Maintenance of Securities. In addition to, and not in lieu of, the obligation of the Issuer to honor instructions as agreed in Section 2 hereof, the Issuer agrees as follows:
Maintenance of Securities. It is hereby undertaken by the Borrower that the Security Documents shall both at the date of execution and delivery thereof and so long as any moneys are owing and/or due under this Agreement or under the other Security Documents be valid and binding obligations of the respective Security Parties thereto and rights of the Bank enforceable in accordance with their respective terms and that they will, at the expense of the Borrower, execute, sign, perfect and do any and every such further assurance, document, act, omission or thing as in the opinion of the Bank may be necessary or desirable for perfecting the security contemplated or constituted by the Security Documents.
Maintenance of Securities. AND CASH AT BANK AND SUBCUSTODIAN LOCATIONS. Unless Instructions specifically require another location acceptable to Bank:
Maintenance of Securities. It is hereby undertaken by the Borrower that the Finance Documents shall both at the date of execution and delivery thereof and so long as any moneys are owing and/or due under this Agreement and/or under the other Finance Documents be valid and binding obligations of the respective Security Parties thereto and rights of the Lender enforceable in accordance with their respective terms and that they will, at the expense of the Borrower, execute, sign, perfect and do any and every such further assurance, document, act, omission or thing as in the opinion of the Lender may be necessary or desirable for perfecting the security contemplated or constituted by the Finance Documents.
Maintenance of Securities. Securities in the Custody Account shall be held in the country or other jurisdiction as shall be specified from time to time in Instructions (as defined in Section 9 hereof), provided that such country or other jurisdiction shall be one in which the principal trading market for such Securities is located or the country or other jurisdiction in which such Securities are to be presented for payment or are acquired for the Custody Account and cash in the Deposit Account shall be credited to an account in such amounts and in the country or other jurisdiction as shall be specified from time to time in Instructions, provided that such country or other jurisdiction shall be one in which such cash is the legal currency for the payment of public or private debts.
Maintenance of Securities. It is hereby undertaken by the Borrower that the Security Documents shall both at the date of execution and delivery thereof and so long as any moneys are owing and/or due under this Agreement or under the other Security Documents be valid and binding obligations of the respective Security Parties thereto and rights of the Bank enforceable in accordance with their respective terms and that they will (unless otherwise provided in this Agreement), at the expense of the Borrower, execute, sign, perfect and do any and every such further assurance, document, act, omission or thing as in the opinion of the Bank (as supported by any appropriate legal opinions) may be necessary or desirable for perfecting the security contemplated or constituted by the Security Documents.
Maintenance of Securities. 2 Section 32. Representations, Warranties and Covenants of the Issuer.......... 3
Maintenance of Securities. The Issuer agrees as follows:
Maintenance of Securities. (a) At all times during the term of the Loan, Borrower shall maintain Securities with a Market Value (as defined in the Repurchase Agreement) of at least at least $64,500,000.00 in an account maintained by Lehmxx xxxsuant to the Repurchase Agreement. On the date hereof, Borrower shall sell and deliver to Lehmxx X.X. Treasury issues (primary issue) ("U.S. Treasuries") with a maturity of 3 months, or such other U.S. Government obligations satisfactory to Borrower and Lender with a maturity of less than 3 months, in either case with a Market Value of at least $64,500,000.00, and enter into a Repurchase Agreement with Lehmxx xxxch provides for a Repurchase Date on the date of such Securities' maturity. Unless the Loan has been repaid in full as of each such Repurchase Date, Borrower shall on each such Repurchase Date (i) repurchase the Securities pursuant to the Repurchase Agreement, (ii) sell and deliver to Lehmxx
Maintenance of Securities. AND CASH AT THE BANK AND SUBCUSTODIAN LOCATIONS. Pursuant to Instructions (as hereinafter defined in Section 15), Forum shall direct the Bank to (a) settle Securities transactions and maintain Cash in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for payment or where such Securities are acquired and (b) maintain Cash and cash equivalents in such countries in amounts reasonably necessary to effect Forum's transactions in such Securities. Instructions to settle Securities transactions in any country shall be deemed to authorize the holding of such Securities and Cash in that country.
