Common use of Good Title; No Existing Encumbrances Clause in Contracts

Good Title; No Existing Encumbrances. Borrower owns the Equipment Collateral free and clear of any prior Lien thereon other than with respect to any Permitted Encumbrances and no financing statements or other evidences of the grant of a security interest respecting the Equipment Collateral exist on the public records as of the date hereof other than any evidencing any Permitted Encumbrances.

Appears in 2 contracts

Samples: Loan and Security Agreement (DSG International LTD), Loan and Security Agreement (DSG International LTD)

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Good Title; No Existing Encumbrances. Borrower owns the Equipment Collateral and Fixtures Collateral free and clear of any prior Lien thereon other than with respect to any Permitted Encumbrances security interest, lien or encumbrance, and no financing statements or other evidences of the grant of a security interest respecting the Equipment Collateral and Fixtures Collateral exist on the public records as of the date hereof other than any evidencing any the Permitted Encumbrances, and other than financing statements that will be paid off and canceled of record, with proceeds of this Term Loan.

Appears in 1 contract

Samples: Term Loan Agreement (Cyanotech Corp)

Good Title; No Existing Encumbrances. Borrower owns the Equipment Collateral and Fixtures Collateral free and clear of any prior Lien thereon other than with respect to any Permitted Encumbrances security interest, lien or encumbrance, and no financing statements or other evidences of the grant of a security interest respecting the Equipment Collateral and Fixtures Collateral exist on the public records as of the date hereof other than any evidencing any the Permitted Encumbrances, and other than financing statements that will be paid off and canceled of record, with proceeds of this Loan.

Appears in 1 contract

Samples: Term Loan Agreement (Cyanotech Corp)

Good Title; No Existing Encumbrances. Each Borrower owns the its Equipment Collateral free and clear of any prior Lien thereon other than with respect to any Permitted Encumbrances and no financing statements or other evidences of the grant of a security interest respecting the Equipment Collateral exist on the public records as of the date hereof other than any evidencing any Permitted Encumbrances.

Appears in 1 contract

Samples: Loan and Security Agreement (Innotrac Corp)

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Good Title; No Existing Encumbrances. Borrower owns the its Equipment Collateral free and clear of any prior Lien thereon other than with respect to any Permitted Encumbrances and no financing statements or other evidences of the grant of a security interest respecting the Equipment Collateral exist on the public records as of the date hereof other than any evidencing any Permitted Encumbrances.

Appears in 1 contract

Samples: Loan and Security Agreement (Innotrac Corp)

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