Lien Notices. The Company will defend its interest in the Collateral against all claims and demands of all persons at any time claiming the same or any interest therein and the Company will not permit any Lien Notices with respect to the Collateral or any portion thereof to exist or be on file in any public office for more than 30 days after the Company shall have notice thereof, except with respect to Permitted Liens. The Company will advise the Collateral Agent and the Trustees promptly, in reasonable detail, at the addresses specified in Section 17(a) of this Security Agreement, of any Lien (other than Permitted Liens) on, or claim asserted against, any of the Collateral.
Appears in 2 contracts
Sources: Security Agreement (Nwe Capital Cyprus LTD), Security and Pledge Agreement (PLD Telekom Inc)