Common use of Maintaining Security Clause in Contracts

Maintaining Security. Yamana shall do all such further acts and things as Northern Orion may from time to time reasonably require to maintain and preserve the security interest in the Collateral created by the Security Agreement as a valid first perfected security interest therein, subject only to Permitted Liens and prior to the payment therefor, the rights of withdrawal arising under Section 95 of the Securities Act (Ontario) in respect of any Pledged Shares taken up by Yamana pursuant to the Meridian Offer;

Appears in 2 contracts

Sources: Loan Agreement (Yamana Gold Inc), Loan Agreement (Northern Orion Resources Inc)