Title, Authorization, Validity and Enforceability. Each Individual Grantor has good and valid rights in or the power to transfer the Equity Collateral owned by it and title to the Equity 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 5.1.
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Samples: Pledge and Security Agreement, Pledge and Security Agreement (GWG Holdings, Inc.), Pledge and Security Agreement (GWG Life, LLC)
Title, Authorization, Validity and Enforceability. Each Individual Entity Grantor has good and valid rights in or the power to transfer the Equity Collateral owned by it and title to the Equity 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 5.15.
Appears in 1 contract
Samples: Pledge and Security Agreement
Title, Authorization, Validity and Enforceability. Each Individual such Grantor has good and valid rights in or the power to transfer (and with respect to intellectual property rights, grant a security interest in) the Equity Pledged Collateral owned by it and title to the Equity Pledged 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 5.1.4.1.6 hereof, and has full corporate, limited liability 6
Appears in 1 contract
