Common use of Ownership and Liens Clause in Contracts

Ownership and Liens. Debtor has good and marketable title to the Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except as may have been executed or filed in favor of Secured Party.

Appears in 8 contracts

Samples: Security Agreement (Us Home Systems Inc), Security Agreement (Us Home Systems Inc), Security Agreement (Us Home Systems Inc)

AutoNDA by SimpleDocs

Ownership and Liens. Debtor has good and marketable title to the Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except as may have been executed or filed in favor of Secured Party.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Equus Ii Inc), Loan Agreement (Citizens Inc)

Ownership and Liens. Debtor has good and marketable title to the Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this AgreementPermitted Liens. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except as may have been executed or filed in favor of Secured PartyParty or with respect to the Permitted Liens.

Appears in 2 contracts

Samples: Security Agreement (Temtex Industries Inc), Security Agreement (Temtex Industries Inc)

Ownership and Liens. Debtor has good and marketable title to the Collateral free and clear of all liens, security interestsLiens, encumbrances or adverse claims, except for the security interest created by this Agreement and the security interests and other encumbrances expressly permitted by the Credit Agreement. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no No effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except such as may have been executed or filed in favor of Secured PartyParty relating to this Agreement.

Appears in 1 contract

Samples: Credit Agreement (E-Dentist Com Inc)

Ownership and Liens. Debtor has good and marketable title to the Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and and, no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except as may have been executed or filed in favor of Secured Party.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Dimus Partners Inc.)

Ownership and Liens. Debtor has good and marketable title to the ------------------- Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except as may have been executed or filed in favor of Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Data Return Corp)

Ownership and Liens. Debtor has good and marketable title to the ------------------- Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no No effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except such as may have been executed filed in favor of Secured Party relating to this Agreement and there are no effective pledges or filed collateral assignments affecting all or any part of the Collateral except in favor of Secured Party.

Appears in 1 contract

Samples: Security Agreement (HCS Ii Inc)

Ownership and Liens. Debtor has good and marketable title to owns the Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreementagreement. No dispute, right of setoff, counterclaim counterclaim, or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no No effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except such as may have been executed or filed in favor of Secured PartyParty relating to this agreement.

Appears in 1 contract

Samples: Security Agreement (Vaughan Foods, Inc.)

Ownership and Liens. Debtor has good and marketable title Defensible Title to the Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except as may have been executed or filed in favor of Secured Party.

Appears in 1 contract

Samples: Advancing Term Credit Agreement (San Juan Partners LLC)

Ownership and Liens. Debtor has good and marketable title to the Collateral free and clear of all liens, security interests, encumbrances Liens or adverse claims, except for the security interest created by this Agreement. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except as may have been executed or filed in favor of Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Ascent Assurance Inc)

AutoNDA by SimpleDocs

Ownership and Liens. Debtor has good and marketable title to the Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this AgreementAgreement and Permitted Liens. No dispute, right of setoffsetoff (except as provided in certain management service agreements), counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no No effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except such as may have been executed or filed in favor of Secured PartyParty relating to this Agreement and Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (E-Dentist Com Inc)

Ownership and Liens. Debtor has good and marketable title to the Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no No effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except such as may have been executed or filed in favor of Secured PartyParty relating to this Agreement.

Appears in 1 contract

Samples: Security Agreement (3dfx Interactive Inc)

Ownership and Liens. Debtor has good and marketable title to the Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement and liens or security interests permitted in the Loan Agreement. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except as may have been executed or filed in favor of Secured Party.

Appears in 1 contract

Samples: Credit Agreement (American Electric Technologies Inc)

Ownership and Liens. Debtor has good and marketable title to the Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this AgreementAgreement and the security interests referenced in Section 2 hereof. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except as may have been executed or filed in favor of Secured Party, and except the security interests and relating financing statement referenced in Section 2 hereof.

Appears in 1 contract

Samples: Security Agreement (Global Casinos Inc)

Ownership and Liens. Debtor has good and marketable title to the Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Debtor has not executed any other security agreement currently affecting the Collateral and no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office except as may have been executed or filed in favor of Secured Party.

Appears in 1 contract

Samples: Pledge and Security Agreement (Palm Harbor Homes Inc /Fl/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!