Common use of Ownership; Defense of Title Clause in Contracts

Ownership; Defense of Title. (a) Each Loan Party shall defend its title in and to the Collateral and shall defend the security interest of ▇▇▇▇▇▇ in the Collateral against the claims and demands of all Persons, other than Persons holding Permitted Liens. (b) Each Loan Party shall (i) protect and preserve all properties material to its business, including Intellectual Property, and maintain all tangible property in good and workable condition in all material respects, with reasonable allowance for wear and tear, and (ii) from time to time make or cause to be made all needed and appropriate repairs, renewals, replacements, and additions to such properties necessary for the conduct of its business.

Ownership; Defense of Title. (a) Each Loan Party shall defend its title in and to the Collateral and shall defend the security interest of ▇▇▇▇▇▇ Lender in the Collateral against the claims and demands of all Persons, other than Persons holding Permitted Liens. (b) Each Loan Party shall (i) protect and preserve all properties material to its business, including Intellectual Property, and maintain all tangible property in good and workable condition in all material respects, with reasonable allowance for wear and tear, and (ii) from time to time make or cause to be made all needed and appropriate repairs, renewals, replacements, and additions to such properties necessary for the conduct of its business.