Common use of Protect Collateral; Further Assurances, etc Clause in Contracts

Protect Collateral; Further Assurances, etc. The Borrower will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Closed-End Collateral Agent under this Security Agreement). The Borrower will warrant and defend the right and title herein granted to the Closed-End Collateral Agent in and to the Collateral (and all right, title, and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. The Borrower agrees that at any time, and from time to time, at the expense of the Borrower, the Borrower will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Closed-End Collateral Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Closed-End Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral.

Appears in 4 contracts

Samples: Pledge and Security Agreement (World Omni LT), Pledge and Security Agreement (World Omni LT), Pledge and Security Agreement (World Omni LT)

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Protect Collateral; Further Assurances, etc. The Borrower will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Closed-End Collateral Agent under this Security Agreement)hereunder and as otherwise expressly permitted by the Credit Agreements. The Borrower will warrant and defend the right and title herein granted to unto the Closed-End Collateral Agent in and to the Collateral (and all right, title, and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. The Borrower agrees that at any time, and from time to time, at the expense of the Borrower, the Borrower will promptly execute and deliver all further instruments, and take all further action, that may be necessary or desirable, or that the Closed-End Collateral Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Closed-End Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral.

Appears in 2 contracts

Samples: Pledge Agreement (Calpine Corp), First Amendment Pledge Agreement (Calpine Corp)

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Protect Collateral; Further Assurances, etc. The Borrower will not sell, assign, transfer, pledge, or encumber in any other manner the Collateral (except in favor of the Closed-End Collateral Administrative Agent hereunder or as permitted under this Security the Credit Agreement). The Borrower will warrant and defend the right and title herein granted to unto the Closed-End Collateral Administrative Agent in and to the Collateral (and all right, title, and interest represented by the Collateral) against the claims and demands of all Persons whomsoever. The Borrower agrees that at any time, and from time to time, at the expense of the Borrower, the Borrower will promptly execute and deliver all further instrumentsInstruments, and take all further action, that may be necessary or desirable, or that the Closed-End Collateral Administrative Agent may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby or to enable the Closed-End Collateral Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral.

Appears in 2 contracts

Samples: Pledge Agreement (Amc Entertainment Inc), Credit Agreement (Amc Entertainment Inc)

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