Representations and Warranties Concerning Collateral, Etc. The Company further represents and warrants to the Secured Party that the Company is the owner of the Collateral, free from any adverse lien, security interest or other encumbrance, except for liens incurred in the ordinary course of business which arise by operation of law and which liens secure amounts not yet due, and liens in favor of existing lenders of the Company.
Appears in 2 contracts
Samples: Security Agreement (Digipath, Inc.), Security Agreement (Digipath, Inc.)
Representations and Warranties Concerning Collateral, Etc. The Company further represents and warrants to the Secured Party Lender that the Company is the owner of the Collateral, free from any right or claim of any person or any adverse lien, security interest or other encumbrance, except for liens incurred in the ordinary course of business which arise security interest created by operation of law and which liens secure amounts not yet due, and liens in favor of existing lenders of the Companythis Agreement.
Appears in 2 contracts
Samples: Security Agreement (Uluru Inc.), Security Agreement (Uluru Inc.)
Representations and Warranties Concerning Collateral, Etc. The Company further represents and warrants to the Secured Party that the Company is the owner of the Collateral, free from any adverse lien, security interest or other encumbrance, except for liens incurred in the ordinary course of business which arise by operation of law and which liens secure amounts not yet due, and liens in favor of existing lenders the collateral agent for the benefit of the holders of the Company’s 8% Senior Secured Convertible Notes in the aggregate principal amount of $500,000 issued in November 2018.
Appears in 1 contract
Samples: Security Agreement (Digipath, Inc.)
Representations and Warranties Concerning Collateral, Etc. The Company further represents and warrants to the Secured Party Collateral Agent that the Company is the owner of the Collateral, free from any adverse lien, security interest or other encumbrance, except for liens incurred in the ordinary course of business which arise by operation of law and which liens secure amounts not yet due, and liens in favor of existing lenders of the Company.
Appears in 1 contract
Samples: Security Agreement (Digipath, Inc.)