Maintenance of Perfected Security Interest. (a) Each Loan Party shall maintain and preserve the security interest created by this Agreement and the other Security Documents as a first priority perfected security interest (subject to Permitted Liens), shall enforce the rights, title and interests of the Collateral Agent and the Secured Parties with respect to the Collateral and shall preserve and defend title to the Collateral and the rights and interests of the Collateral Agent and the other Secured Parties in such Collateral against the claims and demands of all Persons whomsoever. (b) Each Loan Party will furnish to the Collateral Agent from time to time statements and schedules further identifying and describing the assets and property of such Loan Party and such other reports in connection therewith as the Collateral Agent may reasonably request, all in reasonable detail.
Appears in 6 contracts
Samples: Loan Agreement, Guarantee and Security Agreement (Nuveen Mortgage Opportunity Term Fund 2), Guarantee and Security Agreement (Nuveen Mortgage Opportunity Term Fund 2)
