Common use of Protection of Security Clause in Contracts

Protection of Security. Each Grantor shall, at its own cost and expense, take any and all actions reasonably necessary to defend the Security Interest of the Administrative Agent in the Collateral against any Lien (other than Permitted Encumbrances) and the priority thereof (except for Permitted Encumbrances having priority by operation of Applicable Law).

Appears in 3 contracts

Samples: Intercreditor Agreement (Toys R Us Inc), Intercreditor Agreement (Toys R Us Inc), Security Agreement (Toys R Us Inc)

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Protection of Security. Each Grantor shall, at its own cost and expense, take any and all actions reasonably necessary to defend the Security Interest of the Administrative Collateral Agent in the Collateral and the Xxxxxxxx Collateral against any Lien (other than Permitted EncumbrancesLiens) and the priority thereof (except for Permitted Encumbrances Liens having priority by operation of Applicable Law).

Appears in 2 contracts

Samples: License Agreement, License Agreement (Toys R Us Inc)

Protection of Security. Each Grantor shall, at its own cost and expense, take any and all actions reasonably necessary to defend the Security Interest of the Administrative Agent in the Collateral and the Xxxxxxxx Collateral against any Lien (other than Permitted EncumbrancesLiens) and the priority thereof (except for Permitted Encumbrances Liens having priority by operation of Applicable LawLaw and, with respect to the Collateral (other than Canadian Pledge Collateral) constituting ABL Collateral only, Liens securing the obligations of the Grantors with respect to the ABL Credit Agreement).

Appears in 2 contracts

Samples: Intercreditor Agreement (Toys R Us Inc), Intercreditor Agreement (Toys R Us Inc)

Protection of Security. Each Grantor shall, at its own cost and expense, take any and all actions reasonably necessary to defend the Security Interest of the Administrative Agent in the Collateral and the Xxxxxxxx Collateral against any Lien (other than Permitted EncumbrancesLiens) and the priority thereof (except for Permitted Encumbrances Liens having priority by operation of Applicable Law).

Appears in 2 contracts

Samples: Credit Agreement (Toys R Us Inc), Security Agreement (Toys R Us Inc)

Protection of Security. Each Grantor shall, at its own cost and expense, take any and all actions reasonably necessary to defend the Security Interest Interests of the Administrative Collateral Agent in the Collateral against any Lien (other than Permitted Encumbrances) and the priority thereof (except for against any Lien other than Permitted Encumbrances having priority by operation of Applicable Law)Liens.

Appears in 2 contracts

Samples: Security Agreement (Fairpoint Communications Inc), Possession Security Agreement (Fairpoint Communications Inc)

Protection of Security. Each Grantor shall, at its own cost and expense, take any and all actions reasonably necessary to defend the Security Interest Interests of the Administrative Agent in the Collateral against any Lien (other than Permitted Encumbrances) and the priority thereof (except for against any Lien other than Permitted Encumbrances having priority by operation of Applicable Law)Liens.

Appears in 1 contract

Samples: Security Agreement (Fairpoint Communications Inc)

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Protection of Security. Each Grantor shall, at its own cost and expense, take any and all actions reasonably necessary to defend the Security Interest Interests of the Administrative Agent in the Collateral against any Lien (other than Permitted Encumbrances) and the priority thereof (except for against any Lien other than Permitted Encumbrances having priority by operation of Applicable Law)Priority Liens.

Appears in 1 contract

Samples: Security Agreement (Fairpoint Communications Inc)

Protection of Security. Each Grantor shall, at its own cost and expense, take any and all actions reasonably necessary to defend protect the Security Interest of the Administrative Collateral Agent in the Collateral against any Lien (other than Permitted Encumbrances) and the priority thereof (except for against any Lien other than Permitted Encumbrances having priority by operation of Applicable Law)Liens.

Appears in 1 contract

Samples: Security Agreement (Spirit AeroSystems Holdings, Inc.)

Protection of Security. Each Grantor shall, at its own cost and expense, take any and all actions reasonably necessary to defend protect the Security Interest Interests of the Administrative Agent in the Collateral against any Lien (other than Permitted Encumbrances) and the priority thereof (except for Permitted Encumbrances having priority by operation of Applicable Law)Collateral.

Appears in 1 contract

Samples: Security Agreement (Spirit AeroSystems Holdings, Inc.)

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