Limitation on Liens on Collateral. Not create, incur or permit to exist, will defend the Collateral against, and take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Permitted Liens, and will defend the right, title and interest of the Lender in and to any of the Collateral against the claims and demands of all Persons whomsoever.
Appears in 3 contracts
Samples: Secured Credit Facility and Warrant Purchase Agreement (Environmental Tectonics Corp), Secured Credit Facility and Warrant Purchase Agreement (Environmental Tectonics Corp), Security Agreement (Environmental Tectonics Corp)
Limitation on Liens on Collateral. Not It shall not, directly or indirectly, create, incur permit or permit suffer to exist, will and shall defend the Collateral against, against and take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the except Permitted Liens, and will defend the right, title and interest of the Lender in and to any of the Collateral against the claims and demands of all Persons whomsoever.
Appears in 3 contracts
Samples: Security Agreement (Local Matters Inc.), Security Agreement (Local Matters Inc.), Security Agreement (Local Matters Inc.)
Limitation on Liens on Collateral. Not create, incur or permit to exist, will defend the Collateral against, and take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Permitted Liens, and will defend the right, title and interest of the Lender Administrative Agent, the Lenders and the other Secured Parties in and to any of the Collateral against the claims and demands of all Persons whomsoever.
Appears in 2 contracts
Samples: Security Agreement (West Pharmaceutical Services Inc), Credit Agreement (West Pharmaceutical Services Inc)
Limitation on Liens on Collateral. Not Except for Permitted Liens, the Obligor will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any Lien lien, security interest, pledge, mortgage, deed of trust, levy, attachment, claim or claim other charge or encumbrance on or to the Collateral, other than the Permitted Liens, and will defend the right, title and interest of the Lender in and to any of the Collateral against the claims and demands of all Persons whomsoeverpersons or entities whatsoever.
Appears in 2 contracts
Samples: Asset Purchase and License Agreement (Civitas Therapeutics, Inc.), Asset Purchase and License Agreement (Civitas Therapeutics, Inc.)
Limitation on Liens on Collateral. Not Obligor will not create, incur permit or permit suffer to exist, and will defend the Collateral against, against and take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Collateral except Permitted Liens, and will defend the right, title and interest of the Lender Collateral Agent in and to any of Obligor's rights under the Collateral Chattel Paper, Contracts, Documents, General Intangibles and Instruments and to the Equipment and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.
Appears in 1 contract
Limitation on Liens on Collateral. Not The Obligors will not create, incur permit or permit suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien or claim on or to the Collateral, Collateral except Permitted Liens and other than the Permitted LiensLiens permitted under Section 8.18, and will defend the right, title and interest of the Lender Agent and the Lenders in and to any of the Obligors’ rights under the Collateral against the claims and demands of all Persons whomsoever.
Appears in 1 contract
Samples: Credit and Security Agreement (PSS World Medical Inc)
Limitation on Liens on Collateral. Not create, incur or permit to exist, will defend the Collateral against, and take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Permitted Liens, and will defend the right, title and interest of the Lender Bank in and to any of the Collateral against the claims and demands of all Persons whomsoever.
Appears in 1 contract
Limitation on Liens on Collateral. Not create, incur or permit to exist, will defend the Collateral against, and take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Permitted LiensLiens created hereby and other than as permitted pursuant to the Credit Agreement, and will defend the right, title and interest of the Lender Agent and the Banks in and to any of the Collateral against the claims and demands of all Persons whomsoever.
Appears in 1 contract
