Protection of Security. The Company will, and will cause each Subsidiary Guarantor to, do all things reasonably requested by the Required Holders or the Collateral Agent to protect and maintain the validity and enforceability of the Security Documents and the first-ranking priority thereof, as contemplated herein and in the Intercreditor Agreement, in relation to other Persons.
Appears in 6 contracts
Samples: Note Purchase Agreement (Obsidian Energy Ltd.), Note Purchase Agreement (Obsidian Energy Ltd.), Note Purchase Agreement (Obsidian Energy Ltd.)
Protection of Security. The Company will, and will cause each Subsidiary Guarantor to, do all things reasonably requested by the Required Holders or the Collateral Agent to protect and maintain the validity and enforceability of the Security Documents and the first-first- ranking priority thereof, as contemplated herein and in the Intercreditor Agreement, in relation to other Persons.
Appears in 5 contracts
Samples: First Amending Agreement (Penn West Petroleum Ltd.), Note Purchase Agreement (Penn West Petroleum Ltd.), Note Purchase Agreement (Penn West Petroleum Ltd.)
