Common use of Defense of Pledged Collateral Clause in Contracts

Defense of Pledged Collateral. At its own cost and expense, take any and all actions necessary to defend title to the Pledged Collateral against all Persons and to defend the security interest of Pledgee in the Pledged Collateral and the priority thereof against any Lien.

Appears in 2 contracts

Samples: Security Agreement (Planar Systems Inc), Pledge Agreement (Usana Health Sciences Inc)

AutoNDA by SimpleDocs

Defense of Pledged Collateral. At its own cost and expense, take any and all actions necessary to defend title to the Pledged Collateral against all Persons and to defend the security interest of Pledgee the Administrative Agent in the Pledged Collateral and the priority thereof against any Lien.

Appears in 2 contracts

Samples: Security Agreement (Flow International Corp), Credit Agreement (Flow International Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.