Common use of Limitations on Liens on Collateral Clause in Contracts

Limitations on Liens on Collateral. 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 Liens permitted under Section 5.02(a) of the Credit Agreement and will defend the right, title and interest of the Collateral Agent in and to all of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever other than claims or demands arising out of Liens permitted under Section 5.02(a) of the Credit Agreement.

Appears in 5 contracts

Samples: Revolving Facility Security Agreement, Revolving Facility Security Agreement (Dana Holding Corp), Security Agreement (Dana Holding Corp)

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Limitations on Liens on Collateral. Each The Grantor will not create, incur or permit or suffer to exist, and will defend the Collateral against against, and will take such other action as is necessary to remove, any Lien or claim on or to such Collateral, other than the Collateral except Liens created hereby or Liens permitted under Section 5.02(a) subsection 8.3 of the Credit Agreement Agreement, and will defend the right, title and interest of the Collateral Agent and the Banks in and to all any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever other than claims or demands arising out of Liens permitted under Section 5.02(a) of the Credit Agreement.whomsoever. 56

Appears in 1 contract

Samples: Credit Agreement (Lear Seating Corp)

Limitations on Liens on Collateral. Each Such Grantor will not create, incur or permit or suffer to exist, and will defend the Collateral against against, and will take such other action as is necessary to remove, any Lien or claim on or to such Collateral, other than the Collateral except Liens created hereby or Liens permitted under Section 5.02(a) subsection 8.3 of the Credit Agreement Agreement, and will defend the right, title and interest of the Collateral Agent and the Banks in and to all any of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever other than claims or demands arising out of Liens permitted under Section 5.02(a) of the Credit Agreementwhomsoever.

Appears in 1 contract

Samples: Credit Agreement (Lear Seating Corp)

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Limitations on Liens on Collateral. 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 Liens permitted under Section 5.02(a) of the Credit Bridge Facility Agreement and will defend the right, title and interest of the Collateral Agent in and to all of such Grantor’s rights under the Collateral against the claims and demands of all Persons whomsoever other than claims or demands arising out of Liens permitted under Section 5.02(a) of the Credit Bridge Facility Agreement.

Appears in 1 contract

Samples: Security Agreement (Dana Inc)

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