Common use of Intangible Collateral Clause in Contracts

Intangible Collateral. The Intangible Collateral represents bona fide and existing indebtedness, obligations, liabilities, rights and privileges owed or belonging to Debtor to which, to the best of Debtor's knowledge, there is no valid defense, set-off or counterclaim against Debtor and in connection with which there is no default with respect to any payment or performance on the part of Debtor, or, to the best of Debtor's knowledge, of any other party which would have a Material Adverse Effect.

Intangible Collateral. The Intangible Collateral represents bona fide and existing indebtedness, obligations, liabilities, rights and privileges owed or belonging to Debtor to which, to the best of Debtor's knowledge, there is no valid defense, set-off or counterclaim against Debtor and in connection with which there is no default with respect to any payment or performance on the part of Debtor, or, to the best of Debtor's knowledge, of any other party which would have a Material Adverse Effectparty.

Intangible Collateral. The Intangible Collateral represents bona fide and existing indebtedness, obligations, liabilities, rights and privileges owed or belonging to Debtor to which, to the best of Debtor's knowledge, there is no valid defense, set-off or counterclaim against Debtor and in connection with which there is no default with respect to any material payment or material performance on the part of Debtor, or, to the best of Debtor's knowledge, of any other party which would have a Material Adverse Effectparty.

Intangible Collateral. The Intangible Collateral in which a security interest is granted by Debtor hereunder represents bona fide and existing indebtedness, obligations, liabilities, rights and privileges owed or belonging to Debtor to which, to the best of Debtor's knowledge, there is no valid defense, set-off or counterclaim against Debtor and in connection with which there is no default with respect to any material payment or material performance on the part of Debtor, or, to the best of Debtor's knowledge, of any other party which would have a Material Adverse Effectparty.

Intangible Collateral. The Intangible Collateral represents bona fide and existing indebtedness, obligations, liabilities, rights and privileges owed or belonging to such Debtor to which, to the best of such Debtor's knowledge, there is no valid defense, set-off or counterclaim against such Debtor and in connection with which there is no default with respect to any material payment or material performance on the part of such Debtor, or, to the best of such Debtor's knowledge, of any other party which would have a Material Adverse Effectparty.