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Common use of Title and Authority Clause in Contracts

Title and Authority. Each of the Grantors has good and -------------------- valid rights in and title to the Collateral with respect to which it has purported to grant a Security Interest hereunder (other than Trademarks which are not, individually or in the aggregate, material to any Grantor's business, condition or prospects) and has full power and authority to grant to the Security 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 2 contracts

Samples: Security Agreement (Brylane Inc), Security Agreement (Brylane Inc)

Title and Authority. Each of the Grantors Grantor has good and -------------------- valid rights in and title (or right to use in the case of Intellectual Property) to the Collateral with respect to which it has purported to grant a Security Interest hereunder (other than Trademarks which are not, individually or in the aggregate, material to any Grantor's business, condition or prospects) and has full power and authority to grant to the Security Collateral 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 Person other than any consent or approval which has been obtained.

Appears in 2 contracts

Samples: Security Agreement (Solutia Inc), Security Agreement (Solutia Inc)

Title and Authority. Each of the Grantors has good and -------------------- valid rights in and title to the Collateral with respect to which it has purported to grant a Security Interest hereunder (other than Trademarks which are not, individually or in the aggregate, material to any Grantor's business, condition or prospects) and has full power and authority to grant to the Security 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 1 contract

Samples: Security Agreement (Brylane Inc)

Title and Authority. Each of the Grantors has good and -------------------- valid rights in and title to the Collateral with respect to which it has purported to grant a Security Interest hereunder (other than Trademarks which are not, individually or in the aggregate, material to any Grantor's business, condition or prospects) and has full power and authority to grant to the Security Collateral 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 1 contract

Samples: Security Agreement (Allen Ethan Interiors Inc)

Title and Authority. Each of the Grantors has good and -------------------- valid rights in and title to the Collateral with respect to which it has purported to grant a Security Interest hereunder (other than Trademarks which are not, individually or in the aggregate, material to any Grantor's business, condition or prospects) and has full power and authority to grant to the Security Agent the Collateral Agents a Security Interest in such Collateral pursuant hereto and the Liens created under the other Security Documents and to execute, deliver and perform its obligations in accordance with the terms of this AgreementAgreement and the other Security Documents, 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: Credit Agreement (Unisource Worldwide Inc)

Title and Authority. Each of the Grantors Grantor has good and -------------------- valid rights in and title to the Collateral with respect to which it has purported to grant a Security Interest hereunder (other than Trademarks which are not, individually or in the aggregate, material to any Grantor's business, condition or prospects) and has full corporate power and authority to grant to the Security Collateral 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 (i) than any consent or approval which has been obtainedobtained and (ii) any consent or approval the failure of which to obtain could not impair or adversely affect the Security Interests intended to be granted hereunder.

Appears in 1 contract

Samples: Security Agreement (Terex Corp)