Holder’s Representations. The Holder represents and warrants to the Borrower that the Note(s), and the right to collect the debts underlying the Note(s), belongs solely to the Holder and is free and clear of any liens other than encumbrances. Holder further represents that it is solvent and is not currently in any litigation, bankruptcy or other proceedings that could prevent the Holder from cancelling the debts underlying the Note(s).
Appears in 9 contracts
Samples: Cancellation of Indebtedness Agreement (Creative Medical Technology Holdings, Inc.), Cancellation of Indebtedness Agreement (Creative Medical Technology Holdings, Inc.), Cancellation of Indebtedness Agreement (Creative Medical Technology Holdings, Inc.)