Common use of Limitation on Liens on Collateral Clause in Contracts

Limitation on Liens on Collateral. The Grantor shall 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 on the Collateral, except the Permitted Liens to the extent so permitted under the Credit Agreement. The Grantor shall further defend the right, title and interest of the Agent in and to any of the Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles, Instruments, Investment Property and Deposit Accounts and to the Equipment, Fixtures and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 3 contracts

Samples: Securities Pledge Agreement (Leap Wireless International Inc), Securities Pledge Agreement (Leap Wireless International Inc), Securities Pledge Agreement (Leap Wireless International Inc)

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Limitation on Liens on Collateral. The No Grantor shall 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 Collateral, except the Permitted Liens to the extent so permitted under the Credit AgreementLiens. The Each Grantor shall shall, jointly and severally, further defend the right, title and interest of the Administrative Agent in and to any of the any Grantor's ’s rights under the Chattel Paper, Contracts, Documents, General Intangibles, Instruments, Instruments and Investment Property and Deposit Accounts and to the Equipment, Fixtures Equipment and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 3 contracts

Samples: Security Agreement (IPC the Hospitalist Company, Inc.), Guaranty Agreement (American Commercial Lines Inc.), Security Agreement (Valueclick Inc/Ca)

Limitation on Liens on Collateral. The Grantor shall 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 on the Collateral, except the Permitted Liens to the extent so permitted under the Credit Agreement. The Grantor shall further defend the right, title and interest of the Agent Lender in and to any of the Grantor's ’s rights under the Collateral, including, the Accounts, Chattel Paper, Contracts, Documents, Equipment, Farm Products, Fixtures, General Intangibles, Instruments, Investment Property and Deposit Accounts and to the EquipmentProperty, Fixtures and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 3 contracts

Samples: Fourth Supplemental Security Agreement (Ml Macadamia Orchards L P), Security Agreement (Ml Macadamia Orchards L P), Security Agreement (Ml Macadamia Orchards L P)

Limitation on Liens on Collateral. The Such Grantor shall will not create, permit or suffer to exist, and shall will defend the Collateral against and take such other action as is necessary to remove, any Lien on the CollateralCollateral except Permitted Liens, except the Permitted Liens to the extent so permitted under the Credit Agreement. The Grantor shall further and will defend the right, title and interest of the Agent Administrative Agent, for its benefit and the ratable benefit of the Secured Parties, in and to any of the Grantor's ’s rights under the Chattel Paper, Contracts, Documents, General Intangibles, Instruments, Investment Property Intangibles and Deposit Accounts Instruments and to the Equipment, Fixtures Equipment and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Pledge Agreement (Quintana Energy Services Inc.), Pledge Agreement (Quintana Energy Services Inc.)

Limitation on Liens on Collateral. The No Grantor shall 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 Collateral, except the Permitted Liens to the extent so permitted under the Credit AgreementEncumbrances. The Each Grantor shall shall, jointly and severally, further defend the right, title and interest of the Administrative Agent in and to any of the any Grantor's ’s rights under the Chattel Paper, Contracts, Documents, General Intangibles, Instruments, Instruments and Investment Property and Deposit Accounts and to the Equipment, Fixtures 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 (West Marine Inc), Security Agreement (West Marine Inc)

Limitation on Liens on Collateral. The Grantor shall 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 on the Collateral, except the (a) Permitted Liens and (b) the Lien granted to the extent so permitted Lenders under the Credit this Security Agreement. The Grantor shall further defend the right, title and interest of the Agent Lenders in and to any of the Grantor's rights under the Contracts and Accounts or in the Deposit or under Chattel Paper, Contracts, Documents, General Intangibles, Instruments, Investment Property and Deposit Accounts and Instruments constituting or relating to the EquipmentCollateral, Fixtures 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 (Vanguard Airlines Inc \De\), Security Agreement (Vanguard Airlines Inc \De\)

Limitation on Liens on Collateral. The No Grantor shall not create, permit or suffer to exist, and each Grantor shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except the Permitted Liens to the extent so permitted under the Credit AgreementLiens. The Each Grantor shall shall, jointly and severally, further defend the right, title and interest of the Agent any Secured Party in and to any of the such Grantor's rights under the Collateral, including, without limitation, all Chattel Paper, Contracts, Documents, General Intangibles, InstrumentsPledged Instruments and Investment Property, Investment Property and Deposit Accounts and to the EquipmentInventory, Fixtures and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 2 contracts

Samples: Second Lien Security Agreement (Cinedigm Corp.), Security Agreement (Cinedigm Corp.)

Limitation on Liens on Collateral. The No Grantor shall not will create, permit or suffer to exist, and shall each Grantor will defend the Collateral against and take such other action as is necessary to remove, any Lien on the CollateralCollateral except Permitted Liens, except the Permitted Liens to the extent so permitted under the Credit Agreement. The Grantor shall further and will defend the right, title and interest of the Agent and the Lenders in and to any of the such Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles, Instruments, Investment Property Intangibles and Deposit Accounts Instruments (to the extent constituting Collateral) and to the Equipment, Fixtures and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Elder Beerman Stores Corp)

Limitation on Liens on Collateral. The Grantor shall 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 on the Collateral, Collateral except the Permitted Liens to the extent so permitted under the Credit AgreementEncumbrances. The Grantor shall further defend the right, title and interest of the Agent Lender in and to any of the Grantor's ’s rights under the Collateral, including, the Accounts, Chattel Paper, Contracts, Documents, Equipment, Farm Products, Fixtures, General Intangibles, Instruments, Investment Property and Deposit Accounts and to the EquipmentProperty, Fixtures and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoeverwhomsoever except the holders of Permitted Encumbrances.

Appears in 1 contract

Samples: Security Agreement (Ml Macadamia Orchards L P)

Limitation on Liens on Collateral. The No Grantor shall 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 Collateral, except the Permitted Liens to the extent so permitted under the Credit AgreementLiens. The Each Grantor shall shall, jointly and severally, further defend the right, title and interest of the Administrative Agent in and to any of the any Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles, Instruments, Instruments and Investment Property and Deposit Accounts and to the Equipment, Fixtures Equipment and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever, in each case to the extent constituting Collateral hereunder.

Appears in 1 contract

Samples: Security Agreement (Valueclick Inc/Ca)

Limitation on Liens on Collateral. The No Grantor shall not create, permit or suffer to exist, and each Grantor shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except the Customary Permitted Liens to the extent so permitted under the Credit AgreementLiens. The Each Grantor shall shall, jointly and severally, further defend the right, title and interest of the Agent any Secured Party in and to any of the such Grantor's ’s rights under the Chattel Paper, Contracts, Documents, General Intangibles, InstrumentsInstruments and Investment Property, Investment Property and Deposit Accounts and to the EquipmentEquipment and Inventory, Fixtures and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Cinedigm Corp.)

Limitation on Liens on Collateral. The No Grantor shall not will create, incur --------------------------------- or permit or suffer to exist, and shall each Grantor will take all commercially reasonable actions to defend the Collateral against against, and will take such other commercially reasonable action as is necessary to remove, any Lien or claim on or to the Collateral, except other than the Permitted Liens created hereby and other than as permitted pursuant to the extent so permitted under the Corporate Credit Agreement. The Grantor shall further , and will take all commercially reasonable actions to defend the right, title and interest of the Administrative Agent and the Secured Parties in and to any of the Grantor's rights under the Chattel Paper, Contracts, Documents, General Intangibles, Instruments, Investment Property and Deposit Accounts and to the Equipment, Fixtures and Inventory and in and to the Proceeds thereof Collateral against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Collateral Agreement (Sailors Inc)

Limitation on Liens on Collateral. The No Grantor shall not create, permit or suffer to exist, and each Grantor shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except the Customary Permitted Liens to the extent so permitted under the Credit AgreementLiens. The Each Grantor shall shall, jointly and severally, further defend the right, title and interest of the Agent any Secured Party in and to any of the such Grantor's ’s rights under the Chattel Paper, Pledged Contracts, Documents, General Intangibles, InstrumentsPledged Instruments and Investment Property, Investment Property and Deposit Accounts and to the EquipmentInventory, Fixtures and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Cinedigm Corp.)

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Limitation on Liens on Collateral. The Grantor shall 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 on the Collateral, except the (a) Permitted Liens and (b) the Lien granted to the extent so permitted Agent under the Credit this Security Agreement. The Grantor shall further defend the right, title and interest of the Agent in and to any of the Grantor's ’s rights under the Chattel Paperpledged chattel paper, ContractsContainer Related Agreements, Documentsdocuments, General Intangiblesgeneral intangibles, Instrumentsinstruments, Investment Property inventory and Deposit Accounts and to the Equipment, Fixtures and Inventory and in and to the Proceeds proceeds thereof against the claims and demands of all Persons whomsoeverwhomsoever (other than holders of Permitted Liens).

Appears in 1 contract

Samples: Credit Agreement (Textainer Group Holdings LTD)

Limitation on Liens on Collateral. The No Grantor shall not create, permit or suffer to exist, and each Grantor shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except the Permitted Liens to the extent so permitted under the Credit AgreementLiens. The Each Grantor shall further defend the right, title and interest of the Administrative Agent in and to any of the such Grantor's ’s rights under the Chattel Paper, Contracts, Documents, General Intangibles, Instruments, Instruments and Investment Property and Deposit Accounts and to the Equipment, Fixtures Equipment and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Sands Regent)

Limitation on Liens on Collateral. The No Grantor shall not will create, permit or suffer to exist, and shall each Grantor will defend the Collateral against and take such other action as is necessary to remove, any Lien on the CollateralCollateral except Permitted Liens, except the Permitted Liens to the extent so permitted under the Credit Agreement. The Grantor shall further and will defend the right, title and interest of the Agent and the Lenders in and to any of the such Grantor's rights under the Chattel Paper, Contracts, Documents, Equipment, General Intangibles, Instruments, Investment Property Intangibles and Deposit Accounts Instruments (to the extent constituting Collateral) and to the Equipment, Fixtures and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Elder Beerman Stores Corp)

Limitation on Liens on Collateral. The No Grantor shall not will create, permit or suffer to exist, and shall each Grantor will defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except the Permitted Liens to the extent so permitted under the Credit Agreement. The Grantor shall further and will defend the right, title and interest of the Administrative Agent and the Lenders in and to any of the such Grantor's rights under the Chattel Paper, ContractsContractual Obligations, Documents, General Intangibles, Instruments, Investment Property Intangibles and Deposit Accounts Instruments (to the extent constituting Collateral) and to the Equipment, Fixtures and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (National Steel Corp)

Limitation on Liens on Collateral. The No Grantor shall not create, permit or suffer to exist, and each Grantor shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except the Permitted Liens to the extent so permitted under the Credit AgreementLiens. The Each Grantor shall shall, jointly and severally, further defend the right, title and interest of the Agent any Secured Party in and to any of the such Grantor's rights under the Collateral, including, without limitation, all Chattel Paper, Contracts, Documents, General Intangibles, InstrumentsPledged Instruments and Investment Property, Investment Property and Deposit Accounts and to the EquipmentInventory, Fixtures and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.. 5.5

Appears in 1 contract

Samples: Security Agreement

Limitation on Liens on Collateral. The No Grantor shall not create, permit or suffer to exist, and each Grantor shall defend the Collateral against and take such other action as is necessary to remove, any Lien on the Collateral, except the Permitted Liens to the extent so permitted under the Credit AgreementLiens. The Each Grantor shall shall, jointly and severally, further defend the right, title and interest of the Collateral Agent in and to any of the such Grantor's ’s rights under the Chattel Paper, Contracts, Documents, General Intangibles, Instruments, Instruments and Investment Property and Deposit Accounts and to the Equipment, Fixtures Equipment and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Genius Products Inc)

Limitation on Liens on Collateral. The Grantor shall 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 on the Collateral, except the (a) Permitted Liens and (b) the Lien granted to the extent so permitted Agent under the Credit this Security Agreement. The Grantor shall further defend the right, title and interest of the Agent in and to any of the Grantor's ’s rights under the Chattel Paper, Contracts, Documents, General Intangibles, Instruments, Investment Property Intangibles and Deposit Accounts Instruments and to the Equipment, Fixtures and Inventory and in and to the Proceeds thereof against the claims and demands of all Persons whomsoever.

Appears in 1 contract

Samples: Credit Agreement (Textainer Group Holdings LTD)

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