Common use of Preservation of Collateral: Collateral Value Clause in Contracts

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.

Appears in 4 contracts

Samples: Master Repurchase Agreement (Novastar Financial Inc), Master Repurchase Agreement (Novastar Financial Inc), Master Repurchase Agreement (Novastar Financial Inc)

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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, each Seller and each Guarantor will comply with all laws, rules, regulations and other laws of any Governmental Authority necessary applicable to preserve Seller or a Guarantor relating to the Collateral so that it remains subject and cause the Collateral to a first priority perfected security interest hereundercomply with all applicable laws, rules, regulations and other laws of any such Governmental Authority. Neither any Seller nor any a Guarantor will allow any default for which any by Seller or any either 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.

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

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 Sellers and each Guarantor will comply with all laws, rules, regulations and other laws of any Governmental Authority necessary applicable to preserve Sellers or Guarantor relating to the Collateral so that it remains subject and cause the Collateral to a first priority perfected security interest hereundercomply with all applicable laws, rules, regulations and other laws of any such Governmental Authority. Neither any No Seller nor any or Guarantor will allow any default for which any Seller or any Guarantor it 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.

Appears in 2 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

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 Collateral, any Governing Agreement, this Agreement or any other Program Documents Document and each Seller and each Guarantor shall fully perform or cause to be performed when due all of its obligations under any Collateral or Collateral, this Agreement and the other Program Documents.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Preservation of Collateral: Collateral Value. Each Seller and each the 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 the 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 the Guarantor will allow any default for which any Seller or any the Guarantor is responsible to occur under any Collateral or any Program Documents and each Seller and each the Guarantor shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Preservation of Collateral: Collateral Value. Each Seller and each the 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 the Sellers and each the Guarantor will comply with all laws, rules, regulations and other laws of any Governmental Authority necessary applicable to preserve the Sellers or the Guarantor relating to the Collateral so that it remains subject and cause the Collateral to a first priority perfected security interest hereundercomply with all applicable laws, rules, regulations and other laws of any such Governmental Authority. Neither any Seller the Sellers nor any the Guarantor will allow any default for which any Seller or any Guarantor it is responsible to occur under any Collateral or any Program Documents and each Seller and each the Guarantor shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

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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.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Preservation of Collateral: Collateral Value. Each Seller and each the 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 the Sellers and each the Guarantor will comply in all material respects with all rules, regulations and other laws of any Governmental Authority necessary applicable to preserve the Collateral so that it remains subject Sellers or the Guarantor relating to a first priority perfected security interest hereunderthe Collateral. Neither any Seller the Sellers nor any the Guarantor will allow any material default for which any Seller the Sellers or any the Guarantor is responsible to occur under any Collateral or any Program Documents and each Seller the Sellers and each the Guarantor shall fully perform or cause to be performed in all material respects, when due due, all of its their obligations under any Collateral or the Program Documents.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

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 and cause the Collateral so that it remains subject to a first priority perfected security interest hereundercomply with all applicable rules, regulations and other laws. 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.

Appears in 1 contract

Samples: Repurchase Agreement (Novastar Financial Inc)

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