Common use of No Liens on Collateral Clause in Contracts

No Liens on Collateral. Debtor will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any lien, claim, security interest or encumbrance on or to any of the Collateral, other than the liens granted to Secured Party under this Agreement and the Prior Liens and Permitted Liens.

Appears in 4 contracts

Samples: Security Agreement (Caldera International Inc/Ut), Security Agreement (Caldera International Inc/Ut), Security Agreement (Caldera International Inc/Ut)

AutoNDA by SimpleDocs

No Liens on Collateral. Debtor will not create, incur or permit to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any lien, claim, security interest or encumbrance on or to any of the Collateral, other than the liens granted to Secured Party under this Agreement and the Prior Liens and Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (Caldera International Inc/Ut)

AutoNDA by SimpleDocs

No Liens on Collateral. Debtor will not create, incur or permit ---------------------- to exist, will defend the Collateral against, and will take such other action as is necessary to remove, any lien, claim, security interest or encumbrance on or to any of the Collateral, other than the liens granted to Secured Party under this Agreement and the Prior Liens and Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (Tarantella Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.