Except for Permitted Liens. Borrower owns and has good title to all of Borrower's properties free and clear of all Security interests and has not executed any security documents or financing statements relating to such properties. All of Borrower's properties are listed in Borrower's legal name, and Borrower has not used, or filed a financing statement under, any other name since March 31, 1996. Additionally, Borrower and Borrower's real and personal properties comply fully with all laws, ordinances, statutes, codes and requirements of the Americans with Disabilities Act of 1990.
Except for Permitted Liens all of the properties and assets of Borrower and each REO Affiliate are free and clear of all mortgages, liens, encumbrances, and other adverse claims of any nature and Borrower and each REO Affiliate have and will have good and indefeasible title to their respective properties and assets.
Except for Permitted Liens. The Borrower shall not and shall not permit its Subsidiaries to make or enter into any agreement (other than agreements with the Administrative Agent for the benefit of the Agent and the Lenders) for the benefit of any Person not to grant Liens, except for such agreements existing on the date hereof and relating to the Liens set forth in Schedule 1.1 and the ------------ Indebtedness set forth on Schedule 5.1. ------------
Except for Permitted Liens. Each Grantor is the sole owner of its rights in the Collateral, free and clear of any Liens (other than Permitted Liens) and is fully authorized to grant the Security Interest in and to pledge the Collateral. There is not on file in any governmental or regulatory authority, agency or recording office an effective financing statement, security agreement or transfer or any notice of any of the foregoing (other than those that have been filed in favor of the Secured Parties pursuant to this Agreement or in connection with Permitted Liens) covering or affecting any of the Collateral. So long as this Agreement shall be in effect, no Grantor shall execute or authorize the filing of in any such office or agency any such financing statement or other document or instrument (except to the extent filed or recorded in favor of the Secured Parties pursuant to the terms of this Agreement or in connection with Permitted Liens) without the consent of the Secured Parties.
Except for Permitted Liens the Borrower has not created, and is not under any obligation to create, any Lien upon any of its revenues, properties or assets. There are no Liens on the Pledged Equity Interests, except for Permitted Liens.
Except for Permitted Liens a Borrower shall at all times be the sole owner of each and every item of Collateral and shall not create any Lien on, or sell, lease, exchange, assign, transfer, pledge, hypothecate, grant a security interest or security title in or otherwise dispose of, any of the Collateral or any interest therein, except as otherwise expressly contemplated herein or in the Security Document. Except as otherwise provided in the Security Documents, Borrowers shall be allowed to sell Inventory in the ordinary course of business.
Except for Permitted Liens. Borrower owns and has good title to all of Borrower's properties free and clear of all Security Interests, and has not executed any security documents or financing statements relating to such properties. All of Borrower's properties are titled in Borrower's legal name, and Borrower has not used, or filed a financing statement under, any other name for at least the last five (5) years.
Except for Permitted Liens the Borrower shall not directly or indirectly permit to exist any Liens with respect to any of its assets except with the prior written consent of the Bank.
Except for Permitted Liens. Holdings and Borrower will not, and will not permit any of their Subsidiaries to, directly or indirectly create, incur, assume or permit to exist any Lien on or with respect to any of the assets of such Person or any proceeds, income or profits therefrom.
Except for Permitted Liens the Borrower shall not pledge, grant a security interest in, mortgage, assign, encumber or otherwise create a lien on any of its (i) Intellectual Property Rights, or (ii) Equipment (to the extent not pledged to Lender as of the date hereof), in each case whether now owned or hereafter acquired, unless in favor of the Lender or any other Secured Party.
