Common use of No Encumbrances Clause in Contracts

No Encumbrances. Borrower and its Subsidiaries have good and indefeasible title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 27 contracts

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

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No Encumbrances. Each Borrower and its Subsidiaries have has good and indefeasible title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 9 contracts

Samples: Credit Agreement (Bell Industries Inc /New/), Credit Agreement (Cryolife Inc), Credit Agreement (Buca Inc /Mn)

No Encumbrances. Borrower and its Subsidiaries have has good and indefeasible title to, or a valid leasehold interest in, their its personal property assets and good and marketable title to, or a valid leasehold interest in, their its Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 8 contracts

Samples: Loan and Security Agreement (Horizon Technology Finance Corp), Loan and Security Agreement (Horizon Technology Finance Corp), Loan Agreement (Horizon Technology Finance Corp)

No Encumbrances. Each Borrower and its Subsidiaries have has good and indefeasible title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 8 contracts

Samples: Loan and Security Agreement (Silicon Graphics Inc), Loan and Security Agreement (Silicon Graphics Inc), Credit Agreement (Trizetto Group Inc)

No Encumbrances. Borrower and its Subsidiaries have good and indefeasible marketable title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 4 contracts

Samples: Credit Agreement (Sanfilippo John B & Son Inc), Credit Agreement (Sanfilippo John B & Son Inc), Credit Agreement (Sanfilippo John B & Son Inc)

No Encumbrances. Borrower Borrowers and its their respective Restricted Subsidiaries have good and indefeasible title to, or a valid leasehold interest in, their material personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 4 contracts

Samples: Credit Agreement (Altra Industrial Motion, Inc.), Credit Agreement (Boston Gear LLC), Credit Agreement (TB Wood's INC)

No Encumbrances. Borrower and its Subsidiaries have good and indefeasible title to, or a valid leasehold interest in, to their personal property assets and good and marketable title to, or a valid leasehold interest in, to their Real Property (subject to exceptions that do not, in the aggregate, materially impair the use, value or marketability or any such Real Property), in each case, free and clear of Liens except for Permitted Liens.

Appears in 4 contracts

Samples: Debt and Security Agreement, Loan and Security Agreement (Sharper Image Corp), Loan and Security Agreement (Sharper Image Corp)

No Encumbrances. Borrower and its Subsidiaries have good and indefeasible title to, or a valid leasehold interest in, to their personal property assets and good and marketable title to, or a valid leasehold interest in, to their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 3 contracts

Samples: Credit Agreement (Virco MFG Corporation), Loan and Security Agreement (Shoe Pavilion Inc), Loan and Security Agreement (Penton Media Inc)

No Encumbrances. Borrower and its Subsidiaries have good and indefeasible marketable title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, Property and such personal property assets and Real Property of Borrower is free and clear of Liens except for Permitted Liens.

Appears in 3 contracts

Samples: Loan and Security Agreement (Viskase Companies Inc), Loan and Security Agreement (Viskase Companies Inc), Loan and Security Agreement (Viskase Companies Inc)

No Encumbrances. Borrower and its the Restricted Subsidiaries have good and indefeasible title to, or a valid leasehold interest in, to their personal property assets and good and marketable title to, or a valid leasehold interest in, to their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hudson Respiratory Care Inc), Loan and Security Agreement (Hudson Respiratory Care Inc)

No Encumbrances. Borrower and its Subsidiaries have good and indefeasible legal title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Anacomp Inc)

No Encumbrances. Each Borrower and its Significant Subsidiaries have good and indefeasible title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Easylink Services Corp)

No Encumbrances. Each Borrower and its Operating Subsidiaries have has good and indefeasible title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Youbet Com Inc)

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No Encumbrances. Each Borrower and its Subsidiaries have has good and indefeasible title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their material Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Advanced Marketing Services Inc)

No Encumbrances. Borrower and its Domestic Subsidiaries have good and indefeasible title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Infocus Corp)

No Encumbrances. Borrower and its Subsidiaries have has good and indefeasible title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their its Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Lexar Media Inc)

No Encumbrances. Holdings, Borrower and its each of their respective Subsidiaries have good and indefeasible title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (SAVVIS, Inc.)

No Encumbrances. Borrower and its Subsidiaries have has good and indefeasible title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Transtechnology Corp)

No Encumbrances. Each Borrower and its Restricted Subsidiaries have has good and indefeasible title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (TRC Companies Inc /De/)

No Encumbrances. Each Borrower and its Subsidiaries have good and indefeasible title to, or a valid leasehold interest in, their personal property assets and good and marketable title to, or a valid leasehold interest in, their Real Property, in each case, free and clear of Liens except for Permitted Liens.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Cray Inc)

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