Common use of Maintenance of Security Interest Clause in Contracts

Maintenance of Security Interest. The Pledgor shall maintain the security interest created by this Agreement in the Pledged Stock as a security interest having at least the perfection and priority described in subsection 4.1.4, and shall defend such security interest against the claims and demands of all Persons whomsoever. At any time and from time to time, upon the written request of the Collateral Agent and at the sole expense of the Pledgor, the Pledgor will promptly and duly execute and deliver such further instruments and documents and take such further actions as the Collateral Agent may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted by the Pledgor.

Appears in 5 contracts

Samples: Holding Pledge Agreement (Hd Supply, Inc.), Holding Pledge Agreement (Hd Supply, Inc.), Credit Agreement (Hd Supply, Inc.)

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Maintenance of Security Interest. The Such Pledgor shall maintain the security interest created by this Agreement in the such Pledgor’s Pledged Stock Collateral as a perfected security interest having at least the perfection and priority described in subsection 4.1.44.3.4 or 4.3.5, as applicable, and shall defend such security interest against the claims and demands of all Persons whomsoever. At any time and from time to time, upon the written request of the Collateral Agent and at the sole expense of the such Pledgor, the such Pledgor will promptly and duly execute and deliver such further instruments and documents and take such further actions as the Collateral Agent may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted by the such Pledgor.

Appears in 4 contracts

Samples: Guarantee and Collateral Agreement (Hertz Corp), Guarantee and Collateral Agreement (New Sally Holdings, Inc.), Guarantee and Collateral Agreement (Hertz Corp)

Maintenance of Security Interest. The Such Pledgor shall maintain the security interest created by this Agreement in the such Pledgor’s Pledged Stock Collateral as a security interest having at least the perfection and priority described in subsection 4.1.4Section 4.3.4 or 4.3.5 of this Agreement, as applicable, and shall defend such security interest against the claims and demands of all Persons whomsoever. At any time and from time to time, upon the written request of the Collateral Agent and at the sole expense of the such Pledgor, the such Pledgor will promptly and duly execute and deliver such further instruments and documents and take such further actions as the Collateral Agent may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted by the such Pledgor.

Appears in 2 contracts

Samples: Credit Agreement (Nci Building Systems Inc), Guarantee and Collateral Agreement (Nci Building Systems Inc)

Maintenance of Security Interest. The Such Pledgor shall maintain the security interest created by this Agreement in the such Pledgor’s Pledged Stock Collateral as a security interest having at least the perfection and priority described in subsection 4.1.44.3.4 or 4.3.5, as applicable, and shall defend such security interest against the claims and demands of all Persons whomsoever. At any time and from time to time, upon the written request of the Collateral Agent and at the sole expense of the such Pledgor, the such Pledgor will promptly and duly execute and deliver such further instruments and documents and take such further actions as the Collateral Agent may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted by the such Pledgor.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Servicemaster Co), Guarantee and Collateral Agreement (HSI IP, Inc.)

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Maintenance of Security Interest. The Pledgor shall maintain the security interest created by this Agreement in the Pledged Stock as a security interest having at least the perfection and priority described in subsection 4.1.4, and shall defend such security interest against the claims and demands of all Persons whomsoever. At any time and from time to time, upon the written request of the Collateral Agent and at the sole expense of the Pledgor, the Pledgor will promptly and duly execute and deliver such further instruments and documents and take such further actions as the Collateral Agent may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted by the Pledgor.. REMEDIAL PROVISIONS

Appears in 1 contract

Samples: Holding Pledge Agreement (HSI IP, Inc.)

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