Ownership and Collateral Free of Encumbrances. The Debtor is the owner of or has rights in the Collateral free and clear of all other security interest, mortgages, hypothecs, pledges, liens, claims, charges, whether fixed or floating, or other encumbrances (“Encumbrances”).
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Samples: General Security Agreement (Innexus Biotechnology Inc), General Security Agreement (Innexus Biotechnology Inc)
Ownership and Collateral Free of Encumbrances. The Debtor is the owner of or has rights in the Collateral free and clear of all other security interestinterests, mortgages, hypothecs, pledges, liens, claims, charges, whether fixed or floating, or other encumbrances whatsoever (collectively the “Encumbrances”) except Permitted Encumbrances (as that term is defined in the Credit Agreement).
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Samples: Security Agreement (West Marine Inc)
Ownership and Collateral Free of Encumbrances. The Debtor is the owner of or has rights in the Collateral free and clear of all other security interestinterests, mortgages, hypothecs, pledges, liens, claims, charges, whether fixed or floating, or other encumbrances whatsoever (“Encumbrances”collectively the "ENCUMBRANCES").
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