Common use of Ownership of Collateral Clause in Contracts

Ownership of Collateral. Pledgor is (or at the time of transfer thereof to Secured Party will be) the legal and beneficial owner of the Collateral from time to time transferred by Pledgor to Secured Party, free and clear of any Lien except for the security interest created by this Agreement.

Appears in 14 contracts

Samples: Collateral Account Agreement (Eldorado Resorts LLC), Security Agreement (Arterial Vascular Engineering Inc), Credit Agreement (Dominicks Supermarkets Inc)

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Ownership of Collateral. Pledgor is (or at the time of transfer ----------------------- thereof to Secured Party will be) the legal and beneficial owner of the Collateral from time to time transferred by Pledgor to Secured Party, free and clear of any Lien except for the security interest created by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Varco International Inc), Credit Agreement (Varco International Inc)

Ownership of Collateral. Such Pledgor is (or at the time of transfer thereof to Secured Party will be) the legal and beneficial owner of the Collateral from time to time transferred by such Pledgor to Secured Party, free and clear of any Lien except for the security interest created by this AgreementAgreement and the subordinate lien granted to KeyBank National Association, as Agent, by Pledgors pursuant to that certain Second Collateral Account Agreement dated of even date herewith.

Appears in 1 contract

Samples: Collateral Account Agreement (Amerivest Properties Inc)

Ownership of Collateral. Such Pledgor is (or at the time of transfer thereof to Secured Party will be) the legal and beneficial owner of the Collateral from time to time transferred by such Pledgor to Secured Party, free and clear of any Lien except for the security interest created by this Agreement and by the First Collateral Account Agreement.

Appears in 1 contract

Samples: Second Collateral Account Agreement (Amerivest Properties Inc)

Ownership of Collateral. Pledgor is (or at the time of transfer ----------------------- thereof to Secured Party will be) the legal and beneficial owner of the Collateral from time to time transferred by Pledgor to Secured Party, free and clear of any Lien except for the security interest created by this AgreementAgreement or any other Collateral Document.

Appears in 1 contract

Samples: Collateral Account Agreement (Sandhills Inc)

Ownership of Collateral. Pledgor is (or at the time of transfer thereof to Secured Party thereof will be) the legal and beneficial owner of the Collateral from time to time transferred by Pledgor to Secured Party, free and clear of any Lien except for the security interest created by this Agreement.

Appears in 1 contract

Samples: Security Agreement (Diamond Brands Operating Corp)

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Ownership of Collateral. Pledgor is (or at the time of transfer ----------------------- thereof to Secured Party will be) the legal and beneficial owner of the Collateral from time to time transferred by Pledgor to Secured Party, free and clear of any Lien except for the security interest created by this AgreementAgreement or any other Loan Document.

Appears in 1 contract

Samples: Collateral Account Agreement (Afc Enterprises Inc)

Ownership of Collateral. Pledgor is The Pledgors are (or at the time of transfer thereof to Secured Party will be) the legal and beneficial owner of the Collateral from time to time transferred by Pledgor the Pledgors to Secured Party, free and clear of any Lien except for the security interest created by this Agreement and, to the extent set forth in the Intercreditor Agreement, any Liens made in favor of the Administrative Agent to secure the obligations of the Pledgors pursuant to that certain Second Amended and Restated Credit Agreement by and among the Partnership, the lenders described therein and the Administrative Agent.

Appears in 1 contract

Samples: Collateral Account Agreement (Eldorado Resorts LLC)

Ownership of Collateral. Each Pledgor is (or at the time of transfer thereof to Secured Party will be) the legal and beneficial owner of the Collateral from time to time transferred by such Pledgor to Secured Party, free and clear of any Lien except for the security interest created by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

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