Common use of Maintenance of Perfected Security Interest Clause in Contracts

Maintenance of Perfected Security Interest. Each Grantor shall, at its sole cost and expense, maintain the security interest created by this Agreement in the Pledged Collateral as a perfected First Priority security interest.

Appears in 2 contracts

Samples: Pledge Agreement (Ideanomics, Inc.), Pledge Agreement (Ideanomics, Inc.)

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Maintenance of Perfected Security Interest. Each Grantor shall, agrees that at its the sole cost and expenseexpense of the Grantors, such Grantor will maintain the security interest created by this Agreement in the Pledged Collateral as a perfected First Priority security interestinterest to the extent required herein subject only to Permitted Liens.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Archipelago Learning, Inc.)

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Maintenance of Perfected Security Interest. Each The Grantor shall, at its sole cost and expense, maintain the security interest created by this Agreement in the Pledged Collateral as a perfected First Priority security interest.

Appears in 1 contract

Samples: Pledge Agreement (Hoegh LNG Holdings Ltd.)

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