Common use of Adverse Interests Clause in Contracts

Adverse Interests. Promptly notify the Bank of the existence of any claims, liens, security interests, rights, attachments or other encumbrances that may be or become adverse to the interest of the Bank in any of the Collateral; and defend the Collateral against all claims, liens, security interests, demands and other encumbrances of third parties at any time claiming an interest in the Collateral that is adverse to the security interest granted to the Bank (other than those expressly permitted by the Loan Agreement), and reimburse the Bank for any reasonable expenses it may incur in satisfying any of the foregoing;