Common use of Performance Covenants Clause in Contracts

Performance Covenants. 5.3.1 Duly and timely comply with all the terms, conditions, covenants and warranties set forth in the Loan Documents, all at the times and places and in the manner set forth herein and therein, and diligently protect the rights of the Bank under such agreements where the failure to protect such rights would have a material adverse effect on the Bank's interests therein; 5.3.2 At all times maintain or cause to be maintained in favor of the Bank the security interests provided for under or pursuant to the Loan Documents as valid security interests in the Collateral subject only to such Encumbrances as may be consented to by the Bank in its sole discretion; and 5.3.3 Diligently and timely defend the Collateral and the Bank's rights therein against any and all Encumbrances (other than such Encumbrances).