Common use of Ownership; No Encumbrances Clause in Contracts

Ownership; No Encumbrances. Except for the security interest (and pledges and assignments as applicable) granted hereby, the Debtor is, and as to any property acquired after the date hereof which is included within the Collateral, Debtor will be, the owner of all such Collateral free and clear from all charges, liens, security interests, adverse claims and encumbrances of any and every nature whatsoever.

Appears in 5 contracts

Samples: Commercial Security Agreement (Wireless International Inc), Commercial Security Agreement (Wireless International Inc), Commercial Security Agreement (Wireless International Inc)

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Ownership; No Encumbrances. Except for the security interest (interests, pledges, assignments, and pledges and assignments as applicable) rights of set-off granted hereby, the Debtor is, and as to any property acquired after the date hereof which is included within the Collateral, Debtor will be, the owner of all such Collateral free and clear from all charges, liens, security interests, adverse claims and encumbrances of any and every nature whatsoevernature.

Appears in 2 contracts

Samples: Master Revolving Line of Credit Note (Catalyst Energy Services Inc), Loan Agreement (Catalyst Energy Services Inc)

Ownership; No Encumbrances. Except for the security interest (and pledges and assignments as applicable) granted hereby, the Debtor is, and as to any property acquired after the date hereof which is included within the Collateral, Debtor will be, the owner of all such Collateral free and clear from all charges, liens, security interests, adverse claims and encumbrances of any and every nature whatsoeversubject to no Liens except Permitted Liens.

Appears in 1 contract

Samples: Security Agreement (Mainland Resources Inc.)

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Ownership; No Encumbrances. Except for the security interest (and pledges and assignments as applicable) granted herebyhereby and as expressly permitted by the Loan Agreement, the Debtor isDebtors are, and as to any property acquired after the date hereof which is included within the Collateral, Debtor Debtors will be, the owner owners of all such Collateral free and clear from all charges, liens, security interests, adverse claims and encumbrances of any and every nature whatsoever.

Appears in 1 contract

Samples: Security Agreement (Stabilis Solutions, Inc.)

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