Common use of Ownership and Defense of Collateral Clause in Contracts

Ownership and Defense of Collateral. The Pledgor shall at ----------------------------------- all times (a) be the owner of the Collateral free from any right, title or interest of any third Person and

Ownership and Defense of Collateral. The Each Pledgor shall at ----------------------------------- all times (a) be the owner of the have Rights to each asset that is Collateral free from any right, title or interest of any third Person andand (b) defend the Collateral against the claims and demands of all third Persons, except that this Section 4.02 shall not apply to (i) but for only so long as such Lien is a Permitted Lien, the interest in the Collateral and the claims and demands of a holder of a Permitted Lien or (ii) Collateral to which Section 1.02 does not apply.

Ownership and Defense of Collateral. The Each Pledgor shall at ----------------------------------- all times (a) be the owner of the have Rights to each asset that is Collateral free from any right, title or interest of any third Person andand (b) defend the Collateral against the claims and demands of all third Persons, except that this

Ownership and Defense of Collateral. The Pledgor shall at ----------------------------------- all times (a) have good title to, and be the sole owner of, each asset that is Collateral, free of (i) in the case of any Collateral that is a financial asset, any adverse claim (as defined in Section 8-102(a)(1) of the Collateral free from any right, title or interest UCC) and (ii) in the case of any Collateral that is an instrument, any claim referred to in Section 3-305(1) of the UCC, in each case other than claims hereunder, and (b) defend the Collateral against the claims and demands of all third Person andPersons.