Common use of Maintenance of Perfected Security Interest Clause in Contracts

Maintenance of Perfected Security Interest. It shall maintain each of the security interests created by this Agreement as a perfected first priority security interest (to the extent such security interest may be perfected by the filing of a UCC financing statement, physical possession or the entering into of account control agreements), including, without limitation, by filing any financing statement, amendment or continuation statement under the Uniform Commercial Code in effect from time to time in Washington, D.C., and shall reasonably defend such security interest and such priority against the claims and demands of all Persons, at its sole cost and expense.

Maintenance of Perfected Security Interest. It Pledgor shall maintain each of the security interests created by this Agreement as a perfected first priority security interest (to the extent such security interest may be perfected by the filing of a UCC financing statement, giving of notice to the Ultimate Parent pursuant to Article 364 of the Civil Code, physical possession or the entering into of account control agreements), including, without limitation, including by filing any financing statement, statement or amendment or continuation statement under the Uniform Commercial Code UCC in effect from time to time in Washington, D.C.Delaware, and shall reasonably defend such security interest and such priority against the claims and demands of all Persons, at its sole cost and expense.