Common use of Recording and Maintenance of Liens Clause in Contracts

Recording and Maintenance of Liens. (a) The Borrower will, at its own expense, take all necessary action to maintain and preserve the liens and security interest of this Agreement, the Indenture, and any other relevant documents so long as any principal, premium, if any, or interest on the Bonds remains unpaid. (b) The Borrower will, forthwith after the execution and delivery of this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents and thereafter from time to time, cause this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents, including any amendments thereof and supplements thereto, and any financing statements in respect thereof to be filed, registered and recorded in such manner and in such places as may be required by law in order to publish notice of and fully to perfect and protect the lien and security interest therein granted to the Trustee to the rights, if any, of the Authority assigned under this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents, and from time to time will perform or cause to be performed any other act as provided by law and will execute or cause to be executed any and all continuation statements and further instruments necessary for such publication, perfection and protection. Except to the extent it is exempt therefrom, the Borrower will pay or cause to be paid all filing, registration and recording fees incident to such filing, registration and recording, and all expenses incident to the preparation, execution and acknowledgment of such instruments of further assurance, and all federal or state fees and other similar fees, duties, imposts, assessments and charges arising out of or in connection with the execution and delivery of this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents and such instruments of further assurance. (c) The Authority shall have no responsibility for the preparation, filing or recording of any instrument, document or financing statement or for the maintenance of any security interest intended to be perfected thereby. The Authority will execute such instruments provided to it by the Borrower as may be reasonably necessary in connection with such filing or recording.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Commonwealth Edison Co), Loan Agreement (Commonwealth Edison Co)

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Recording and Maintenance of Liens. (a) The Borrower will, at its own expense, take all necessary action to maintain and preserve the liens and security interest of this Agreement, the Indenture, and any other relevant documents so long as any principal, premium, if any, or interest on the Bonds remains unpaid. (b) The Borrower will, forthwith after the execution and delivery of this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents and thereafter from time to time, cause this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents, including any amendments thereof and supplements thereto, and any financing statements in respect thereof to be filed, registered and recorded in such manner and in such places as may be required by law in order to publish notice of and fully to perfect and protect the lien and security interest therein granted to the Trustee to the rights, if any, of the Authority assigned under this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents, and from time to time will perform or cause to be performed any other act as provided by law and will execute or cause to be executed any and all continuation statements and further instruments necessary for such publication, perfection and protection. Except to the extent it is exempt therefrom, the Borrower will pay or cause to be paid all filing, registration and recording fees incident to such filing, registration and recording, and all expenses incident to the preparation, execution and acknowledgment of such instruments of further assurance, and all federal or state fees and other similar fees, duties, imposts, assessments and charges arising out of or in connection with the execution and delivery of this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents and such instruments of further assurance. (c) The Authority shall have no responsibility for the preparation, filing or recording of any instrument, document or financing statement or for the maintenance of any security interest intended to be perfected thereby. The Authority will execute such instruments provided to it by the Borrower as may be reasonably necessary in connection with such filing or recording.recording.β€Œ

Appears in 1 contract

Samples: Loan Agreement

Recording and Maintenance of Liens. (a) The Borrower will, at its own expense, take all necessary action to maintain and preserve the liens granted by the Issuer on this Agreement and security interest of this Agreement, as set forth in the Indenture, and any other relevant documents Indenture so long as any principalprincipal installment of, redemption premium, if any, or interest on the Bonds remains unpaid. (b) The Borrower will, and is hereby authorized to, forthwith after the execution and delivery of this Agreement, Agreement and the Indenture, the Borrower Bonds, and any other relevant documents Indenture and thereafter from time to time, cause this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents, appropriate financing statements or continuation statements (including any amendments thereof and supplements thereto), and any financing statements in respect thereof to be filed, registered and recorded in such manner and in such places as may be required by law in order to publish notice of and fully to perfect and protect the lien and security interest therein granted to the Trustee to the rights, if any, rights of the Authority Issuer assigned under this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents, and from time to time will perform or cause to be performed any other act as provided by law and will execute or cause to be executed any and all continuation statements and further instruments necessary for such publication, perfection and protection. Except to the extent it is exempt therefrom, the Borrower will pay or cause to be paid all filing, registration and recording fees incident to such filing, registration and recording, and all expenses incident to the preparation, execution and acknowledgment of such instruments of further assurance, and all federal or state fees and other similar fees, duties, imposts, assessments and charges arising out of or in connection with the execution and delivery of this Agreement, Agreement and the Indenture, the Borrower Bonds, and any other relevant documents Indenture and such instruments of further assurance. (c) The Authority Issuer shall have no responsibility for the preparation, filing or recording of any instrument, document or financing statement or for the maintenance of any security interest intended to be perfected thereby. The Authority Issuer will execute such instruments provided to it by the Borrower as may be reasonably necessary in connection with such filing or recording.

Appears in 1 contract

Samples: Loan Agreement (Trex Co Inc)

Recording and Maintenance of Liens. (a) The Borrower will, at its own expense, take all necessary action to maintain and preserve the liens and security interest of this Agreement, Agreement and the Indenture, and any other relevant documents Indenture so long as any principalprincipal installment of, redemption premium, if any, or interest on the Bonds remains unpaid. (b) The Borrower will, forthwith after the execution and delivery of this Agreement, Agreement and the Indenture, the Borrower Bonds, and any other relevant documents Indenture and thereafter from time to time, cause this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents, appropriate financing statements or continuation statements (including any amendments thereof and supplements thereto), and any financing statements in respect thereof to be filed, registered and recorded in such manner and in such places as may be required by law in order to publish notice of and fully to perfect and protect (i) the lien and security interest thereof upon, and the title of the Borrower to, the Project and (ii) the lien and security interest therein granted to the Trustee to the rights, if any, rights of the Authority Issuer assigned under this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents, and from time to time will perform or cause to be performed any other act as provided by law and will execute or cause to be executed any and all continuation statements and further instruments necessary for such publication, perfection and protection. Except to the extent it is exempt therefrom, the Borrower will pay or cause to be paid all filing, registration and recording fees incident to such filing, registration and recording, and all expenses incident to the preparation, execution and acknowledgment of such instruments of further assurance, and all federal or state fees and other similar fees, duties, imposts, assessments and charges arising out of or in connection with the execution and delivery of this Agreement, Agreement and the Indenture, the Borrower Bonds, and any other relevant documents Indenture and such instruments of further assurance. (c) The Authority Issuer shall have no responsibility for the preparation, filing or recording of any instrument, document or financing statement or for the maintenance of any security interest intended to be perfected thereby. The Authority Issuer will execute such instruments provided to it by the Borrower as may be reasonably necessary in connection with such filing or recording.

Appears in 1 contract

Samples: Loan Agreement (M Wave Inc)

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Recording and Maintenance of Liens. (a) The Borrower will, at its own expense, take all necessary action to maintain and preserve the liens lien and security interest of this Agreement, the Indenture, and any other relevant documents Indenture so long as any principalprincipal of, premium, if any, or interest on the Bonds remains unpaid. (b) The Borrower will, forthwith after the execution and delivery of this Agreement, Agreement and the Indenture, the Borrower Bonds, and any other relevant documents Indenture and thereafter from time to time, cause this Agreement, Agreement and the Indenture, the Borrower Bonds, and any other relevant documents, including any amendments thereof and supplements thereto, and any financing statements in respect thereof to be filed, registered and recorded in such manner and in such places as may be required by law in order to publish notice of and fully to perfect and protect (i) the title of the Borrower to the Project, and (ii) the lien and security interest therein granted to the Trustee Trustee, to the rights, if any, of the Authority assigned under this Agreement, Agreement and the Indenture, the Borrower Bonds, and any other relevant documents, and from time to time will perform or cause to be performed any other act as provided by law and will execute or cause to be executed any and all continuation statements and further instruments necessary for such publication, perfection and protection. Except to the extent it is exempt therefrom, the Borrower will pay or cause to be paid all filing, registration and recording fees incident to such filing, registration and recording, and all expenses incident to the preparation, execution and acknowledgment of such instruments of further assurance, and all federal or state State fees and other similar fees, duties, imposts, assessments and charges arising out of or in connection with the execution and delivery of this Agreement, Agreement and the Indenture, the Borrower Bonds, and any other relevant documents Indenture and such instruments of further assurance. (c) The Neither the Authority nor the Trustee shall have no any responsibility for the preparation, filing or recording of any instrument, document or financing statement or for the maintenance of any security interest intended to be perfected thereby. The Authority and the Trustee will execute such instruments provided to it by the Borrower as may be reasonably necessary in connection with such filing or recording.

Appears in 1 contract

Samples: Loan Agreement (Navistar International Corp)

Recording and Maintenance of Liens. (a) The Borrower will, at its own expense, take all necessary action to maintain and preserve the liens and security interest of this Agreement, Agreement and the Indenture, and any other relevant documents Indenture so long as any principalprincipal installment of, premium, if any, or interest on the Bonds remains unpaid. (b) . The Borrower will, forthwith after the execution and delivery of this Agreement, the Notes and Indenture, the Borrower Bonds, and any other relevant documents and thereafter from time to time, cause this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents, Indenture (including any amendments thereof and supplements thereto), and any financing statements in respect thereof to be filed, registered and recorded in such manner and in such places as may be required by law in order to publish notice of and fully to perfect and protect the lien and security interest therein granted to the Trustee to the rights, if any, rights of the Authority Issuer assigned under this Agreement, the Indenture, the Borrower Bonds, and any other relevant documents, and from time to time will perform or cause to be performed any other act as provided by law and will execute or cause to be executed any and all continuation statements and further instruments necessary for such publication, perfection and protection. Except to the extent it is exempt therefrom, the Borrower will pay or cause to be paid all filing, registration and recording fees incident to such filing, registration and recording, and all expenses incident to the preparation, execution execution, filing and acknowledgment acknowledgement of such instruments of further assurance, and all federal or state fees and other similar fees, duties, imposts, assessments and charges arising out of or in connection with the execution and delivery of this Agreement, the Indenture, the Borrower Bonds, Notes and any other relevant documents Indenture and such instruments of further assurance. (c) . The Authority Issuer shall have no responsibility for the preparation, filing or recording of any instrument, document or financing statement or for the maintenance of any security interest intended to be perfected thereby. The Authority At the request of the Borrower, the Issuer will execute such instruments provided to it by the Borrower as may be reasonably necessary in connection with such filing or recording.

Appears in 1 contract

Samples: Loan Agreement (Steadfast Income REIT, Inc.)

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