Right to Grant Security Interest. Grantor has the full right, power, and authority to enter into this Agreement and to assign the Collateral to Lender.
Right to Grant Security Interest. The Pledgor has the right to pledge and grant a security interest in the Collateral free of any encumbrances other than the lien created hereby;
Right to Grant Security Interest. Borrower has the right to grant a security interest in the Equipment Collateral. Borrower will pay all taxes and other charges against the Equipment Collateral, Borrower will not use the Equipment Collateral illegally or allow the Equipment Collateral to be encumbered except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances.
Right to Grant Security Interest. It has the right to grant a security interest in its Equipment Collateral. It will pay all taxes and other charges against its Equipment Collateral. It will not use the Equipment Collateral illegally or allow its Equipment Collateral to be encumbered except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances.
Right to Grant Security Interest. It has full right, power and authority to grant this security interest in its Accounts Receivable Collateral and hereafter will not pledge, hypothecate, grant a security interest in, sell, assign, transfer, or otherwise dispose of its Accounts Receivable Collateral, or any interest therein.
Right to Grant Security Interest. Beneficiary has the full right, power and authority to enter into this Pledge Agreement and to grant a security interest, assignment and pledge of the Collateral to Lender as provided herein, and this Pledge Agreement and the security interest created by Beneficiary hereunder does not violate or breach, or result in the creation of an Encumbrance under, the Trust Agreement or any other document, instrument, mortgage or agreement to which Beneficiary is a party or to which its assets are bound.
Right to Grant Security Interest. Borrower has the right to ---------------------------------- grant a security interest in the Inventory Collateral. Borrower will pay all taxes and other charges against the Inventory Collateral, and Borrower will not use the Inventory Collateral illegally or allow the Inventory Collateral to be encumbered except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances.
Right to Grant Security Interest. Grantor has the full right, power, and authority to enter into this Agreement and to assign to the Collateral to Lender. NO FURTHER TRANSFER. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the Collateral except as provided in this Agreement. NO DEFAULTS. There are no defaults relating to the Collateral, and there are no offsets or counterclaims to the same. Grantor will strictly and promptly do everything required of Grantor under the terms, conditions, promises, and agreements contained in or relating to the Collateral.
Right to Grant Security Interest. 21 6.5. LOCATION................................................................................................21 7. REPRESENTATIONS, WARRANTIES AND COVENANTS APPLICABLE TO BALANCES COLLATERAL................................21 7.1. OWNERSHIP...............................................................................................21 7.2. REMEDIES................................................................................................21 7.3. LIENS...................................................................................................21 8. REPRESENTATIONS, WARRANTIES AND COVENANTS APPLICABLE TO INTANGIBLES COLLATERAL.............................21 8.1. OWNERSHIP...............................................................................................21 8.2. LIENS...................................................................................................21 8.3. PRESERVATION............................................................................................22
Right to Grant Security Interest. Grantor has the full right, power, and authority to enter into this Agreement and to assign the Collateral to Lender. 11-30-1998 ASSIGNMENT OF DEPOSIT ACCOUNT LOAN NO. 3400069949 (CONTINUED) PAGE 2 -------------------------------------------------------------------------------- NO FURTHER TRANSFER. Grantor will not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the Collateral except as provided in this Agreement. NO DEFAULTS. There are no defaults relating to the Collateral, and there are no offsets or counterclaims to the same. Grantor will strictly and promptly do everything required of Grantor under the terms, conditions, promises, and agreements contained in or relating to the Collateral.
