Common use of Preservation of Liens Clause in Contracts

Preservation of Liens. Other than as permitted hereunder, each Loan Party covenants that such Loan Party shall maintain and preserve the Lien and security interest created under each Mortgage to which such Loan Party is a party as an Acceptable Security Interest.

Appears in 2 contracts

Samples: Credit Agreement (Penn Virginia Corp), Credit Agreement (Penn Virginia Corp)

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Preservation of Liens. Other than as permitted hereunder, each Loan Party covenants of Holdings and the Borrower covenants, and cause each of their respective Restricted Subsidiaries to covenant that such each Loan Party shall maintain and preserve the Lien and security interest created under each Mortgage to which such Loan Party is a party as an Acceptable Security Interest.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

Preservation of Liens. Other than as permitted hereunder, Holdings and each Loan Party covenants that such such, and shall cause each of its Subsidiaries to covenant, that each Loan Party shall maintain and preserve the Lien and security interest created under each Mortgage to which such Loan Party is a party as an Acceptable Security Interest.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

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Preservation of Liens. Other than as permitted hereunder, each Loan Party covenants of Holdings and the Borrower covenants, and cause each of its Restricted Subsidiaries to covenant that such each Loan Party shall maintain and preserve the Lien and security interest created under each Mortgage to which such Loan Party is a party as an Acceptable Security Interest.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

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