Maintenance of Security. The Borrowers shall take all action necessary or desirable in connection with the registration and perfection of the security constituted by the Security Documents and maintain the same with valid first priority throughout the Facility Period.
Appears in 2 contracts
Sources: Secured Loan Agreement (Baltic Trading LTD), Secured Loan Agreement (Baltic Trading LTD)
Maintenance of Security. The Borrowers Borrower shall take all action necessary or desirable in connection with the registration and perfection of the security constituted by the Security Documents and maintain the same with valid first priority throughout the Facility Period.
Appears in 2 contracts
Sources: Secured Loan Agreement (Baltic Trading LTD), Secured Loan Agreement (Baltic Trading LTD)
Maintenance of Security. The Borrowers Borrower shall take all action necessary or desirable in connection with and about the registration and perfection of the security constituted by the Security Documents and maintain the same with valid first priority throughout the Facility Period.
Appears in 2 contracts
Sources: Secured Loan Agreement (DHT Holdings, Inc.), Secured Loan Agreement (DHT Holdings, Inc.)