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

Good Title; No Existing Encumbrances. Except with respect to any Permitted Encumbrances, Borrower owns the Inventory Collateral free and clear of any prior Lien, and no financing statements or other evidences of the grant of a security interest respecting the Inventory 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. Except Borrower owns the Collateral free ------------------------------------ and clear of any prior Lien thereon other than with respect to any Permitted Encumbrances, Borrower owns the Inventory Collateral free and clear of any prior Lien, Encumbrances and no financing statements or other evidences of the grant of a security interest respecting the Inventory 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 (Us Xpress Enterprises Inc)

Good Title; No Existing Encumbrances. Except with respect to any Permitted Encumbrances, Borrower owns the Inventory Collateral free and clear of any prior Lien, and no financing statements or other evidences of the grant of a security interest respecting the Inventory 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. Except with respect to any Permitted Encumbrances, each Borrower owns the Inventory Collateral free and clear of any prior Lien, and no financing statements or other evidences of the grant of a security interest respecting the Inventory 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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