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 each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted Encumbrances, 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 13 contracts

Samples: Security Agreement (RathGibson Inc), Credit Agreement (Agway Inc), Credit Agreement (Agway Inc)

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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 EncumbrancesLiens, 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 6 contracts

Samples: Omnibus Amendment and Reaffirmation of Existing Ancillary Documents (Conns Inc), Security Agreement (Conns Inc), Security Agreement (Americas Carmart Inc)

Limitation on Liens on Collateral. No Grantor will not 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 EncumbrancesLiens, 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 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 each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens 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 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 each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, 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 (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 each Grantor 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 EncumbrancesCollateral, 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 each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, 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 2 contracts

Samples: Security Agreement (Americas Carmart Inc), Security Agreement (Americas Carmart 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 EncumbrancesLiens, 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 (Mail Well Inc), Security Agreement (Mail Well Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor 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 EncumbrancesLiens 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 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 each Grantor will defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens 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 1 contract

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

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor 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 EncumbrancesLiens 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 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 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 EncumbrancesLiens, 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: General Security Agreement (United Maritime Group, LLC)

Limitation on Liens on Collateral. No Grantor will not 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 EncumbrancesLiens, 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: Omnibus Amendment and Reaffirmation of Existing Ancillary Documents (Conns Inc)

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

Appears in 1 contract

Samples: General Security Agreement (Hutchinson Products Corp)

Limitation on Liens on Collateral. No Each Grantor will not 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 EncumbrancesLiens, 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 (Umt Holdings Lp)

Limitation on Liens on Collateral. No Grantor will shall create, permit or suffer to exist, and each Grantor will shall defend the Collateral against, and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and will shall 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: 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 Encumbrances, and will defend the right, title and interest of Administrative Agent, Revolver 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 (Hi Rise Recycling Systems 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 EncumbrancesLiens, and will defend the right, title and interest of Agent and Lenders the Lender 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: Credit Agreement (Remedytemp Inc)

Limitation on Liens on Collateral. No Grantor will create, permit or suffer to exist, and each Grantor 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 EncumbrancesLiens, and will defend the right, title and interest of the Agent and the Lenders in and to any of such Grantor'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 not 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 EncumbrancesLiens, 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: Security Agreement (3com Corp)

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Limitation on Liens on Collateral. No Grantor will not 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 Encumbrances, and will defend the right, title and interest of Agent and Lenders in and to any of such Grantor's rights under in respect of the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

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

Limitation on Liens on Collateral. No Grantor will not create, permit permit, or suffer to exist, and each Grantor will defend the Collateral against, against and take such other action as is necessary to remove, any Lien on the Collateral except Permitted EncumbrancesLiens, and will defend the right, title title, and interest of Agent and Lenders Holders 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 (National Coal Corp)

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 EncumbrancesLiens, 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 (Flag Telecom Group LTD)

Limitation on Liens on Collateral. No Grantor Grantors will not 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 EncumbrancesLiens, and will defend the right, title and interest of Administrative Agent and Lenders in and to any of such each Grantor's rights under the Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Westpoint Stevens 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 Encumbrances, 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 (RBC Bearings INC)

Limitation on Liens on Collateral. No Each Grantor will not create, incur or permit or suffer to exist, and each Grantor 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 EncumbrancesCollateral, 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 Encumbrances, 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 (Roller Bearing Co of America Inc)

Limitation on Liens on Collateral. No Each Grantor will not 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 EncumbrancesLiens, 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 (Acg Holdings Inc)

Limitation on Liens on Collateral. No Grantor The Grantors will not 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 EncumbrancesLiens 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 EncumbrancesLiens, and each Grantor 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: Security Agreement (Lakes Entertainment 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 EncumbrancesLiens, 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 (Americas Carmart Inc)

Limitation on Liens on Collateral. No Grantor The Grantors will not 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 EncumbrancesLiens, 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/)

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