Common use of Maintenance of Perfected Security Interest Clause in Contracts

Maintenance of Perfected Security Interest. (a) Such Grantor shall ------------------------------------------ maintain the security interest created by this Agreement as a perfected security interest having at least the priority described in subsection 3.3 and shall defend such security interest against the claims and demands of all Persons whomsoever. (b) Such Grantor will furnish to the Trustee and the Administrative Agent from time to time statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the Administrative Agent may reasonably request, all in reasonable detail. (c) At any time and from time to time, upon the written request of the Administrative Agent or the Trustee, and at the sole expense of such Grantor, such Grantor will promptly and duly execute and deliver, and have recorded, such further instruments and documents and take such further actions as the Administrative Agent or the Trustee may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, including, without limitation, the filing of any financing or continuation statements under the Uniform Commercial Code (or other similar laws) in effect in any jurisdiction with respect to the security interests created hereby.

Appears in 2 contracts

Samples: Pledge Agreement (Federal Mogul Corp), Pledge Agreement (Federal Mogul Corp)

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Maintenance of Perfected Security Interest. Further --------------------------------------------------- Documentation. ------------- (a) Such Grantor shall ------------------------------------------ will maintain the security interest created by this Agreement as a perfected security interest having at least the priority described in subsection 3.3 Section 3.2 and shall defend such security interest against the claims and demands of all Persons whomsoeverPersons. (b) Such Grantor will furnish to the Collateral Trustee and the Administrative Agent from time to time statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the Administrative Agent Collateral Trustee may reasonably request, all in reasonable detail. (c) At any time and from time to time, upon the written request of the Administrative Agent or the Collateral Trustee, and at the sole expense of such Grantor, such Grantor will promptly and duly execute and deliver, and have recorded, such further instruments and documents and take such further actions action as the Administrative Agent or the Collateral Trustee may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, including, without limitation, including the filing of any financing or continuation statements statement under the Uniform Commercial Code UCC (or other similar laws) in effect in any jurisdiction with respect to the security interests interest created hereby, and the execution and delivery of Deposit Account Control Agreements and Control Account Agreements.

Appears in 1 contract

Samples: Pledge and Security Agreement (Finova Group Inc)

Maintenance of Perfected Security Interest. Further --------------------------------------------------------------- Documentation. -------------- (a) Such The Grantor shall ------------------------------------------ will maintain the security interest interests created by this Agreement as a perfected security interest interests having at least the priority described in subsection 3.3 Section 3.2 and shall defend such security interest interests against the claims and demands of all Persons whomsoeverPersons. (b) Such The Grantor will furnish to the Collateral Trustee and the Administrative Agent from time to time statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the Administrative Agent Collateral Trustee may reasonably request, all in reasonable detail. (c) At any time and from time to time, upon the written request of the Administrative Agent or the Collateral Trustee, and at the sole expense of such the Grantor, such the Grantor will promptly and duly execute and deliver, and have recorded, such further instruments and documents and take such further actions action as the Administrative Agent or the Collateral Trustee may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, including, without limitation, including the filing of any financing or continuation statements statement under the Uniform Commercial Code UCC (or other similar laws) in effect in any jurisdiction with respect to the security interests interest created hereby, and the execution and delivery of Deposit Account Control Agreements and Control Account Agreements.

Appears in 1 contract

Samples: Pledge and Security Agreement (Finova Group Inc)

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Maintenance of Perfected Security Interest. Further --------------------------------------------------- Documentation. -------------- (a) Such Grantor shall ------------------------------------------ will maintain the security interest created by this Agreement as a perfected security interest having at least the priority described in subsection 3.3 Section 3.2 and shall defend such security interest against the claims and demands of all Persons whomsoeverPersons. (b) Such Grantor will furnish to the Trustee and the Administrative Collateral Agent from time to time statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as the Administrative Collateral Agent may reasonably request, all in reasonable detail. (c) At any time and from time to time, upon the written request of the Administrative Agent or the TrusteeCollateral Agent, and at the sole expense of such Grantor, such Grantor will promptly and duly execute and deliver, and have recorded, such further instruments and documents and take such further actions action as the Administrative Collateral Agent or the Trustee may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, including, without limitation, including the filing of any financing or continuation statements statement under the Uniform Commercial Code UCC (or other similar laws) in effect in any jurisdiction with respect to the security interests interest created hereby, and the execution and delivery of Deposit Account Control Agreements and Control Account Agreements.

Appears in 1 contract

Samples: Indenture (Finova Group Inc)

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