Common use of No Prior Encumbrances Clause in Contracts

No Prior Encumbrances. Borrower has good and marketable title to its property, free and clear of Liens, except for Permitted Liens.

Appears in 126 contracts

Samples: Loan and Security Agreement (Ammo, Inc.), Loan and Security Agreement (Zedge, Inc.), Loan and Security Agreement (Star Mountain Lower Middle-Market Capital Corp)

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

Appears in 21 contracts

Samples: Loan and Security Agreement (Latch, Inc.), Loan and Security Agreement (Identiv, Inc.), Loan and Security Agreement (IBEX LTD)

No Prior Encumbrances. Such Borrower has good and marketable title to its property, free and clear of Liens, except for Permitted Liens.

Appears in 4 contracts

Samples: Loan and Security Agreement (Journey Medical Corp), Loan and Security Agreement (Journey Medical Corp), Loan and Security Agreement (Northern Star Acquisition Corp.)

No Prior Encumbrances. Borrower has good and marketable title to its propertyproperty (excluding Equipment subject to Liens permitted under subsection (c) of the definition of Permitted Liens), free and clear of Liens, except for Permitted Liens.

Appears in 3 contracts

Samples: Loan and Security Agreement (Vertro, Inc.), Loan and Security Agreement (Vertro, Inc.), Loan and Security Agreement (Miva, Inc.)

No Prior Encumbrances. The Borrower has good and marketable title to its property, free and clear of Liens, except for Permitted Liens.

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Abgenix Inc), Loan Agreement (Advanced Energy Industries Inc)

No Prior Encumbrances. Borrower has good and marketable title to its material property, free and clear of Liens, except for Permitted Liens.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cytosorbents Corp), Loan and Security Agreement (Cytosorbents Corp)

No Prior Encumbrances. Borrower has good and marketable title to, and rights in or the power to transfer, its propertyproperty (including the Collateral), free and clear of Liens, except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (ThredUp Inc.)

No Prior Encumbrances. Borrower has good and marketable title to its property, free and clear of Liens, except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Sonic Solutions/Ca/)

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No Prior Encumbrances. Borrower has good and marketable indefeasible title to its propertyall the property and assets of the Borrower, including the Collateral, free and clear of Liens, except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Objectshare Inc)

No Prior Encumbrances. Borrower has good and marketable title to to, or leasehold interest in, its property, free and clear of Liens, except for Permitted Liens.

Appears in 1 contract

Samples: Loan and Security Agreement (Bladelogic Inc)

No Prior Encumbrances. Borrower has good and marketable title to its property, free and clear of Liens, except for Permitted Liens.. 5.4

Appears in 1 contract

Samples: Loan and Security Agreement (Scientific Learning Corp)

No Prior Encumbrances. Borrower has good and marketable title to its property, free and clear of Liens, except for Permitted Liensliens.

Appears in 1 contract

Samples: Loan and Security Agreement (Scientific Learning Corp)

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

Appears in 1 contract

Samples: Loan Agreement (Centigram Communications Corp)

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