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. (b) The Borrower and its Subsidiaries will at all times maintain or cause to be maintained insurance covering such risks as are customarily carried by businesses similarly situated. (c) The Borrower will maintain its primary operating accounts with the Lender, although such requirement shall not be construed a requiring the Borrower to maintain deposit balances with the Lender. (d) The Borrower shall upon request of the Lender, execute such transfer orders, letters-in-lieu of transfer orders or division orders as the Lender may from time to time request in respect of the Collateral to effect a transfer and delivery to the Lender of the proceeds of production attributable to the Collateral.

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. (b) The Borrower and its Subsidiaries will at all times maintain or cause to be maintained insurance covering such risks as are customarily carried by businesses similarly situatedcustomary in the Borrower's business, but not less than that currently in place. (c) The Borrower will maintain its primary operating accounts with the Lender, although such requirement shall not be construed a requiring the Borrower to maintain deposit balances with the Lender. (d) The Borrower shall shall, upon request of the Lender, execute such transfer orders, letters-in-lieu of transfer orders or division orders as the Lender may from time to time request in respect of the Collateral to effect a transfer and delivery to the Lender of the proceeds of production attributable to the Collateral.

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. (b) The Borrower Borrowers will and its Subsidiaries will cause the Guarantor to at all times maintain or cause to be maintained insurance covering such risks as are customarily carried by businesses similarly situated. (c) The Borrower Borrowers will and will cause the Guarantor to maintain its primary operating accounts with the Lender, although such requirement shall not be construed a requiring the Borrower Borrowers to maintain deposit balances with the Lender. (d) The Borrower shall upon Upon request of the Lender, the Borrowers shall and will cause the Guarantor to execute such transfer orders, letters-in-lieu of transfer orders or division orders as the Lender may from time to time request in respect of the Collateral to effect a transfer and delivery to the Lender of the proceeds of production attributable to the Collateral.

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. (b) The Borrower and its Subsidiaries will at all times maintain or cause to be maintained insurance covering such risks as are customarily carried by businesses similarly situated. (c) The Borrower will maintain its primary operating accounts with the Lender, although such requirement shall not be construed a requiring the Borrower to maintain deposit balances with the Lender. (d) The Borrower shall upon Upon request of the Lender, the Borrower shall execute such transfer orders, letters-in-lieu of transfer orders or division orders as the Lender may from time to time request in respect of the Collateral to effect a transfer and delivery to the Lender of the proceeds of production attributable to the Collateral.