Ownership of Property; Liens; Etc. Borrower, and each of the other owners of the Collateral and each of the other owners of interests therein, if any, have good and marketable title in fee simple in and to the Collateral owned by each, free and clear of any and all liens, security interests, claims, demands, off-sets, contingencies and other outstanding interests, both legal and equitable, except for the Permitted Encumbrances.
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Samples: Centura Loan Agreement (Computer Software Innovations Inc), Loan Agreement (Lynch Corp)
Ownership of Property; Liens; Etc. Borrower, and each of the other owners of the Collateral and each of the other owners of interests therein, if any, have good and marketable title in fee simple in and to the Collateral owned by each, free and clear of any and all liens, security interests, claims, demands, off-sets, contingencies and other outstanding interests, both legal and equitable, except for the Permitted Encumbrances.
Appears in 1 contract
Samples: Loan Agreement (Relm Wireless Corp)
Ownership of Property; Liens; Etc. Borrower, and each of the other owners of the Collateral and each of the other owners of interests therein, if any, its Subsidiaries have good and marketable title in fee simple in and to the Collateral owned by each, free and clear of any and all liens, security interests, claims, demands, off-sets, contingencies and other outstanding interests, both legal and equitable, except for the Permitted Encumbrances.
Appears in 1 contract
