Common use of Maintenance of Security Interests Clause in Contracts

Maintenance of Security Interests. The Guarantor will: (a) at its own cost, do all that it reasonably can to ensure that any Finance Document to which it is a party validly creates the obligations and the Security Interests which it purports to create; and (b) without limiting the generality of paragraph (a) above, at its own cost, promptly register, file, record or enrol any Finance Document to which it is a party with any court or authority in all Pertinent Jurisdictions, pay any stamp, registration or similar tax in all Pertinent Jurisdictions in respect of any Finance Document to which it is a party, give any notice or take any other step which may be or become necessary or desirable for any Finance Document to which it is a party to be valid, enforceable or admissible in evidence or to ensure or protect the priority of any Security Interest which it creates.

Appears in 4 contracts

Sources: Guarantee and Negative Pledge (DryShips Inc.), Guarantee (EuroDry Ltd.), Supplemental Agreement (TBS International PLC)

Maintenance of Security Interests. The Guarantor willmust: (a) at its own cost, do all that it reasonably can to ensure that any Finance Document to which it is a party validly creates the obligations and the Security Interests which it purports to create; and (b) without limiting the generality of paragraph (a) above, at its own cost, promptly register, file, record or enrol any Finance Document to which it is a party with any court or authority in all Pertinent Jurisdictionsrelevant jurisdictions, pay any stamp, registration or similar tax in all Pertinent Jurisdictions relevant jurisdictions in respect of any Finance Document to which it is a party, give any notice or take any other step which may be or become necessary or desirable for any Finance Document to which it is a party to be valid, enforceable or admissible in evidence or to ensure or protect the priority of any Security Interest which it creates.

Appears in 4 contracts

Sources: Guarantee Agreement (Ocean Rig UDW Inc.), Sponsor Construction and Post Delivery Guarantee (Ocean Rig UDW Inc.), Sponsor Construction and Post Delivery Guarantee (Ocean Rig UDW Inc.)

Maintenance of Security Interests. The Guarantor will: (a) at its own cost, do all that it reasonably can to ensure that any Finance Security Document to which it is a party validly creates the obligations and the Security Interests which it purports to create; and (b) without limiting the generality of paragraph (a) above, at its own cost, promptly register, file, record or enrol any Finance Security Document to which it is a party with any court or authority in all Pertinent Relevant Jurisdictions, pay any stamp, registration or similar tax in all Pertinent Relevant Jurisdictions in respect of any Finance Security Document to which it is a party, give any notice or take any other step which may be or become necessary or desirable for any Finance Security Document to which it is a party to be valid, enforceable or admissible in evidence or to ensure or protect the priority of any Security Interest which it creates.

Appears in 3 contracts

Sources: Guarantee, Guarantee, Guarantee

Maintenance of Security Interests. The Guarantor will: (a) at its own cost, do all that it reasonably can to ensure that any Finance Document to which it is a party validly creates the obligations and the Security Interests which it purports to create; and (b) without limiting the generality of paragraph (a) above, at its own cost, promptly register, file, record or enrol any Finance Document to which it is a party with any court or authority in all Pertinent Jurisdictions, pay any stamp, registration or similar tax in all Pertinent Jurisdictions in respect of any Finance Document to which it is a party, give any notice or take any other step which may be or become necessary or desirable for any Finance Document to which it is a party to be valid, enforceable or admissible in evidence or to ensure or protect the priority of any Security Interest which it creates.

Appears in 2 contracts

Sources: Guarantee (Box Ships Inc.), Guarantee (Box Ships Inc.)

Maintenance of Security Interests. The Guarantor will: (a) at its own cost, do all that it reasonably can to ensure that any Finance Document to which it is a party validly creates the obligations and the Security Interests which it purports to create; and (b) without limiting the generality of paragraph (a) above, at its own cost, promptly register, file, record or enrol any Finance Document to which it is a party with any court or authority in all Pertinent Relevant Jurisdictions, pay any stamp, registration or similar tax in all Pertinent Relevant Jurisdictions in respect of any Finance Document to which it is a party, give any notice or take any other step which may be or become necessary or desirable for any Finance Document to which it is a party to be valid, enforceable or admissible in evidence or to ensure or protect the priority of any Security Interest which it creates.

Appears in 2 contracts

Sources: Guarantee (EuroDry Ltd.), Guarantee (EuroDry Ltd.)

Maintenance of Security Interests. The Guarantor will: (a) at its own cost, do all that it reasonably can to ensure that any Finance Security Document to which it is a party validly creates the obligations and the Security Interests which it purports to create; and (b) without limiting the generality of paragraph (a) above, at its own cost, promptly register, file, record or enrol enroll any Finance Security Document to which it is a party with any court or authority in all Pertinent Relevant Jurisdictions, pay any stamp, registration or similar tax in all Pertinent Relevant Jurisdictions in respect of any Finance Security Document to which it is a party, give any notice or take any other step which may be or become necessary or desirable for any Finance Security Document to which it is a party to be valid, enforceable or admissible in evidence or to ensure or protect the priority of any Security Interest which it creates.

Appears in 1 contract

Sources: Guarantee (Seanergy Maritime Holdings Corp.)

Maintenance of Security Interests. The Guarantor will: : (a) at its own cost, do all that it reasonably can is necessary to ensure that any each Finance Document to which it is a party validly creates the obligations and the Security Interests which it purports to create; and and (b) without limiting the generality of paragraph (a) above, at its own cost, promptly register, file, record or enrol any each Finance Document to which it is a party with any court or authority in all Pertinent Jurisdictions, pay any stamp, registration or similar tax in all Pertinent Jurisdictions in respect of any each Finance Document to which it is a party, give any notice or take any other step which may be or become necessary or desirable for any each Finance Document to which it is a party to be valid, enforceable or admissible in evidence or to ensure or protect the priority of any Security Interest which it creates.

Appears in 1 contract

Sources: Guarantee (DryShips Inc.)