Common use of Title; Adverse Liens Clause in Contracts

Title; Adverse Liens. Except for prior security interests disclosed on Exhibit A-2 (if any) and except for the security interest granted hereby, the Borrower is the owner of presently owned Collateral and will be the owner of Collateral hereafter acquired free from any adverse lien, and Borrower will defend the Collateral against the claims and demands of all persons at any time claiming the same or any interest therein.

Appears in 2 contracts

Samples: Line of Credit Agreement (Mikron Instrument Co Inc), Line of Credit Agreement (Fragrancenet Com Inc)

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Title; Adverse Liens. Except for prior security interests disclosed on Exhibit |Exhibit A-2 (if any) and except for the security interest granted hereby, the Borrower is the owner of presently owned Collateral and will be the owner of Collateral hereafter acquired free from any adverse lien, and Borrower will defend the Collateral against the claims and demands of all persons at any time claiming the same or any interest therein.

Appears in 1 contract

Samples: Line of Credit Agreement (Technical Communications Corp)

Title; Adverse Liens. Except for prior security interests disclosed on Exhibit A-2 (if any) and except for the security interest granted hereby, the Borrower is the owner of presently owned Collateral and will be the owner of Collateral hereafter acquired free from any adverse lienlien or encumbrance (other than those in favor of Bank), and Borrower will defend the Collateral against the claims and demands of all persons at any time claiming the same or any interest therein.

Appears in 1 contract

Samples: Revolver/Term Loan Agreement (Mikron Instrument Co Inc)

Title; Adverse Liens. Except for prior security interests disclosed on Exhibit A-2 (if any) and except for the security interest granted hereby, the Borrower is the owner of presently owned Collateral and will be the owner of Collateral hereafter acquired free from any adverse lienlien or encumbrance (other than those in favor of the Bank), and Borrower will defend the Collateral against the claims and demands of all persons at any time claiming the same or any interest therein.

Appears in 1 contract

Samples: Term Loan Agreement (Vivus Inc)

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Title; Adverse Liens. Except for prior security interests disclosed on Exhibit Exhibits A-2 (if any) and except for the security interest granted hereby, the Borrower is the owner of presently owned Collateral and will be the owner of Collateral hereafter acquired free from any adverse lien, and Borrower will defend the Collateral against the claims and demands of all persons at any time claiming the same or any interest therein.

Appears in 1 contract

Samples: Line of Credit Agreement (United Energy Corp /Nv/)

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