Common use of Preservation and Protection of Security Interests Clause in Contracts

Preservation and Protection of Security Interests. The Debtor shall faithfully preserve and protect the Lender’s security interest in its Collateral and shall, at its own cost and expense, cause such security interest to be perfected and continued perfected so long as the Secured Obligations or any portion thereof is outstanding and unpaid, and for such purpose the Debtor shall from time to time at the request of the Lender file or record, or cause to be filed or recorded, such instruments, documents and notices, including without limitation, financing statements and continuation statements, as the Lender may deem necessary or advisable from time to time in order to perfect and continue perfected said security interests. The Debtor shall do all such other acts and things and shall execute and deliver all such other instruments and documents, including without limitation further security agreements, pledges, endorsements, assignments and notices, as the Lender may deem reasonably necessary or advisable from time to time in order to perfect and preserve the priority of said security interest as a perfected first lien security interest in the Collateral prior to the rights of any other secured party or lien creditor except as otherwise permitted herein or in the Loan Agreement. The Lender, and its officers, employees and authorized agents, or any of them, are hereby irrevocably appointed the attorneys-in-fact of the Debtor to execute financing statements or continuation statements without the Debtor’s signature appearing thereon.

Preservation and Protection of Security Interests. The Debtor shall faithfully preserve and protect the Lender’s Secured Party's security interest in its the Collateral and shall, at its own cost and expense, cause such security interest to be perfected and continued continue perfected so long as the Secured Obligations or any portion thereof is are outstanding and unpaid, and for such purpose the Debtor shall from time to time at the request of the Lender Secured Party file or record, or cause to be filed or recorded, such instruments, documents and notices, including without limitation, limitation financing statements and continuation statements, as the Lender Secured Party may deem necessary or advisable from time to time in order to preserve, perfect and continue perfected said security interestsinterest prior to the rights of any secured party or lien creditor. The Debtor shall do all such other acts and things and shall execute and deliver all such other instruments and documents, including without limitation further security agreements, pledges, endorsements, assignments and notices, as the Lender Secured Party may deem reasonably necessary or advisable from time to time in order to perfect and preserve the priority of said security interest as a perfected first lien security interest in the Collateral prior to the rights of any other secured party or lien creditor except as otherwise permitted herein or in the Loan Agreementcreditor. The LenderSecured Party, and its officers, employees and authorized agents, or any of them, are hereby irrevocably appointed the attorneys-in-fact of the Debtor to execute financing do all acts and things which Secured Party may deem necessary or advisable to preserve, perfect and continue perfected Secured Party's security interest in the Collateral, including without limitation the signing of financing, continuation or other similar statements or continuation statements without the and notices on behalf of Debtor’s signature appearing thereon.

Preservation and Protection of Security Interests. The Debtor Guarantor shall faithfully preserve and protect the Lender’s security interest in its Collateral and shall, at its own cost and expense, cause such security interest to be perfected and continued perfected so long as the Secured Obligations or any portion thereof is outstanding and unpaid, and for such purpose the Debtor Guarantor shall from time to time at the request of the Lender file or record, or cause to be filed or recorded, such instruments, documents and notices, including without limitation, financing statements and continuation statements, as the Lender may deem necessary or advisable from time to time in order to perfect and continue perfected said security interests. The Debtor Guarantor shall do all such other acts and things and shall execute and deliver all such other instruments and documents, including without limitation further security agreements, pledges, endorsements, assignments and notices, as the Lender may deem reasonably necessary or advisable from time to time in order to perfect and preserve the priority of said security interest as a perfected first lien security interest in the Collateral prior to the rights of any other secured party or lien creditor except as otherwise permitted herein or in the Loan Agreement. The Lender, and its officers, employees and authorized agents, or any of them, are hereby irrevocably appointed the attorneys-in-fact of the Debtor Guarantor to execute financing statements or continuation statements without the DebtorGuarantor’s signature appearing thereon.

Preservation and Protection of Security Interests. The Debtor shall members of the Obligated Group will faithfully preserve and protect the Lender’s Ocwen's security interest in its respective Collateral and shallwill, at its their own cost and expense, cause such security interest to be perfected and continued perfected so long as the Secured Obligations or any portion thereof is are outstanding and unpaid, and for such purpose the Debtor shall members of the Obligated Group will from time to time at the request of the Lender Ocwen file or record, or cause to be filed or recorded, such instruments, documents and notices, including without limitation, financing statements and continuation statements, as the Lender Ocwen may deem necessary or advisable from time to time in order to perfect and continue perfected said security interests. The Debtor shall members of the Obligated Group will do all such other acts and things and shall will execute and deliver all such other instruments and documents, including without limitation further security agreements, pledges, endorsements, assignments and assignments, agreements, notices, or otherwise as the Lender Ocwen may deem reasonably necessary or advisable from time to time in order to perfect and preserve the priority of said security interest as a perfected first lien security interest in the Collateral prior to the rights of any other secured party or lien creditor except as otherwise permitted herein or in the Loan Agreementherein. The LenderOcwen, and its officers, employees and authorized agents, or any of them, are hereby irrevocably appointed the attorneys-in-fact of the Debtor members of the Obligated Group to execute financing do all acts and things which Ocwen may deem necessary or advisable to preserve, perfect and continue perfected Ocwen's security interest in the Collateral, including without limitation the signing of financing, continuation or other similar statements or continuation statements without and notices on behalf of the Debtor’s signature appearing thereonmembers of the Obligated Group.

Preservation and Protection of Security Interests. Even though ------------------------------------------------- the transactions evidenced by the Receivables Agreement are intended to be sales of Accounts to ADS in the Receivables Agreement, Brylane has granted to ADS a security interest in the Accounts to ADS in order to protect ADS if the transaction is ever deemed to be a financing rather than a sale. The Debtor Servicing Agent shall faithfully preserve and protect the Lender’s ADS' security interest in its Collateral the Accounts and shall, at its own cost and expense, cause such security interest to be perfected and continued continue perfected so long as the Secured Obligations or any portion thereof is are outstanding and unpaidunpaid and the Commitment under the Receivables Agreement is in effect, and for such purpose the Debtor Servicing Agent shall from time to time at the request of the Lender ADS file or record, or cause to be filed or recorded, such instruments, documents and notices, including without limitation, limitation financing statements and continuation statements, as the Lender ADS may deem necessary or advisable from time to time in order to preserve, perfect and continue perfected said security interestsinterest prior to the rights of any secured party or lien creditor. The Debtor Servicing Agent shall do all such other acts and things and shall execute and deliver all such other instruments and documents, including without limitation further security agreements, pledges, endorsements, assignments and notices, as the Lender ADS may deem reasonably necessary or advisable from time to time in order to perfect and preserve the priority of said security interest as a perfected first lien security interest in the Collateral Accounts prior to the rights of any other secured party or lien creditor except as otherwise permitted herein or in the Loan Agreement. The Lender, and its officers, employees and authorized agents, or any of them, are hereby irrevocably appointed the attorneys-in-fact of the Debtor to execute financing statements or continuation statements without the Debtor’s signature appearing thereoncreditor.

Preservation and Protection of Security Interests. The Debtor Company shall faithfully preserve and protect the Lender’s 's security interest in its Collateral and shall, at its own cost and expense, cause such security interest to be perfected and continued perfected so long as the Secured Obligations or any portion thereof is outstanding and unpaid, and for such purpose the Debtor Company shall from time to time at the request of the Lender file or record, or cause to be filed or recorded, such instruments, documents and notices, including without limitation, financing statements and continuation statements, as the Lender may deem necessary or advisable from time to time in order to perfect and continue perfected said security interests. The Debtor Company shall do all such other acts and things and shall execute and deliver all such other instruments and documents, including without limitation further security agreements, pledges, endorsements, assignments and notices, as the Lender may deem reasonably necessary or advisable from time to time in order to perfect and preserve the priority of said security interest as a perfected first lien security interest in the Collateral prior to the rights of any other secured party or lien creditor except as otherwise permitted herein or in the Loan Agreementherein. The Lender, and its officers, employees and authorized agents, or any of them, are hereby irrevocably appointed the attorneys-in-fact of the Debtor Company to execute financing do all acts and things which the Lender may deem necessary or advisable to preserve, perfect and continue perfected the Lender's security interest in the Collateral upon the occurrence of an Event of Default or upon Company's refusal to do any such act or thing, including without limitation the signing of financing, continuation or other similar statements or continuation statements without and notices on behalf of the Debtor’s signature appearing thereonCompany and to exercise of any of the rights, remedies, powers, privileges and claims of the Company under the assigned contracts.

Preservation and Protection of Security Interests. The Debtor shall Borrower will faithfully preserve and protect the Lender’s Lenders' security interest in its respective Collateral and shallwill, at its own cost and expense, cause such security interest to be perfected and continued perfected so long as the Secured Obligations or any portion thereof is are outstanding and unpaid, and for such purpose the Debtor shall Borrower will from time to time at the request of the Lender Lenders file or record, or cause to be filed or recorded, such instruments, documents and notices, including without limitation, financing statements and continuation statements, as the Lender Lenders may deem necessary or advisable from time to time in order to perfect and continue perfected said security interests. The Debtor shall Borrower will do all such other acts and things and shall will execute and deliver all such other instruments and documents, including without limitation further security agreements, pledges, endorsements, assignments and notices, as the Lender Lenders may deem reasonably necessary or advisable from time to time in order to perfect and preserve the priority of said security interest as a perfected first lien security interest in the Collateral prior to the rights of any other secured party or lien creditor except as otherwise permitted herein or in the Loan Agreementherein. The LenderLenders, and its their respective officers, employees and authorized agents, or any of them, are hereby irrevocably appointed the attorneys-in-fact of the Debtor Borrower to execute financing do all acts and things which the Lenders may deem necessary or advisable to preserve, perfect and continue perfected the Lenders' security interest in the Collateral, including without limitation the signing of financing, continuation or other similar statements or continuation statements without and notices on behalf of the Debtor’s signature appearing thereonBorrower.