Common use of Securing Liens Clause in Contracts

Securing Liens. The Borrower shall at any and all times, so far as it may be authorized by law, pass, make, do, execute, acknowledge and deliver, all and every such further resolutions, acts, deeds, conveyances, assignments, transfers and assurances as may be necessary or desirable for the better assuring, conveying, granting, assigning, securing and confirming the Liens in and to the Collateral (whether now existing or hereafter arising) granted to the Collateral Agent for the benefit of the TIFIA Lender pursuant to the Security Documents, or intended so to be granted pursuant to the Security Documents, or which the Borrower may become bound to grant, and the Collateral is and will be free and clear of any pledge, Lien, charge or encumbrance thereon or with respect thereto that has priority over, or equal rank with, the Liens created by the Security Documents, other than as permitted by such documents or by this Agreement, and all corporate action on the part of the Borrower to that end shall be duly and validly taken at such times. The Borrower shall at all times, to the extent permitted by law, defend, preserve and protect the Liens on the Collateral granted pursuant to the Security Documents and all the rights of the Collateral Agent for the benefit of the TIFIA Lender under the Security Documents against all claims and demands of all Persons whomsoever, subject to Permitted Liens.

Securing Liens. The Borrower shall at any and all times, so far as it may be authorized by law, pass, make, do, execute, acknowledge and deliver, all and every such further resolutions, acts, deeds, conveyances, assignments, transfers and assurances as may be necessary or desirable for the better assuring, conveying, granting, assigning, securing and confirming the Liens in and to the Collateral Trust Estate (whether now existing or hereafter arising) granted to the Collateral Agent Trustee for the benefit of the TIFIA Lender ▇▇▇▇▇ ▇▇▇▇▇▇, pursuant to the Security DocumentsMaster Trust Indenture, or intended so to be granted pursuant to the Security DocumentsMaster Trust Indenture, or which the Borrower may become bound to grant, grant and the Collateral Trust Estate is and will be free and clear of any pledge, Lien, charge or encumbrance thereon or with respect thereto that has priority overprior to, or of equal rank with, with the Liens created by the Security DocumentsMaster Trust Indenture, other than as permitted by such documents or by this Agreement, and all corporate action on the part of the Borrower to that end shall be duly and validly taken at such times. The Borrower shall at all times, to the extent permitted by law, defend, preserve and protect the Liens on the Collateral Trust Estate granted pursuant to the Security Documents Master Trust Indenture and all the rights of the Collateral Agent Trustee for the benefit of the TIFIA Lender ▇▇▇▇▇ ▇▇▇▇▇▇ under the Security Documents Master Trust Indenture against all claims and demands of all Persons whomsoever, subject to Permitted Liens.