Common use of Title and Authority Clause in Contracts

Title and Authority. The Borrower has good and valid rights in and title to the Collateral and has full power and authority to grant to the Collateral Agent the Security Interest 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 other Person other than any consent or approval which has been obtained.

Appears in 3 contracts

Samples: Security Agreement (Winstar Communications Inc), Security Agreement (Winstar Communications Inc), Credit Agreement (Winstar Communications Inc)

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Title and Authority. The Borrower has good and valid (i) rights in and good title to the Collateral in which it is granting a security interest hereunder and has full (ii) the requisite corporate power and authority to grant to the Collateral Agent Secured Party the Security Interest in the 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 (Liquidmetal Technologies Inc)

Title and Authority. The Borrower represents and warrants to the Lender that the Borrower has good (i) good, valid and valid rights in and unassailable title to all of the Collateral Collateral, and has (ii) full power and authority to grant to the Collateral Agent Lender the Security Interest security interest in the such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this AgreementAgreement and the Security Documents, without the consent or approval of any other Person other than any consent or approval which that has been obtained.

Appears in 1 contract

Samples: 364 Day Secured Liquidity Credit Facility Agreement (Progressive Corp/Oh/)

Title and Authority. The Borrower has good and valid --------------------- rights in and good title to the Collateral and has full power and authority to grant to the Collateral Agent the Security Interest Lender a security interest in the Collateral pursuant hereto to this Agreement 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: Loan and Security Agreement (Tele Communications Inc /Co/)

Title and Authority. The Borrower has good and valid (i) rights in and good title to the Collateral in which it is granting a security interest hereunder and has full (ii) the requisite corporate power and authority to grant to the Collateral Agent the Security Interest in the 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 (Debt Resolve Inc)

Title and Authority. The Borrower Debtor has good and valid rights in and title to the Collateral with respect to which it has purported to grant a Security Interest hereunder and has full power and authority to grant to the Collateral Agent Secured Party the Security Interest in the 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 (Tenby Pharma Inc)

Title and Authority. The Borrower is the owner of the Collateral and has good and valid rights in and marketable title to the Collateral free and clear of any Liens. The Borrower has full power and authority to grant the Security Interests to the Collateral Agent the Security Interest Bank in the Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, 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: Collateral Pledge Agreement (Chesapeake Biological Laboratories Inc)

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Title and Authority. The Borrower is the sole legal and beneficial owner of, and has rights in, and good and valid rights in and marketable title to to, the Collateral and Collateral. The Borrower has full power and authority to grant the Security Interests to the Collateral Agent the Security Interest Lender in the Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, Agreement without the consent or approval of any other Person (other than any consent or approval which has been obtained). The Collateral is free and clear of any Liens, other than Permitted Liens, and is not on consignment.

Appears in 1 contract

Samples: Security Agreement (Optical Cable Corp)

Title and Authority. The Borrower has good and valid rights in and good title to the Collateral and has full power and authority to grant to the Collateral Agent the Security Interest Lender a security interest in the Collateral pursuant hereto to this Agreement 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: Loan and Security Agreement (Tele Communications Inc /Co/)

Title and Authority. The Borrower has good and valid rights in and good title to the ------------------- Collateral and has full power and authority to grant to the Collateral Agent the Security Interest Lender a security interest in the Collateral pursuant hereto to this Agreement 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: Loan and Security Agreement (DMX Inc)

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