No Security Rights Clause Samples

No Security Rights. Assignee and Borrower each hereby agree and acknowledge that the sale, transfer and assignment of the Assigned Debt, or any portion thereof, shall be a sale, transfer and assignment of the monetary obligations evidenced by such Assigned Debt (or portion thereof) only, and shall not include, and such sale, transfer and assignment expressly excludes, the Remaining Debt, as well as excluding any and all security rights, rights to any collateral, or any other security interests or rights of Assignor of any nature or kind related to, arising under, or pursuant to, the Credit Agreement, any other "Loan Documents" (as defined in the Credit Agreement) related thereto, or any other security agreements, UCC financing statements, or any other documents or instruments relating to the obligations of the Borrower or any "Guarantors" (as defined in the Credit Agreement) to Assignor (collectively, the "Security Rights"), it being agreed and acknowledged that all Security Rights shall remain with Assignor, as security for any portion of the Assigned Debt not assigned at any Purchase Tranche Closing, the Remaining Debt, or any other obligations of Borrower or any Guarantors to Assignor.
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No Security Rights. Assignee hereby agrees and acknowledges that the sale, transfer and assignment of the Assigned Debt shall be a sale, transfer and assignment of the monetary obligations evidenced by such Assigned Debt only, and shall not include, and such sale, transfer and assignment expressly excludes, the Remaining Debt, and any and all Security Rights.
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No Security Rights. Each Assignor is as of the date hereof, and, as to the Pledged Collateral acquired by it from time to time after the date hereof, each Assignor will be, the owner of the Pledged Collateral having full and unencumbered title thereto free from any and all Liens, except Liens permitted by section 5(e) of this Agreement. This Agreement creates a valid fiduciary assignment of the Pledged Collateral superior and prior to the rights of all other Persons therein, subject to (i) in the case of Pledged Collateral (other than Accounts and Lender Intangibles), no Liens other than the Liens described in Schedule 4 hereto as "Prior Liens" and (ii) in the case of Accounts and Lender Intangibles, no Liens other than the Liens granted to Lender to secure the Lender Debt.
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No Security Rights. Each Transferor is as of the date hereof, and, as to the Pledged Collateral acquired by it from time to time after the date hereof, each Transferor will be, the owner of the Pledged Collateral having full and unencumbered title thereto free from any and all Liens, except Liens permitted by section 6(e) of this Agreement. This Agreement creates a valid fiduciary transfer of the Pledged Collateral superior and prior to the rights of all other Persons therein and subject to (I) in the case of Pledged Collateral (other than Inventory), no Liens other than the Liens described in Schedule 2 hereto as "Prior Liens" and (ii) in the case of Inventory, no Liens other than the Lien granted to the Lender to secure the Lender Debt.
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No Security Rights. Assignee hereby agrees and acknowledges that the sale, transfer and assignment of the Assigned Debt, or any portion thereof, shall be a sale, transfer and assignment of the monetary obligations evidenced by such Assigned Debt (or portion thereof) only, and shall not include, and such sale, transfer and assignment expressly excludes, the Remaining Debt, as well as excluding any and all security rights, rights to any collateral, or any other security interests or rights of Assignor of any nature or kind related to, arising under, or pursuant to, the Credit Agreement, any other “Loan Documents” (as defined in the Credit Agreement) related thereto, or any other security agreements, UCC financing statements, or any other documents or instruments relating to the obligations of the Borrowers to Assignor (collectively, the “Security Rights”), it being agreed and acknowledged that all Security Rights shall remain with Assignor, as security for any portion of the Assigned Debt not assigned at any Purchase Tranche Closing, the Remaining Debt, or any other obligations of Borrowers to Assignor.
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Related to No Security Rights

  • No Security Your Account is unsecured. We are not taking a security interest in any property in connection with your Account.

  • No Security Interest Holders shall have no security interest in any of the Company’s assets or other collateral. Nothing in this Revenue Sharing Agreement or in the Notes, express or implied, shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, now in effect or hereaHer enacted and made effective, in any jurisdiction.

  • No Security Interest Created Nothing in this Indenture or in the Notes, expressed or implied, shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, as now or hereafter enacted and in effect, in any jurisdiction.

  • Company’s Rights The existence of this Agreement will not affect in any way the right or power of the Company or its Shareholders to accomplish any corporate act, including, without limitation, the acts referred to in Section 11.16 of the Plan.

  • No Setoff Neither party shall have the right to set off any obligation that it may have to the other party under the Transaction against any obligation such other party may have to it, whether arising under the Agreement, this Confirmation or any other agreement between the parties hereto, by operation of law or otherwise.