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Common use of Title; Liens Clause in Contracts

Title; Liens. Borrower has good and marketable title to the Collateral as sole owner thereof. There are no existing liens on any Property of Borrower, except for liens in favor of Lender and liens described in Schedule 5.17. Except as set forth on Schedule 5.17, none of the Collateral is subject to any prohibition against encumbering, pledging, hypothecating or assigning the same or requires notice or consent in connection therewith.

Appears in 4 contracts

Samples: Loan Agreement (Hudson Technologies Inc /Ny), Loan Agreement (Hudson Technologies Inc /Ny), Loan Agreement (Iec Electronics Corp)

Title; Liens. Borrower has good and marketable title to the Collateral as sole owner thereof. There are no existing liens on any Property of Borrower, except for (i) liens in favor of Lender and Lender, (ii) liens described in Schedule 5.17. Except as set forth on Schedule 5.17, none of the Collateral is subject to any prohibition against encumbering, pledging, hypothecating or assigning the same or requires notice or consent in connection therewith5.17 and (iii) liens permitted by Section 9.5.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Synergx Systems Inc), Revolving Loan Agreement (Jaclyn Inc)

Title; Liens. Borrower has (a) Borrowers have good and marketable title to the Collateral as sole owner thereof. . (b) There are no existing liens on any Property of Borrower, either Borrower except for liens in favor of Lender and liens described in Schedule 5.17. Except as set forth on Schedule 5.17, none . (c) None of the Collateral is subject to any prohibition against encumbering, pledging, hypothecating or assigning the same or requires notice or consent in connection therewith.

Appears in 1 contract

Samples: Revolving/Term Loan Agreement (Ep Medsystems Inc)

Title; Liens. Borrower has good and marketable title to the Collateral as sole owner thereof. There are no existing liens on any Property of Borrower, except for liens in favor of Lender and liens described in Schedule 5.17Permitted Liens. Except as set forth on Schedule 5.17, none of the Collateral is subject to any prohibition against encumbering, pledging, hypothecating or assigning the same or requires notice or consent in connection therewith.

Appears in 1 contract

Samples: Revolving Loan Agreement (Hirsch International Corp)