Common use of Further Protection Clause in Contracts

Further Protection. Seller will promptly give notice to Buyer of, and defend against, any suit, action, proceeding or lien that involves Performance Assurance transferred by Seller or that could adversely affect the security interest and lien granted by it hereunder, unless that suit, action, proceeding or lien results from the exercise of Buyer’s rights.

Further Protection. Seller will promptly give notice to Buyer of, and defend against, any suit, action, proceeding proceeding, or lien (other than a banker’s lien in favor of the Custodian appointed by Buyer so long as no amount owing from Seller to such Custodian is overdue) that involves Performance Assurance transferred the Posted Collateral delivered to Buyer by Seller or that could adversely affect the any security interest and or lien granted by it hereunder, unless that suit, action, proceeding or lien results from the exercise of Buyer’s rightspursuant to this Agreement.

Further Protection. Seller will promptly give notice to Buyer of, and defend against, any suit, action, proceeding proceeding, or lien that involves Performance Assurance transferred the Posted Collateral delivered to Buyer by Seller or that could adversely affect the any security interest and or lien granted by it hereunder, unless that suit, action, proceeding or lien results from the exercise of Buyer’s rightspursuant to this Agreement.

Further Protection. Seller will promptly give notice to Buyer of, and defend against, any suit, action, proceeding proceeding, or lien (other than a banker’s lien in favor of the Custodian appointed by ▇▇▇▇▇, so long as no amount owing from Seller to such Custodian is overdue, or other liens created by or through Buyer) that involves Performance Assurance transferred the Posted Collateral delivered to Buyer by Seller or that could adversely affect the any security interest and or lien granted by it hereunder, unless that suit, action, proceeding or lien results from the exercise of Buyer’s rightspursuant to this Agreement.

Further Protection. The Seller will promptly give notice to Buyer of, and defend against, any suit, action, proceeding proceeding, or lien that involves Performance Assurance transferred the Posted Collateral delivered to Buyer by Seller or that could adversely affect the any security interest and or lien granted by it hereunder, unless that suit, action, proceeding or lien results from the exercise of Buyer’s rightspursuant to this Agreement.

Further Protection. Seller will promptly give notice to Buyer of, and defend against, any suit, action, proceeding proceeding, or lien (other than a banker’s lien in favor of the Custodian appointed by Buyer, so long as no amount owing from Seller to such Custodian is overdue, or other liens created by or through Buyer) that involves Performance Assurance transferred the Posted Collateral delivered to Buyer by Seller or that could adversely affect the any security interest and or lien granted by it hereunder, unless that suit, action, proceeding or lien results from the exercise of Buyer’s rightspursuant to this Agreement.