No Prior Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of liens, claims, security interests, or encumbrances, except for the first priority lien held by the Lender and except for other Permitted Liens. Borrower has not acquired any part of the Collateral from an assignor outside the ordinary course of such assignor's business.
Appears in 3 contracts
Samples: Loan and Security Agreement (Soundbite Communications Inc), Loan and Security Agreement (Nextcard Inc), Loan and Security Agreement (Soundbite Communications Inc)
No Prior Encumbrances. Borrower has good and indefeasible title to the CollateralCollateral and the Real Property, free and clear of liens, claims, security interests, or encumbrances, except for the first priority lien held by the Lender and except for other Permitted Liens. Borrower has not acquired any part of the Collateral from an assignor outside the ordinary course of such assignor's business.
Appears in 3 contracts
Samples: Loan and Security Agreement (Bollinger Industries Inc), Loan and Security Agreement (Concurrent Computer Corp/De), Loan and Security Agreement (National Standard Co)
No Prior Encumbrances. Borrower has good and indefeasible title to the CollateralCollateral (other than with respect to the FCC Licenses, which are subject to periodic renewal) and the Real Property, free and clear of liens, claims, security interests, or encumbrances, except for the first priority lien held by the Lender and except for other Permitted Liens. Borrower has not acquired any part of the Collateral from an assignor outside the ordinary course of such assignor's business.
Appears in 1 contract
No Prior Encumbrances. Borrower has good and indefeasible title to the Collateral, free and clear of liens, claims, security interests, or encumbrances, encumbrances except for the first priority lien held by the Lender and except for other Permitted Liens. Borrower has not acquired any part of the Collateral from an assignor outside the ordinary course of such assignor's business.
Appears in 1 contract
No Prior Encumbrances. Each Borrower has good and indefeasible title to the Collateral, free and clear of liens, claims, security interests, or encumbrances, except for the first priority lien held by the Lender and except for other Permitted Liens. Borrower has not acquired any part of the Collateral from an assignor outside the ordinary course of such assignor's business.
Appears in 1 contract
Samples: Loan and Security Agreement (Neostar Retail Group Inc)
No Prior Encumbrances. Borrower has good and indefeasible title to the CollateralCollateral and the Real Property, free and clear of liens, claims, security interests, or encumbrances, except for Permitted Liens and those liens fully satisfied and terminated upon the first priority lien held by the Lender and except for other Permitted Liens. Borrower has not acquired any part of the Collateral from an assignor outside the ordinary course of such assignor's businessClosing Date.
Appears in 1 contract
Samples: Loan and Security Agreement (Bollinger Industries Inc)
