Common use of Limitation on Liens on Collateral Clause in Contracts

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 6 contracts

Samples: Pledge Agreement (Conns Inc), Security Agreement (Conns Inc), Security Agreement (Americas Carmart Inc)

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Limitation on Liens on Collateral. No The Grantor will not create, permit or suffer to exist, and will defend the Collateral against, against and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liensthe Liens created under this Agreement and the other Loan Documents, and will defend the right, title and interest of the Collateral Agent and Lenders the other Secured Parties in and to any of such the Grantor’s 's rights in and under the Collateral and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 3 contracts

Samples: BMC Security Agreement (Homeside Lending Inc), Security Agreement (Homeside Lending Inc), Security Agreement (Homeside Lending Inc)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest interests of Agent and Lenders each of the Secured Parties in and to any of such Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 3 contracts

Samples: Security Agreement (Concepts Direct Inc), Security Agreement (St Cloud Capital Partners Lp), Security Agreement (Concepts Direct Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted LiensLiens permitted by Section 7.10(b) of the Credit Agreement, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Ann Inc.), Pledge and Security Agreement (Anntaylor Stores Corp)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Collateral Agent and Lenders in and to any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Americas Carmart Inc), Security Agreement (Americas Carmart Inc)

Limitation on Liens on Collateral. No Such Grantor will not create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on any of the Collateral except Permitted LiensEncumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Golfsmith International Holdings Inc), Security Agreement (Aas Capital Corp)

Limitation on Liens on Collateral. No The Grantor will not create, incur or permit or suffer to exist, and will defend at its own expense the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted Collateral, other than the Prior Liens, and will defend the right, title and interest of Agent and Lenders the Secured Parties in and to any of such Grantor’s rights under the Collateral against the claims and demands of all Persons persons whomsoever, other than the Prior Lienholders.

Appears in 2 contracts

Samples: General Collateral Security Agreement (Alliance Pharmaceutical Corp), Debenture Imagent Security Agreement (Alliance Pharmaceutical Corp)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Americas Carmart Inc), Security Agreement (Americas Carmart Inc)

Limitation on Liens on Collateral. No The Grantor will not create, incur or permit or suffer to exist, and will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted LiensCollateral, other than the Liens created hereby and other than as permitted pursuant to Section 6.3 of the Credit Agreement, and will defend the right, title and interest of the Administrative Agent and the Lenders in and to any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Credit Agreement (Aavid Thermal Technologies Inc), Credit Agreement (Aavid Thermal Technologies Inc)

Limitation on Liens on Collateral. No Grantor will create, --------------------------------- permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Mail Well Inc), Security Agreement (Mail Well Inc)

Limitation on Liens on Collateral. No Such Grantor will not create, permit or suffer to exist, and will defend the Collateral against, against and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Agent and Lenders Lender in and to any of such Grantor’s '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 2 contracts

Samples: Security Agreement (Cynet Inc), Security Agreement (Cynet Inc)

Limitation on Liens on Collateral. No Such Grantor will not create, permit permit, or suffer to exist, and will defend the Collateral against, against and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title title, and interest of Agent and Lenders Holders in and to any of such Grantor’s '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 2 contracts

Samples: Security and Pledge Agreement (Brilliant Digital Entertainment Inc), Security and Pledge Agreement (Brilliant Digital Entertainment Inc)

Limitation on Liens on Collateral. No Grantor The Grantors will not create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted LiensLiens permitted by Section 7.18 of the Credit Agreement, and will defend the right, title and interest of the Agent and the Lenders in and to any of such Grantor’s the Grantors' rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Enpro Industries Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted LiensEncumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoeverwhomsoever (other than the beneficiaries of the Permitted Encumbrances.

Appears in 1 contract

Samples: Security Agreement (Roller Bearing Co of America Inc)

Limitation on Liens on Collateral. No Each Grantor will not create, incur or permit or suffer to exist, and will defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral except Permitted LiensCollateral, other than the Liens created hereby and other than as permitted pursuant to the Credit Agreement, and will SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT defend the right, title and interest of the Collateral Agent and the Lenders in and to any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Credit Agreement (Gulfterra Energy Partners L P)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted LiensEncumbrances, and will defend the right, title and interest of Administrative Agent, Revolver Agent and Lenders in and to any of such Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Hi Rise Recycling Systems Inc)

Limitation on Liens on Collateral. No Grantor The Grantors will not create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of the Collateral Agent and the Lenders in and to any of such Grantor’s the Grantors’ rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Miller Industries Inc /Tn/)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and each Grantor will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Lakes Entertainment Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Collateral Agent and Lenders in and to any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: General Security Agreement (United Maritime Group, LLC)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Collateral Agent and Lenders in and to any of such Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Flag Telecom Group LTD)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted LiensLiens permitted by Section 7.10(b) of the Credit Agreement, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Pledge and Security Agreement (Taylor Ann Stores Corp)

Limitation on Liens on Collateral. No Grantor will not create, permit permit, or suffer to exist, and will defend the Collateral against, against and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title title, and interest of Agent and Lenders Holders in and to any of such Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (National Coal Corp)

Limitation on Liens on Collateral. No Each Grantor will not create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Agent and Lenders the Holders in and to any of such either of the Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Umt Holdings Lp)

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Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and will defend the Collateral and Equipment against, and take such other action as is necessary to remove, any Lien on the Collateral and Equipment except Permitted LiensLiens and other Liens not prohibited by the Loan Agreement, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s 's rights under the Collateral and Equipment against the claims and demands of all Persons whomsoever, except Permitted Liens and other Liens not prohibited by the Loan Agreement.

Appears in 1 contract

Samples: Security Agreement (Unova Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and will defend the Collateral and Equipment against, and take such other action as is necessary to remove, any Lien on the Collateral and Equipment except Permitted LiensLiens and other Liens not prohibited by the Credit Agreement, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s 's rights under the Collateral and Equipment against the claims and demands of all Persons whomsoever, except Permitted Liens and other Liens not prohibited by the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Unova Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Collateral Agent and Lenders in and to any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Americas Carmart Inc)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Pledge Agreement (Conns Inc)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted LiensEncumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s 's rights under in respect of the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Baldwin Canada Security Agreement (Baldwin Piano & Organ Co /De/)

Limitation on Liens on Collateral. No Grantor will not create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (3com Corp)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Agent and Lenders the Lender in and to any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Credit Agreement (Remedytemp Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and will defend the Collateral in which it has an interest against, and take such other action as is necessary to remove, any Lien on the such Collateral except Permitted Liens, and will defend the right, title and interest of the Agent and the Lenders in and to any of such Grantor’s 's rights under the such Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Gentek Inc)

Limitation on Liens on Collateral. No Grantor will shall create, permit or suffer to exist, and will each Grantor shall defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will shall defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Unifi Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted LiensEncumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoeverwhomsoever (other than the beneficiaries of the Permitted Encumbrances.

Appears in 1 contract

Samples: Security Agreement (RBC Bearings INC)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and will defend the Collateral in which it has an interest against, and take such other action as is necessary to remove, any Lien on the such Collateral except Permitted LiensLiens permitted under the Loan Agreement, and will defend the right, title and interest of the Administrative Agent and the Lenders in and to any of such Grantor’s 's rights under the such Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Gentek Inc)

Limitation on Liens on Collateral. No Each Grantor will not create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title and interest of Agent and Lenders the Holders in and to any of such either of the Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Acg Holdings Inc)

Limitation on Liens on Collateral. No Grantor Grantors will not create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and and, at Agent's request, will defend the right, title and interest of Agent and Lenders in and to any of such each Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Cone Mills Corp)

Limitation on Liens on Collateral. No Such Grantor will not create, permit permit, or suffer to exist, and will defend the Collateral against, against and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Liens, and will defend the right, title title, and interest of Agent and Lenders Holders in and to any of such Grantor’s 's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security and Pledge Agreement (National Coal Corp)

Limitation on Liens on Collateral. No Grantor The Grantors will not create, permit or suffer to exist, and will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted LiensLiens and other liens expressly permitted in the Credit Agreement, and will defend the right, title and interest of Agent and Lenders the Lender in and to any of such Grantor’s the Grantors' rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Spacelabs Medical Inc)

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