Common use of Sole Owner Clause in Contracts

Sole Owner. Except for the security interest granted to the Administrative Agent pursuant to this Security Agreement, such Grantor is the sole legal and beneficial owner or authorized licensee of each item of the Collateral in which it purports to grant a security interest hereunder, having good and sufficient title thereto, or a valid interest as a lessee or licensee thereunder, free and clear of any and all Liens (except Permitted Liens), and, in the case of Patents and Trademarks, free and clear of Licenses, registered user agreements and covenants not to xxx third Persons. No amounts payable under or in connection with any of its Accounts or Contracts are evidenced by Instruments in excess of $100,000 that have not been delivered to the Administrative Agent.

Sole Owner. Except for the security interest granted to the Administrative Collateral Agent pursuant to this Security Agreement, such Grantor is the sole legal and beneficial owner or lessee or authorized licensee of each item of the Collateral in which it purports to grant a security interest hereunder, having good and sufficient title thereto, or a valid interest as a lessee or licensee thereunder, free and clear of any and all Liens (except Permitted Liens), and, in the case of Patents and Trademarks, free and clear of Licenses, registered user agreements and covenants not to xxx sxx third Persons. No amounts payable under or in connection with any of its Accounts or Contracts are evidenced by Instruments in excess of $100,000 that which have not been delivered to the Administrative Collateral Agent.

Sole Owner. Except for the security interest granted to the Administrative Collateral Agent pursuant to this Security Agreement, such Grantor is the sole legal and beneficial owner or lessee or authorized licensee of each item of the Collateral in which it purports to grant a security interest hereunder, having good and sufficient title thereto, or a valid interest as a lessee or licensee thereunder, free and clear of any and all Liens (except Permitted Excepted Liens), and, in the case of Patents and Trademarks, free and clear of Licenses, registered user agreements and covenants not to xxx third Persons. No amounts payable under or in connection with any of its Accounts or Contracts are evidenced by Instruments in excess of $100,000 that which have not been delivered to the Administrative Collateral Agent.