Right to Grant Security Interest; No Further Encumbrances. 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.
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Samples: Loan and Security Agreement (DSG International LTD), Loan and Security Agreement (DSG International LTD)
Right to Grant Security Interest; No Further Encumbrances. Borrower has the right to grant a security interest in the its Equipment Collateral. Borrower will pay all taxes and other charges against the its Equipment Collateral. Borrower will not use the any Equipment Collateral illegally or allow the any Equipment Collateral to be encumbered except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances.
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Right to Grant Security Interest; No Further Encumbrances. Each Borrower has the right to grant a security interest in the its Equipment Collateral. Each Borrower will pay all taxes and other charges against the its Equipment Collateral. No Borrower will not use the any Equipment Collateral illegally or allow the any Equipment Collateral to be encumbered except for the security interest in favor of Lender granted herein and except for any Permitted Encumbrances.
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