Maintenance of Security Interest. ▇▇▇▇ agrees that it shall do all things necessary to preserve and maintain the security interests of the Owner under this Agreement and Indenture as a first priority lien in the Collateral and shall not permit the creation of any other lien, charge, security interest, or encumbrance in the Collateral. ▇▇▇▇ agrees that it shall execute and if necessary deliver to the Trustee for execution, and the Administrator agrees to file or record (at its own cost and expense), such notices, financing statements, continuation statements, certificates of title and other documents, and ▇▇▇▇ shall deliver to the Trustee upon request therefor such securities, agreements, writings, documents, certificates, instruments, or other intangibles, as the Trustee reasonably deems necessary from time to time to perfect and maintain the perfection of the security interests of the Trustee under this Agreement. The Trustee or the Administrator shall have the right to file this Agreement and any financing statement reflecting the content of this Agreement for record in any governmental office.
Appears in 15 contracts
Sources: Deposit and Security Agreement, Deposit and Security Agreement, Deposit and Security Agreement
Maintenance of Security Interest. ▇▇▇▇ TERI agrees that it shall do all things t▇▇▇▇s necessary to preserve and maintain the security interests of the Owner under this Agreement and Indenture as a first priority lien in the Collateral and shall not permit the creation of any other lien, charge, security interest, or encumbrance in the Collateral. ▇▇▇▇ TERI agrees that it shall execute and ▇▇▇ if necessary deliver to the Trustee for execution, and the Administrator agrees to file or record (at its own cost and expense), such notices, financing statements, continuation statements, certificates of title and other documents, and ▇▇▇▇ TERI shall deliver to the Trustee upon ▇▇▇▇ request therefor such securities, agreements, writings, documents, certificates, instruments, or other intangibles, as the Trustee reasonably deems necessary from time to time to perfect and maintain the perfection of the security interests of the Trustee under this Agreement. The Trustee or the Administrator shall have the right to file this Agreement and any financing statement reflecting the content of this Agreement for record in any governmental office.
Appears in 2 contracts
Sources: Deposit and Security Agreement (National Collegiate Student Loan Trust 2004-2), Deposit and Security Agreement (National Collegiate Student Loan Trust 2004-1)
Maintenance of Security Interest. ▇▇▇▇ agrees that it shall do all things necessary to preserve and maintain the security interests of the Owner under this Agreement and Indenture as a first priority lien in the Collateral and shall not permit the creation of any other lien, charge, security interest, or encumbrance in the Collateral. ▇▇▇▇ agrees that it shall execute and if necessary deliver to the Trustee for execution, and the Administrator agrees to file or record (at its own cost and expense), such notices, financing statements, 15 <PAGE> continuation statements, certificates of title and other documents, and ▇▇▇▇ shall deliver to the Trustee upon request therefor such securities, agreements, writings, documents, certificates, instruments, or other intangibles, as the Trustee reasonably deems necessary from time to time to perfect and maintain the perfection of the security interests of the Trustee under this Agreement. The Trustee or the Administrator shall have the right to file this Agreement and any financing statement reflecting the content of this Agreement for record in any governmental office.
Appears in 1 contract
Sources: Deposit and Security Agreement