Common use of Perfection and Priority Clause in Contracts

Perfection and Priority. Borrower shall pay all Lender's Expenses necessary to, take all actions necessary to, and, upon Collateral Agent's or any Lender's request, execute all writings and take and cause Borrower's Affiliates and Subsidiaries to take all other actions reasonably deemed advisable by Collateral Agent or any Lender to, preserve the Collateral or to establish, and determine priority of, perfection, continued perfection or enforce Collateral Agent's interest in the Collateral.

Appears in 3 contracts

Samples: Senior Secured Loan Agreement (Ugly Duckling Corp), Senior Secured Loan Agreement (Ugly Duckling Corp), Senior Secured Loan Agreement (Drivetime Automotive Group Inc)

AutoNDA by SimpleDocs

Perfection and Priority. Borrower shall pay all Lender's Expenses necessary to, take all actions necessary to, and, upon Collateral Agent's or any Lender's request, execute all writings and take and cause Borrower's Affiliates and Subsidiaries to take all other actions reasonably deemed advisable by Collateral Agent or any Lender to, to preserve the Collateral or to establish, and determine priority of, perfection, continued perfection or enforce Collateral AgentLender's interest in the Collateral.

Appears in 2 contracts

Samples: Loan Agreement (Ugly Duckling Corp), Loan Agreement (Ugly Duckling Corp)

AutoNDA by SimpleDocs

Perfection and Priority. Borrower shall pay all Lender's Expenses necessary to, take all actions necessary to, expenses and, upon Collateral Agent's or any Lender's request, execute all writings and take and cause Borrower's Affiliates and Subsidiaries to take all other actions reasonably deemed advisable by Collateral Agent or any Lender to, to preserve the Collateral or to establish, and determine priority of, perfection, continued perfection or enforce Collateral AgentLender's interest in the Collateral.

Appears in 1 contract

Samples: Credit and Security Agreement (Ugly Duckling Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!