Rights to Collateral. (a) The Pledgor either owns the Collateral or has the right to grant the security interest to be granted by the Pledgor herein, and none of such Collateral is subject to any Lien, other than (i) the security interest established hereunder in favor of the Secured Party; or (ii) as imposed by applicable federal and state securities laws. (b) No security agreement, financing statement or other public notice with respect to all or any part of the Collateral is on file or of record in any public office, except such as may have been filed in favor of the Secured Party pursuant to this Agreement.
Appears in 4 contracts
Samples: Pledge and Security Agreement (Allied Healthcare International Inc), Pledge and Security Agreement (Transworld Healthcare Inc), Pledge and Security Agreement (Aitken Timothy M)
