Common use of Maintenance of Security Clause in Contracts

Maintenance of Security. Borrower shall execute and deliver (or cause to be executed and delivered) to Agent all security agreements, financing statement filing authorizations, assignments and such other agreements, documents, instruments and certificates, and supplements and amendments thereto, and take such other actions, as Agent deems necessary or appropriate in order to maintain as valid, enforceable and perfected first priority lien and security interest, as applicable, all Liens and security interests in the Collateral granted to Agent as agent for Lenders to secure the Obligations. Except as permitted under Section 3.6, Borrower shall not grant extensions of time for the payment of, compromise for less than the full face value or release in whole or in part, any Purchaser or other Person liable for the payment of, or allow any credit whatsoever except for the amount of cash to be paid upon, any Collateral or any instrument, chattel paper or document representing the Collateral.

Maintenance of Security. Borrower shall execute and deliver (or cause to be executed and delivered) to Agent Lender all security agreements, financing statement filing authorizationsstatements, assignments and such other agreements, documents, instruments and certificates, and supplements and amendments thereto, and take such other actions, as Agent Lender deems necessary or appropriate in order to maintain as valid, enforceable and perfected first priority lien liens and security interest, as applicableinterests, all Liens and security interests in the Sub-Loan Collateral granted to Agent as agent for Lenders Lender to secure the Obligations. Except as permitted under Section 3.6with the prior written consent of Lender, Borrower shall not grant extensions of time for the payment of, compromise for less than the full face value or release in whole or in part, any Purchaser or other Person liable for the payment of, of or allow any credit whatsoever except for the amount of cash to be paid upon, any Sub-Loan Collateral or any instrument, chattel paper or document representing the Sub-Loan Collateral.