Grantors’ Title. Except for the security interests granted hereunder, each Grantor is, as to all Collateral presently owned, and shall be as to all Collateral hereafter acquired, the owner or in the case of leased or licensed assets, the lessee or licensee, of said Collateral free from any Lien other than Permitted Liens.
Appears in 4 contracts
Samples: Security Agreement (Ipass Inc), Amended and Restated Security Agreement (Vishay Precision Group, Inc.), Security Agreement (New Enterprise Stone & Lime Co., Inc.)
Grantors’ Title. Except for the security interests granted hereunder, each Grantor is, as to all Collateral presently owned, and shall be as to all Collateral hereafter acquired, the owner or or, in the case of leased or licensed assets, the lessee or licensee, of said Collateral free from any Lien other than Permitted LiensLiens (as defined in the Notes).
Appears in 3 contracts
Samples: Security Agreement (Security Devices International Inc.), Security Agreement, Security Agreement (Nestor Inc)
Grantors’ Title. Except for the security interests granted hereunder, each Grantor is, as to all Collateral presently owned, and shall be as to all Collateral hereafter acquired, the owner or in the case of leased or licensed assets, the lessee or licensee, of said Collateral free and clear from any Lien other than Permitted Liensliens, security interests, encumbrances or adverse claims.
Appears in 2 contracts
Samples: Security Agreement (Universal Property Development & Acquisition Corp), Security Agreement (Heartland Oil & Gas Corp)
Grantors’ Title. Except for the security interests granted hereunder, each Grantor is, as to all Collateral presently owned, and shall be as to all Collateral hereafter acquired, the owner or or, in the case of leased or licensed assets, the lessee or licensee, of said Collateral free from any Lien other than Permitted LiensLiens (as defined in the Notes) and such Liens as will be discharged on the Closing Date in connection with repayment of indebtedness as contemplated by Section 7(m) of the Securities Purchase Agreement.
Appears in 2 contracts
Samples: Security Agreement (Nestor Inc), Securities Purchase Agreement (Nestor Inc)
Grantors’ Title. Except for the security interests granted hereunder, each Grantor is, as to all Collateral presently owned, and shall be as to all Collateral hereafter acquired, the owner or or, in the case of leased or licensed assets, the lessee or licensee, of said Collateral free from any Lien other than Permitted LiensLiens (as defined in the Trust Indenture).
Appears in 1 contract
Samples: Security Agreement (Security Devices International Inc.)
Grantors’ Title. Except for the security interests granted hereunder, each Grantor is, as to all Collateral presently owned, and shall be as to all Collateral hereafter acquired, the owner or in the case of leased or licensed assets, the lessee or licensee, of said Collateral free from any Lien other than Permitted Liens.Lien. Grantor has not acquired any of the Collateral except in the ordinary course of its business. (d)
Appears in 1 contract
Samples: Master Services Agreement
