Common use of Required Action Clause in Contracts

Required Action. The Pledgor shall take all actions, including the action specified on Schedule 1.03, that may be necessary or desirable, or that the Secured Party may request, so as at all times (i) to maintain the validity, perfection, enforceability and priority of the Security Interest in the Collateral in conformity with the requirements of Section 1.02, (ii) to protect and preserve the Collateral and (iii) to protect and preserve, and to enable the exercise or enforcement of, the rights of the Secured Party therein and hereunder and under the other Collateral Documents.

Appears in 2 contracts

Sources: Credit Agreement (Aes Eastern Energy Lp), Security Agreement (Aes Eastern Energy Lp)

Required Action. The Each Pledgor shall take all actionsaction, including the action actions specified on Schedule 1.03, that may be necessary or desirablenecessary, or that the Secured Party may reasonably request, so as at all times (i) to maintain the validity, perfection, enforceability and priority of the Security Interest in the Collateral in conformity with the requirements of Section 1.02, (ii) to protect and preserve the Collateral and (iii) to protect and preserve, and to enable the exercise or enforcement of, the rights of the Secured Party therein and hereunder and under the other Collateral Documents.

Appears in 2 contracts

Sources: Pledge Agreement (Cablevision Systems Corp /Ny), Pledge Agreement (Cablevision Systems Corp /Ny)

Required Action. The Pledgor shall take all actionsaction, including ------ --------------- the action actions specified on Schedule 1.031.3, that may be necessary or desirable, or ------------ that the Secured Party may request, so as at all times (i) to maintain the validity, perfection, enforceability and priority of the Security Interest in the Collateral in conformity with the requirements of Section 1.021.2, (ii) to protect and preserve the Collateral and (iii) to protect and preserve, and to enable the exercise or enforcement of, the rights of the Secured Party therein and hereunder and under the other Collateral Documents.

Appears in 1 contract

Sources: Security Agreement (Tsi International Software LTD)

Required Action. The Pledgor shall take all actions, including the action specified on Schedule 1.03, that may be necessary or desirable, or that the Secured Party may request, so as at all times (i) to maintain the validity, perfection, enforceability and priority of the Security Interest in the Collateral in conformity with the requirements of Section 1.02, (ii) to protect and preserve the Collateral and (iii) to protect and preserve, and to enable the exercise or enforcement of, the rights of the Secured Party therein and hereunder and under the other Collateral Documents.and

Appears in 1 contract

Sources: LLC Membership Interest Pledge Agreement (Aes Eastern Energy Lp)