Common use of Preservation of Title to Collateral Clause in Contracts

Preservation of Title to Collateral. Borrower is to immediately notify Lender of any material loss or damage to, or any occurrence which would adversely affect the security interest of Lender in and to the Collateral. The Collateral is to be free and clear of all assignments, mortgages, pledges, liens, security interests, leases, or encumbrances, except as provided on Schedule 1. The Borrower is to continue to maintain good and marketable title to the Collateral, except as provided in this Agreement, at the sole expense of the Borrower.

Preservation of Title to Collateral. Borrower is They are to immediately notify Lender Agent of any material loss or damage to, or any occurrence which would adversely affect the security interest of Lender Agent in and to the Collateral. The Collateral is to be free and clear of all assignments, mortgages, pledges, liens, security interests, leases, or encumbrances, in each case except as provided on Schedule 1for any Permitted Lien. The Borrower is to continue to maintain good and marketable title to the Collateral, except for any Permitted Lien or as otherwise provided in this AgreementAgreement or any other Loan Document, at the sole expense of the Borrower.

Preservation of Title to Collateral. Borrower is They are to immediately notify Lender of any material loss or damage to, or any occurrence which would adversely affect the security interest of Lender in and to the Collateral. The Collateral is to be free and clear of all assignments, mortgages, pledges, liens, security interests, leases, or encumbrances, except as provided on Schedule 1. The Borrower is to continue to maintain good and marketable title to the Collateral, as the case may be, except as provided in this Agreement, at the sole expense of the Borrower.

Preservation of Title to Collateral. The Borrower is to immediately notify Lender of any material loss or damage to, or any occurrence which would adversely affect the security interest of Lender in and to the Collateral. The Collateral is to be free and clear of all assignments, mortgages, pledges, liens, security interests, leases, or encumbrances, except as provided on Schedule 1. The Borrower is to continue to maintain good and marketable title to the Collateral, except as provided in this Agreement, at the sole expense of the Borrower.