B3-CV7-B enp E h h f hdl G f GMDXXB hH V Forced lubricatio Bevel-helical speed reduction gearbox B3

Flender/Flender Gear Units/Bevel-helical speed reduction gearbox B3

Party diligently pursues the preparation, certification and delivery of the statements. Section 1.2 Subordinated Security Interest and Mortgage . Section 1.2.1 Grant of Subordinated Security Interest. Prior to the Service Commencement Date, to secure Sellers performa nce of its obligations under this Agreement, Seller and Buyer, as the case may be, shall each execute, deliver, ile and record, as appropriate, separate agreements, documents, or instruments unde which Seller will grant to Buyer, in form reasonably acceptable to Buyer, fu lly perfected security interests and/or mortgage liens in the Facility and in any and all real and personal prop erty rights, contractual rights, or other rights that Seller requires in order to own and operate the Facility (collectively, the Subordinated Security Interest ). The lien of the Subordinated Security Interest shall be subordinate only to the senior lien of the Lenders and upon request of Seller, Buyer will execute subordination agreement in favor of Lender() on term consistent with this Section 1.2.1 , which subordination agreement may, if so requested, be in form appropriate for recording or filing; provided , however , that nothing contained therein shall limit Buyers rights and remedies in respect of Buyers right to re ceive the payment of money or other performance in accordance with this Agreement and Buyer may exercise its rights and remedies in accordance with the terms hereof (other than through the exercise of any remedy relating to any Subordinated Security Interest). The Subordinated Security In terest shall not include the pledge or assignment of any ownership interest in Seller. Section 1.2.2 Other Actions By Seller. All costs of executing, delivering, filing, and recording the Security Documents shall be at Buyers expense. The Security Documents in respect of the Subordinated Secu rity Interest shall contain fi nancial and operating covenants intended to preser