Common use of Ownership, No Liens, etc Clause in Contracts

Ownership, No Liens, etc. The Grantor owns its Collateral free and clear of any Lien, security interest, charge or encumbrance except for the security interest created by this Security Agreement and except as permitted by the Credit Agreement. 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 filed in favor of the Administrative Agent relating to this Security Agreement or as have been filed in connection with Liens permitted pursuant to Section 7.2.3 of the Credit Agreement or as to which a duly executed termination statement relating to such financing statement or other instrument has been delivered to the Administrative Agent on the Closing Date.

Appears in 5 contracts

Samples: Borrower Security Agreement (Dri I Inc), Security Agreement (Dri I Inc), Patent Security Agreement (Dri I Inc)

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Ownership, No Liens, etc. The Such Grantor owns its Collateral free and clear of any Lien, security interest, charge or encumbrance except for the security interest created by this Security Agreement and except as permitted by the Credit Agreement. 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 filed in favor of the Administrative Agent relating to this Security Agreement or as have been filed in connection with Liens permitted pursuant to Section 7.2.3 of the Credit Agreement or as to which a duly executed termination statement relating to such financing statement or other similar instrument has been delivered to the Administrative Agent on the Closing Date.

Appears in 4 contracts

Samples: Patent Security Agreement (Dri I Inc), Partnership Security Agreement (Dri I Inc), Partnership Security Agreement (Dri I Inc)

Ownership, No Liens, etc. The Such Grantor owns its Collateral free and clear of any Lien, security interest, charge or encumbrance except for the security interest Liens (a) created by this Security Agreement and except as Agreement, and, (b) in the case of Collateral other than the Capital Stock of each Subsidiary pledged hereunder, permitted by the Credit Agreement. No effective financing statement or other instrument filing similar in effect covering all or any part of the Collateral is on file in any recording office, except such as may have been those filed in favor of the Administrative Agent relating to this Security Agreement or as have been those filed in connection with Liens permitted pursuant to Section 7.2.3 of by the Credit Agreement or as to which a duly executed termination statement relating to such financing statement or other instrument has been delivered to the Administrative Agent on the Closing Date.

Appears in 2 contracts

Samples: Subsidiary Security and Pledge Agreement (Associated Materials Inc), Subsidiary Security and Pledge Agreement (AMH Holdings, Inc.)

Ownership, No Liens, etc. The Grantor owns its Collateral free and clear of any Lien, security interest, charge or encumbrance except for the security interest Liens (a) created by this Security Agreement and except as Agreement, and, (b) in the case of Collateral other than the Capital Stock of each Subsidiary pledged hereunder, permitted by the Credit Agreement. No effective financing statement or other instrument filing similar in effect covering all or any part of the Collateral is on file in any recording office, except such as may have been those filed in favor of the Administrative Agent relating to this Security Agreement or as have been those filed in connection with Liens permitted pursuant to Section 7.2.3 of by the Credit Agreement or as to which a duly executed termination statement relating to such financing statement or other instrument has been delivered to the Administrative Agent on the Closing Date.

Appears in 2 contracts

Samples: Borrower Security and Pledge Agreement (AMH Holdings, Inc.), Borrower Security and Pledge Agreement (Associated Materials Inc)

Ownership, No Liens, etc. The Such Grantor owns its Collateral free and clear of any Lien, security interest, charge or encumbrance except for the security interest created by this Security Agreement and except as permitted by the Credit AgreementIndenture. 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 filed in favor of the Administrative Collateral Agent relating to this Security Agreement or as have been filed in connection with Liens permitted pursuant to Section 7.2.3 4.14 of the Credit Agreement Indenture or as to which a duly executed termination statement relating to such financing statement or other instrument has been delivered to the Administrative Collateral Agent on the Closing Date.

Appears in 1 contract

Samples: Security Agreement (Edgen Louisiana CORP)

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Ownership, No Liens, etc. The Such Grantor owns its Collateral free and clear of any Lien, security interest, charge or encumbrance except for the security interest created by this Security Agreement and except as permitted by the Credit AgreementIndenture. 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 filed in favor of the Administrative Collateral Agent relating to this Security Agreement or as have been filed in connection with Liens permitted pursuant to Section 7.2.3 4.12 of the Credit Agreement Indenture or as to which a duly executed termination statement or partial release relating to such financing statement or other instrument has been delivered to the Administrative Collateral Agent on the Closing Date.

Appears in 1 contract

Samples: Security Agreement (Sweetheart Holdings Inc \De\)

Ownership, No Liens, etc. The Such Grantor owns its Collateral free and clear of any Lien, security interest, charge or encumbrance except for the security interest created by this Security Agreement and except as permitted by the Credit Agreement. 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 filed in favor of the Administrative Agent relating to this Security Agreement or as have been filed in connection with Liens permitted pursuant to Section 7.2.3 of the Credit Agreement or as to which a duly executed termination statement relating to such financing statement or other instrument has been delivered to the Administrative Agent on the Closing Date.

Appears in 1 contract

Samples: Patent Security Agreement (Dri I Inc)

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