Common use of No Encumbrances Clause in Contracts

No Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens.

Appears in 62 contracts

Samples: Security Agreement (GPS Industries, Inc.), Loan and Security Agreement (En Pointe Technologies Inc), Loan and Security Agreement (Network Plus Corp)

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No Encumbrances. Each Borrower has good and indefeasible title to the its Collateral, free and clear of Liens except for Permitted Liens.

Appears in 17 contracts

Samples: Loan Agreement (Synalloy Corp), Loan and Security Agreement (Leslies Poolmart Inc), Loan and Security Agreement (Allied Healthcare Products Inc)

No Encumbrances. Each Borrower has good and indefeasible title to its Collateral and the CollateralReal Property, free and clear of Liens except for Permitted Liens.

Appears in 15 contracts

Samples: Loan and Security Agreement (Cellstar Corp), Term Loan and Security Agreement (Cellstar Corp), Loan and Security Agreement (Mercator Software Inc)

No Encumbrances. Borrower has good and indefeasible title to the CollateralCollateral and the Real Property, free and clear of Liens except for Permitted Liens.

Appears in 12 contracts

Samples: Loan and Security Agreement (I Link Inc), Credit Agreement (Piccadilly Cafeterias Inc), Loan and Security Agreement (Special Devices Inc /De)

No Encumbrances. Each Borrower has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens.

Appears in 9 contracts

Samples: Loan and Security Agreement (Childrens Place Retail Stores Inc), Loan and Security Agreement (Guitar Center Inc), Letter of Credit Agreement (Childrens Place Retail Stores Inc)

No Encumbrances. Borrower has good and indefeasible title to the Collateralits assets, free and clear of Liens except for Permitted Liens.

Appears in 3 contracts

Samples: Loan and Security Agreement (Hercules Capital, Inc.), Loan and Security Agreement (Hercules Capital, Inc.), Loan and Security Agreement (Hercules Capital, Inc.)

No Encumbrances. Each Borrower has good and indefeasible title to the Collateral, its Collateral free and clear of Liens except for Permitted Liens.

Appears in 3 contracts

Samples: Loan and Security Agreement (LSB Industries Inc), Loan and Security Agreement (Silicon Graphics Inc /Ca/), Loan and Security Agreement (Silicon Graphics Inc /Ca/)

No Encumbrances. Borrower has good and indefeasible marketable title to the Collateral, free and clear of Liens except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Unified Grocers, Inc.), Loan and Security Agreement (Unified Grocers, Inc.)

No Encumbrances. Borrower has good and indefeasible title to the Collateralits Collateral and its Real Property, free and clear of Liens except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Bidz.com, Inc.), Loan and Security Agreement (Etoys Inc)

No Encumbrances. Borrower has good and indefeasible title to the its Collateral, free and clear of Liens except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (3 D Systems Corp), Loan and Security Agreement (Starcraft Corp /In/)

No Encumbrances. Borrower has good and indefeasible title to its --------------- Collateral and the CollateralReal Property, free and clear of Liens except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Microstrategy Inc), Loan and Security Agreement (Microstrategy Inc)

No Encumbrances. Each Borrower has good and indefeasible title to the Collateral, Collateral free and clear of Liens except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Big Dog Holdings Inc), Loan and Security Agreement (Big Dog Holdings Inc)

No Encumbrances. Borrower has The Borrowers have good and indefeasible title to the Collateral, Collateral free and clear of Liens except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Zanett Inc), Loan and Security Agreement (Zanett Inc)

No Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of Liens Liens, except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Systemsoft Corp)

No Encumbrances. Borrower has good and indefeasible title to the CollateralCollateral and the Real Property, if any, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (RMH Teleservices Inc)

No Encumbrances. Borrower has good and indefeasible title to the Collateral, Collateral free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Big Dog Holdings Inc)

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No Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens. 5.2 [Intentionally Omitted]. 5.3 [Intentionally Omitted].

Appears in 1 contract

Samples: Loan and Security Agreement (CTC Communications Corp)

No Encumbrances. The Borrower has good and indefeasible title to the Collateral, --------------- Collateral free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (System Software Associates Inc)

No Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens and prior to all liens except for Senior Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Phonetel Technologies Inc)

No Encumbrances. Borrower has good and indefeasible title to the Collateral--------------- Collateral and the Real Property, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (DSG International LTD)

No Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens and Agent's Liens on the Telephones are prior to all liens except for Senior Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Phonetel Technologies Inc)

No Encumbrances. Borrower has Borrowers have good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (RDM Sports Group Inc)

No Encumbrances. Borrower has good and indefeasible title to the Collateralits Assets, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan Agreement (Ess Technology Inc)

No Encumbrances. Each Borrower has good and indefeasible marketable title to the its Collateral, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Pioneer Companies Inc)

No Encumbrances. Borrower has good and indefeasible title to the Collateral and the Real Property constituting Collateral, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Northland Cranberries Inc /Wi/)

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