Common use of Title; Prohibited Liens and Filings Clause in Contracts

Title; Prohibited Liens and Filings. Debtor agrees to protect the title to the Collateral. Debtor will not pledge, mortgage, otherwise encumber, create or suffer a Lien to exist on any of the Collateral (other than in favor of the Secured Party) or sell, assign or otherwise transfer any of the Collateral to or in favor of any Person other than the Secured Party without the Secured Party’s written consent. Debtor will not file or permit to be filed or recorded any financing statement or other security instrument with respect to the Collateral other than in favor of Secured Party.

Appears in 4 contracts

Samples: Amended and Restated Security Agreement (Primeenergy Corp), Security Agreement (Primeenergy Corp), Security Agreement (Primeenergy Corp)

AutoNDA by SimpleDocs

Title; Prohibited Liens and Filings. Debtor agrees to protect the title to the Collateral. Debtor will not pledge, mortgage, otherwise encumber, create or suffer a Lien to exist on any of the Collateral (other than in favor of Secured Party or as permitted by the Secured PartyCredit Agreement) or sell, assign or otherwise transfer any of the Collateral (other than as permitted by the Credit Agreement) to or in favor of any Person person other than the Secured Party without the Secured Party’s written consent. Debtor will not file or permit to be filed or recorded any financing statement or other security instrument with respect to the Collateral other than in favor of Secured PartyParty or as permitted by the Credit Agreement.

Appears in 2 contracts

Samples: Security Agreement (Doral Energy Corp.), Security Agreement (Doral Energy Corp.)

Title; Prohibited Liens and Filings. Debtor agrees to --------------------------------------- protect the title to the Collateral. Debtor will not pledge, mortgage, otherwise encumber, create or suffer a Lien lien to exist on any of the Collateral (other than in favor of the Secured Party) or sell, assign or otherwise transfer any of the Collateral (other than Inventory as permitted by Section 3.13 of this Security Agreement) to or in favor of any Person person other than the Secured Party without the Secured Party’s written consent. Debtor will not file or permit to be filed or recorded any financing statement or other security instrument with respect to the Collateral other than in favor of Secured Party.

Appears in 1 contract

Samples: Security Agreement (Colony Energy, Inc.)

AutoNDA by SimpleDocs

Title; Prohibited Liens and Filings. Debtor agrees to protect the title to the Collateral. Debtor will not pledge, mortgage, lease or otherwise encumber, or create or suffer a Lien security interest to exist on in any of the Collateral (other than in favor of the Secured Party) or sell, assign or otherwise transfer any of the Collateral (other than inventory as permitted by Section 4.13 of this Security Agreement) to or in favor of any Person anyone other than the Secured Party without the Secured Party’s written consent. Debtor will not file or permit to be filed or recorded any financing statement or other security instrument with respect to the Collateral other than in favor of Secured Party.

Appears in 1 contract

Samples: Security Agreement (Temtex Industries Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.