Common use of No Liens, Etc Clause in Contracts

No Liens, Etc. The Receivables and Other Conveyed Property related thereto to be Conveyed to the Purchaser hereunder are owned by Maxtor free and clear of any Adverse Claim (other than any Other Permitted Liens) or restrictions on transferability and Maxtor has the full right, corporate power and lawful authority to Convey the same and interests therein and, upon Conveyance thereof hereunder, the Purchaser will have acquired good and marketable title to and a valid and perfected ownership interest in such Receivables and Other Conveyed Property related thereto, free and clear of any Adverse Claim (other than any Other Permitted Liens) or restrictions on transferability. No effective financing statement or other instrument similar in effect covering all or any part of any Receivables and Other Conveyed Property related thereto Conveyed hereunder is on file in any recording office, except such as may have been filed in favor of the Purchaser as "Secured Party" or "Assignee" or except as shall be released upon the Conveyance of such Receivables and Other Conveyed Property related thereto to the Purchaser.

Appears in 2 contracts

Samples: Purchase and Contribution Agreement (Maxtor Corp), Purchase and Contribution Agreement (Maxtor Corp)

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No Liens, Etc. The Receivables and Other Conveyed Property related thereto to be Conveyed sold and assigned to the Purchaser hereunder are owned (immediately prior to their sale hereunder) by Maxtor the Seller free and clear of any Adverse Claim (other than any Other Permitted Liens) or restrictions on transferability and Maxtor the Seller has the full right, corporate power and lawful authority to Convey assign, transfer and pledge the same and interests therein andtherein, and upon Conveyance thereof hereunder, transfer hereunder the Purchaser will have acquired good and marketable title to and a valid and perfected ownership interest in such Receivables and Other Conveyed Property related thereto, free and clear of any Adverse Claim (other than any Other Permitted Liens) or restrictions on transferability. No effective financing statement or other instrument similar in effect covering all or any part of any the Receivables and Other Conveyed Property related thereto Conveyed to be purchased hereunder is on file in any recording office, except such as may have been filed in favor of the Purchaser as "Secured Party" in accordance with this Agreement or "Assignee" in favor of the Agent in accordance with the RLSA or except as shall be released upon the Conveyance purchase of such Receivables and Other Conveyed Property related thereto to by the Purchaser.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Silverleaf Resorts Inc)

No Liens, Etc. The Receivables and the Related Security and Other Conveyed Property related thereto to be Conveyed to the Purchaser hereunder are immediately prior to their Conveyance hereunder owned by Maxtor FCC free and clear of any Adverse Claim (other than any Other Permitted Liens) or restrictions on transferability and Maxtor FCC has the full right, corporate power and lawful authority to Convey the same and interests therein and, upon Conveyance thereof hereunder, the Purchaser will have acquired good and marketable title to and a valid and perfected ownership interest in such Receivables and the Related Security and Other Conveyed Property related thereto, free and clear of any Adverse Claim (other than any Other Permitted Liens) or restrictions on transferability. No effective financing statement or other instrument similar in effect covering all or any part of any Receivables or the Related Security and Other Conveyed Property related thereto Conveyed hereunder is on file in any recording office, except such as may have been filed in favor of the Purchaser Agent as "Secured Party" or "Assignee" ", in each case, for the benefit of the Lender or except as has been disclosed to Purchaser and which shall be released upon the Conveyance of such Receivables and Related Security and Other Conveyed Property related thereto to the Purchaser.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Us Home Systems Inc /Tx)

No Liens, Etc. The Receivables and the Related Security and Other Conveyed Property related thereto to be Conveyed to the Purchaser hereunder are owned by Maxtor LEAF free and clear of any Adverse Claim (other than any Other Permitted Liens) or restrictions on transferability and Maxtor LEAF has the full right, corporate power and lawful authority to Convey the same and interests therein and, upon Conveyance thereof hereunder, the Purchaser will have acquired good and marketable title to and a valid and perfected ownership interest in such Receivables and the Related Security and Other Conveyed Property related thereto, free and clear of any Adverse Claim (other than any Other Permitted Liens) or restrictions on transferability. No effective financing statement or other instrument similar in effect covering all or any part of any Receivables or the Related Security and Other Conveyed Property related thereto Conveyed hereunder is on file in any recording office, except such as may have been filed in favor of the Purchaser Collateral Agent as "Secured Party" or "Assignee" or except as shall be released upon the Conveyance of such Receivables and Related Security and Other Conveyed Property related thereto to the Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Resource America Inc)

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No Liens, Etc. The Refinanced Receivables and the Related Security and Other Conveyed Sold Property related thereto to be Conveyed Sold to the Purchaser hereunder are immediately prior to their Sale hereunder owned by Maxtor the applicable Seller free and clear of any Adverse Claim (other than any Other Permitted Liens) or restrictions on transferability and Maxtor such Seller has the full right, corporate power and lawful authority to Convey Sell the same and interests therein and, upon Conveyance Sale thereof hereunder, the Purchaser will have acquired good and marketable title to and a valid and perfected ownership interest in such Refinanced Receivables and the Related Security and Other Conveyed Sold Property related thereto, free and clear of any Adverse Claim (other than any Other Permitted Liens) or restrictions on transferability. No effective financing statement or other instrument similar in effect covering all or any part of any Refinanced Receivables or the Related Security and Other Conveyed Sold Property related thereto Conveyed Sold hereunder is on file in any recording office, except such as may have been filed in favor of the Purchaser as "Secured Party" or "Assignee" or except as with respect to any outstanding financing secured by the Refinanced Receivables which have been disclosed to Purchaser and which shall be released upon the Conveyance Sale of such Refinanced Receivables and Related Security and Other Conveyed Sold Property related thereto to the Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Us Home Systems Inc)

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