Common use of Prior Encumbrances Clause in Contracts

Prior Encumbrances. There are no existing mortgages, pledges, liens or other encumbrances of any kind upon, or any security interests in, any of the Collateral, except for Permitted Liens. The Debtor will defend the Collateral against all claims and demands of all Persons at any time claiming any interest therein, except for claims and demands relating to Permitted Liens.

Appears in 3 contracts

Samples: Security Agreement, Security Agreement (Trex Co Inc), Security Agreement (Trex Co Inc)

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Prior Encumbrances. There are no existing mortgages, pledges, liens or other encumbrances of any kind upon, or any security interests in, any of the CollateralCollateral owned by the Debtor, except for Permitted Liens. The Debtor will defend the Collateral owned by the Debtor against all claims and demands of all Persons at any time claiming any interest therein, except for claims and demands relating to Permitted Liens.

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (Trex Co Inc)

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