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 Secured Party or as permitted by the Credit Agreement) or, subject to Section 4.13 hereof, sell, assign or otherwise transfer any of the Collateral (other than as permitted by the Credit Agreement) to or in favor of any person other than Secured Party. 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 or as permitted by the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Rancher Energy Corp.)

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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 Credit Agreement) or, subject to Section 4.13 hereof, 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 other than Secured Party. Debtor will not file or or, to the extent it is able, 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 or as permitted by the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Kentucky USA Energy, Inc.)

Title; Prohibited Liens and Filings. Debtor agrees Debtors agree to protect the Debtors’ title to the Collateral. Debtor Debtors 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 Permitted Encumbrances and other than as permitted by the Credit Agreement) or, subject to Section 4.13 4.12 hereof, sell, assign assign, dispose or otherwise transfer any of the Collateral to or in favor of any Person other than Secured Party (other than as permitted by the Credit Agreement) to or in favor of any person other than Secured Party). Debtor Debtors 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 Party, in favor of other Persons with respect to Permitted Encumbrances, or as permitted by the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (EnerJex Resources, Inc.)

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 under the Credit Agreement) or, subject to Section 4.13 hereof, or sell, assign or otherwise transfer any of the Collateral (other than Inventory as permitted by the Credit Section 4.13 of this Security Agreement) to or in favor of any person or entity other than Secured Party. 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 or as permitted by under the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Lucas Energy, Inc.)

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Title; Prohibited Liens and Filings. Each Debtor agrees to protect the title to the Collateral. Debtor Debtors 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 Credit AgreementPermitted Encumbrances) or, subject to Section 4.13 4.12 hereof, sell, assign assign, dispose or otherwise transfer any of the Collateral (other than as expressly permitted by the Credit Agreement) to or in favor of any person other than Secured Party. Debtor Debtors 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 or as permitted by the Credit Agreement.

Appears in 1 contract

Samples: Security Agreement (Stratum Holdings, Inc.)

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