Common use of Absence of Other Liens Clause in Contracts

Absence of Other Liens. The Grantor's Collateral is owned by the Grantor free and clear of any Lien other than Existing Liens. Without limiting the foregoing and except as set forth on Schedule 3.4 to this Agreement, the Grantor has not filed or consented to any filing of any financing statement or similar filing in favor of any Person other than the Secured Parties, nor permitted the granting or assignment of a security interest or permitted perfection of any security interest in the Collateral in favor of any Person other than the Secured Parties. The Grantor's having possession of all instruments, certificates and cash constituting Collateral from time to time and the filing of financing statements in the offices referred to in Schedule A hereto results in the perfection of such security interest. Such Security Interest is, or in the case of Collateral in which the Grantor obtain rights after the date hereof, will be, a perfected security interest. Such notices, filings and all other action necessary or desirable to perfect and protect such security interest have been duly taken.

Appears in 4 contracts

Samples: Pledge and Security Agreement (Manaris Corp), Note and Warrant Purchase Agreement (Remote Dynamics Inc), Note and Warrant Purchase Agreement (Remote Dynamics Inc)

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Absence of Other Liens. The Grantor's Collateral is owned by the Grantor free and clear of any Lien other than Existing Liens. Without limiting the foregoing and except as set forth on Schedule 3.4 to this Agreement, the Grantor has not filed or consented to any filing of any financing statement or similar filing in favor of any Person other than the Secured Parties, nor permitted the granting or assignment of a security interest or permitted perfection of any security interest in the Collateral in favor of any Person other than the Secured Parties. The Grantor's having possession of all instruments, certificates and cash constituting Collateral from time to time and the filing of financing statements in the offices referred to in Schedule A hereto results in the perfection of such security interest. Such Security Interest is, or in the case of Collateral in which the Grantor obtain rights after the date hereof, will be, a perfected perfected, first priority security interest. Such notices, filings and all other action necessary or desirable to perfect and protect such security interest have been duly taken.

Appears in 4 contracts

Samples: Security Agreement (Wave Wireless Corp), Security Agreement (Silver Star Energy Inc), Note and Warrant Purchase Agreement (Financialcontent Inc)

Absence of Other Liens. The Grantor's Collateral is owned by the Grantor free and clear of any Lien other than Existing Liens. Without limiting the foregoing and except as set forth on Schedule 3.4 to this Agreement, the Grantor has not filed or consented to any filing of any financing statement or similar filing in favor of any Person other than the Secured Parties, nor permitted the granting or assignment of a security interest or permitted perfection of any security interest in the Collateral in favor of any Person other than the Secured Parties. The Grantor's ’s having possession of all instruments, certificates and cash constituting Collateral from time to time and the filing of financing statements in the offices referred to in Schedule A hereto results in the perfection of such security interest. Such Security Interest is, or in the case of Collateral in which the Grantor obtain rights after the date hereof, will be, a perfected perfected, first priority security interest. Such notices, filings and all other action necessary or desirable to perfect and protect such security interest have been duly taken.

Appears in 2 contracts

Samples: Security Agreement (Interlink Global Corp), Security Agreement (Quest Oil Corp)

Absence of Other Liens. The Grantor's Collateral is owned by the Grantor free and clear of any Lien other than Existing Liens and Permitted Liens. Without limiting the foregoing and except as set forth on Schedule 3.4 to this Agreement, the Grantor has not filed or consented to any filing of any financing statement or similar filing described in Section 3.2 in favor of any Person other than the Secured Parties, nor permitted the granting or assignment of a security interest or permitted perfection of any security interest in the Collateral in favor of any Person other than the Secured Parties. The Grantor's Secured Parties' having possession of all instruments, certificates instruments and cash constituting Collateral from time to time and the filing of financing statements in the offices referred to in Schedule A hereto results in the perfection of such security interest. Such Security Interest security interest is, or in the case of Collateral in which the Grantor obtain rights after the date hereof, will be, a perfected security interest. Such notices, filings and all other action necessary or desirable to perfect and protect such security interest have been duly taken.

Appears in 2 contracts

Samples: Security Agreement (P Com Inc), Security Agreement (P Com Inc)

Absence of Other Liens. The Grantor's Collateral is owned by ---------------------- the Grantor free and clear of any Lien other than Existing Liens. Without limiting the foregoing and except as set forth on Schedule 3.4 to this ------------ Agreement, the Grantor has not filed or consented to any filing of any financing statement or similar filing described in Schedule A in favor of any Person other than the Secured ---------- Parties, nor permitted the granting or assignment of a security interest or permitted perfection of any security interest in the Collateral in favor of any Person other than the Secured Parties. The Grantor's having possession of all instruments, certificates instruments and cash constituting Collateral from time to time and the filing of financing statements in the offices referred to in Schedule A hereto results in ---------- the perfection of such security interest. Such Security Interest security interest is, or in the case of Collateral in which the Grantor obtain rights after the date hereof, will be, a perfected perfected, first priority security interest. Such notices, filings and all other action necessary or desirable to perfect and protect such security interest have been duly taken.

Appears in 1 contract

Samples: Security Agreement (Speedcom Wireless Corp)

Absence of Other Liens. The Grantor's Collateral is owned by the Grantor free and clear of any Lien other than Existing Liens. Without limiting the foregoing and except as set forth on Schedule 3.4 to this Agreement, the Grantor has not filed or consented to any filing of any financing statement or similar filing in favor of any Person other than the Secured Parties, nor permitted the granting or assignment of a security interest or permitted perfection of any security interest in the Collateral in favor of any Person other than the Secured Parties. The Grantor's ’s having possession of all instruments, certificates and cash constituting Collateral from time to time and the filing of financing statements in the offices referred to in Schedule A hereto results in the perfection of such security interest. Such Security Interest is, or in the case of Collateral in which the Grantor obtain rights after the date hereof, will be, a perfected security interest. Such notices, filings and all other action necessary or desirable to perfect and protect such security interest have been duly taken.

Appears in 1 contract

Samples: Security Agreement (Datalogic International Inc)

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Absence of Other Liens. The Grantor's Collateral is owned by the Grantor free and clear of any Lien other than Existing Liens. Without limiting the foregoing and except as set forth on Schedule 3.4 to this Agreement, the Grantor has not filed or consented to any filing of any financing statement or similar filing in favor of any Person other than the Secured PartiesParty, nor permitted the granting or assignment of a security interest or permitted perfection of any security interest in the Collateral in favor of any Person other than the Secured PartiesParty. The Grantor's having possession of all instruments, certificates and cash constituting Collateral from time to time and the filing of financing statements in the offices referred to in Schedule A hereto results in the perfection of such security interest. Such Security Interest is, or in the case of Collateral in which the Grantor obtain rights after the date hereof, will be, a perfected security interest. Such notices, filings and all other action necessary or desirable to perfect and protect such security interest have been duly taken.

Appears in 1 contract

Samples: Security Agreement (Remote Dynamics Inc)

Absence of Other Liens. The Grantor's Collateral is owned ---------------------- by the Grantor free and clear of any Lien other than Existing LiensLien. Without limiting the foregoing and except as set forth on Schedule 3.4 to this Agreement, the Grantor has not filed ------------ or consented to any filing of any financing statement or similar filing described in Schedule A in favor of any Person other ---------- than the Secured Parties, nor permitted the granting or assignment of a security interest or permitted perfection of any security interest in the Collateral in favor of any Person other than the Secured Parties. The Grantor's having possession of all instruments, certificates instruments and cash constituting Collateral from time to time and the filing of financing statements in the offices referred to in Schedule A ---------- hereto results in the perfection of such security interest. Such Security Interest security interest is, or in the case of Collateral in which the Grantor obtain rights after the date hereof, will be, a perfected perfected, first priority security interest. Such notices, filings and all other action necessary or desirable to perfect and protect such security interest have been duly taken.

Appears in 1 contract

Samples: Security Agreement (Appiant Technologies Inc)

Absence of Other Liens. The Grantor's Collateral is owned by the Grantor free and clear of any Lien other than Existing Liens and Permitted Liens. Without limiting the foregoing and except as set forth on Schedule 3.4 to this Agreement, the Grantor has not filed or consented to any filing of any financing statement or similar filing described in Section 3.2 in favor of any Person other than the Secured Parties, nor permitted the granting or assignment of a security interest or permitted perfection of any security interest in the Collateral in favor of any Person other than the Secured Parties. The Grantor's Secured Parties' having possession of all instruments, certificates instruments and cash constituting Collateral from time to time and the filing of financing statements in the offices referred to in Schedule A hereto results in the perfection of such security interest. Such Security Interest security interest is, or in the case of Collateral in which the Grantor obtain rights after the date hereof, will be, a perfected security interest. Such notices, filings and all other action necessary or desirable to perfect and protect such security interest have been duly taken.

Appears in 1 contract

Samples: Security Agreement (Satcon Technology Corp)

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