Common use of Limitation on Liens on Collateral Clause in Contracts

Limitation on Liens on Collateral. The Grantor (x) will not create, incur or permit to exist, 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, and (y) will defend the right, title and interest of the Secured Parties in and to any of the Collateral against the claims and demands of all persons whomsoever.

Appears in 3 contracts

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

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Limitation on Liens on Collateral. The Grantor (x) will not create, incur or permit to exist, will defend, at its own expense, defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Liens created hereby and by the Security Agreement and Liens permitted by Section 3.9 of the Notes, and (y) will defend the right, title and interest of the Secured Parties Collateral Agent in and to any of the Collateral against the claims and demands of all persons whomsoeverPersons.

Appears in 3 contracts

Samples: Patent and Trademark Security Agreement (Emagin Corp), Patent and Trademark Security Agreement (Emagin Corp), Patent and Trademark Security Agreement (Emagin Corp)

Limitation on Liens on Collateral. The Grantor (x) will not create, incur or permit to exist, will defend, at its own expense, defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Security Interest created hereby and Liens created by the Patent and Trademark Security Agreement, and (y) will defend the right, title and interest of the Secured Parties Collateral Agent in and to any of the Collateral against the claims and demands of all persons whomsoeverPersons.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Emagin Corp), Pledge and Security Agreement (Emagin Corp), Pledge and Security Agreement (Emagin Corp)

Limitation on Liens on Collateral. The Each Grantor (x) will not create, incur or permit to exist, will defend, at its own expense, defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Liens created hereby and other than as permitted pursuant to the Indenture, and (y) will defend the right, title and interest of the Secured Parties Collateral Agent in and to any of the Collateral against the claims and demands of all persons Persons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Source Media Inc), Security Agreement (Resort Investment LLC)

Limitation on Liens on Collateral. The Grantor (x) will not create, incur or permit to exist, will defend, at its own expense, defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Liens created hereby and other than as permitted pursuant to the Amended and Restated Note Agreement, and (y) will defend the right, title and interest of the Secured Parties Collateral Agent in and to any of the Collateral against the claims and demands of all persons Persons whomsoever.

Appears in 2 contracts

Samples: Security Agreement (Source Media Inc), Security Agreement (Source Media Inc)

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Limitation on Liens on Collateral. The Grantor (x) will not --------------------------------- create, incur or permit to exist, will defend, at its own expense, defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Liens created hereby and as permitted by Section 3.9 of the Note, and (y) will defend the right, title and interest of the Secured Parties Collateral Agent in and to any of the Collateral against the claims and demands of all persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Cephalon Inc)

Limitation on Liens on Collateral. The Each Grantor (x) will not create, incur or permit to exist, will defend, at its own expense, defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Liens created hereby and other than as permitted by the Indenture, and (y) will defend the right, title and interest of the Secured Parties Collateral Agent in and to any of the Collateral against the claims and demands of all persons Persons whomsoever.

Appears in 1 contract

Samples: Security Agreement (Mentus Media Corp)

Limitation on Liens on Collateral. The Grantor (x) will not create, --------------------------------- incur or permit to exist, will defend, at its own expense, defend the Collateral against, and will take such other action as is necessary to remove, any Lien or claim on or to the Collateral, other than the Liens created hereby or as permitted by Section 3.9 of the Notes, and (y) will defend the right, title and interest of the Secured Parties Collateral Agent in and to any of the Collateral against the claims and demands of all persons whomsoever.

Appears in 1 contract

Samples: Patent and Trademark Security Agreement (Cephalon Inc)

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