Owner of Collateral. Obligor is the owner of the Collateral free and clear of any security interest, lien, encumbrance, or adverse claim, except the security interest hereby given to Secured Party. Obligor will defend the Collateral and the security interest created hereby against all claims and demands of all other persons who may assert a claim of ownership or a lien, encumbrance, or security interest against or with respect to the Collateral at any time.
Owner of Collateral. So long as the Pledgor remains the owner of all or any part of the Collateral, the Pledgor will promptly, upon request of the Bank, give to the Bank copies of any notices or other communications received by it with respect to the Collateral.
Owner of Collateral. Except for the Security Interests, the Debtor ------------------- is, and as to the Collateral acquired after the date hereof which is included within the Security Interests, the Debtor will be, the owner of the Collateral free from all adverse claims, security interests and encumbrances except for Permitted Liens.
Owner of Collateral. The Grantor is and, except as expressly permitted by this Mortgage, will continue to be the owner of the Collateral hereunder whether now owned or hereafter acquired, free and clear of all Liens, claims, encumbrances and security interests other than the security interests in favor of the Mortgagee hereunder and Permitted Liens, and that the Grantor will defend such Collateral and any products and proceeds thereof against all material claims and demands of all Persons (other than holders of Permitted Liens) at any time claiming the same or any interest therein adverse to the Mortgagee. The inclusion of proceeds of the Collateral under the security interest granted herein shall not be deemed consent by the Mortgagee, to any sale, lease or other disposition of any part or all of the Collateral except as expressly permitted herein.
Owner of Collateral. The Company is the sole owner of the Collateral (or, in the case of after-acquired Collateral, at the time the Company acquires rights in the Collateral, will be the sole owner thereof);
Owner of Collateral. The Debtor is, or, to the extent that any Collateral will be acquired after the date hereof, will be, the sole owner of the Collateral, holding good and valid title thereto, free from any lien, security interest, encumbrance or claim (other than the liens and encumbrances in favor of the Secured Party or otherwise permitted under the Facilities Agreement) and has the right to grant the security interests created by this Security Agreement.
Owner of Collateral. Except for the Senior Indebtedness, the Debtor (i) is and shall be the owner of the Collateral free from any additional lien, security interest or encumbrance, (ii) has and shall have good title to the Collateral, subject to the security interest hereunder, and (iii) subject to the provisions set forth in Subordination Agreement, shall defend the Collateral and proceeds thereof against all claims and demands of all persons at any time claiming the same or any interest therein adverse to the Secured Party.
Owner of Collateral a person who has entered into a notarially authenticated agreement upon establishment of a mortgage with the Creditor for the purpose of securing the claims arising from the Agreement.
Owner of Collateral. The Obligor is the legal and beneficial owner of, and has good and marketable title to, all existing Collateral and shall be the legal and beneficial owner of, and have good and marketable title to, each item of after acquired Collateral free and clear of any Liens, except Permitted Liens, ranking on a parity with or in priority to the Security Interest.
Owner of Collateral. They are the sole, legal and beneficial owner of, and have good and marketable title to, all existing Collateral and shall be the sole, legal and beneficial owners of, and have good and marketable title to, each item of after acquired Collateral free and clear of any Liens, except Permitted Liens, ranking on a parity with or in priority to the Security Interest.
