Common use of Ownership and Liens Clause in Contracts

Ownership and Liens. Pledgor 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. Pledgor has not executed any other security agreement currently affecting the Collateral and no 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 5 contracts

Samples: Pledge Agreement (Seair Group Inc), Pledge Agreement (Infinity Investors LTD), Pledge Agreement (R&b Falcon Corp)

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Ownership and Liens. Pledgor 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. Pledgor has not executed any other security agreement currently affecting the Collateral and no 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 3 contracts

Samples: Stock Pledge Agreement, Stock Pledge Agreement (Us Home Systems Inc /Tx), Loan and Security Agreement (Green Power Energy Holdings Corp)

Ownership and Liens. Pledgor 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. Pledgor 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 (Stabilis Energy, Inc.), Pledge and Security Agreement (Stabilis Energy, Inc.)

Ownership and Liens. Pledgor has good and marketable indefeasible 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. Pledgor has not executed any other security agreement currently affecting the Collateral and no 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: Stock Purchase Agreement (Gainsco Inc), Pledge Agreement (Gainsco Inc)

Ownership and Liens. Pledgor 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. Pledgor has not executed any other security agreement currently affecting the Collateral and no 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 Agreement (Asd Systems Inc)

Ownership and Liens. Pledgor 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. Pledgor has not executed any other security agreement currently affecting the Collateral and no 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. Pledgor has good and marketable title to the ------------------- Collateral free and clear of all liens, security interests, encumbrances encumbrances, or adverse claims, except for the security interest created by this Agreement. No dispute, right of setoffset-off, counterclaim counterclaim, or defense exists with respect to all or any part of the Collateral. Pledgor has not executed any other security agreement currently affecting the Collateral and no 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 Agreement (Rf Monolithics Inc /De/)

Ownership and Liens. Pledgor 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. Pledgor has not executed any other security agreement currently affecting the Collateral and no 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)

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Ownership and Liens. Pledgor has good and marketable indefeasible title to the Collateral free and clear of all liensLiens, 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. Pledgor has not executed any other security agreement currently affecting the Collateral and no 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 Credit Agreement (Gainsco Inc)

Ownership and Liens. Pledgor 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. Pledgor has not executed any other security agreement currently affecting the Collateral and no 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.. 67233.2 [August 9, 2001]

Appears in 1 contract

Samples: Commercial Security Agreement (United Heritage Corp)

Ownership and Liens. Pledgor 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 other liens expressly permitted by the other Loan Documents. No dispute, right of setoff, counterclaim or defense exists with respect to all or any part of the Collateral. Pledgor has not executed any other security agreement currently affecting the Collateral and no 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 Agreement (Amx Corp /Tx/)

Ownership and Liens. Pledgor has will maintain good and marketable defensible title to the all Collateral free and clear of all liens, security interests, encumbrances or adverse claims, except for the security interest created by this Agreement. No Pledgor will not permit any dispute, right of setoff, counterclaim or defense exists to exist with respect to all or any part of the Collateral. At its sole expense, Pledgor has not executed any other will defend Secured Party's right, title and security agreement currently affecting interest in and to the Collateral and no financing statement or other instrument similar in effect covering all or against the claims of any part of the Collateral is on file in any recording office except as may have been executed or filed in favor of Secured Partythird party.

Appears in 1 contract

Samples: Credit Agreement (Physician Reliance Network Inc)

Ownership and Liens. Pledgor has good and marketable title to the Collateral 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. Pledgor has not executed any other security agreement currently affecting the Collateral and no financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any recording office office, except as may have been executed or filed in favor of Secured Party.

Appears in 1 contract

Samples: Pledge Agreement (Arabian American Development Co)

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