Common use of Limitation on Liens on Collateral Clause in Contracts

Limitation on Liens on Collateral. Grantor shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except (a) Permitted Liens and (b) the Lien granted to Secured Party under this Security Agreement.

Appears in 18 contracts

Samples: Loan Agreement (Biocept Inc), Note and Warrant Purchase Agreement (Biocept Inc), Security Agreement (Biocept Inc)

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Limitation on Liens on Collateral. Grantor shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except (a) Permitted Liens and (b) the Lien granted to the Secured Party Parties under this Security Agreement.

Appears in 11 contracts

Samples: Security Agreement (Oncobiologics, Inc.), Security Agreement (ARYx Therapeutics, Inc.), Security Agreement (Local Matters Inc.)

Limitation on Liens on Collateral. Grantor shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except (a) Permitted Liens and (b) the Lien granted to Secured Party the Agent under this Security Agreement.

Appears in 3 contracts

Samples: Security Agreement (Crystal International Travel Group, Inc.), Security Agreement (Mobile Reach International Inc), Security Agreement (Crystal International Travel Group, Inc.)

Limitation on Liens on Collateral. Except as provided in paragraph (f) below, the Grantor shall not, directly or indirectly, will not create, incur or permit or suffer to exist, and shall will defend at its own expense the Collateral against against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, except (a) Permitted Liens and (b) will defend the Lien granted right, title and interest of the Secured Parties in and to Secured Party under this Security Agreementany of the Collateral against the claims and demands of all persons whomsoever.

Appears in 3 contracts

Samples: Patent and Trademark Security Agreement (Alliance Pharmaceutical Corp), Patent and Trademark Security Agreement (Photogen Technologies Inc), Patent and Trademark Security Agreement (Photogen Technologies Inc)

Limitation on Liens on Collateral. Grantor shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral and the Intellectual Property against and take such other action as is necessary to remove, any Lien on the CollateralCollateral or Intellectual Property, except (a) Permitted Liens and (b) the Lien granted to the Secured Party Parties under this Security Agreement.

Appears in 2 contracts

Samples: Security Agreement (IronNet, Inc.), Security Agreement (IronNet, Inc.)

Limitation on Liens on Collateral. Grantor shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except (a) Permitted Liens and (b) the Lien granted to the Secured Party under this Security Agreement.

Appears in 1 contract

Samples: Loan Agreement (Vaxgen Inc)

Limitation on Liens on Collateral. The Grantor shall not, directly or indirectly, create, permit or suffer to exist, and the Grantor shall take commercially reasonable actions to defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except (a) Permitted Liens and Liens, (b) the Lien granted to the Secured Party under this Security AgreementAgreement and (c) the liens listed on Schedule A .

Appears in 1 contract

Samples: Bridge Loan Agreement (Vector Ventures Corp.)

Limitation on Liens on Collateral. The Grantor shall not, directly or indirectly, not create, permit or suffer to exist, and shall defend the Collateral against and shall take such other action as is necessary to remove, any Lien on the Collateral, Collateral except Liens permitted under Section 8.2 (a) Permitted Liens and (b) the Lien granted to Secured Party under this Security Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hughes Electronics Corp)

Limitation on Liens on Collateral. Grantor shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except (a) Permitted Liens and (b) the Lien granted to Secured Party under this Security Agreement. Grantor shall further defend the right, title and interest of Secured Party in and to any of Grantor’s rights under the Collateral against the claims and demands of all persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Mikohn Gaming Corp)

Limitation on Liens on Collateral. Except as provided in paragraph (f) below, the Grantor shall not, directly or indirectly, will not create, incur or permit or suffer to exist, and shall will defend at its own expense the Collateral against against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, except (a) Permitted other than the Prior Liens and (b) the Lien granted Debenture Liens, and will defend the right, title and interest of the Collateral Agent for the benefit of the Secured Parties in and to Secured Party under this Security Agreementany of the Collateral against the claims and demands of all persons whomsoever, other than the Prior Lienholders and the holders of the Debenture Liens.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Alliance Pharmaceutical Corp)

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Limitation on Liens on Collateral. Grantor shall not, directly or indirectly, create, permit or suffer to exist, and shall take commercially reasonable actions to defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except (a) Permitted Liens and (b) the Lien granted to the Secured Party Parties under this Security Agreement.

Appears in 1 contract

Samples: Security Agreement (Neorx Corp)

Limitation on Liens on Collateral. Neither Grantor shall notshall, directly or indirectly, create, permit or suffer to exist, and each Grantor shall take commercially reasonable actions to defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except (a) Permitted Liens and Liens, (b) the Lien granted to the Secured Party Parties under this Security Agreement.Agreement and (c) the liens listed on Schedule A.

Appears in 1 contract

Samples: Security Agreement (Bioject Medical Technologies Inc)

Limitation on Liens on Collateral. Grantor shall not, directly or indirectly, create, permit or suffer to exist, and shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except (a) Permitted Liens and (b) the Lien granted to Secured Party under this Security Agreement. Grantor shall further defend the right, title and interest of Secured Party in and to any of Grantor’s rights in the Collateral against the claims and demands of all persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (ZP Holdings Inc)

Limitation on Liens on Collateral. Neither Grantor shall notshall, directly or indirectly, create, permit or suffer to exist, and each Grantor shall take commercially reasonable actions to defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except (a) Permitted Liens and Liens, (b) the Lien granted to the Secured Party under this Security AgreementAgreement and (c) the liens listed on Schedule A .

Appears in 1 contract

Samples: Security Agreement (Platinum Research Organization, Inc.)

Limitation on Liens on Collateral. Grantor shall not, directly or indirectly, not create, permit or suffer to exist, and shall defend the Collateral against and take such other action as is necessary to remove, any Lien lien on the CollateralCollateral except Permitted Encumbrances, except (a) Permitted Liens and (b) shall defend the Lien granted to right, title and interest of Secured Party in and to any of Grantor’s rights under this Security Agreementthe Collateral.

Appears in 1 contract

Samples: Security Agreement (Secured Principal LLC)

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