Common use of Collateral Generally Clause in Contracts

Collateral Generally. The Grantor shall: (a) notify the Security Agent within 14 days of receipt of every material notice, order, application, requirement or proposal given or made in relation to the Collateral by any competent authority, and (if required by the Security Agent): (i) immediately provide it with a copy of the same; and (ii) either (A) comply with such notice, order, application, requirement or proposal or (B) make such objections to the same as the Security Agent may require or approve; (b) pay all outgoings owed by it in respect of the Collateral; (c) comply with: (i) all obligations in relation to the Collateral under any present or future regulation or requirement of any competent authority or any Authorisation; and (ii) all covenants and obligations affecting the any part of the Collateral (or its manner of use); (d) not, except with the prior written consent of the Security Agent, enter into any onerous or restrictive obligation affecting the Collateral (except as expressly permitted by the Senior Facilities Agreement); (e) provide the Security Agent with all information which it may reasonably request in relation to the Collateral; and (f) not do, cause or permit to be done anything which may in any way depreciate, jeopardise or otherwise prejudice the value or marketability of the Collateral (or make any omission which has such an effect).

Collateral Generally. The Grantor shall: (a) notify the Security Agent within 14 days of receipt of every material notice, order, application, requirement or proposal given or made in relation to the Collateral by any competent authority, and (if required by the Security Agent): (i) immediately provide it with a copy of the same; and (ii) either (A) comply with such notice, order, application, requirement or proposal or (B) make such objections to the same as the Security Agent may require or approve; (b) pay all outgoings owed by it in respect of the Collateral; (c) comply with: (i) all obligations in relation to the Collateral under any present or future regulation or requirement of any competent authority or any Authorisation; and (ii) all covenants and obligations affecting the any part of the Collateral (or its manner of use); (d) not, except with the prior written consent of the Security Agent, enter into any onerous or restrictive obligation affecting the Collateral (except as expressly permitted by the Senior Facilities Agreement); (e) provide the Security Agent with all information which it may reasonably request in relation to the Collateral; and (f) not do, cause or permit to be done anything which may in any way depreciate, jeopardise or otherwise prejudice the value or marketability of the Collateral (or make any omission which has such an effect).