Common use of Maintenance of Security; Insurance; Operating Accounts; Transfer Orders Clause in Contracts

Maintenance of Security; Insurance; Operating Accounts; Transfer Orders. (a) The Borrower shall execute and deliver, or cause the appropriate Person to execute and deliver, to the Lender all mortgages, deeds of trust, security agreements, financing statements, assignments and such other documents and instruments (including division and transfer orders), and supplements and amendments thereto, and take such other actions as the Lender deems necessary or desirable in order to (i) maintain as valid, enforceable, first-priority, perfected Liens (subject only to the Permitted Liens), all Liens granted to the Lender to secure the Note or (ii) monitor or control the proceeds therefrom.

Appears in 3 contracts

Samples: Credit Agreement (Toreador Royalty Corp), Credit Agreement (Gladstone Resources Inc), Credit Agreement (Trek Resources Inc)

AutoNDA by SimpleDocs

Maintenance of Security; Insurance; Operating Accounts; Transfer Orders. (a) The Borrower Borrowers shall execute and deliver, or cause the appropriate Person to execute and deliver, to the Lender all mortgages, deeds of trust, security agreements, financing statements, assignments and such other documents and instruments (including division and transfer orders), and supplements and amendments thereto, and take such other actions as the Lender deems necessary or desirable in order to (i) maintain as valid, enforceable, first-priority, perfected Liens (subject only to the Permitted Liens), all Liens granted to the Lender to secure the Note or (ii) monitor or control the proceeds therefrom.

Appears in 1 contract

Samples: Credit Agreement (Toreador Royalty Corp)

AutoNDA by SimpleDocs

Maintenance of Security; Insurance; Operating Accounts; Transfer Orders. 7.4.1 (ai) The Borrower shall execute and deliver, or cause the appropriate Person to execute and deliver, to the Lender all mortgages, deeds of trust, security agreements, financing statements, assignments and such other documents and instruments (including division and transfer orders), and supplements and amendments thereto, and take such other actions as the Lender deems necessary or desirable in order to (ia) maintain as valid, enforceable, first-priority, perfected Liens (subject only to the Permitted Liens), all Liens granted to the Lender to secure the Note or (iib) monitor or control the proceeds therefrom.

Appears in 1 contract

Samples: Credit Agreement (Gulfwest Energy Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.