Common use of Securing Liens Clause in Contracts

Securing Liens. The Borrower shall at any and all times, to the extent permitted 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 in connection with assuring, conveying, granting, assigning, securing and confirming the Liens on the Authority Revenues (whether now existing or hereafter arising) and the Borrower’s rights with respect to the WIFIA Debt Service Account granted to the WIFIA Lender for its benefit pursuant to the WIFIA Loan Documents to which the Borrower is a party, or intended so to be granted pursuant to the WIFIA Loan Documents to which the Borrower is a party, or which the Borrower may become bound to grant, and the Borrower shall at all times maintain the Authority Revenues and its rights with respect to the WIFIA Debt Service Account free and clear of any pledge, Lien, charge or encumbrance thereon or with respect thereto other than the Liens with respect to the WIFIA Loans, and all organizational, regulatory or other necessary action on the part of the Borrower to that end shall be duly and validly taken at all times. The Borrower shall at all times, to the extent permitted by law, defend, preserve and protect the Liens on the Authority Revenues granted pursuant to the WIFIA Loan Documents and for the benefit of the WIFIA Lender under the WIFIA Loan Documents against all claims and demands of all Persons whomsoever.

Securing Liens. The Borrower shall at any and all times, to the extent permitted 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 in connection with assuring, conveying, granting, assigning, securing and confirming the Liens on the Authority Revenues Pledged Collateral (whether now existing or hereafter arising) and the Borrower’s rights with respect to the WIFIA Debt Service Account granted to the Trustee for the benefit of the holders of all Parity Obligations (including the WIFIA Lender for its benefit Lender) pursuant to the Subordinate Trust Agreement and the WIFIA Loan Documents to which the Borrower is a partySeries Agreement, or intended so to be granted pursuant to the Subordinate Trust Agreement and the WIFIA Loan Documents to which the Borrower is a partySeries Agreement, or which the Borrower may become bound to grant, and the Borrower shall at all times times, to the extent permitted by law, maintain the Authority Revenues and its rights with respect to the WIFIA Debt Service Account Pledged Collateral 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 Subordinate Trust Agreement and the WIFIA Series Agreement, other than as permitted by the Liens with respect to the WIFIA LoansTrust Documents and this Agreement, and duly take all organizational, regulatory or other necessary action on the part of the Borrower to that end shall be duly and validly taken at all timesend. The Borrower shall at all times, to the extent permitted by law, defend, preserve and protect the Liens on the Authority Revenues Pledged Collateral granted pursuant to the Subordinate Trust Agreement and the WIFIA Loan Documents and Series Agreement for the benefit of the WIFIA Lender under the WIFIA Loan Documents ▇▇▇▇▇ ▇▇▇▇▇▇ against all claims and demands of all Persons whomsoever, subject to Permitted Liens.