Rights in Collateral; Priority of Liens. All Collateral is owned or leased by Borrower, free and clear of any and all Liens in favor of third parties, other than Permitted Liens. The Liens granted to TBCC pursuant to the Loan Documents constitute valid, enforceable and perfected first-priority Liens on the Collateral, except for Permitted Liens.
Appears in 7 contracts
Samples: Loan and Security Agreement (Endocare Inc), Loan and Security Agreement (Shopnow Com Inc), Loan and Security Agreement (Backweb Technologies LTD)
Rights in Collateral; Priority of Liens. All Collateral is owned or --------------------------------------- leased by Borrower, free and clear of any and all Liens in favor of third parties, other than Permitted Liens. The Liens granted to TBCC pursuant to the Loan Documents constitute valid, enforceable and perfected first-priority Liens on the Collateral, except for Permitted Liens.
Appears in 3 contracts
Samples: Annual Report, Loan and Security Agreement (Odetics Inc), Loan and Security Agreement (Personify Inc)
Rights in Collateral; Priority of Liens. All Collateral is owned or leased by BorrowerObligor, free and clear of any and all Liens in favor of third parties, other than Permitted Liens. The Liens granted to TBCC pursuant to the Loan Documents constitute valid, enforceable and perfected first-priority Liens on the Collateral, except for Permitted Liens.
Appears in 1 contract
Samples: Security Agreement (Idt Corp)
Rights in Collateral; Priority of Liens. All Collateral is owned or ----------------------------------------- leased by Borrower, free and clear of any and all Liens in favor of third parties, other than Permitted Liens. The Liens granted to TBCC pursuant pur-suant to the Loan Documents constitute valid, enforceable and perfected first-priority Liens on the Collateral, except for Permitted Liens.
Appears in 1 contract
Rights in Collateral; Priority of Liens. All Collateral is owned owned, licensed to Borrower or leased by Borrower, free and clear of any and all Liens in favor of third parties, other than Permitted Liens. The Liens granted to TBCC TTFC pursuant to the Loan Documents constitute valid, enforceable and perfected first-priority Liens on the Collateral, except for Permitted Liens.
Appears in 1 contract
Rights in Collateral; Priority of Liens. All Collateral is and all IP --------------------------------------- Assets are owned or leased by Borrower, free and clear of any and all Liens in favor of third parties, other than Permitted Liens. The Liens granted to TBCC pursuant to the Loan Documents constitute valid, enforceable and perfected first-priority Liens on the Collateral, except for Permitted Liens.
Appears in 1 contract
Samples: Loan and Security Agreement (Pilot Network Services Inc)
