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