Common use of Title and Authority Clause in Contracts

Title and Authority. The Pledgor is the owner of the Collateral and has good and marketable title to the Collateral free and clear of any Liens. The Pledgor has full power and authority to grant the Security Interests to the Bank in the 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 Person other than any consent or approval which has been obtained.

Title and Authority. The Pledgor is the owner of the Collateral currently in existence and has good and marketable title to the Collateral free and clear of any Liensliens other than the lien created by this Agreement. The Pledgor has full power and authority to grant the Security Interests to the Bank Xxxxxxx in the 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 Person other than any consent or approval which has been obtained.