Representation, Warranties and Covenants Specific to 7-Year Notes Reserve Account. The Company represents, warrants and covenants that the Lien on the 7-Year Notes Reserve Account granted pursuant to Section 5.1 will be a valid, binding and enforceable Lien and security interest, securing the Company’s interest and principal obligations on each Interest Payment Date for the 7-Year Notes, ranking prior and superior to all other Liens thereon (other than Permitted Liens), and covenants that it shall take all necessary action to cause and maintain a perfected first-priority Lien (subject to Permitted Liens) in the 7-Year Notes Reserve Account, and to allow the Trustee to exercise its rights, remedies, power and privileges to or with respect to the 7-Year Notes Reserve Account. The Company represents and warrants that as of the date of the establishment of the 7-Year Notes Reserve Account, all filings and other actions necessary or desirable for the purpose of registering notice of, perfecting and establishing the first-priority of such Lien (subject to Permitted Liens) and security interest will have been duly made or taken. The Company agrees that at any time upon the reasonable request of the Trustee, the Company will, at the Company’s sole expense, execute, acknowledge, deliver, record and/or file such documents or instruments in form reasonably satisfactory to the Trustee, and do such acts and things as may be reasonably necessary, desirable or proper to carry out more effectively the purposes of such Lien and security interest or to further assure, evidence, preserve or protect the perfection, ranking or other benefits thereof.
