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Common use of Title to Collateral; Perfected Security Interest Clause in Contracts

Title to Collateral; Perfected Security Interest. Pledgor has good and marketable title to the Additional Collateral, free of all Liens (other than the Lien created by the Collateral Agreement) and Transfer Restrictions and has good, right and lawful authority to assign, transfer and pledge such Additional Collateral under the Collateral Agreement. Upon delivery of the Additional Collateral to the Collateral Agent, the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Additional Collateral subject to no other Lien. None of such Additional Collateral is or shall be pledged by Pledgor as collateral for any other purpose. This Certificate may be relied upon by Purchaser as fully and to the same extent as if this Certificate had been specifically addressed to Purchaser. Capitalized terms not otherwise defined Certificate have the respective meanings specified in the Collateral Agreement.

Appears in 5 contracts

Samples: Collateral Agreement (2010 Swift Mandatory Common Exchange Security Trust), Collateral Agreement (Murdock David H), Collateral Agreement (Eleventh Automatic Common Exchange Security Trust)

Title to Collateral; Perfected Security Interest. Pledgor has good and marketable title to the Additional Substituted Collateral, free of all Liens (other than the Lien created by the Collateral Agreement) and Transfer Restrictions and has good, right and lawful authority to assign, transfer and pledge such Additional Substitute Collateral under the Collateral Agreement. Upon delivery of the Additional Substituted Collateral to the Collateral Agent under the Collateral Agent, the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Additional Substituted Collateral subject to no other Lien. None of such Additional Substituted Collateral is or shall be pledged by Pledgor as collateral for any other purpose. This Certificate may be relied upon by Purchaser as fully and to the same extent as if this Certificate had been specifically addressed to Purchaser. Capitalized terms not otherwise defined Certificate have the respective meanings specified in the Collateral Agreement.

Appears in 5 contracts

Samples: Collateral Agreement (2010 Swift Mandatory Common Exchange Security Trust), Collateral Agreement (Murdock David H), Collateral Agreement (Tenth Automatic Common Exchange Security Trust)

Title to Collateral; Perfected Security Interest. Pledgor has good and marketable title to owns the Additional Substitute Collateral, free of all Liens (other than the Lien created by the Collateral Agreement) and Transfer Restrictions and has good, right and lawful authority to assign, transfer and pledge such Additional Substitute Collateral under the Collateral Agreement. Upon delivery of the Additional Substitute Collateral to the Collateral AgentAgent under the Collateral Agreement, the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Additional Substitute Collateral subject to no other Lien. None of such Additional Substitute Collateral is or shall be pledged by Pledgor as collateral for any other purpose. This Certificate may be relied upon by Purchaser as fully and to the same extent as if this Certificate had been specifically addressed to Purchaser. Capitalized terms not otherwise defined Certificate have the respective meanings specified in the Collateral Agreement.

Appears in 1 contract

Samples: Collateral Agreement (Mandatorily Exchangeable Securities Trust)

Title to Collateral; Perfected Security Interest. Pledgor has good and marketable title to the Additional Substituted Collateral, free of all Liens (other than the Lien created by the Collateral Agreement) and Transfer Restrictions and has good, right and lawful authority to assign, transfer and pledge such Additional Substitute Collateral under the Collateral Agreement. Upon delivery of the Additional Substituted Collateral to the Collateral Agent under the Collateral Agent, the Collateral Agent will obtain a valid, first priority perfected security interest in, and a first lien upon, such Additional Substituted Collateral subject to no other Lien. None of such Additional Substituted Collateral is or shall be pledged by Pledgor as collateral for any other purpose. This Certificate may be relied upon by Purchaser as fully and to the same extent as if this Certificate had been specifically addressed to Purchaser. Capitalized terms not otherwise defined Certificate have the respective meanings specified in the Collateral Agreement.

Appears in 1 contract

Samples: Collateral Agreement (Amdocs Automatic Common Exchange Security Trust)