Common use of Preservation of Security Clause in Contracts

Preservation of Security. (a) The Issuer shall execute and cause to be executed by the other Obligors, the Security Documents and validly create and perfect, and cause to be created and perfected by the other Obligors, the Security in favour of the Debenture Trustee for the benefit of the Debenture Holders in accordance with and within the timelines mentioned in Section 4. (b) The Issuer shall take, and cause to be taken by the other Obligors, all actions required to maintain and preserve the Security Interest under the Security Documents including the priority and pari passu nature thereof in accordance with Section 4. The Issuer shall from time to time execute, or cause to be executed by the other Obligors, any and all further instruments and register and record such instruments in all public and other offices in order to create, perfect, preserve and maintain valid, perfected and enforceable Security Interest of the ranking and priority mentioned in Section 4 over the properties secured and/or to be secured in favour of or for the benefit of the Debenture Holders and the Debenture Trustee pursuant to the Security Documents.