Common use of Movables Clause in Contracts

Movables. Each six months after the date hereof, the Borrower shall provide to NIB an updated current list of all of the Borrower’s movable assets, tangible and intangible, including lists of Material Agreements in compliance with Section 4.1(e) of the Security Agreement Over Movables, and shall forthwith take any other steps and actions necessary or advisable to ensure that the Secured Parties have a first ranking security interest (subject only to Permitted Liens) in respect of all of the Borrower’s movable assets, tangible and intangible present and future, under the Security Agreement Over Movables in accordance with all requirements of Romanian law.

Movables. Each six months after the date hereof, the Borrower shall provide to NIB EDC an updated current list of all of the Borrower’s movable assets, tangible and intangible, including lists of Material Agreements in compliance with Section 4.1(e) of the Security Agreement Over Movables, and shall forthwith take any other steps and actions necessary or advisable to ensure that the Secured Parties have a first ranking security interest (subject only to Permitted Liens) in respect of all of the Borrower’s movable assets, tangible and intangible present and future, under the Security Agreement Over Movables in accordance with all requirements of Romanian law.

Movables. Each six months after the date hereof, the Borrower shall provide to NIB the Bank an updated current list of all of the Borrower’s movable assets, tangible and intangible, including lists of Material Agreements in compliance with Section 4.1(e) of the Security Agreement Over Movables, and shall forthwith take any other steps and actions necessary or advisable to ensure that the Secured Parties have a first ranking security interest (subject only to Permitted Liens) in respect of all of the Borrower’s movable assets, tangible and intangible intangible, present and future, under the Security Agreement Over Movables in accordance with all requirements of Romanian law.