Priority of Liens; Title to Properties. The Liens granted to Agent under this Agreement and the other Financing Agreements constitute valid and, except as otherwise specifically consented to in writing by Agent or contemplated in this Agreement, perfected first priority Liens in and upon the Collateral subject only to Liens permitted under Section 9.9 hereof. Each Obligor has good and marketable title to all of its respective properties and assets subject to no Liens of any kind, except Permitted Liens.
Appears in 2 contracts
Samples: Loan and Security Agreement (Charming Shoppes Inc), Loan and Security Agreement (Charming Shoppes Inc)
Priority of Liens; Title to Properties. The Liens granted to Agent and Original Lender under this Agreement and the other Financing Agreements constitute valid and, except as otherwise specifically consented to in writing by Agent or contemplated in this Agreement, and perfected first priority Liens in and upon the Collateral subject only to Liens permitted under Section 9.9 hereofPermitted Liens. Each Obligor Borrower has good and marketable title to all of its respective properties and assets subject to no Liens of any kindLiens, except Permitted Liens.
Appears in 2 contracts
Samples: Credit Agreement (Imax Corp), Credit Agreement (Imax Corp)
Priority of Liens; Title to Properties. The Liens granted to Agent under this Agreement and the other Financing Agreements constitute valid and, except as otherwise specifically consented to in writing by Agent or contemplated in this AgreementAgent, perfected first priority Liens in and upon the Collateral and other property which is security for the Obligations subject only to Liens permitted under Section 9.9 hereof. Each Obligor has good and marketable title to all of its respective properties and assets subject to no Liens of any kind, except Permitted Liens.the Permitted
Appears in 1 contract
Priority of Liens; Title to Properties. The Liens granted to Agent under this Agreement and the other Financing Agreements constitute valid and, except as otherwise specifically consented to in writing by Agent or contemplated in this Agreement, perfected first priority Liens in and upon the Collateral subject only to Liens permitted under Section 9.9 hereof. Each Obligor has good and marketable title to all of its respective properties and assets subject to no Liens of any kind, except Permitted Liens.9.9
Appears in 1 contract