Common use of Right to Grant Security Interest Clause in Contracts

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. The Pledgor has the right to pledge and grant a security interest the Security Interest in the Collateral Collateral, free of any encumbrances other than the lien created hereby;