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 5.1.4. This Security Agreement constitutes a legal, valid and binding obligation of each Individual Grantor and creates a security interest which is enforceable against such Individual Grantor in all Equity Collateral it now owns or hereafter acquires.
Appears in 6 contracts
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 Such 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 5.1.4Permitted Liens. This Security Agreement constitutes a legal, valid and binding obligation of each Individual Grantor and creates a security interest which that is enforceable against such Individual Grantor in all Equity Collateral it now owns or shall hereafter acquiresacquire.
Appears in 2 contracts
Samples: Guaranty and Security Agreement, Guaranty and Security Agreement (Landmark Infrastructure Partners LP)
