Common use of Ownership of Collateral; Absence of Liens and Restrictions Clause in Contracts

Ownership of Collateral; Absence of Liens and Restrictions. Each Obligor is, and in the case of property acquired after the date hereof, will be, the sole legal and equitable owner of the Collateral of such Obligor, holding good and marketable title to the same free and clear of all Encumbrances except for the Security Interests and Permitted Encumbrances, and has good right and legal authority to assign, deliver, and create a security interest in such Collateral in the manner herein contemplated. The Collateral is genuine and is what it is purported to be. The Collateral is not subject to any restriction that would prohibit or restrict the assignment, delivery or creation of the security interests contemplated hereunder.

Ownership of Collateral; Absence of Liens and Restrictions. Each The Obligor is, and in the case of property acquired after the date hereof, will be, the sole legal and equitable owner of the Collateral of such the Obligor, holding good and marketable title to the same free and clear of all Encumbrances except for the Security Interests and Permitted Encumbrances, and has good right and legal authority to assign, deliver, and create a security interest in such Collateral in the manner herein contemplated. The Collateral is genuine and is what it is purported to be. The Collateral is not subject to any restriction that would prohibit or restrict the assignment, delivery or creation of the security interests contemplated hereunder.

Ownership of Collateral; Absence of Liens and Restrictions. Each Obligor The Guarantor is, and in the case of property acquired after the date hereof, will be, the sole legal and equitable owner of the Collateral of such ObligorCollateral, holding good and marketable title to the same free and clear of all Encumbrances except for the Security Interests and Permitted Encumbrancessecurity interests granted hereunder or permitted hereby, and has good right and legal authority to assign, deliver, and create a security interest in such the Collateral in the manner herein contemplated. The Collateral is genuine and is what it is purported to be. The Collateral is not subject to any restriction that would prohibit or restrict the assignment, delivery or creation of the security interests contemplated hereunder.

Ownership of Collateral; Absence of Liens and Restrictions. Each Obligor The Debtor is, and in the case of property acquired after the date hereof, will be, the sole legal and equitable owner of the Collateral of such ObligorCollateral, holding good and marketable title to the same free and clear of all Encumbrances except for the Security Interests and Permitted Encumbrancessecurity interests granted hereunder or permitted hereby, and has good right and legal authority to assign, deliver, and create creates a security interest in such the Collateral in the manner herein contemplated. The Collateral is genuine and is what it is purported to be. The Collateral is not subject to any restriction that would prohibit or restrict the assignment, delivery or creation of the security interests interest contemplated hereunder.