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

Good Title; No Existing Encumbrances. The Grantors own the Collateral free and clear of any prior Lien, and no financing statements or other evidences of the grant of a security interest respecting the Collateral exist on the public records.

Good Title; No Existing Encumbrances. The Grantors own Grantor owns the Collateral free and clear of any prior Lienlien, and no financing statements or other evidences of the grant of a security interest respecting the Collateral exist on the public records.