Common use of Preservation of Security Interest Clause in Contracts

Preservation of Security Interest. The Issuer shall execute and file such continuation statements and any other documents which may be required by law or which the Trustee deems appropriate to fully preserve and protect the interest of the Trustee (for the benefit of the Noteholders) in the Trust Estate.

Appears in 4 contracts

Samples: Indenture (Trendwest Resorts Inc), Indenture (Trendwest Resorts Inc), Indenture (Trendwest Resorts Inc)

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Preservation of Security Interest. The Issuer shall execute and file such continuation statements and any other documents which may be required by law or which the Trustee deems appropriate to fully preserve and protect the interest of the Indenture Trustee (for the benefit of the NoteholdersNoteholders and the Note Insurer) in the Trust Estate; provided, that the Issuer shall not be required to file financing statements or any related agreements or documentation with respect to any Equipment the original cost of which was not in excess of $10,000.

Appears in 2 contracts

Samples: Indenture (Microfinancial Inc), Indenture (Microfinancial Inc)

Preservation of Security Interest. The Issuer shall execute and file such continuation statements and any other documents which may be required by law or which the Trustee deems appropriate to fully preserve and protect the interest of the Trustee (for the benefit of the Noteholders) in the Series Trust EstateEstate supporting each such Series of Notes.

Appears in 1 contract

Samples: Indenture (Trendwest Resorts Inc)

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Preservation of Security Interest. The Issuer shall execute and file such continuation statements and any other documents which may be required by law or which the Trustee deems appropriate to fully preserve and protect the first priority perfected security interest of the Trustee (for the benefit of the NoteholdersNoteholders and the Note Insurer) in the Trust EstateCollateral.

Appears in 1 contract

Samples: Indenture (Financial Pacific Co)

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