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

Ownership, No Liens, etc. The Borrower is the legal and beneficial owner of, and has good and marketable title to (and has full right and authority to pledge and assign) the Collateral free and clear of all liens, security interests, options, or other charges or encumbrances, except any lien or security interest granted pursuant hereto in favor of the Closed-End Collateral Agent.

Appears in 4 contracts

Samples: Pledge and Security Agreement (World Omni LT), Pledge and Security Agreement (World Omni LT), Pledge and Security Agreement (World Omni LT)

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Ownership, No Liens, etc. The Borrower is the legal and beneficial owner of, and has good and marketable title to (and has full right and authority to pledge and assign) the Collateral such Collateral, free and clear of all liens, security interests, options, or other charges or encumbrances, except any lien or security interest granted pursuant hereto in favor of the Closed-End Collateral Agent.

Appears in 4 contracts

Samples: Pledge Agreement (Calpine Corp), First Amendment Pledge Agreement (Calpine Corp), Pledge Agreement (Calpine Corp)

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Ownership, No Liens, etc. The Borrower is the legal and beneficial owner of, and has good and marketable title to (and has full right and authority to pledge and assign) the Collateral Collateral, free and clear of all liens, security interests, options, options or other charges or encumbrances, except any lien or security interest granted pursuant hereto in favor of the Closed-End Collateral Administrative Agent.

Appears in 2 contracts

Samples: Pledge Agreement (Amc Entertainment Inc), Credit Agreement (Amc Entertainment Inc)

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