Security and Further Assurances Clause Samples
The 'Security and Further Assurances' clause requires one or both parties to provide additional security or take further actions necessary to give full effect to the agreement. In practice, this may involve a party executing additional documents, registering interests, or providing information to ensure that any security interests are properly perfected and enforceable. The core function of this clause is to ensure that all necessary steps are taken to protect the interests of the parties, particularly in relation to security arrangements, and to address any gaps that may arise after the initial agreement is signed.
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Security and Further Assurances. The Borrower shall, whenever and as often as the Bank may reasonably request, at the Borrower's own expense, promptly execute and deliver all such further instruments (including, without limiting the generality of the foregoing, additional security agreements, deeds of trust and financing statements) and do such other acts (including, without limitation, field warehousing) as the Bank may reasonably request for the purpose of protecting or perfecting any Lien created or granted or intended to be created or granted in the International Security Documents or in order to ensure that any such Lien is of the priority purported to be granted thereby and as required by Section 9.1 hereof, or in order to police or protect any Collateral or otherwise to carry out more effectually the purposes and intent of the International Loan Documents.
Security and Further Assurances. Each Loan Party shall, from time to time as the Bank may reasonably request, at the Borrower’s own expense, promptly execute and deliver all such further instruments (including, without limiting the generality of the foregoing, additional security agreements, and financing statements) and do such other acts as the Bank may reasonably request for the purpose of protecting or perfecting any Lien created or granted or intended to be created or granted in the International Security Documents or in order to ensure that any such Lien is of the priority purported to be granted thereby and as required by Section 9.1 hereof, or in order to police or protect any Collateral or otherwise to carry out more effectually the purposes and intent of the International Loan Documents.
Security and Further Assurances. Whenever and as often as the Administrative Agent may reasonably request, each Borrower will, and will cause the other Loan Parties and each of their Subsidiaries to, at its own expense, promptly execute and deliver all such further instruments (including, without limiting the generality of the foregoing, additional security agreements, and financing statements) and do such other acts as the Administrative Agent may request for the purpose of protecting or perfecting any Lien created or granted or intended to be created or granted in the Security Documents or in order to insure that any such Lien is of first priority, subject only to Liens permitted by Section 6.02 hereof, or in order to police or protect any Collateral or otherwise to carry out more effectually the purposes and intent of the Loan Documents. Without limiting the generality of the foregoing, Borrowers will, as soon as practicable after the date hereof, cause to be duly recorded, published, registered and filed all Security Documents, in such manner and in such places as is required by law to establish, perfect, preserve and protect the rights and first priority security interests of the parties thereto and their respective successors and assigns in all of the Collateral, subject to Liens permitted under Section 6.
Security and Further Assurances. (a) The Company shall ensure that the Security Interest granted to the Debenture Trustee or the Debenture Trustee under or pursuant to the Security Documents:
(i) constitutes and will constitute the security expressed to be conferred pursuant to the relevant Transaction Documents; and
(ii) has and shall continue to have the ranking it is expressed to have under the Security Documents.
(b) The Company shall, at its own cost and expense, perform (or procure the performance of) acts, matters and things and take all such steps and submit all such deeds, assurances, documents, instruments (including all Authorisation), as may be required by Applicable Law or as may be necessary to carry out the intent of this Deed or as may be required by the Debenture Trustee for making any filings or submissions or registrations (including any filings required to be made with the relevant registrar of companies as required under the provisions of the Companies Act) in order to:
(i) establish and perfect the rights of the Debenture Trustee (including the right of the Debenture Trustee in and to the Secured Assets) and give effect to the Security Interest; and
(ii) create, perfect, protect and maintain the Security Interest and the priority of the Security Interest in full force and effect for the benefit of the NCD Holders.
(c) The Company shall ensure that other Security Providers shall, upon a request in writing by the Debenture Trustee and subject to Applicable Laws, execute any transfer, conveyance, charge, assignment or assurance of the Secured Assets owned by it (whether to the Debenture Trustee or its nominees or otherwise), provide evidence (under their control and possession) in any proceedings in accordance with the Transaction Documents, make any registration and give any notice, order or direction to facilitate the realisation of the Secured Assets or the exercise of any rights vested in the Debenture Trustee or its nominees.
(d) The Company shall co-operate with the Debenture Trustee in recovery proceedings in the manner permissible under Applicable Law.
(e) The Company shall make any registration and give any notice, order or direction to facilitate the realisation of Security Interest upon the occurrence of an Event of Default or the exercise of any rights vested in the Debenture Trustee or their nominees.
(f) The Company shall inform the Debenture Trustee of (i) any notice received by the Company in respect of payment of outstanding Taxes within 3 (three) Busin...
Security and Further Assurances. 23 8.7 [Omitted Intentionally.]................................................................ 23 8.8
Security and Further Assurances. 6.1.11.1 From time to time or promptly upon request by IDB and at its cost and expense, execute, acknowledge and deliver or cause to be executed, acknowledged and delivered such further documents and instruments and Loan Agreement Loan No. 2028A/OC-AR take all other actions necessary, or in the reasonable opinion of IDB, desirable:
6.1.11.1.1 for perfecting or maintaining in full force and effect the Security or for re-registering the Security;
6.1.11.1.2 to enable it to comply with its obligations under the Financing Documents;
6.1.11.1.3 to implement the terms of the Financing Documents; and
6.1.11.1.4 to preserve and protect IDB’s rights under the Financing Documents.
6.1.12.2 If IDB requests, defend, at the cost and expense of the Borrowers, IDB’s right, title and interest to the Security and the Secured Property.
6.1.12.3 in the event that the Loan Coverage Ratio is less than 1.5:1.0 at any time, create, perfect and maintain, no later than three (3) months, provided that, the Borrowers may request a one time, three (3) month extension of such term, which request shall not be unreasonable denied by the IDB, from the date of calculation, in full force and effect further Security over real estate assets acceptable to IDB to the extent necessary so that, immediately after giving effect to such creation and perfection, the Loan Coverage Ratio shall be at least 1.5:1.0.
Security and Further Assurances. 6.1.11.1 From time to time or promptly upon request by IDB and at its cost and expense, execute, acknowledge and deliver or cause to be executed, acknowledged and delivered such further documents and instruments and take all other actions necessary, or in the reasonable opinion of IDB, desirable:
6.1.11.1.1 for perfecting or maintaining in full force and effect the Security or for re-registering the Security;
6.1.11.1.2 to enable it to comply with its obligations under the Financing Documents;
6.1.11.1.3 to implement the terms of the Financing Documents; and
6.1.11.1.4 to preserve and protect IDB’s rights under the Financing Documents.
6.1.11.2 If IDB requests, defend, at the cost and expense of the Borrowers, IDB’s right, title and interest to the Security and the Secured Property.
6.1.11.3 in the event that the Loan Coverage Ratio is less than 1.5:1.0 at any time, create, perfect and maintain, no later than three (3) months, provided that, the Borrowers may request a one time, three (3) month extension of such term, which request shall not be unreasonable denied by the IDB, from the date of calculation, in full force and effect further Security over real estate assets acceptable to IDB to the extent necessary so that, immediately after giving effect to such creation and perfection, the Loan Coverage Ratio shall be at least 1.5:1.0.
Security and Further Assurances