Common use of Preservation of the Equipment Clause in Contracts

Preservation of the Equipment. The Issuer warrants that it is the lawful owner and possessor of the Equipment or has a valid perfected security interest therein and that it will warrant and defend such Equipment against all Persons, claims and demands whatsoever. The Issuer shall not assign, sell, pledge, or exchange, or in any way encumber or otherwise dispose of the Equipment, except as permitted under this Indenture.

Preservation of the Equipment. The Issuer warrants that it is the lawful owner and possessor of the Equipment or (except with respect to Equipment in which it has a valid perfected security interest therein interest) and that it will warrant and defend such Equipment against all Persons, claims and demands whatsoever. The Issuer shall not assign, sell, pledge, or exchange, or in any way encumber or otherwise dispose of the Equipment, except as permitted under this the Indenture.