Continuous Obligation to Grant and Maintain Security Clause Samples

Continuous Obligation to Grant and Maintain Security. As security for the due and punctual payment and performance in full of all Credit Obligations, the Credit Parties will grant and maintain security for the benefit of the Lender on all of their respective movable (“personal”) and immoveable (“real”) property and assets, both present and future and of every nature and kind and wherever situated, to the extent and pursuant to such documents (the “Security Documents”) as the Lender may reasonably require (the “Security”). The Security will create, in favour of the Lender, a first-ranking Lien subject only to Permitted Liens. The Security Documents will include such legal opinions, certificates of officers, resolutions and Liens searches, as the case may be, as the Lender may reasonably require.
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Continuous Obligation to Grant and Maintain Security. As security for the due and punctual payment and performance in full of all Credit Obligations, the Credit Parties will grant and maintain security in favour of the Agent, acting for and on behalf of the Secured Parties, on all of their respective movable (“personal”) and immovable (“real”) property and assets (including a pledge in favour of the Agent, acting for an on behalf of the Secured Parties, of all Capital Stock held by the Borrower in any Guarantor and all Capital Stock held by any Guarantor in any other Guarantor), both present and future and of every nature and kind and wherever situated, including without limitation, on all of its rights under the Material Contracts, permits, agreements and licences, to the extent and pursuant to such documents as the Agent may reasonably require. The Security will create, in favour of the Agent, acting for and on behalf of the Secured Parties, a first-ranking Lien subject only to Permitted Liens. The Security Documents will include such legal opinions, certificates of officers, resolutions and Liens searches, as the case may be, as the Agent may reasonably require.
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Related to Continuous Obligation to Grant and Maintain Security

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Obligation to Provide State Access to Grant Records The Grantee must make all grant records of expenditures, copies of reports, books, and related documentation available to the Division or a duly authorized representative of the State of Florida for inspection at reasonable times for the purpose of making audits, examinations, excerpts, and transcripts.

  • Termination of Services The Account Owner may act for all Clients to terminate enrollment in the DNA Guardian Program by executing ViaCord’s required documentation. However, once the Child reaches the age of majority, ▇▇▇▇▇▇▇ will follow the request of the Child.

  • Forfeiture upon Termination of Status as a Service Provider Notwithstanding any contrary provision of this Award Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any or no reason and Participant’s right to acquire any Shares hereunder will immediately terminate.

  • Retention of Records, Right to Monitor and Audit (a) CONTRACTOR shall maintain all required records for three (3) years after the COUNTY makes final payment and all other pending matters are closed, and shall be subject to the examination and/or audit of the County, a Federal grantor agency, and the State of California.