, any Lien (other than Permitted Liens) on the Collateral.

Appears in 1 contract

Samples: Credit Facility (Vox Royalty Corp.)

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