Common use of Ownership Free of Liens Clause in Contracts

Ownership Free of Liens. No effective financing statement or other registration or instrument similar in effect covering all or any part of the Collateral is on file in any recording office except any that have been filed in favor of Lender relating to the Security Documents and any that have been filed to perfect or protect any Permitted Lien or any Other Lien. None of the Collateral is in the possession of any Person other than the Company or the Lender, except for Collateral being transported in the ordinary course of business.

Ownership Free of Liens. No effective financing statement or other registration or instrument similar in effect covering all or any part of the Collateral is on file in any recording office except any that which have been filed in favor of Lender relating to the Security Documents and any that which have been filed to perfect or protect any Permitted Lien or any Other Lien. None of the Collateral is in the possession of any Person other than the Company or the LenderLenders, except for Collateral being transported in the ordinary course of business.

Ownership Free of Liens. No effective financing statement statement, other than Xxxx Xxxxx financing statement, or other registration or instrument similar in effect covering all or any part of the Collateral is on file in any recording office except any that which have been filed in favor of Lender relating to the Security Documents and any that which have been filed to perfect or protect any Permitted Lien or any Other Lien. None of the Collateral is in the possession of any Person other than the Company or the LenderLenders, except for Collateral being transported in the ordinary course of business.