Preservation of Collateral: Collateral Value Sample Clauses

Preservation of Collateral: Collateral Value. Each Seller and each Guarantor shall do all things necessary to preserve the Collateral so that it remains subject to a first priority perfected security interest hereunder. Without limiting the foregoing, each Seller and each Guarantor will comply with all rules, regulations and other laws of any Governmental Authority necessary to preserve the Collateral so that it remains subject to a first priority perfected security interest hereunder. Neither any Seller nor any Guarantor will allow any default for which any Seller or any Guarantor is responsible to occur under any Collateral or any Program Documents and each Seller and each Guarantor shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents.
AutoNDA by SimpleDocs
Preservation of Collateral: Collateral Value. Each of Seller and each Guarantor shall do all things necessary to preserve the Collateral so that it remains subject to a first priority perfected security interest hereunder. Without limiting the foregoing, Seller and each Guarantor will comply with all rules, regulations and other laws of any Governmental Authority and cause the Collateral to comply with all applicable rules, regulations and other laws. Neither Seller nor a Guarantor will allow any default by Seller or either Guarantor to occur under any Collateral or any Program Documents and Seller and each Guarantor shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents.
Preservation of Collateral: Collateral Value. Seller shall do all things necessary to preserve the Collateral so that it remains subject to a first priority perfected security interest hereunder. Without limiting the foregoing, Seller will comply with all rules, regulations and other laws of any Governmental Authority and cause the Collateral to comply with all applicable rules, regulations and other laws. Seller will not allow any default for which Seller is responsible to occur under any Collateral or any Program Documents and Seller shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents.
Preservation of Collateral: Collateral Value. Each Seller, each Guarantor and the REO Subsidiary shall do all things necessary to preserve the Collateral so that it remains subject to a first priority perfected security interest hereunder. Without limiting the foregoing, each Seller, each Guarantor and the REO Subsidiary will comply with all rules, regulations and other laws of any Governmental Authority necessary to preserve the Collateral so that it remains subject to a first priority perfected security interest hereunder. No Seller nor any Guarantor will allow any default for which any Seller or any Guarantor is responsible to occur under any Collateral or any Program Documents and each Seller and each Guarantor shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents.
Preservation of Collateral: Collateral Value. Seller shall, and shall cause the Xxxxxxx and Origen to, do all things necessary to preserve the Collateral so that it remains subject to a first priority perfected security interest hereunder. Seller will not allow (and will cause the Xxxxxxx and Origen to not allow) any default for which Seller, Origen or Xxxxxxx are responsible to occur under any Collateral or any Transaction Documents and Seller shall, and shall cause the Xxxxxxx and Origen to, fully, perform or cause to be performed when due all of its obligations under any Collateral or the Transaction Documents.
Preservation of Collateral: Collateral Value. Seller shall do all things necessary to preserve the Collateral so that it remains effective security hereunder. Without limiting the foregoing, Seller will comply with all rules, regulations and other laws of any governmental authority and cause the Collateral to comply with all applicable rules, regulations and other laws. Seller will not allow any default for which Seller are responsible to occur under any Collateral, and Seller shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents.
Preservation of Collateral: Collateral Value. (a) You shall do all things -------------------------------------------- necessary to preserve the Collateral so that it remains effective security hereunder. Without limiting the foregoing, you will, in your dealings with the Collateral, comply with all rules, regulations and other laws of any governmental authority and cause the Collateral to comply with all applicable rules, regulations and other laws. You will not allow any default for which you are responsible to occur under any Collateral, and you shall fully perform or cause to be performed when due all of your obligations under any Collateral. (b) To the extent that a deficiency in the Collateral Value (determined in accordance with Section 7.8) exists, you shall immediately cure any such deficiency by delivering cash, securities or other additional Collateral acceptable to Nikko.
AutoNDA by SimpleDocs
Preservation of Collateral: Collateral Value. Each of Seller and Originator shall do all things necessary to preserve the Collateral so that it remains subject to a first priority perfected security interest hereunder. Without limiting the foregoing, Seller and Originator will comply with all applicable laws, rules, regulations and other laws of any Governmental Authority applicable to Seller or Originator relating to the Collateral and cause the Collateral to comply with all applicable laws, rules, regulations and other laws of any such Governmental Authority. Neither Seller nor Originator will allow any default for which Seller or Originator is responsible to occur under any Collateral or any Program Documents and Seller and Originator shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents.
Preservation of Collateral: Collateral Value. Each of Sellers and the ECC Persons shall do all things necessary to preserve the Collateral so that it remains subject to a first priority perfected security interest hereunder. Without limiting the foregoing, Sellers and the ECC Persons will comply with all applicable laws, rules, regulations and other laws of any Governmental Authority applicable to any Seller or any ECC Person relating to the Collateral and cause the Collateral to comply with all applicable laws, rules, regulations and other laws of any such Governmental Authority. Neither any Seller nor any ECC Person will allow any default to occur for which such Seller or such ECC Person is responsible under any Collateral or any Program Documents and the Sellers and the ECC Persons shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents.
Preservation of Collateral: Collateral Value. To the extent within the Seller’s and Guarantor’s ability and control, Seller and Guarantor shall do all things necessary to preserve the Collateral so that it remains subject to a first priority perfected security interest hereunder. Without limiting the foregoing, each of Seller and Guarantor will comply with all applicable laws, rules, regulations and other laws of any Governmental Authority applicable to Seller or Guarantor relating to the Collateral and cause the Collateral to comply with all applicable laws, rules, regulations and other laws of any such Governmental Authority. Neither Seller nor Guarantor will allow any default for which Seller or Guarantor is responsible to occur under any Collateral or any Program Documents and Seller and Guarantor shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!