Common use of Defense of Pledged Collateral Clause in Contracts

Defense of Pledged Collateral. At its own cost and expense, take any and all actions necessary to defend title to the Pledged Collateral against all Persons and to defend the security interest of the Administrative Agent in the Pledged Collateral and the priority thereof against any Lien.

Appears in 2 contracts

Sources: Credit Agreement (Flow International Corp), Credit Agreement (Flow International Corp)

Defense of Pledged Collateral. At its own cost and expense, take any and all actions necessary to defend title to the Pledged Collateral against all Persons and to defend the security interest of the Administrative Agent Pledgee in the Pledged Collateral and the priority thereof against any Lien.

Appears in 2 contracts

Sources: Credit Agreement (Usana Health Sciences Inc), Credit Agreement (Planar Systems Inc)