Common use of Purchaser to Acquire Good Title Clause in Contracts

Purchaser to Acquire Good Title. Any purchaser of the Collateral at any sale or other disposition thereof pursuant to this Section 8 will, upon any such purchase, acquire good title to the Collateral so purchased free of the lien and security interest created by this Agreement and free of all rights of equity or redemption in any Pledgor, which rights each Pledgor hereby expressly waives and releases to the full extent permitted by law, and each Pledgor will warrant and defend the title of such purchaser against all claims arising by, through or under the Pledgors. Nevertheless, if so requested by the Pledgee or any such purchaser, each Pledgor will ratify and confirm any exercise of remedies by the Pledgee hereunder by executing and delivering to the Pledgee or such purchaser all bills of sale, assignments, releases and other proper instruments to effect such ratification and confirmation as may be designated in any such request. In addition, each Pledgor will do or cause to be done all such other acts and things as may be reasonably necessary to make such exercise of remedies valid and binding and in compliance with any and all applicable laws, regulations, orders, writs, injunctions, decrees or awards of any and all courts, arbitrators or governmental instrumentalities, domestic or foreign, having jurisdiction over any such exercise, all at such Pledgor's expense.

Purchaser to Acquire Good Title. Any purchaser of the Collateral at any sale or other disposition thereof pursuant to this Section 8 will, upon any such purchase, acquire good title to the Collateral so purchased free of the lien and security interest created by this Agreement and free of all rights of equity or redemption in any Pledgor, which rights each Pledgor hereby expressly waives and releases to the full extent permitted by law, and each Pledgor will warrant and defend the title of such purchaser against all claims arising by, through or under the PledgorsPledgor. Nevertheless, if so requested by the Pledgee Trustee or any such purchaser, each Pledgor will ratify and confirm any exercise of remedies by the Pledgee Trustee hereunder by executing and delivering to the Pledgee Trustee or such purchaser all bills of sale, assignments, releases and other proper instruments to effect such ratification and confirmation as may be designated in any such request. In addition, each Pledgor will do or cause to be done all such other acts and things as may be reasonably necessary to make such exercise of remedies valid and binding and in compliance with any and all applicable laws, regulations, orders, writs, injunctions, decrees or awards of any and all courts, arbitrators or governmental instrumentalities, domestic or foreign, having jurisdiction over any such exercise, all at such Pledgor's expense.