Common use of Ownership of Collateral; Encumbrances Clause in Contracts

Ownership of Collateral; Encumbrances. Debtor is the owner of, and has good and marketable title to, the Collateral free and clear of any Lien except for the pledge and security interest granted to the Collateral Agent for the benefit of the Secured Parties and Liens for Taxes not yet due or that are subject to a Good Faith Contest. No financing statement covering the Collateral is on file in any public office other than terminated financing statements and the financing statements filed pursuant to this Agreement or in connection with the transactions contemplated by the Indenture. The Collateral is not subject to any law (except as may be required in connection with any disposition of the Collateral by laws affecting the offering and sale of securities generally) or contractual obligation that would be violated by or that would prohibit the grant of the security interest in the Collateral granted pursuant hereto or the disposition of the Collateral by or to the Collateral Agent upon the occurrence and continuance of an Event of Default.

Ownership of Collateral; Encumbrances. Debtor Pledgor is the owner of, and has good and marketable title to, the Collateral free and clear of any Lien except for the pledge and security interest granted to the Collateral Agent for the benefit of the Secured Parties and Liens for Taxes not yet due or that are subject to a Good Faith Contest. No financing statement covering the Collateral is on file in any public office other than terminated financing statements and the financing statements filed pursuant to this Agreement or in connection with the transactions contemplated by the Indenture. The Collateral is not subject to any law (except as may be required in connection with any disposition of the Collateral by laws affecting the offering and sale of securities generally) or contractual obligation that would be violated by or that would prohibit the grant of the security interest in the Collateral granted pursuant hereto or the disposition of the Collateral by or to the Collateral Agent upon the occurrence and continuance of an Event of Default.