Common use of Claims Against Collateral Clause in Contracts

Claims Against Collateral. Each Grantor shall, at its own cost and expense, defend title to the Collateral and the First Priority security interest and Lien granted to the Administrative Agent with respect thereto against all claims and demands of all Persons at any time claiming any interest therein adverse to the Administrative Agent or any other Secured Party other than Liens permitted under the Loan Agreement. Except as expressly permitted by the Loan Agreement or any other Credit Document, there is no agreement to which any Grantor is a party, order, judgment or decree, and no Grantor shall enter into any agreement or take any other action, that could reasonably be expected to restrict the transferability of any of the Collateral or otherwise impair or conflict in any material respect with such Grantors' obligations or the rights of the Administrative Agent hereunder.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Galaxy Gaming, Inc.)

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Claims Against Collateral. Each Grantor shall, at its own cost and expense, defend title to the Collateral and the First Priority security interest and Lien granted to the Administrative Collateral Agent with respect thereto against all claims and demands of all Persons at any time claiming any interest therein adverse to the Administrative Collateral Agent or any other Secured Party other than Liens permitted under the Loan AgreementSecurity Documents. Except as expressly permitted by the Loan Agreement or any other Credit DocumentSecurity Documents, there is no agreement to which any Grantor is a partyagreement, order, judgment or decree, and no Grantor shall enter into any agreement or take any other action, that could reasonably be expected to restrict the transferability of any of the Collateral or otherwise impair or conflict in any material respect with such Grantors' obligations or the rights of the Administrative Collateral Agent hereunder.

Appears in 1 contract

Samples: Security Agreement (Live Current Media Inc.)

Claims Against Collateral. Each Grantor shall, at its own cost and expense, use commercially reasonable efforts to defend title to the Collateral and the First Priority security interest and Lien granted to the Administrative Collateral Agent with respect thereto against all claims and demands of all Persons persons at any time claiming any interest therein adverse to the Administrative Collateral Agent or any other Secured Party other than Liens permitted under the Loan AgreementAgreement or other Loan Documents. Except as expressly permitted by the Loan Agreement or any other Credit Loan Document, there is no agreement to which any Grantor is a partyagreement, order, judgment or decree, and no Grantor shall enter into any agreement or take any other action, that could reasonably be expected to restrict the transferability of any of the Collateral or otherwise impair or conflict in any material respect with such Grantors' obligations or the rights of the Administrative Collateral Agent hereunder.

Appears in 1 contract

Samples: Security Agreement (New Enterprise Stone & Lime Co., Inc.)

Claims Against Collateral. Each Grantor shall, at its own cost and expense, defend title to the Collateral and the First Priority security interest and Lien granted to the Administrative Collateral Agent with respect thereto against all claims and demands of all Persons at any time claiming any interest therein adverse to the Administrative Collateral Agent or any other Secured Party other than Liens permitted under the Loan Agreement. Except as expressly permitted by the Loan Agreement or any other Credit Loan Document, there is no agreement to which any Grantor is a party, order, judgment or decree, and no Grantor shall enter into any agreement or take any other action, that could reasonably be expected to restrict the transferability of any of the Collateral or otherwise impair or conflict in any material respect with such Grantors' obligations or the rights of the Administrative Collateral Agent hereunder.

Appears in 1 contract

Samples: Security Agreement (Medicine Man Technologies, Inc.)

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Claims Against Collateral. Each Grantor shall, at its own cost and expense, defend title to the Collateral and the First Priority security interest and Lien granted to the Administrative Collateral Agent with respect thereto against all claims and demands of all Persons persons at any time claiming any interest therein adverse to the Administrative Collateral Agent or any other Secured Party other than Liens permitted under the Loan AgreementAgreements or Other Documents. Except as expressly permitted by the Loan Agreement Agreements or any other Credit Other Document, there is no agreement to which any Grantor is a partyagreement, order, judgment or decree, and no Grantor shall enter into any agreement or take any other action, that could reasonably be expected to restrict the transferability of any of the Collateral or otherwise impair or conflict in any material respect with such Grantors' obligations or the rights of the Administrative Collateral Agent hereunder.

Appears in 1 contract

Samples: Security Agreement (New Enterprise Stone & Lime Co., Inc.)

Claims Against Collateral. Each Grantor shall, at its own cost and expense, defend title to the Collateral and the First Priority security interest and Lien granted to the Administrative Collateral Agent with respect thereto against all claims and demands of all Persons at any time claiming any interest therein adverse to the Administrative Collateral Agent or any other Secured Party other than Liens permitted under the Loan AgreementIndenture. Except as expressly permitted by the Loan Agreement or any other Credit DocumentIndenture, there is no agreement to which any Grantor is a party, order, judgment or decree, and no Grantor shall enter into any agreement or take any other action, that could reasonably be expected to restrict the transferability of any of the Collateral or otherwise impair or conflict in any material respect with such Grantors' obligations or the rights of the Administrative Collateral Agent hereunder.

Appears in 1 contract

Samples: Security Agreement (Medicine Man Technologies, Inc.)

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