Common use of Collateral Preservation Clause in Contracts

Collateral Preservation. Each of the Borrowers shall take all such further actions as the Administrative Agent may from time to time reasonably request to preserve, protect, perfect and ensure the priority of the Collateral, subject to Permitted Liens entitled to priority under applicable law.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Nationsrent Inc), Revolving Credit Agreement (Nationsrent Inc)

Collateral Preservation. Each of the The Borrowers shall take all such further actions as the Administrative Agent may from time to time reasonably request to preserve, protect, perfect and ensure the priority of the Collateral, subject to Permitted Liens entitled to priority under applicable law.

Appears in 1 contract

Sources: Revolving Credit Agreement (Presstek Inc /De/)