Common use of Defense of Title Clause in Contracts

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral at its own expense against the claims and demands of all other parties claiming an interest therein; keep the Pledged Collateral free from all liens, other than the liens created under this Agreement; and not sell, exchange, transfer, assign, lease or otherwise dispose of Pledged Collateral or any interest therein, except as permitted upon the Pledgor’s receipt of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase Notes.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Origo Acquisition Corp), Stock Purchase Agreement (Hightimes Holding Corp.)

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Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral at its own expense against the claims and demands of all other parties claiming an interest therein; keep the Pledged Collateral free from all liensLiens, other than the liens created under this AgreementPermitted Liens; and not sell, exchange, transfer, assign, lease or otherwise dispose of the Pledged Collateral or any interest therein, except as permitted upon the Pledgor’s receipt of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase NotesIndenture.

Appears in 2 contracts

Samples: Pledge Agreement (Transmeridian Exploration Inc), Pledge Agreement (Transmeridian Exploration Inc)

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral at its own reasonable expense against the claims and demands of all brought against the Secured Party and/or Debtor by any other parties claiming an interest therein; , keep the Pledged Collateral free from all liensLiens, other than the liens created under this Agreement; and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of Pledged its rights in or to the Collateral or any interest thereintherein nor create, except as permitted upon the Pledgor’s receipt incur or permit to exist any Lien whatsoever with respect to any of the Pledgees’s written consent to transfer Collateral or the subject Pledged Collateral proceeds thereof other than that created hereby or as otherwise permitted under by the Purchase NotesAgreement.

Appears in 2 contracts

Samples: Pledge Agreement (Gulf United Energy, Inc.), Pledge Agreement (Gulf United Energy, Inc.)

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral at its own expense against the claims and demands of all other parties claiming an interest therein; keep the Pledged Collateral free from all liensLiens, other than the liens created under this AgreementPermitted Liens; and not sell, exchange, transfer, assign, lease or otherwise dispose of the Pledged Collateral or any interest therein, except as permitted upon the Pledgor’s receipt of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase NotesIndentures.

Appears in 2 contracts

Samples: Pledge Agreement (Transmeridian Exploration Inc), Pledge Agreement (Transmeridian Exploration Inc)

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral (except as otherwise permitted under the Credit Agreement) of such Obligor at its own expense against the claims and demands of all other parties claiming an interest therein; , keep the Pledged Collateral free from all liensLiens, other than except for Liens permitted by the liens created under this Agreement; Credit Agreement and not sell, exchange, transfer, assign, lease or otherwise dispose of Pledged the Collateral of such Obligor or any interest therein, except as permitted upon the Pledgor’s receipt of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase NotesCredit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Kapstone Paper & Packaging Corp)

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral at its own expense against the claims and demands of all other parties claiming an interest therein; , keep the Pledged Collateral free from all liensLiens, other than Liens in favor of the liens created under this Agreement; Prior Secured Parties, and not sell, exchange, transfer, assign, lease or otherwise dispose of Pledged the Collateral or any interest thereintherein nor create, except as permitted upon the Pledgor’s receipt incur or permit to exist any Lien whatsoever with respect to any of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase Notesproceeds thereof other than that created hereby and Liens in favor of the Prior Secured Parties.

Appears in 1 contract

Samples: Equity Pledge Agreement (General Environmental Management, Inc)

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral at its own expense against the claims and demands of all other parties claiming an interest therein; keep the Pledged Collateral free from all liensLiens, other than the liens created under this AgreementPermitted Liens; and not sell, exchange, transfer, assign, lease or otherwise dispose of Pledged the Collateral or any interest therein, except as otherwise expressly permitted upon herein or in the Pledgor’s receipt of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase NotesTransaction Documents.

Appears in 1 contract

Samples: Security Agreement (Applied Digital Solutions Inc)

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral at its own reasonable expense against the claims and demands of all other parties claiming an interest therein; , keep the Pledged Collateral free from all liensLiens, other than the liens created under this Agreement; and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of Pledged its rights in or to the Collateral or any interest thereintherein nor create, except as permitted upon the Pledgor’s receipt incur or permit to exist any Lien whatsoever with respect to any of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase Notesproceeds thereof other than that created hereby.

Appears in 1 contract

Samples: Stockholder Pledge and Security Agreement (ONE Bio, Corp.)

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral (except as otherwise permitted under each of the Financing Documents) of such Obligor at its own expense against the claims and demands of all other parties claiming an interest therein; , keep the Pledged Collateral free from all liensLiens, other than except for Liens permitted by each of the liens created under this Agreement; Financing Documents and not sell, exchange, transfer, assign, lease or otherwise dispose of Pledged the Collateral of such Obligor or any interest therein, except as permitted upon the Pledgor’s receipt under each of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase NotesFinancing Documents.

Appears in 1 contract

Samples: Credit Agreement (Kapstone Paper & Packaging Corp)

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral (except as otherwise not prohibited by theany Indenture) of such Obligor at its own expense against the claims and demands of all other parties claiming an interest therein; keep the Pledged Collateral free from all liens, therein (other than the liens created under this Agreement; and not sell, exchange, transfer, assign, lease or otherwise dispose of Pledged Collateral or any interest therein, except as permitted upon the Pledgor’s receipt of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase NotesPermitted Liens).

Appears in 1 contract

Samples: Collateral Trust Agreement (Calumet Specialty Products Partners, L.P.)

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Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral (except as otherwise permitted under the Credit Agreement and the other Loan Documents) of such Obligor at its own expense against the claims and demands of all other parties claiming an interest therein; , keep the Pledged Collateral free from all liensLiens, other than except for Liens permitted by the liens created under this Agreement; Credit Agreement and not sell, exchange, transfer, assign, lease or otherwise dispose of Pledged the Collateral of such Obligor or any interest therein, except as permitted upon the Pledgor’s receipt of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase NotesCredit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Pledge Agreement (Brookdale Senior Living Inc.)

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral at its own expense against the claims and demands of all other parties claiming an interest therein; , keep the Pledged Collateral free from all liensLiens, other than the liens created under this Agreement; except for Permitted Liens, and not sell, exchange, transfer, assign, lease or otherwise dispose of Pledged the Collateral or any interest thereintherein nor create, except as permitted upon the Pledgor’s receipt incur or permit to exist any Lien whatsoever with respect to any of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase Notesproceeds thereof other than that created hereby.

Appears in 1 contract

Samples: Equity Pledge Agreement (American Mold Guard Inc)

Defense of Title. Warrant and defend title to and ownership of or rights in the Pledged Collateral (except as otherwise permitted under the Credit Agreement and the other Loan Documents) of such Obligor at its own expense against the claims and demands of all other parties claiming an interest therein; , keep the Pledged Collateral free from all liensLiens, other than except for Liens permitted by the liens created under this Agreement; Credit Agreement and not sell, exchange, transfer, assign, lease or otherwise dispose of Pledged the Collateral of such Obligor or any interest therein, except as permitted upon the Pledgor’s receipt of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase NotesCredit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Brookdale Senior Living Inc.)

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral at its own expense against the claims and demands of all other parties claiming an interest therein; , keep the Pledged Collateral free from all liensLiens, other than the liens created under this Agreement; except for Permitted Liens, and not sell, exchange, transfer, convey, assign, lease or otherwise dispose of Pledged its rights in or to the Collateral or any interest thereintherein nor create, except as permitted upon the Pledgor’s receipt incur or permit to exist any Lien whatsoever with respect to any of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase Notesproceeds thereof other than that created hereby.

Appears in 1 contract

Samples: Equity Pledge Agreement (PetroAlgae Inc.)

Defense of Title. Warrant and defend title to and ownership of the Pledged Collateral at its own expense against the claims and demands of all other parties claiming an interest therein; , keep the Pledged Collateral free from all liensLiens, other than the liens created under this Agreement; except for Permitted Liens, and not sell, exchange, transfer, assign, lease or otherwise dispose of Pledged the Collateral or any interest therein, except as permitted upon the Pledgor’s receipt of the Pledgees’s written consent to transfer the subject Pledged Collateral or as otherwise permitted under the Purchase NotesSecurity Agreement.

Appears in 1 contract

Samples: Equity Pledge Agreement (Elandia International Inc.)

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