Common use of Title, Authorization, Validity and Enforceability Clause in Contracts

Title, Authorization, Validity and Enforceability. The Debtor has good and valid rights in or the power to transfer the Collateral and title to the Collateral with respect to which it has purported to grant a security interest hereunder, free and clear of all Liens except for Liens permitted under Section 4.1.6, and has full power and authority to grant to the Agent the security interest in such Collateral pursuant hereto. The execution and delivery by the Debtor of this Security Agreement has been duly authorized by proper company proceedings, and this Security Agreement constitutes a legal, valid and binding obligation of the Debtor and creates a security interest which is enforceable against the Debtor in all now owned and hereafter acquired Collateral.

Title, Authorization, Validity and Enforceability. The Debtor has good and valid rights in or the power to transfer the Collateral and title to the Collateral with respect to which it has purported to grant a security interest hereunder, free and clear of all Liens except for Liens permitted under Section 4.1.6, and has full power and authority to grant to the Agent Lender the security interest in such Collateral pursuant hereto. The execution and delivery by the Debtor of this Security Agreement has been duly authorized by proper company corporate proceedings, and this Security Agreement constitutes a legal, valid and binding obligation of the Debtor and creates a security interest which is enforceable against the Debtor in all now owned and hereafter acquired Collateral.

Title, Authorization, Validity and Enforceability. The Debtor Borrower has good and valid rights in or the power to transfer the Collateral and title to the Collateral with respect to which it has purported to grant a security interest hereunder, free and clear of all Liens except for Liens permitted under Section 4.1.64.1(f), and has full power and authority to grant to Agent, for the Agent benefit of the Lenders, the security interest in such Collateral pursuant hereto. The execution and delivery by the Debtor Borrower of this Security Agreement has been duly authorized by proper company corporate proceedings, and this Security Agreement constitutes a legal, valid and binding obligation of the Debtor Borrower and creates a security interest which is enforceable against the Debtor Borrower in all now owned and hereafter acquired Collateral.. SECURITY AGREEMENT (HII Technologies)

Title, Authorization, Validity and Enforceability. The Debtor Borrower has good and valid rights in or the power to transfer the Collateral and title to the Collateral with respect to which it has purported to grant a security interest hereunder, free and clear of all Liens except for Liens permitted under Section 4.1.64.1(f), and has full power and authority to grant to the Administrative Agent the security interest in such Collateral pursuant hereto. The execution and delivery by the Debtor Borrower of this Security Agreement has been duly authorized by proper company corporate proceedings, and this Security Agreement constitutes a legal, valid and binding obligation of the Debtor Borrower and creates a security interest which is enforceable against the Debtor Borrower in all now owned and hereafter acquired Collateral.