Common use of Other Covenants of Grantor Clause in Contracts

Other Covenants of Grantor. (i) Each of the Grantors agrees that any action or proceeding to enforce this Security Agreement may be taken by the Secured Party either in such Grantor’s name or in the Secured Party’s name, as the Secured Party may deem necessary. (ii) Each of the Grantors will, so long as any Secured Obligation shall be outstanding, warrant and defend its title to the Collateral and the interest of the Secured Party in the Collateral against any claim or demand of any Persons (other than Permitted Liens) which could reasonably be expected to materially and adversely affect any Grantor’s title to, or the Secured Party’s right or interest in, such Collateral.

Appears in 2 contracts

Samples: Credit Agreement (Mariner Energy Resources, Inc.), Credit Agreement (Mariner Energy Inc)

AutoNDA by SimpleDocs

Other Covenants of Grantor. (i) Each of the Grantors agrees that any action or proceeding to enforce this Security Agreement may be taken by the Secured Party either in such Grantor’s 's name or in the Secured Party’s 's name, as the Secured Party may deem necessary. (ii) Each of the Grantors will, so long as any Secured Obligation shall be outstanding, warrant and defend its title to the Collateral and the interest of the Secured Party in the Collateral against any claim or demand of any Persons (other than Permitted Liens) which could reasonably be expected to materially and adversely affect any Grantor’s 's title to, or the Secured Party’s 's right or interest in, such Collateral.

Appears in 2 contracts

Samples: Credit Agreement (Mariner Energy Resources, Inc.), Credit Agreement (Mariner Energy Inc)

Other Covenants of Grantor. Grantor agrees that (i) Each of the Grantors agrees that any action or proceeding to enforce this Security Agreement may be taken by the Secured Party either in such the Grantor’s name or in the Secured Party’s name, as the Secured Party may deem necessary. , and (ii) Each the Grantor will, until the indefeasible payment in full in cash of the Grantors will, so long as any Secured Obligation shall be outstandingObligations, warrant and defend its title to the Collateral and the interest of the Secured Party in the Collateral against any claim or demand of any Persons (other than Permitted Liens) which could reasonably be expected to materially and adversely affect any the Grantor’s title to, or the Secured Party’s right or interest in, such Collateral.

Appears in 1 contract

Samples: Security Agreement (Fuelcell Energy Inc)

AutoNDA by SimpleDocs

Other Covenants of Grantor. Each Grantor agrees that (i) Each of the Grantors agrees that any action or proceeding to enforce this Security Agreement may be taken by the Secured Party either in such Grantor’s name or in the Secured Party’s name, as the Secured Party may deem necessary. , and (ii) Each of the Grantors such Grantor will, so long as any Secured Obligation shall be outstandingSecurity Termination has not occurred, warrant and defend its title to the Collateral and the interest of the Secured Party in the Collateral against any claim or demand of any Persons (other than Permitted Liens) which could reasonably be expected to materially and adversely affect any such Grantor’s title to, or the Secured Party’s right or interest in, such Collateral.

Appears in 1 contract

Samples: Credit Agreement (Isramco Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.