Common use of Protection of Security Clause in Contracts

Protection of Security. The Borrower shall, at its own cost and expense, take any and all actions reasonably necessary to defend title to the Collateral owned by it against all persons and to defend the security interest of the Lenders in such Collateral, and the priority thereof, against any Lien of any nature whatsoever except for the Permitted Liens.

Appears in 3 contracts

Samples: Security Agreement (Tapimmune Inc), Security Agreement (Tapimmune Inc), Security Agreement (Op Tech Environmental Services Inc)

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Protection of Security. The Borrower shall, at its own cost and expense, take any and all actions reasonably necessary to defend title to the Collateral owned by it against all persons and to defend the security interest of the Lenders Lender in such Collateral, and the priority thereof, against any Lien of any nature whatsoever except for Liens which may be permitted by the Permitted LiensDebenture.

Appears in 3 contracts

Samples: Mexoro General Security Agreement (Mexoro Minerals LTD), Security Agreement (Paramount Gold & Silver Corp.), Security Agreement (Mexoro Minerals LTD)

Protection of Security. The Borrower shall, at its own cost and expense, take any and all actions reasonably necessary to defend title to the Collateral owned by it against all persons Persons and to defend the security interest Security Interest of the Lenders Collateral Agent in such Collateral, the Collateral and the priority thereof, thereof against any Lien of any nature whatsoever except for the Permitted LiensLien.

Appears in 3 contracts

Samples: Security Agreement (Winstar Communications Inc), Security Agreement (Winstar Communications Inc), Credit Agreement (Winstar Communications Inc)

Protection of Security. The Borrower shall, at its own cost and ---------------------- expense, take any and all actions reasonably necessary to defend title to the Collateral owned by it against all persons Persons and to defend the security interest of Lender in the Lenders in such Collateral, Collateral and the priority thereof, against any adverse Lien of any nature whatsoever except for the Permitted Lienswhatsoever.

Appears in 1 contract

Samples: Loan and Security Agreement (DMX Inc)

Protection of Security. The Borrower Each Debtor shall, at its own cost and expense, take any and all actions reasonably necessary to defend title to the Collateral owned by it against all persons Persons and to defend the security interest Security Interest of the Lenders Collateral Agent in such Collateral, the Collateral and the priority thereof, thereof against any Lien of any nature whatsoever except for the other than a Permitted LiensEncumbrance.

Appears in 1 contract

Samples: Pledge Agreement (Mentor Corp /Mn/)

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Protection of Security. The Borrower shallwill, at its own cost and expense, take any and all actions reasonably necessary to defend title to the Collateral owned by it against all persons Persons and to defend the security interest of Lender in the Lenders in such Collateral, Collateral and the priority thereof, against any adverse Lien of any nature whatsoever except for the Permitted Lienswhatsoever.

Appears in 1 contract

Samples: Loan and Security Agreement (Tci Music Inc)

Protection of Security. The Borrower shall, at its own cost and expense, take any and all actions reasonably necessary to defend title to the Collateral owned by it against all persons Persons and to defend the security interest of Lender in the Lenders in such Collateral, Collateral and the priority thereof, against any adverse Lien of any nature whatsoever except for the Permitted Lienswhatsoever.

Appears in 1 contract

Samples: Loan and Security Agreement (Tele Communications Inc /Co/)

Protection of Security. The Borrower shall, at ---------------------- its own cost and expense, take any and all actions reasonably necessary to defend title to the Collateral owned by it against all persons Persons and to defend the security interest of Lender in the Lenders in such Collateral, Collateral and the priority thereof, against any adverse Lien of any nature whatsoever except for the Permitted Lienswhatsoever.

Appears in 1 contract

Samples: Loan and Security Agreement (Tele Communications Inc /Co/)

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