Common use of General Collateral Representation Clause in Contracts

General Collateral Representation. (a) Each Borrower and each Subsidiary of a Borrower (i) is the sole owner of and has good and marketable title to its Loan Collateral (exclusive of that Property for which it has only a leasehold estate), free from all Liens in favor of any Person other than those in favor of Agent and except any Permitted Liens and (ii) has full right and power to grant to Agent a security interest therein. All information furnished to Agent concerning the Loan Collateral is and will be complete, accurate and correct in all material respects when furnished.

Appears in 2 contracts

Samples: Credit Agreement (Industrial Services of America Inc /Fl), Credit Agreement (Industrial Services of America Inc /Fl)

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General Collateral Representation. (a) Each Borrower and each Subsidiary of a Borrower (i) or the respective Subsidiary, as applicable, is the sole owner of and has good and marketable title to its Loan Collateral (exclusive of that Property for which it has only a leasehold estate)the Collateral, free from all Liens Liens, in favor of any Person other than those in favor of the Agent and except any Permitted Liens Liens, and (ii) has full right and power to grant to the Agent a security interest therein. All information furnished to the Agent concerning the Loan Collateral is and will be complete, accurate and correct in all material respects when furnished.

Appears in 1 contract

Samples: Credit Agreement (Clearview Cinema Group Inc)

General Collateral Representation. (a) Each of the --------------------------------- Borrower and each Subsidiary of a Borrower (i) is its Subsidiaries at all times will be the sole owner of and has have good and marketable title to its Loan Collateral (exclusive of that Property for which it has only a leasehold estate)the Collateral, free from all Liens Liens, in favor of any Person other than those in favor of Agent the Permitted Liens, and except any Permitted Liens and (ii) has have full right and power to grant to Agent the Lender a security interest therein. All information furnished to Agent the Lender concerning the Loan Collateral is and will be complete, accurate and correct in all material respects when furnished.;

Appears in 1 contract

Samples: Revolving Credit Agreement (Senetek PLC /Eng/)

General Collateral Representation. (a) Each The Borrower is and each Subsidiary of a Borrower (i) is at all times will be the sole owner of and has have good and marketable title to its Loan Collateral (exclusive of that Property for which it has only a leasehold estate)the Collateral, free from all Liens Liens, in favor of any Person other than those in favor of Agent the Permitted Liens, and except any Permitted Liens and (ii) has full right and power to grant to Agent the Lender a security interest therein. All information furnished to Agent the Lender concerning the Loan Collateral is and will be complete, accurate and correct in all material respects when furnished.;

Appears in 1 contract

Samples: Loan and Security Agreement (Lp Innovations Inc)

General Collateral Representation. (a) Each The Borrower and each Subsidiary of a Borrower (i) is the sole owner of and has good and marketable title to its Loan any real property purported to be owned by it and good title to the other Collateral (exclusive consisting of that Property for which it has only a leasehold estate)personal property, free from all Liens in favor of any Person Person, other than those in favor of the Agent and except any for Permitted Liens Liens; and (ii) has full right and power to grant to the Agent a security interest therein. Borrower does not own any fee interest in any real property. All information furnished to the Agent concerning the Loan Collateral is and will be complete, accurate and correct in all material respects when furnished.;

Appears in 1 contract

Samples: Credit Agreement (Us Home & Garden Inc)

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General Collateral Representation. (a) Each Borrower and each Subsidiary of a Borrower (i) is the sole owner of and has good and marketable title to its Loan Collateral (exclusive of that Property for which it has only a leasehold estate)Collateral, free from all Liens Liens, in favor of any Person other than those in favor of the Agent and except any Permitted Liens Liens, and (ii) has full right and power to grant to the Agent a security interest therein. All information furnished to the Agent concerning the Loan Collateral is and will be complete, accurate and correct in all material respects when furnished.

Appears in 1 contract

Samples: Credit Agreement (Roma Fort Worth Inc)

General Collateral Representation. (a) Each Borrower and each Subsidiary of a Borrower (i) is the sole owner of and has good and marketable title to its Loan Collateral (exclusive of that Property for which it has only a leasehold estate)Collateral, free from all Liens in favor of any Person other than those in favor Agent, for the benefit of Agent Lenders, and except any Permitted Liens Liens, and (ii) has full right and power to grant to Agent a security interest therein. All information furnished to Agent concerning the Loan Collateral is and will be complete, accurate and correct in all material respects when furnished.

Appears in 1 contract

Samples: Loan Agreement (Omega Healthcare Investors Inc)

General Collateral Representation. (a) Each Borrower and each Subsidiary of a Borrower (i) is the sole owner of and has good and marketable title to its Loan Collateral (exclusive of that Property for which it has only a leasehold estate)the Collateral, free from all Liens Liens, in favor of any Person other than those in favor of the Agent and except any Permitted Liens Liens, and (ii) has full right and power to grant to the Agent a security interest therein. All information furnished to the Agent concerning the Loan Collateral is and will be complete, accurate and correct in all material respects when furnished.. AMENDED AND RESTATED TERM LOAN AGREEMENT Baldxxx Xxxno & Organ Company

Appears in 1 contract

Samples: Term Loan Agreement (Baldwin Piano & Organ Co /De/)

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