Title to Collateral, etc. Each of the Borrowers is the owner of the Collateral free from any adverse lien, security interest or other encumbrance, except for the security interest created by this Security Agreement and Permitted Liens. None of the Collateral constitutes, or is the proceeds of, "farm products" as defined in ss.9-109(3) of the Uniform Commercial Code of the State of New York. None of the account debtors in respect of any accounts, chattel paper or general intangibles and none of the obligors in respect of any instruments included in the Collateral is a governmental authority subject to the Federal Assignment of Claims Act.
Appears in 1 contract
Samples: Security Agreement (Nationsrent Inc)
Title to Collateral, etc. Each of the Borrowers The Company is the owner of the Collateral free from any adverse lien, security interest or other encumbrance, except for the security interest created by this Security Agreement and Permitted Liensother liens permitted by the Credit Agreement. None of the Collateral constitutes, or is the proceeds of, "farm products" as defined in ss.9Section 9-109(3) of the Uniform Commercial Code of the State Commonwealth of New YorkMassachusetts. None of the account debtors in respect of any accounts, chattel paper or general intangibles and none of the obligors in respect of any instruments included in the Collateral is a governmental authority subject to the Federal Assignment of Claims Act.
Appears in 1 contract
Title to Collateral, etc. Each of the Borrowers is the owner of the Collateral free from any adverse lien, security interest or other encumbrance, except for the security interest created by this Security Agreement and Permitted Liensother liens permitted by the Credit Agreement. None of the Collateral constitutes, or is the proceeds of, "farm products" as defined in ss.9-109(3) of the Uniform Commercial Code of the State Commonwealth of New YorkMassachusetts. None of the account debtors in respect of any accounts, chattel paper or general intangibles and none of the obligors in respect of any instruments included in the Collateral is a governmental authority subject to the Federal Assignment of Claims Act.
Appears in 1 contract
Samples: Security Agreement (Nationsrent Inc)
Title to Collateral, etc. Each of the Borrowers The Company is the owner of the Collateral ------------------------ free from any adverse lien, security interest or other encumbrance, except for the security interest created by this Security Agreement and Permitted Liensother liens permitted by the Credit Agreement. None of the Collateral constitutes, or is the proceeds of, "farm products" as defined in ss.9-109(3) of the Uniform Commercial Code of the State Commonwealth of New YorkMassachusetts. None of the account debtors in respect of any accounts, chattel paper or general intangibles and none of the obligors in respect of any instruments included in the Collateral is a governmental authority subject to the Federal Assignment of Claims Act.
Appears in 1 contract
Title to Collateral, etc. Each of the Borrowers is the owner of the Collateral free from any adverse lien, security interest or other encumbrance, except for the security interest created by this Security Agreement and Permitted Liensother liens permitted by the Credit Agreement. None of the Collateral constitutes, or is the proceeds of, "farm products" as defined in ss.9-109(3) of the Uniform Commercial Code of the State of New York. None of the account debtors in respect of any accounts, chattel paper or general intangibles and none of the obligors in respect of any instruments included in the Collateral is a governmental authority subject to the Federal Assignment of Claims Act.
Appears in 1 contract
Samples: Security Agreement (Nationsrent Inc)