Common use of Protection of Security Interest Clause in Contracts

Protection of Security Interest. Each Pledgor agrees that it will use commercially reasonable efforts, at its own cost and expense, to take any and all actions necessary to warrant and defend the right, title and interest of the Agent and Secured Parties in and to the Collateral against the claims and demands of all other persons.

Appears in 5 contracts

Sources: Pledge and Security Agreement (Usec Inc), Pledge and Security Agreement (Usec Inc), Pledge and Security Agreement (Usec Inc)

Protection of Security Interest. Each Pledgor agrees that it will use commercially reasonable efforts, at its own cost and expense, to take any and all actions necessary to warrant and defend the right, title and interest of the Collateral Agent and Secured Parties in and to the Collateral against the claims and demands of all other persons.

Appears in 5 contracts

Sources: Supplemental Indenture (Centrus Energy Corp), Pledge and Security Agreement (Centrus Energy Corp), Indenture Agreement (Centrus Energy Corp)

Protection of Security Interest. Each Pledgor agrees that it will use commercially reasonable efforts, at its own cost and expense, to take any and all actions necessary to warrant and defend the right, title and interest of the Agent Lender and Secured Parties in and to the Collateral against the claims and demands of all other persons.

Appears in 1 contract

Sources: Credit Agreement (Spanish Broadcasting System Finance Corp)