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

Good Title; No Existing Encumbrances. Borrower owns the Property Collateral free and clear of any and all prior security interests, liens or encumbrances thereon other than any Permitted Encumbrances, and no financing statements or other evidence of the grant of a security interest respecting the Property Collateral exist on the public records as of the date hereof other than any evidencing the Permitted Encumbrances.

Appears in 2 contracts

Samples: Term Loan Agreement (Cyanotech Corp), Term Loan Agreement (Cyanotech Corp)

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Good Title; No Existing Encumbrances. Borrower owns the Property Collateral free and clear of any and all prior security interestsinterest, liens lien or encumbrances encumbrance thereon other than any in favor of Lender other than Permitted Encumbrances, and no financing statements statements, registration statements, certificates of title or other evidence evidences of the grant of a security interest respecting the Property Collateral exist on the any public records as of the date hereof hereof, other than any evidencing the Permitted Encumbrancesin favor of Lender.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Triumph Fuels Corp)

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Good Title; No Existing Encumbrances. Borrower owns or Guarantors own the Property Collateral free and clear of any and all prior security interests, liens or encumbrances thereon other than any Permitted Encumbrances, and no financing statements or other evidence of the grant of a security interest respecting the Property Collateral exist on the public records as of the date hereof other than any evidencing the Permitted Encumbrances.

Appears in 1 contract

Samples: Term Loan Agreement (Adcare Health Systems Inc)

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