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Common use of Title and Authority Clause in Contracts

Title and Authority. It has (i) rights, interest in and to the Collateral in which it is granting a security interest hereunder and (ii) the requisite power and authority to grant to the Lender the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other person other than any consent or approval which has been obtained.

Appears in 6 contracts

Samples: Security Agreement (MATECH Corp.), Security Agreement (Material Technologies Inc /Ca/), Subordinated Security Agreement (Winwin Gaming Inc)

Title and Authority. It has (i) rights, interest rights in and good title to the Collateral in which it is granting a security interest hereunder and (ii) the requisite power and authority to grant to the Lender Agent the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other person other than any consent or approval which has been obtained.

Appears in 5 contracts

Samples: Security Agreement (SLM International Inc /De), Credit Agreement (American Bank Note Holographics Inc), Security Agreement (Water Pik Technologies Inc)

Title and Authority. It has (i) rights, interest rights in and good and valid title to the Collateral in which it is granting a security interest hereunder the Security Interest and (ii) the requisite power and authority to grant to the Lender Agent the Security Interest in the Grantor's interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other person other than any consent or approval which has been obtained.

Appears in 2 contracts

Samples: Credit Agreement (Manischewitz B Co LLC), Security Agreement (Rab Enterprises Inc)

Title and Authority. It has (i) rights, interest rights in and good title to the Collateral in which it is granting a security interest hereunder and (ii) the requisite power and authority to grant to the Lender Trustee the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other person Person other than any consent or approval which has been obtained.

Appears in 1 contract

Samples: Security Agreement (SLM International Inc /De)

Title and Authority. It has (i) rights, interest in and to the --------------------- Collateral in which it is granting a security interest hereunder and (ii) the requisite power and authority to grant to the Lender the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other person other than any consent or approval which has been obtained.

Appears in 1 contract

Samples: Security Agreement (National Parking Systems, Inc.)

Title and Authority. It has (i) rights, interest rights in and good title to ------------------- the Collateral in which it is granting a security interest hereunder and (ii) the requisite power and authority to grant to the Lender Secured Party the Security Interest in such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other person other than any consent or approval which has been obtained.

Appears in 1 contract

Samples: Security Agreement (Liberty Digital Inc)