Common use of Liens on Collateral Clause in Contracts

Liens on Collateral. The Borrower will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Liens created hereby and the Permitted Liens, and will defend the right, title and interest of the Lender in and to any of the Collateral against the claims and demands of all Persons whomsoever.

Appears in 3 contracts

Samples: Security Agreement (Ariad Pharmaceuticals Inc), Security Agreement (Ariad Pharmaceuticals Inc), Security Agreement (Ariad Pharmaceuticals Inc)

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Liens on Collateral. The Borrower will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Liens created hereby and the other than Permitted Liens, and will defend the right, title and interest of the Lender Trustees and the Secured Parties in and to any of the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Borrower Security Agreement (Sprint Spectrum L P), Borrower Security Agreement (Sprint Spectrum Finance Corp)

Liens on Collateral. The Borrower will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Liens created hereby and other than as permitted pursuant to the Permitted LiensCredit Agreement, and will defend the right, title and interest of the Lender Agent and the Lenders in and to any of the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Warren S D Co /Pa/)

Liens on Collateral. The Borrower will defend the Collateral ------------------- against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Liens created hereby and the Permitted Liens, and will defend the right, title and interest of the Lender in and to any of the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Credit Agreement (Geerlings & Wade Inc)

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Liens on Collateral. The Such Borrower will defend the Collateral against, and will take such other commercially reasonable action as is necessary to remove, any Lien or claim on or to the Collateral, Collateral (other than the Liens created hereby and the Permitted Liens, ) and will use commercially reasonable efforts to defend the right, title and interest of the Lender in and to any of the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Pledge and Security Agreement (Thermoenergy Corp)

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